BCorp buys 42.5mil Berjaya Assets shares, raises stake to 13.96pct
KUALA LUMPUR: Berjaya Corp Bhd's (BCorp) subsidiary Inter-Pacific Credits Sdn Bhd has acquired 42.5 million shares or a 1.66 per cent stake in Berjaya Assets Bhd for RM12.75 million in cash at 30 sen per share.
In a filing to Bursa Malaysia, BCorp said the acquisition raised its and subsidiaries' stake in Berjaya Assets to about 13.96 per cent or 357.05 million shares.
BCorp noted that the purchase price was based on Berjaya Assets' market prices at the time of the acquisition.
"The acquisition was funded through the internal funds of Inter-Pacific Credits. There is no liability to be assumed by the BCorp arising from the acquisition.
"The acquisition enabled the BCorp to increase its stake in Berjaya Assets," it said.
BCorp's share price closed 3.57 per cent or one sen lower to 27 sen, valuing the group at RM1.58 billion.
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The Star
3 days ago
- The Star
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.
New Straits Times
3 days ago
- New Straits Times
BCorp buys 42.5mil Berjaya Assets shares, raises stake to 13.96pct
KUALA LUMPUR: Berjaya Corp Bhd's (BCorp) subsidiary Inter-Pacific Credits Sdn Bhd has acquired 42.5 million shares or a 1.66 per cent stake in Berjaya Assets Bhd for RM12.75 million in cash at 30 sen per share. In a filing to Bursa Malaysia, BCorp said the acquisition raised its and subsidiaries' stake in Berjaya Assets to about 13.96 per cent or 357.05 million shares. BCorp noted that the purchase price was based on Berjaya Assets' market prices at the time of the acquisition. "The acquisition was funded through the internal funds of Inter-Pacific Credits. There is no liability to be assumed by the BCorp arising from the acquisition. "The acquisition enabled the BCorp to increase its stake in Berjaya Assets," it said. BCorp's share price closed 3.57 per cent or one sen lower to 27 sen, valuing the group at RM1.58 billion.
The Star
3 days ago
- The Star
BCorp acquires 1.66% stake in Berjaya Assets for RM12.75mil
KUALA LUMPUR: 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 BAssets 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 the BCorp to increase its stake in BAssets,' BCorp said in a filing with Bursa Malaysia.
