the first billion $:existing holders will get 1:1 right issue at...

the first billion $:
existing holders will get 1:1 right issue at $1.1 per share
the rest is going to the large investors

the second billion $ and additional $:

all subject to the approval in EGM
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existing holders will get the share cheap at $1.1. and the second billion $ issue should be postponed to later date to benefit from the possible share price recovery in the following months. otherwise, the it would be very dillutive to the existing shares. My thought only.

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IMO, the share price should not go down to below $1.5 for existing shareholders to benefit.