| Under the terms of the Arrangement, IRC shareholders can elect to receive cash, shares or a combination of both in exchange for their current IRC shareholdings. |
| In that case, the founders' shareholdings would be diluted to 20.9 per cent each, while this would be diluted to 4.4 per cent. |
| The deep discount means that if the shareholders don't cough up, their existing shareholdings will be diluted. |
| The issue of the new shares will dilute both the government and staff shareholdings. |
| Upon divesting its stake to ADCB, the EPF will cut its shareholdings in RHB Capital to 57 per cent from 82 per cent. |
| However, the government plans to divest or dilute its shareholdings in a controlled way in government-linked companies that are no longer relevant to its objectives. |
