BCorp sells Taiga stake

  • Business Premium
  • Thursday, 06 Oct 2016

PETALING JAYA: Berjaya Corp Bhd (BCorp) and its wholly owned subsidiary, Berjaya Forest Products (Luxembourg) Sarl (BForest), have entered into two disposal agreements with Malaysian businessman Tong Kooi Ong’s UPP Holdings Ltd, which will see the former net a gain of C$23.14mil (RM72.82mil).

In a filing with Bursa Malaysia, BCorp said that the first proposal was for BCorp to dispose the entire 12.67 million common shares or 39.09% equity interest in Taiga Building Products Ltd by BForest to UPP for C$12.67mil (RM39.87mil),

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Business , BCorp , Taiga , UPP


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