Once again billionaire Vincent Tan (pic) has left the market wondering why he would want to put Singer into Bcorp, which he substantially owns directly, when a previous listing exercise of the retail chain was not well received.
SINGER (M) Sdn Bhd, one of the retail chains of tycoon Tan Sri Vincent Tan has come one full circle. In the latest corporate exercise, the major shareholder of Berjaya group has proposed that his flagship company – Berjaya Corporate Bhd (Bcorp) acquires Singer.
Once again he has left the market wondering why he would want to put Singer into Bcorp, which he substantially owns directly, when a previous listing exercise of the retail chain was not well received.
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