Berjaya Corporation Berhad had during the period from 26 September 2023 to 27 October 2023 acquired in aggregate about 37.25 million ordinary shares representing about 2.12% equity interest in Berjaya Food Berhad via a direct business transaction and in the open market for a total cash consideration of about RM26.59 million or at an average purchase price of about RM0.714 per BFood Share.
Following the Acquisitions, BCorporation and its subsidiaries now hold a total of about 1,007.52 million BFood Shares representing about 57.43% equity interest in BFood.
The Acquisitions were funded from borrowings. There is no liability to be assumed by the BCorporation Group arising from the Acquisitions. The Acquisitions enabled the BCorporation Group to increase its stake in BFood.
