Berjaya Assets Berhad (BAssets) has divested an array of equity stakes in its sister companies to its major shareholder, Tan Sri Vincent Tan Chee Yioun, for a total cash consideration of RM20.00 million via direct business transactions.
The disposal, executed on June 15, 2026, allows the property development and gaming group to monetize a portion of its long-term investment holdings to generate cash for active real estate projects.
The off-market block trade was executed through BAssets’ wholly owned subsidiaries, Berjaya Bright Sdn Bhd and Berjaya Times Square Sdn Bhd. The pricing was closely pegged to prevailing market values.
Following the disposal, BAssets Group’s remaining equity footprint in BCorporation drops from 2.39% to 1.39%, while its holding in BProperty is scaled back from 0.75% to 0.27%.
The shares were carried on BAssets’ books as long-term assets held since April 2007, valued at RM0.245 per share for BCorporation and RM0.255 per share for BProperty as of May 31, 2026.
