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Case on Stock The commencement of the rights share subscription for Sinobangla Industries is scheduled for January 28th, with the aim of raising Tk 202 million from existing owners. The subscription duration for the manufacturer of plastic packaging items will extend until February 15 th. The record date for the entitlement of rights shares has been set as January 9 , as stated in a stock exchange filing on Tuesday. Last Monday, the stock market authority approved Sinobangla Industries' plan to increase their capital by issuing rights shares. The purpose of this capital increase is to repay loans and purchase capital machinery for the expansion of their business. In accordance with regulatory permission, the business will issue one rights share for every two existing shares at an issue price of Tk 20 each, which includes a premium of Tk 10 per share. The corporation will issue more than 10.09 million rights shares to raise the specified sum. UCB Investment is serving as the issue manager. Investors can deposit funds at specific branches of United Commercial Bank to acquire rights shares. A rights issue is a company's offering of additional shares to its current shareholders, based on their existing ownership, typically at a discounted price compared to the market value, and with a specified time frame. Presently, the company's paid-up capital amounts to Tk 201.97 million. The company's eamings per share for FY23 are recorded at Tk 1.73, a decrease from Tk 1.79 in the previous year. The net asset value (NAV) per share increased from Tk 27.87 in June 2022 to Tk 28.34 at the end of FY23. The company announced a 10% cash dividend for the fiscal vear ending in June of this year. The stock of Sinobangla experienced a 2.18% increase and closed at Tk 65.50 on Tuesday on the Dhaka stock exchange. Established in 1996 as a collaborative effort between China and Bangladesh, the company specializes in manufacturing and exporting a diverse selection of polypropylene woven sacks and value-added flexible intermediate bulk containers. Answer the questions 3. What challenges will be faced by the company