BCorp boss Vincent Tan trims indirect stake in group

TheEdge Thu, Jun 10, 2021 10:51pm - 3 years View Original


KUALA LUMPUR (June 10): Berjaya Corp Bhd (BCorp) non-executive chairman Tan Sri Vincent Tan saw his indirect interest in the group trimmed following the sale of one million shares on the open market on June 8.

In a stock exchange filing, BCorp said Tan’s deemed indirect interest held through his child dropped to 1.21 billion shares or a 23.86% stake, from 23.89% previously.

The prices at which the shares crossed were sold was not revealed. BCorp shares closed at 30 sen on June 8, at which price the block of shares was valued at RM300,000.

Meanwhile, Tan also has direct control over 1.28 billion shares in Bcorp, representing a 25.28% stake.

Including today's transaction, he has cumulatively disposed of nine million indirect shares or 0.09% stake over the past two weeks.

The group's bourse filings showed that he had disposed of 1.5 million shares on May 28, 3.5 million shares on May 31, two million shares on June 1, and one million shares on June 2.

BCorp shares closed unchanged at 31 sen today, for a market capitalisation of RM1.65 billion.

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