Berjaya Corporation Berhad (KLSE:BJCORP) has plans to monetise the property held under subsidiary Berjaya Land Berhad (KLSE:BJLAND) (BLand) and may sell Berjaya Sports Toto Berhad (KLSE:BJTOTO) (BToto) for the right offer despite the good dividend from the company. Group CEO Abdul Jalil Abdul Rasheed said the group would like to develop the prime sport and recreation club lands under BLand in Bukit Kiara, Bukit Jalil, Kelab Darul Ehsan and Selangor Turf Club, and raise cash by exiting all its businesses in China as well as automotive distribution in Malaysia. Cashflow considerations for the group means a privatisation of BLand is not a priority and can only happen when the demand for cash from other businesses abates, he said at a MIDF Conversations webinar event.
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0.285 MYR | -1.72% | -3.39% | -1.72% |
Apr. 30 | Berjaya Closes Sale of Berjaya Enviro for MYR700 Million | MT |
Feb. 28 | Berjaya Corporation Berhad Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023 | CI |
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+42.13% | 87.08B | |
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+71.52% | 30.88B |
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