BCorp in talks on MCIS stake buy


BCorp says it is negotiating with a potential seller of a licensed entity subject to Bank Negara’s approval.

PETALING JAYA: Berjaya Corp Bhd (BCorp) is in the midst of negotiating a controlling stake in MCIS Insurance Bhd, confirming a local news report, it said in a filing with Bursa Malaysia yesterday.

In a separate filing to the exchange dated Jan 9, 2023, the conglomerate said it was negotiating with a potential seller of a licensed entity subject to Bank Negara’s approval.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
BCorp , MCIS , shares , acquisition

Next In Business News

Australian, New Zealand dollars rise on yen outflows, weak greenback
Amanda Lacaze to retire as Lynas CEO, MD
Japan's Nikkei hits all-time high on Wall Street rally, snap election bets
Ringgit extends gains against US$ at opening
FBM KLCI hits 1,700 as banks surge to record levels
Trading ideas: Sunway, IJM, TM, Lianson Fleet, HE, Vantris, IGB, Favelle Favco, AnwaBiru, Rexit, Melati Ehsan
S&P 500, Dow hit closing record highs; Walmart, tech climb
New major contract to boost KKB Engineering
TNB’s FY25 to FY27�net profit estimates raised�
Infrastructure rollout to bolster construction stocks

Others Also Read