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PETALING JAYA: Berjaya Corp Bhd (BCorp) said its board of directors is not aware of any plan to privatise the group’s subsidiary Berjaya Land Bhd, sell Berjaya Sports Toto Bhd, and set up a hospitality real estate investment trust.

The group clarified that the plans are personal idea and strategies of its CEO Abdul Jalil Abdul Rasheed.

It explained that Jalil’s appointment was made to transform BCorp into an institutionalised group, managed by professionals. Jalil was mandated to relook at the BCorp structure and amongst others to improve synergies & efficiency, streamline the various group businesses and to transform BCorp into a high performing organisation.

“Jalil was answering possible permutations as to how he can structure the group to achieve the objectives of the restructuring exercise and the possibility of divesting certain assets during these public investor relations forums.

“The board of directors of BCorp is not aware of and has not deliberated any of the mentioned strategic plans. The directors of BCorp will deliberate on the finalised proposals to be tabled to them for the board’s consideration and decision,“ BCorp said in a stock exchange filing.

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