YGL is one company that I've been keeping an eye on, not because I want to buy but because I work in same sector as them and I'm surprised why the price keep going up.
I read in The EDGE that price been going up from RM0.2X to RM1.4X since Nov because they keep buying stakes in other similar companies in Asia.
Usually when one company acquires another company, the buying company's share price go down and the sold company's share price go up. So why YGL keep going up?
