Amid the Covid-19 pandemic, companies not only face a slowdown in economic activity but also need to hasten their digitalisation journey and ensure they are ESG-compliant. Some are restructuring to achieve this.
Now could be the right time to privatise BLand, analyst says themalaysianreserve.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themalaysianreserve.com Daily Mail and Mail on Sunday newspapers.
The Covid-19 pandemic has turned out to be a great reset for Tan Sri Vincent Tan, the patriarch of Berjaya Group. The group that is anchored on a gamut of economic activities ranging from gaming to fast food, pharmaceutical products, property development, hotels and resorts has taken a beating from the global recession.
Berjaya’s weak fundamentals despite an array of assets were laid bare when shareholders’ value for the group as a whole was shaved by more than 30%. According to data compiled by a private research unit, Tan’s paper wealth dropped to RM1.4 billion from RM2.16 billion in 2019, causing him to slip out of the list of top 40 richest Malaysians.
06 Apr 2021 / 01:52 H. Vincent Tan is passionate about building affordable homes for Malaysians.
PETALING JAYA: Tan Sri Vincent Tan Chee Yioun will remain on the Berjaya Corp Bhd (BCorp) board of directors as non-executive chairman after resigning as executive chairman yesterday, in line with his vision to transform the group into an institutionalised corporation managed by professionals.
BCorp group CEO Abdul Jalil Abdul Rasheed, who was appointed to the board on March 16, 2021, has been mandated to transform BCorp into a high performing organisation through streamlining the various group businesses to create and enhance shareholders’ value, optimising financial and human resources, improving synergies and efficiency as well as enhancing corporate governance and transparency.
, Ta Win, LBS Bina, Cypark, Widad, Paragon Glove, Dancomech
, Sunway and Brahim, said JP Apex Research. MCE said its wholly-owned subsidiary Multi-Code Electronics Industries (M) Bhd has secured contracts to supply various mechanical parts for new Toyota car models. Berjaya Corp’s CEO Abdul Jalil Abdul Rasheed has bought an additional 66 million shares, raising his stake in the loss-making diversified group to 2.71% or 136 million shares. Ta Win has ventured into the global electric vehicle market, following the appointment of its subsidiary Cyprium Wire Technology Sdn Bhd (CWT) as a global vendor in international technology and mobility company Aptiv plc’s global automotive supply chain. LBS Bina said it has inked a Joint-Venture Agreement (JVA) with the Cameron Highlands District Council for a mixed development project with a gross development value (GDV) of RM1.5bil in Tanah Rata, Cameron Highlands. Cypark’s net profit rose 2.98% to RM14.98 million for the fi