bonus issue does not fork out any new money, just merely breaking the share into half to increase liquidity.
why is there shareholders need more money ?
mind to shre your view ?

this still does not explain shareholders need money, just the increase of shares only.

getting themselve to list in main board probably, this is a must exercise to meet the listing requirements in main board.

if they need money they will raise right issue instead of bonus issue.

the bonus issue come with free warrants right ? then it subject to conversion to mother share by holders by paying a conversion price, provided holders of warrant convert or else they can opt to sell it without need to fork out any money still. all in all, this exercise is to increase the share liquidity to pave the way for main board.

i see it a good move but the price still plunge ?