Berjaya Corp Bhd (BCorp) has disposed of 48.5 million shares in its listed subsidiary, Berjaya Assets Bhd (BAssets), through its wholly-owned subsidiaries Ambilan Imej Sdn Bhd (AISB) and Berjaya IPS Credits Sdn Bhd (BIPS Credits).
The disposal, which was completed on July 9, 2026, involved approximately 1.9% equity interest in BAssets and was executed at a price of 30 sen per share. The transaction generated total cash proceeds of RM14.55 million for BCorp.
In a filing with Bursa Malaysia, BCorp said that following the disposal, it continues to hold 308.55 million shares in BAssets, representing a remaining equity stake of approximately 12.06% in the company.
The group stated that the disposal price was determined based on the prevailing market value of BAssets shares at the time of the transaction. The shares disposed were sold free from all encumbrances, allowing for a straightforward transfer of ownership.
BCorp added that the proceeds from the share disposal will be utilised primarily for strengthening its financial position, including the repayment of borrowings and supporting its working capital requirements. The funds will also be allocated towards the group’s ongoing administrative and operational expenses.
Despite generating cash inflow, the disposal was carried out below the carrying value recorded in BCorp’s financial statements. The shares had a book value of 73 sen per share, compared with the disposal price of 30 sen per share.
The divestment forms part of BCorp’s ongoing efforts to optimise its investment portfolio, manage capital allocation and enhance financial flexibility while maintaining its strategic interest in BAssets through its remaining shareholding.
