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.