Not a done deal yet
A CLASSIC case of buy on rumour and sell on news. This can best describe Halex Holdings Bhd, a Johor Baru-based agrochemicals company that stirred investors interest with a gaming venture in Cambodia.
On Sept 14, the company announced a memorandum of understanding (MoU) with one Datuk Seri Stanley Goh Teik Keng, the major shareholder of VW Win Holdings plc that operates a licensed lottery gaming business in Cambodia. The agreement is to pave the way for Halex’s entry into the gaming business in Cambodia.