Berjaya Group to sell 100% of Benviro to Naza for RM700mil


KUALA LUMPUR: Berjaya Corporation Bhd's (BCorp) subsidiary Berjaya Group Bhd (BGroup) has inked an agreement with Naza Corporation Holdings Sdn Bhd to dispose of 100 per cent equity interest in Berjaya Enviro Holdings Sdn Bhd (BEnviro) for RM700 million.

BCorp’s joint chief executive officer Vivienne Cheng Chi Fan said the proposed disposal would provide an opportunity for the BCorp group to monetise its investment in BEnviro with an estimated gain of about RM490.74 million.

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!

Next In Business News

Australian dollar scales 15-month high on strong jobs data
Gold dips, stocks lift as Trump walks back Greenland threats
Ringgit opens firmer on OPR hold expectations
Bursa Malaysia tracks global rebound as Trump walks back tariffs threat
Trading ideas: Sunway, IJM, Binastra, Capital A, Elridge, Oxford Innotech, Steel Hawk, Carimin, SMRT, Reneuco, Suria, KIP REIT, Pantech
Wall Street jumps on Greenland framework deal
Wasco to gain from transition to renewables
CPO prices to stay range-bound in February
Maybank’s sustained returns growth ambition
Steel Hawk unit secures Sabah contract

Others Also Read