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Over ONE BILLION ARBB-PA were issued and these PA has been converted to ARBB thus diluting the EPS. Compare 2019Q3 net profit Rm8.1M, EPS 3.54 cts but 2020Q3 net profit Rm8.4M but EPS only 1.9 cts.
At end of 2018 there were only about 67M shares issued b4 the ARBB PA exercise. Now 420M shares. Another 600M PA still floating around waiting for conversion to mother. We won't know if ppl holding PA will convert but those who have real interest in the company ie major shareholders, they will convert.