Did the White Samurai Rescue Plan bounce back up stock prices?

PN17's Sarawak Cable (SCABLE, 5170, Motherboard Industrial Co., Ltd.) was unable to reach an agreement with White Samurai, and the rescue plan came to an end. The stock price once fell by nearly 26%, but at the end of the day it ushered in a major reversal, rising 3.23%.

Perhaps investors are happy to see the agreement come to an end, which may attract better white warriors and cause everyone to enter the tray.

Or maybe large investors intend to sell off stocks and buy large sums of money at the end of the day to get out of the way. This is unknown.

The company announced yesterday on the Malaysian Exchange that it was unable to agree with White Warrior Serendib Capital on the exclusive corporate relationship stipulated by the two parties at the end of 2023.

Earlier, Sarawak Cable confirmed that the British investment agency Serendib Capital will be the white samurai to save the company and inject RM250 million to get the company back on track.

The news of the rescue once caused the stock to soar to a maximum of 48 cents, but since then, amid intense fluctuations, the stock price has already slipped.