BCorp plans to buy stake in BLand

KUALA LUMPUR: Berjaya Corp Bhd (BCorp) is proposing to buy 230 million shares, or a 4.61 per cent stake, in Berjaya Land Bhd (BLand) for RM87.4 million. BCorp said in a Bursa Malaysia filing yesterday the proposed acquisition would enable the group to consolidate the results of BLand and provide an opportunity for BCorp to capitalise on the companies’ potential. It said the acquisition would eliminate any possible decrease in the price of BLand shares should the shares be disposed of in the open market.