Malaysia-listed conglomerate Berjaya Group has reduced its stake in Razer Fintech from 49% to 19%, according to filings made with Singapore’s Accounting and Corporate Regulatory Authority (Acra).
The sale of 1.17 million ordinary shares was made to Razer Midas, the only other shareholder in Razer Fintech. As a result of this transaction, Razer now controls 81% of the fintech firm, while Berjaya holds the remaining 19%. The transaction was dated to 29 October 2021.
