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BCorp: CEO s plans yet to be deliberated by board

16 Jul 2021 / 21:37 H. PETALING JAYA: Berjaya Corp Bhd (BCorp) said its board of directors is not aware of any plan to privatise the group’s subsidiary Berjaya Land Bhd, sell Berjaya Sports Toto Bhd, and set up a hospitality real estate investment trust. The group clarified that the plans are personal idea and strategies of its CEO Abdul Jalil Abdul Rasheed. It explained that Jalil’s appointment was made to transform BCorp into an institutionalised group, managed by professionals. Jalil was mandated to relook at the BCorp structure and amongst others to improve synergies & efficiency, streamline the various group businesses and to transform BCorp into a high performing organisation.

Berjaya Corp says CEO s strategic plans have yet to be deliberated by its board

KUALA LUMPUR (July 16): Berjaya Corp Bhd (BCorp) said the strategic plans mentioned by its chief executive officer Abdul Jalil Rasheed at a virtual event yesterday were merely personal ideas and strategies, and that its board is not aware of them and has not deliberated on any of them. In a filing with the bourse, BCorp said Jalil has been mandated to relook at the BCorp structure, as well as improve synergies and efficiency, streamline the various group businesses and transform the group into a high performing organisation. “Jalil was answering possible permutations as to how he can structure the BCorp group to achieve the objectives of the restructuring exercise and the possibility of divesting certain assets during these public investor relation forums,” it said.

Berjaya Corp plans to privatise Berjaya Land, sell Berjaya Sports Toto

Berjaya Corp plans to privatise Berjaya Land, sell Berjaya Sports Toto
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