General offer for The Store, after billionaire Vincent Tan and Berjaya exit

The Store

PETALING JAYA: Almost three weeks after Tan Sri Vincent Tan and the Berjaya Group exited The Store Corp Bhd, the major shareholders have launched a takeover of the company that operates a retail chain.

In a filing with Bursa Malaysia yesterday, the major shareholders of The Store – Tan Sri Tang Yeam Soon and his wife Puan Sri Khor Guik Lee – said they had acquired a further 13.88% stake in the company, hence triggering a mandatory general offer.