Not 220m, it's 2.2b. So, it is not 5cent per share. It is 50cents per share. Sharesholders will receive AA Group shares. Then, for every 2 AAG share, will get 1 bonus warrant. say warrant is 10cents, it will be 50+10 = 60cents. correct me if i'm wrong.

The Distribution Shares will be allotted and issued to the Entitled Shareholders and credited
directly into their central depository accounts based on the proportion of their shareholdings in
the Company on the Entitlement Date.
For illustration purpose, based on the total issued share capital of the Company of RM8,730.2
million comprising 4,254.7 million ordinary shares as at the LPD, the Distribution Shares are
expected to be distributed on the basis of 397 new AAG Shares for every 1000 of the Shares
held by the Entitled Shareholders.

Based on the Issue Price of RM1.30, the Company is expected to retain approximately 672.5
million AAG Shares, representing 18.39% of the enlarged issued shares of AAG post
completion of the AAX Proposals as set out in Appendix II of this Announcement

Cap A will have 18.39% of AAG shares