We may never know.
One thing is for sure, many people chased the shares subsequent to the pronouncement of Berjaya Corp buying 70% of Ascot Sports which purportedly was re-issued a sports betting license.
The share price went beyond RM1.80 sen.
Today, with all the finger pointing and mystery surrounding the status of this pronouncement, the share is sliding down below RM1.40. Some analysts are predicting it will fall to the 90 sen mark when Sarawak became the first BN led state to ban the opening of sports betting centres there.
How sad!
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