BCorp acquires 1.66% stake in Berjaya Assets

Following the acquisition, BCorp and its subsidiaries’ shareholding in Berjaya Assets increased to approximately 13.96%.

PETALING JAYA: Berjaya Corp Bhd’s (BCorp) wholly-owned subsidiary, Inter-Pacific Credits Sdn Bhd (IPCredits), has acquired 42.50 million ordinary shares, representing about a 1.66% equity interest in Berjaya Assets Bhd for RM12.75mil in cash, or 30 sen per share.

Following the acquisition, BCorp and its subsidiaries’ shareholding in Berjaya Assets increased to approximately 13.96%, comprising 357.05 million shares.

“The acquisition was funded through the internal funds of IPCredits. There is no liability to be assumed by the BCorp arising from the acquisition. The acquisition enabled BCorp to increase its stake in Berjaya Assets,” BCorp said.

Separately, Berjaya Food Bhd’s wholly-owned subsidiary, Berjaya Food (International) Sdn Bhd, has disposed of 6.60 million ordinary shares, representing a 0.60% equity interest in 7-Eleven Malaysia Holdings Bhd, to BCorp for RM13.2mil cash.