Business News

Published: Wednesday June 5, 2013 MYT 12:00:00 AM
Updated: Wednesday June 5, 2013 MYT 12:00:06 PM

Vincent Tan yet to decide on listing of Cardiff City and 7-Eleven

KUALA LUMPUR: Billionaire Tan Sri Vincent Tan has not ruled out the possibility of listing Cardiff City Football Club and 7-Eleven to raise funds.

He said, the decision would only be made in the next few months.

“We will consider. We are looking at several options to raise money to pay the banks.

“I have invested so much, so now I need to raise some money.

“Listing is one of the options. Nothing firm or definite yet,” he told reporters at the signing of Friendster Sdn Bhd and Kakao Corp here yesterday.

Tan was commenting on recent news reports on his plans to list Cardiff City and 7-Eleven.

He said, the possible listing would probably happen this year.

Tan said apart from repayment of debts, part of the funds raised would also be used to finance his charity works including providing free English education to rural areas that do not have access to proper English education.

He is planning to set up 100 centres from the current seven centres around Pulau Redang, Batu Pahat, Pahang and Sabah.

The listing of Cardiff City will be the second Premier League team after Manchester United’s listing on the New York Stock Exchange.

Tan, who owns 36.1% of the club, has announced his retirement from his flagship company, Berjaya Group, in February last year to focus on charitable and philanthrophy works. – Bernama

Tags / Keywords: Business, Business News, Tan Sri Vincent Tan, Cardiff City Football Club, Berjaya Group

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