By: Derek Lim I have figured out the problem to my calculation of PSC price after rights issue. Current Market Price: $0.15 After 5:1 share consolidation, Theoretical Market Price after share consolidation: = $0.15*5 = $0.750 After 1 rights share @$0.33 for every 2 shares based on New Market Price of $0.750 Theoretical Market Price after rights should be = {[200 shares * $0.750 (Current Market Price)] + [100 rights shares * $0.33 (rights exercise price)]} / [200 + 100] (Total no. of shares after exercise rights) = ($150 + $33) / 300 = $0.610