Malaysia: Berjaya Assets to own 50% in lottery firm Megaquest for $27.2m

Malaysian tycoon Vincent Tan Chee Yioun’s Berjaya Assets Bhd (BAssets) is set to acquire the remaining 50 per cent in lottery game company Megaquest Sdn Bhd it does not own, for MYR108 million ($27.18 million).

The company said in a bourse filing that its subsidiary Tropicfair Sdn Bhd has entered into a share sale agreement for the proposed acquisition of the remaining 50 per cent equity interest comprising 3.51 million ordinary shares of MYR1 each in Megaquest from Violet Circle Sdn Bhd, for a cash consideration of MYR108 million or MYR30.81 per share.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter