Vincent Tan mulls taking 7-Eleven, BLand private; to list U Mobile, hotels

Separately, Tan revealed that Berjaya Group was close to concluding a deal to sell its Four Seasons Hotel and Hotel Residences Kyoto (Four Seasons Kyoto) in Japan for a profit of between US$350mil and US$400mil.

KUALA LUMPUR: Berjaya Corp Bhd (BCorp) founder and executive chairman Tan Sri Vincent Tan plans to take private his convenient chain store operator 7-Eleven Malaysia Holdings Bhd as well as property and hotel business unit Berjaya Land Bhd (BLand).

The tycoon has also set in motion plans to list his mobile telecommunications service provider U Mobile Sdn Bhd on Bursa Malaysia and the hotel business of BLand under a new name on the Singapore Exchange (SGX) next year.