Vincent Tan pares stake in BCorp for ‘potential major acquisition in financial services segment’
28 Dec 2022
KUALA LUMPUR (Dec 27): Berjaya Corp Bhd’s (BCorp) founder and major shareholder Tan Sri Vincent Tan Chee Yioun intends to pare his stake to 19.6% from 26%, paving the way for the diversified group’s potential acquisition of a 51% stake in a financial services company.
In a statement, BCorp, in which Tan is chairman, said it is in the midst of evaluating a potential acquisition involving a licensed entity governed by Bank Negara Malaysia (BNM) under the Financial Services Act 2013 (FSA).
Chester Tay(2022, December 28). Vincent Tan pares stake in BCorp for ‘potential major acquisition in financial services segment’.
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