Sultan of Johor now second largest individual shareholder of Berjaya Assets

PETALING JAYA: His Majesty Sultan Ibrahim Sultan Iskandar of Johor ( pix) has emerged as the second largest individual shareholder of Berjaya Assets Bhd (BAssets) with a 10.09% stake.

This comes after the acquisition of 80 million shares on Sept 27, increasing his total number of shares in the company to 120 million.

“I am very pleased that DYMM Sultan Ibrahim has increased his stake in BAssets. This demonstrates His Majesty’s positive outlook for BAssets’ long-term future. His Majesty’s stature as the second largest substantial shareholder will definitely augur well for BAssets in the expansion of its businesses,” said BAssets’ largest shareholder, Tan Sri Vincent Tan.

BAssets Group is the major owner of Berjaya Times Square, one of Malaysia’s largest retail and commercial malls which houses Berjaya Times Square Theme Park, the largest indoor theme park in Malaysia. In Johor Baru, the group owns the Berjaya Waterfront Hotel, Shopping Complex and Ferry Terminal, as well as office units at Menara MSC Cyberport.

Through its 100% owned subsidiary, Berjaya Assets Food (BAF) Sdn Bhd, Berjaya Assets obtained a licence agreement with Greyhound Café Co Ltd for exclusive rights to establish and operate cafes under the trademark ‘Greyhound Café’ in Malaysia.

The first Greyhound Café restaurant is located at ANSA Kuala Lumpur and the second restaurant was recently opened in Mid Valley Megamall Kuala Lumpur.