Berjaya Media disposes of 11.26m shares in BCorp

by TMR

Berjaya Media Bhd (BMedia) and its wholly-owned subsidiary, Gemtech (M) Sdn Bhd, have sold 11.26 million ordinary shares or about 0.23% equity interest in Berjaya Corp Bhd (BCorp) for RM3.04 million cash. In an exchange filing Monday, BMedia noted and its subsidiaries now hold a total of 40.88 million BCorp shares or 0.84% equity in the conglomerate. The disposals in the secondary market were transacted at and average price of 27 sen. The cash raised will be used for working capital of the group it added. 

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