KUALA LUMPUR – Berjaya Corp Bhd’s (BCorp) CEO Abdul Jalil Abdul Rasheed has reportedly disposed of some 15 million shares in the conglomerate.
The exercise has thus trimmed his direct stake to 3.318% or 171.57 million shares, The Edge reported.
According to the group’s bourse filing yesterday, the disposal took place via direct business transaction on Wednesday (March 16).
According to Bloomberg data, Jalil previously held – as at October 1, 2021 – 186.57 million shares, representing a 3.61% stake in BCorp.
Quoting several sources, The Edge had prior to this reported that Jalil will be stepping down from his post to pursue personal interests.
In his Twitter account, Jalil wrote: “Kids told me they liked having me at home, and I’m calmer and nicer. Sometimes we get too caught up and miss the important things in life. Today I picked them up from school. Something I did frequently in Singapore but not so much here.”
Kids told me they liked having me at home, and I’m calmer and nicer. Sometimes we get too caught up and miss the important things in life. Today I picked them up from school. Something I did frequently in Singapore but not so much here.
— Jalil Rasheed (@jalilword) March 18, 2022
Jalil was appointed to helm the group on March 16 last year and is the first non-family member to run Tan Sri Vincent Tan’s business empire.
Meanwhile, Tan, on Wednesday, was also reported to have bought 15 million shares in the group via direct business transaction.
The BCorp founder now directly holds 1.17 billion shares or 22.603% in the group. He also holds 994.8 million shares or 19.238% indirect shares.
For the six months ended December 31, 2021, BCorp reported a net profit of RM41.7 million against a net loss of RM108.66 million a year earlier, despite revenue declining to RM3.44 billion from RM3.88 billion.
BCorp shares closed unchanged at 24 sen yesterday, with a market capitalisation of RM1.3 billion.
The counter has risen 20% from when it was trading at 20 sen apiece on March 19, 2021. – The Vibes, March 19, 2022
