CapitaLand Ltd., Southeast Asia's largest property developer, will raise S$1.84 billion ($1.2
billion) after reporting an 88 percent slump in its fourth quarter profit.
Net income for the three months ended Dec. 31 fell 88 percent to S$78 million ($52 million) from S$674.7 million a year earlier, the company said in a statement to the Singapore exchange.
Revenue declined to S$703.7 million from S$1.32 billion a year earlier, the statement said.
So what is the theorectical share price?
Last done: $2.36
Terms of Right issur: 1 right for 2 shares
Conversion price: $1.30
Implied price during opening: ((2 x $2.36) + $1.30) / 3 = $2.006
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