40% of BONIA share is free floating, panic sell off is expected in this kind of climate

The announcement did not state. So I think you need to refer to their shareholding prior to this announcement

I think maybe something is coming out soon. The volume supported the price, purchase was in pulses.

What has happened ? why turn active suddenly?

Renounceable Right mean you can trade the right with a value within a defined period of time or subscript to the mother share with a discounted and fixed value, until it expire.

8 (share):6 (right) + 3(warrant) means if you are having 1000 units of share, you will get 1000/8*6 = 750 right issues + 1000/8*3=375 free warrants. But your existing share value will be diluted ( as for AZRB, the original 0.50 book value will be diluted into 0.25 ).

So here, you got the option to sell the right issues before it expire, or you can subscript to the mother share with the diluted value at 0.25 ( + some procedure fees).

Just trying to clear the doubt here with my 2 cents knowledge and some input from my adviser. Please correct me if my explanation is off.