Jalil Rasheed Clarifies BCorp’s Core And Non-Core Business

Berjaya Corporation Group CEO Jalil Rasheed.

Berjaya Corporation Bhd’s (BCorp) chief executive Jalil Rasheed has identified Retail (NonFood &Food), Property, Hospitality, and Services (Digital, Gaming, Financial Services & Environment) as its core business.

He clarified on Twitter that BCorp is an investment holding which owns other companies. We don’t operate any companies from BCorp level. All our companies have their own Boards and management who take care of daily operations

He said that BCorp’s corporate office function where he sits is responsible for monitoring the performance of companies, capital allocation & new investments while all the companies must follow their own culture and process

His tweet comes 10 months into the role at Berjaya Corp (BCorp), where got many questions about the businesses, some of which It does not own.

He said that he thought of explaining through tweets what the BCorp owns, how Group looks like now, and how it’ll look like in the future.

On what BCorp does not own, he says that it does now own Berjaya Times Square owned by Berjaya Assets Bhd which is separately listed, 7-11 and Caring owned separately and listed, Football Clubs- Cardiff, KVK &Sarajevo and U-Mobile.

Previous articleFTSE BM KLCI Dips 12.59 Points, -0.82% to 1530.33
Next articleKIP REIT Reports 3.5% Increase In Q2 Property Income


Please enter your comment!
Please enter your name here