Quick take: BCorp jumps 14% in active trade

KUALA LUMPUR: Berjaya Corp Bhd (BCorp) attracted strong trading interest in early trade Tuesday, jumping over 14%.

The diversified group rose 14.06%, or 4.5 sen to 36.5 sen, its highest in a week. It is currently the most actively traded counter on Bursa Malaysia with over 95 million shares traded.

BCorp will announce a reorganisation in June to streamline its businesses, and it plans to sell off non-core assets, New Straits Times cited group chief executive officer Abdul Jalil Abdul Rasheed as saying.

Jalil intends to reorganise certain aspects of the business and will share the company’s plans in a series of announcements.

“It’s important to get the foundation right first, which includes reorganising the business and knowing clearly what businesses we want to be in,” he was quoted as saying.

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