KUALA LUMPUR – Shares in Berjaya Corporation Bhd (BCorp) jumped 17% following the appointment of former president and group chief executive of Permodalan Nasional Bhd (PNB) Jalil Rasheed as its new group CEO.
At 11.25am, the stocks increased three sen to 21 sen, making it among top 10 active counters on Bursa Malaysia.
About 153.5 million shares of the industrial product and services counter changed hands.
BCorp, in a statement yesterday, said Jalil’s mandate would be to take another look at its corporate structure, optimise financial and human resources, improve synergies and efficiency, and enhance corporate governance and transparency.
He is also entrusted with streamlining the various group businesses to create and enhance shareholder value, as well as to transform BCorp into a high-performing organisation.
Jalil brings with him 18 years of investment and business leadership experience, having worked in the United Kingdom, the United States, Malaysia, and Singapore with global investment firms: Aberdeen Standard Investments and Invesco Ltd. – Bernama, March 17, 2021
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