Berjaya Philippines buys stake in Malaysia's BAssets for $1.5m

Listed holding firm Berjaya Philippines Inc has acquired seven million ordinary shares of Berjaya Assets Berhad (BAssets), owner of Berjaya Times Square, the largest shopping centre and commercial development in Malaysia.

Berjaya Philippines realised a 0.62 per cent stake in BAssets after closing the deal on Tuesday, buying the shares priced at P10.82 apiece, for a total of over $1.5 million (P76 million).

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