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Coincidentally, another significant shareholder in E-Commerce is PAG – a major Asian investment company that is the largest shareholder in troubled Australian airline Rex. He does share the name with a businessman who is the majority shareholder in a Hong Kong-listed company, E-Commodities Holdings, which trades in commodities, including coal and oil. There is still no report this morning, and it looks increasingly unlikely the company is in any position to update the market today. Now the ASX has made that suspension involuntary as Star didn't manage to table its full-year financial report before the cut-off at the close of business on Friday. An opportunistic buyer may be enticed by Star’s beleaguered share price, which traded to a record low of 10.5c earlier this month before a modest recovery.
One would think with the numbers of those involved in this sports betting business in Nigeria, and the Game Rights Holder may collect fees. The company was forced to suspend its shares from trading on the ASX for weeks while it reviewed the report – which called its integrity to hold a casino license into question – and its implications for company financials. Significant regulatory and financial challenges are clouding the company's future. So there's no doubt that investors are wondering what the Star Casino share price is actually worth. The share price bumped up to $0.13 on 13 January after mystery speculators bought up shares of the company, amid an otherwise dismal day on the stock market after inflationary revelations.