This assumption written by this blogger very logic. So, for those who still have spsetia-wb, I wish you good luck.
The excerpt:
Remember, at the same time with the drop in price, SP Setia is proposing for several things - private placements of up to 15%, ESOS of up to 15%. All these are based on last 5 days traded price prior to the exercise and with discounts. If I am an employee or someone who is taking up the private placements, obviously the lower the share price the better. Got it?