On 9 May 2018, Malaysians celebrated a momentous day in their country’s political history as they voted a new government into power, breaking Barisan Nasional’s 61-year rule in Malaysia. A total of 14.4 million voters cast their votes and, after the results were tallied, the opposition party, Pakatan Harapan (Coalition of Hope), secured the majority of seats in the new Malaysian parliament in a stunning upset.

Following the historic victory, former Malaysian prime minister, Tun Dr Mahathir Mohamad, returned to become Malaysia’s seventh prime minister and immediately embarked on a slew of financial and economic reforms including abolishing the goods and services (GST) tax.

Following news of Pakatan Harapan’s upset victory, the share price of MyEG Services immediately crashed when the market reopened on 15 May 2018. Over the next two weeks, shares of MyEG eventually reached a low of RM0.74 – a massive 71.3% plunge from …