The share price of Encorp Berhad had fallen significantly in the last few months after the company implemented a rights issue of redeemable convertible secured loan stocks with free warrants. Encorp-WA started trading on 24th March this year and its price had ranged within a narrow band of 36.5 sen to 43.5 sen since. During this period, the trading of both Encorp share and warrant had been relatively quiet.
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