<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 10): Engtex Group Bhd saw 26.66 million of its warrants B (warrants 2021/2026) that were listed in September last year, representing 24.44% of the total warrants B issued, traded in off-market trades on Thursday (Nov 10).</p></div>

<div class=newsTextDataWrapInner><p>Bloomberg data showed that the pipe manufacturer's warrants crossed at 1.5 sen apiece or a total of RM399,830, a discount of 90.91% from the warrants’ closing price of 16.5 sen apiece.</p></div>

<div class=newsTextDataWrapInner><p>Last year, the group announced a renounceable rights issue of 109.09 million new warrants on the basis of one warrant for every four existing shares in Engtex.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The rights shares were issued at three sen apiece, while the exercise price of the warrants was set at 70 sen apiece.</p></div>

<div class=newsTextDataWrapInner><p>Engtex’s share price closed unchanged at 63 sen, with a market capitalisation of RM279 million.</p></div>


Engtex Group Bhd saw 26.66 million of its warrants B (warrants 2021/2026) that were listed in September last year, representing 24.44% of the total warrants B issued, traded in off-market trades on Thursday (Nov 10).

Bloomberg data showed that the pipe manufacturer's warrants crossed at 1.5 sen apiece or a total of RM399,830, a discount of 90.91% from the warrants’ closing price of 16.5 sen apiece.

Nearly 25% of Engtex’s warrants B crossed in off-market trades

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