Berjaya Group

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Berjaya Group
Type Public limited company
Industry Consumer Marketing
Property Development & Investment
Resorts
Gaming & Lottery Management
Food and Beverage
Motor
Education
Founded 1984
Headquarters Malaysia
Area served South-East Asia
Key people Vincent Tan (Founder)
Robin Tan (Chairman)
Employees 16,000
Website www.berjaya.com

The Berjaya Group (formerly known as the Inter-Pacific Industrial Group Berhad and Raleigh Berhad; Stylised as BCorp) is a Malaysia-based corporation which controls a wide array of businesses, including resorts, gambling, f&b and property.

On May 26, 2010, the Berjaya Group Berhad was added to the Morgan Stanley Capital International (MSCI) Malaysia Index.

On February 23, 2012, the company's chairman, Vincent Tan, decided to step down from his position, passing it to his son, Robin Tan.[1]

History[edit]

In the year 1984, the company's sole founder, Vincent Tan Chee Yioun, acquired a significant controlling stake in the Berjaya Industrial Berhad (formerly known as Berjaya Kawat Berhad and now known as Reka Pacific Berhad) from the founders Broken Hill, Australia and National Iron & Steel Mills, Singapore. The shareholding change also resulted in a major change in the business, direction and the dynamic growth of a diversified conglomerate under the flagship of Berjaya Corporation Berhad.

In 1988, following a major restructuring, Berjaya Group Berhad became the holding company of Reka Pacific Berhad.

Inter-Pacific Industrial Group Berhad (formerly known as Raleigh Berhad) was founded in 1967 as a manufacturer of bicycles. In 1969, the organization gained official listing on Bursa Malaysia Securities Berhad.

Berjaya Corporation Berhad assumed the listing status of Berjaya Group Berhad on the Main Board of Bursa Securities upon the completion of the group restructuring exercise in 2005 and the listing of new shares the year after.

Subsidiaries[edit]

Some of the subsidiaries include:

Company Type Principal activities Incorporated in Group's Equity Shareholding
Academy of Nursing (M) Sdn Bhd Subsidiary Education Malaysia 51%
Berjaya Education Sdn Bhd Subsidiary Education Malaysia 60%
Berjaya Food Berhad Subsidiary Food Malaysia 74.6%
Berjaya Higher Education Sdn Bhd Subsidiary Education Malaysia 51%
Berjaya International Schools Sdn Bhd Subsidiary Education Malaysia 70%
Berjaya Joy Long Auto Sdn Bhd Subsidiary Distributor of Joylong brand of motor vehicles Malaysia 70%
Berjaya Land Berhad Subsidiary Property Malaysia 55.5%
Bermaz Motor Sdn Bhd Subsidiary Distributor of Mazda passenger vehicles Malaysia 80%
Cosway Corporation Limited Subsidiary Investing Holding Company Hong Kong 100%

See also[edit]

References[edit]

  1. ^ "Vincent Tan to retire from Berjaya Corp". The Star. February 23, 2012. Retrieved June 7, 2012.