Unsuccessful delist, then increasing stake and equity placement. What is the direction?

$Challenger(573.SG)$ 0.59/share.
Exit offer at $0.56/share unsuccessful in Jun 2019 (ref. 1, 2). In 2021 Dymon acquired 15% of Challenger's stake (ref. 4). In 2022, it issued 58 mil shares at $0.58 to Digileap Capital (Dymon Asia's vehicle). This contributes to shares outstanding at 400 mil (ref. 3). What is its long term goal? Will the stakeholders be part of this?

Reference
1. https://www.businesstimes.com.sg/companies-markets/challengers-voluntary-delisting-blocked-by-1136-vote-exit-offer-to-lapse
2. https://www.businesstimes.com.sg/companies-markets/challenger-seeks-to-delist-with-s056-exit-offer-price
3. https://www.moomoo.com/hans/news/post/6527128/challenger-technologies-issues-shares-to-digileap-capital-under-placement-exercise
4. https://www.businesstimes.com.sg/companies-markets/dymon-asia-to-raise-stake-in-challenger-to-149-for-s328m