Formula:
- The following figures are referred from 'Ex-right Announcement'.
(A): Closing Price before Ex-right
(B): Cash Dividend
(C): Subscription Price per Share
(D): Subscription Ratio to New Share Issued
(E): Stock Dividend Ratio - Ex-right Reference Price = [(A)-(B)+(C)*(D)] / [1+(D)+(E)]
- Ex-dividend Reference Price = [(A)-(B)] / [1+(E)]