Malaysian consumer-to-property conglomerate Berjaya Corp is evaluating a “major potential acquisition” involving a licensed entity governed by the Malaysian central bank, it said in a stock filing late Tuesday.
To facilitate the potential purchase of a 51% equity stake, Berjaya Corp said its founder and major shareholder Vincent Tan Chee Yioun intends to pare down his stake to not more than 19.6% by the end of January 2023.
