KUALA LUMPUR, Sept 18 — Berjaya Corporation Bhd (BCorp) today announced that the proposed listing of its unit, Bermaz Motor Sdn Bhd via Berjaya Auto Bhd on the main market of Bursa Malaysia has been approved.
Bermaz Motor is a 75.4 per cent-owned unit of BCorp.
The exchange has approved the quotation of the entire enlarged issued and paid-up ordinary share capital of Berjaya Auto of up to RM401.38 million comprising up to 802.763 million new ordinary shares of 50 sen each, BCorp said in a circular to Bursa Malaysia.
It said the exchange also approved the additional listing of up to five per cent of the total issued and paid-up share capital of Berjaya Auto to be issued pursuant to the exercise of options under the proposed employees’ share option scheme.
Prior to the listing, Berjaya Auto will acquire a 100 per cent equity interest in Bermaz Motor. — Bernama
