Berjaya Group
 | |
| Type | Public limited company |
|---|---|
| Industry |
Consumer Marketing Property Development & Investment Resorts Gaming & Lottery Management Food and Beverage Motor Education |
| Founded | 1984 |
| Headquarters | Malaysia |
| Area served | South-East Asia |
| Key people |
Vincent Tan (Founder) Robin Tan (Chairman) |
| Employees | 16,000 |
| Website | www.berjaya.com |
The Berjaya Group (formerly known as the Inter-Pacific Industrial Group Berhad and Raleigh Berhad; Stylised as BCorp) is a Malaysia-based corporation which controls a wide array of businesses, including resorts, gambling, f&b and property.
On May 26, 2010, the Berjaya Group Berhad was added to the Morgan Stanley Capital International (MSCI) Malaysia Index.
On February 23, 2012, the company's chairman, Vincent Tan, decided to step down from his position, passing it to his son, Robin Tan.[1][2]
History
In the year 1984, the company's sole founder, Vincent Tan Chee Yioun,[3] acquired a significant controlling stake in the Berjaya Industrial Berhad (formerly known as Berjaya Kawat Berhad and now known as Reka Pacific Berhad) from the founders Broken Hill, Australia and National Iron & Steel Mills, Singapore. The shareholding change also resulted in a major change in the business, direction and the dynamic growth of a diversified conglomerate under the flagship of Berjaya Corporation Berhad.
In 1988, following a major restructuring, Berjaya Group Berhad became the holding company of Reka Pacific Berhad.
Inter-Pacific Industrial Group Berhad (formerly known as Raleigh Berhad) was founded in 1967 as a manufacturer of bicycles. In 1969, the organization gained official listing on Bursa Malaysia Securities Berhad.
Berjaya Corporation Berhad assumed the listing status of Berjaya Group Berhad on the Main Board of Bursa Securities upon the completion of the group restructuring exercise in 2005 and the listing of new shares the year after.
Subsidiaries
Some of the subsidiaries include:
| Company | Type | Principal activities | Incorporated in | Group's Equity Shareholding |
|---|---|---|---|---|
| Academy of Nursing (M) Sdn Bhd | Subsidiary | Education | Malaysia | 51% |
| Berjaya Education Sdn Bhd | Subsidiary | Education | Malaysia | 60% |
| Berjaya Food Berhad | Subsidiary | Food | Malaysia | 74.6% |
| Berjaya Higher Education Sdn Bhd | Subsidiary | Education | Malaysia | 51% |
| Berjaya International Schools Sdn Bhd | Subsidiary | Education | Malaysia | 70% |
| Berjaya Joy Long Auto Sdn Bhd | Subsidiary | Distributor of Joylong brand of motor vehicles | Malaysia | 70% |
| Berjaya Land Berhad | Subsidiary | Property | Malaysia | 55.5% |
| Bermaz Motor Sdn Bhd | Subsidiary | Distributor of Mazda passenger vehicles | Malaysia | 80% |
| Cosway Corporation Limited | Subsidiary | Investing Holding Company | Hong Kong | 100% |
See also
- Vincent Tan
- Berjaya Times Square
- Berjaya University College of Hospitality
- Berjaya Air
- Berjaya Hills Resort
References
- ↑ "Vincent Tan to retire from Berjaya Corp". The Star. February 23, 2012. Retrieved June 7, 2012.
- ↑ (March 18, 2012) Robin: My vision for Berjaya Group The Sun. Retrieved June 7, 2012
- ↑ "Berjaya Group to raise over $250m through listings". AsiaOne. February 28, 2012. Retrieved June 7, 2012.