Berjaya Corp monetises three non-core businesses

Berjaya Corp CEO Jalil Rasheed (pic) said the divestments in Razer Fintech and Berjaya China Motor, as well as the closure of Graphic Press, would allow the group to focus on higher growth opportunities across its core businesses.

PETALING JAYA: Berjaya Corp Bhd has divested three non-core businesses for a cumulative value of over RM263mil, in line with its three-year plan to focus on its core businesses.

In a statement yesterday, Berjaya Corp said its unit Berjaya Fintech Sdn Bhd (BFintech) had disposed off a 30% stake in Razer Fintech Holdings Pte Ltd to Razer Midas Pte Ltd for US$53.57mil (about RM223.89mil).