So why is this happening?
Was it in the light that they believed that Ascot will get the Sports betting licence?
The licence is gone for now...........
If so, will this purchase continue?
So far this is the status of purchase.
BCorp and its unlisted indirect subsidiaries, Inter-Pacific Capital Sdn Bhd (IPC), Inter-Pacific Securities Sdn Bhd (IPS) and Bizurai Bijak (M) Sdn Bhd have bought 56.74 million of 10 sen shares in Berjaya Sports Toto Bhd (BToto) from the open market.
The companies bought the shares, which represent 4.24 per cent equity in BToto between June 25 2009 and June 24 2010, for RM247.93 million or at an average acquisition price of RM4.37 per share.
"The acquisitions have enabled the BCorp group to step up its interest in BToto via purchases in the open market, in a gaming company with good financial performance and dividend track record which provides lucrative yield to investors," the company told Bursa Malaysia yesterday.
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