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(b) 1 Jan. 2020 Hea Hea Ltd. went to IPO and obtained $200,000,000 as share capital with share price $5 per share. 30 June 2020

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(b) 1 Jan. 2020 Hea Hea Ltd. went to IPO and obtained $200,000,000 as share capital with share price $5 per share. 30 June 2020 Hea Hea Ltd.'s share price rose to $7 and the company split each four shares into six shares. 31 Dec. 2020 Hea Hea Ltd. proposed a right issue of 1 for 6 right issues. (4 marks) i. Calculate the market capitalization of Hea Hea Ltd. on 30 June 2020. ii. Calculate the number of shares outstanding of Hea Hea Ltd. after the right issue proposed on 31 Dec. 2020. (4 marks)

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