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Yang Zhongli and Shuangxiong rebounded by nearly 10% after being confirmed not to be prosecuted by the Anti-Corruption Commission.

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南洋商报 NYSP wrote a column · Dec 19 12:31
Ensure not facing MACC charges, YTL Communications stocks surge nearly 10%
Yang Zhongli and Shuangxiong rebounded by nearly 10% after being confirmed not to be prosecuted by the Anti-Corruption Commission.
With the completion of the 1BestariNet investigation, YTL Communications confirms it will not face MACC charges, causing a sharp rise of nearly 10% in the stock price of YTL Communications this morning.
As of 10 a.m., YTL Institutions $YTL (4677.MY)$ rose 19 sen or 8.88% to 2.33 Ringgit; the stock reached a high of 2.35 Ringgit in the morning session.
While Yang Zhongli's Electrical Utilities $YTLPOWR (6742.MY)$ rose by 29 cents or 7.92%, closing at 3.95 Ringgit; it briefly reached 3.98 Ringgit in the early trading session.
Yang Zhongli's top two giants have been on a crazy upward trend since last year, but since July this year, they have plummeted due to the Anti-Corruption Commission's investigation into Yang Zhongli's telecommunications, as well as concerns over excessive valuation. The stock price has been halved in the past six months.
However, as December approaches, the stock prices of the top two giants have already rebounded from the bottom, rising by over 10% so far.
Source: Nanyang Siang Pau
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