PETALING JAYA: Encorp Bhd
is expected to gain RM8.7mil or 3 sen per ordinary share from the disposal of its unit Encorp Construct Sdn Bhd (ECSB).
In a filing with the stock exchange yesterday, Encorp said the disposal was part of a rationalisation and restructuring exercise undertaken by Encorp Group to do away with its non-core and loss-making subsidiary.
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