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.
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