https://www.thestar.com.my/aseanplus/aseanplus-news/2022/07/26/vietnam039s-petroleum-flagship-binh-son-refinery-q2-net-profit-soars-yy-to-us424mil

My understanding of the corporate exercise is as follows. Pls correct me if I am wrong as this is for sharing.

If u buy 10,000 shares of Nylex @1.17, which costs u RM 11700,u will get the followings when the corporate exercise is completed

1) Cash of RM 4,000 (to be returned)
2) Ancom share value of RM5200 or 3,467 Ancom share @RM1.50
3) 10,000 Nylex shares (shell company @ 8 sen per share)
4) Nylex market price after the exercise is completed will depend
on the daily traded price at Bursa
5) When u buy Nylex share at RM1.17 and the price of Ancom is RM
2.55, u are getting a Ancom share at 10% discount

The offer price of 100sen consists of 40 sen cash, 52sen of Ancom @RM1.50 and 8 sen retained in the shell company.