Kuala Lumpur: His Majesty DYMM Sultan Ibrahim of Johor has emerged as the second largest individual shareholder of Berjaya Assets Bhd with a 10.09 per cent stake, after acquiring 80 million shares in the company, increasing his total number of shares in the company to 120 million.
Berjaya Assets’ largest shareholder, Tan Sri Vincent Tan said the acquisition demonstrates His Majesty’s positive outlook for Berjaya Assets’ long-term future.
“I am very pleased that DYMM Sultan Ibrahim has increased his stake in Berjaya Assets,” he said in a statement.
Tan added His Majesty’s stature as the second largest substantial shareholder will augur well for Berjaya Assets in the expansion of its businesses.
Berjaya Assets Group is the major owner of Berjaya Times Square, one of Malaysia’s largest retail and commercial malls which houses Berjaya Times Square Theme Park, 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 units at Menara MSC Cyberport.
Through its 100 per cent owned subsidiary, Berjaya Assets Food (BAF) Sdn Bhd, Berjaya Assets obtained a license agreement with Greyhound Café Co Ltd for exclusive rights to establish and operate cafes under the trademark ‘Greyhound Café’ in Malaysia.
The first Greyhound Café restaurant is located at ANSA Kuala Lumpur and the second restaurant was recently opened in Mid Valley Megamall Kuala Lumpur.