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A bit scary. It is similar to current price. Will it fall further after right issue? We waited for it go up before this announcement but it did not. Do not understand why they did not up the share price in order to get more when doing this right issue.
Frankly, waited for the vaccine deal but I think is too late now unless this vaccine is better than the rest in fighting the variant.
(i) a renounceable rights issue of up to 2,861,936,149 new ordinary shares in Kanger ("Kanger Share(s)" or "Share(s)") ("Rights Share(s)") on the basis of 1 Rights Share for every 1 existing Kanger Share held, together with up to 2,861,936,149 free detachable warrants in Kanger ("Warrant(s) B") on the basis of 1 Warrant B for every 1 Rights Share subscribed for, on an entitlement date to be determined and announced later ("Proposed Rights Issue with Warrants");