The share price of Tatt Giap Group Berhad has been surging since the middle of October last year when it went from under 6 sen to reach a high of 37.5 sen on 4 January 2019. The share price run up was accompanied by the company implementing a right issue exercise which saw Tatt Giap issuing 682 million or Irredeemable Convertible Preference Shares (TATGIAP-PA) at an issue price of 6 sen. The rights issue was implemented on the basis of 8 ICPS with 1 free warrant for every 2 shares held on entitlement date. This rights issue was marginally oversubscribed after accounting for excess applications of 32.5%.