Enzer Corp

Enzer Corp:+61.9% at $0.17 on huge volume, highest level since Aug ‘08, as investors hopeful of turnaround in fortunes as audio equipment distributor moves into ship chartering, brokering businesses. Singapore-based Enzer will acquire 30% stake in shipping group A3 Offshore for US$974k, to be funded by proceeds from Enzer's recent rights issue. Move comes as Enzer struggling to stem losses. Revenue for FYMar10 down 76% at merely S$121k on weak demand, with S$934k net loss.