"Subject to successful completion, Ms Heng also noted that Legacy would look to in-specie the 60% shareholding it would hold in Hawthorn back to Legacy shareholders. A record date to participate in the in-specie will be advised"
after SPP HAW (if fully subscribed) has total 2,608,929,230 which includes [email protected] placement to LCY. So 60% of it 1,565,357,538 would be distributed to Legacy shareholders.
Based on current outstanding share in LCY 576,725,398, if assume no change then for each LCY you should get 2.7HAW + possibly the new shares from the new listed company, imo.
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