PZC pan asia corporation limited
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Ann: Non-renounceable fully underwritten rights issue, page-5

  1. Yoda
    2,554 Posts.
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    21/08/17
    15:10
    Post #: 26636778
    Chai knows most shareholders won't take up the rights issue. He will take shortfall and end up with control of company along with huge %. If the USD6M is paid out to shareholders via a special dividend he will get 1/2 of it. It's a no brainer.
    PZC Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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