
never never ask money from shareholder (issuing right shares)...... at price of $0.11 ...
and today indeed price drop to the lowest at 0.11 !!!!! what a day for Lorenzo.. it's high in July 07, $0.56 .. poor thing..
KE have lowered their target price to $0.24 fr $0.46 to reflect the equity dilution, and have ascribed a lower PER multiple of 8x FY08 PER (from 12x), in line with the average valuation of its furniture peers and retailers listed on the SGX.
- Share price to be constrained by potential equity dilution from this rights issue.
- Heighten risk exposure amid the slowdown in consumer spending and the cooling property market.
- The new plant, if smoothly executed, will only contribute from 2Q09 onwards.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_B2A0722234786ED248257378003085E5/$file/1stselfownedretailstore.pdf?openelement
An article appeared on Business Times today stated the Lorenzo expansion plan with DMG target price of 70 cents.