Berjaya Times Square Disposes RM8.95 Mln Worth Of Berjaya Corp Shares
Berjaya Assets Bhd’s unit Berjaya Times Square Sdn Bhd (BTSSB) has disposed RM8.95 million worth of Berjaya Corporation Bhd’s shares.
Between Dec 31, 2009, and January 2010, BTSSB has disposed 6.73 million ordinary shares of RM1 each for RM8.95 million or at an average selling price of RM1.33, Berjaya Assets said in a statement Monday.
"The disposed shares represents approximately 0.18 per cent of the total issued and paid-up share capital of Berjaya Corporation comprising 3,839,880,002 ordinary shares of RM1 at Jan 25, 2010," it said.
The total cost of investment of BTSSB pursuant to the disposal is RM1.82 million and the gross proceeds from the disposal had been utilised to repay bank borrowings of BTSSB, it added.
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