KUALA LUMPUR — Oct. 2, 2017: Sultan Ibrahim Sultan Iskandar of Johor is now the second largest individual shareholder in Berjaya Assets Berhad with a 10.09 per cent stake, after acquiring 80 million shares to increase his total to 120 million.
Berjaya Assets Group is the major owner of Berjaya Times Square, one of Malaysia’s largest retail and commercial malls which houses the largest indoor theme park in Malaysia.
In Johor Bahru, the group owns the Berjaya Waterfront Hotel, shopping complex and ferry terminal, as well as office space at Menara MSC Cyberport.
“I am very pleased that Sultan Ibrahim has increased his stake in Berjaya Assets. This demonstrates His Majesty’s positive outlook for Berjaya Assets’ long-term future.
“His Majesty’s stature as the second largest substantial shareholder will definitely augur well for Berjaya Assets in the expansion of its businesses,” Berjaya Assets’ largest shareholder Tan Sri Vincent Tan said in a statement today.
Through its 100 per cent-owned subsidiary, Berjaya Assets Food Sdn. Bhd., Berjaya Assets has obtained a licence agreement with Greyhound Café Co. Ltd. for exclusive rights to operate cafes under the Greyhound Café trademark in Malaysia.
The first such restaurant is at ANSA Kuala Lumpur while the second was recently opened in Mid-Valley Megamall.
Berjaya Assets posted an unaudited revenue of RM356.36 million in the financial year ended last June 30. — Bernama