PETALING JAYA: Felda Investment Corp, an investment arm of the Federal Land Development Authority set up last July, will be making a mandatory take-over offer to acquire all the remaining shares, warrants and redeemable convertible secured loan stocks (RCSLS) in property and construction player Encorp
.
The offer price would be RM1.55 per share, 55 sen per warrant and RM1.55 per RCSLS.
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