Berjaya Corp Bhd founder Tan Sri Vincent Tan Chee Yioun has reduced his stake in the diversified conglomerate, selling a 5.25% shareholding in the company for approximately RM79.56 million.
Berjaya Corp founder Tan Sri Vincent Tan.
The disposal was executed through Tan’s private investment vehicle, Berjaya True Ascend Sdn Bhd, which sold 306 million shares in a direct business transaction on March 6, according to a filing with Bursa Malaysia on Monday. The shares were disposed of at 26 sen each. The identity of the buyer was not disclosed in the filing.
Following this transaction, Tan’s total interest in Berjaya Corp now stands at 1.23 billion shares, representing around 21% of the company. This comprises a direct stake of 8.559% and an additional 12.533% held via various private entities.
Berjaya Corp, a conglomerate with operations spanning lotteries, automotive, and other sectors, saw its shares close unchanged at 27 sen, giving the group a market valuation of RM1.61 billion. The move marks a notable shift in the holdings of one of Malaysia’s most prominent tycoons and may indicate strategic portfolio adjustments amid broader market conditions.
