Berjaya Corporation
 | |
Formerly called | Berjaya Group Berhad |
|---|---|
| Publicly traded company | |
| Traded as | MYX: 3395 |
| ISIN | MYL3395OO000 |
| Industry | Conglomerate (Consumer Marketing, Property Development & Investment, Resorts, Gaming & Lottery Management, Food and Beverage, Motor, & Education) |
| Founded | 1984 |
| Founder | Vincent Tan |
| Headquarters | Kuala Lumpur, Malaysia |
Area served | South-East Asia |
Key people | Robin Tan (Chairman) |
Number of employees | 16,000 |
| Website |
www |
The Berjaya Corporation Berhad (MYX: 3395;[1] formerly known as the Berjaya Group Berhad, Inter-Pacific Industrial Group Berhad and Raleigh Berhad) is a Malaysia-based corporation which controls a wide array of businesses, including resorts, gambling, f&b and property.
History
In the year 1984, the company's sole founder, Vincent Tan Chee Yioun, 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 organisation 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 reconstruction exercise in 2005 and the listing of new shares the year after.[2][3]
On 26 May 2010, the Berjaya Group Berhad was added to the Morgan Stanley Capital International (MSCI) Malaysia Index.
On 23 February 2012, the company's chairman, Vincent Tan, decided to step down from his position, passing it to his son, Robin Tan.[4]
Subsidiaries
Some of the subsidiaries include:[5]
| Company | Type | Principal activities | Incorporated in | Group's Equity Shareholding |
|---|---|---|---|---|
| Academy of Nursing (M) Sdn Bhd | Subsidiary | Education | Malaysia | 51% |
| Berjaya Assets Berhad | Subsidiary | Properties | Malaysia | 21.35% |
| Berjaya Auto Berhad | Subsidiary | Listing vehicle of BerMaz Motor Sdn Bhd | Malaysia | 50.88% |
| Berjaya Education Sdn Bhd | Subsidiary | Education | Malaysia | 60% |
| Berjaya Food Berhad | Subsidiary | Food | Malaysia | 50.88% |
| 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 | 56.34% |
| Berjaya Sports Toto Berhad | Subsidiary | Trading/Service | Malaysia | 47.69% |
| Cosway Corporation Limited | Subsidiary | Investing Holding Company | Hong Kong and China | 100% |
See also
- Vincent Tan
- Berjaya Times Square
- Berjaya University College of Hospitality
- Berjaya Air
- Berjaya Hills Resort
References
- ↑ "Bursa Malaysia: Berjaya Corporation Berhad". Bursa Malaysia. Retrieved 3 November 2014.
- ↑ "Bursa Malaysia: Announcement". Bursa Malaysia. Retrieved 3 November 2014.
- ↑ "TheStar: Berjaya group close to completing revamp". The Star (Malaysia). 27 June 2005. Retrieved 3 November 2014.
- ↑ "Vincent Tan to retire from Berjaya Corp". The Star. 23 February 2012. Retrieved 7 June 2012.
- ↑ "Bursa Malaysia: PROPOSED RENEWAL OF AND NEW SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE" (PDF). Bursa Malaysia. 18 September 2014. Archived from the original (PDF) on 14 December 2014. Retrieved 31 October 2014.