HomeNewsMalaysiaBerjaya to sell Sports Toto business in corporate overhaul

Berjaya to sell Sports Toto business in corporate overhaul

July 15, 2021

Malaysia’s diversified Berjaya Corp. said it plans to sell its Berjaya Sports Toto number forecasting business as part of a corporate overhaul.

The company wants to shed the business as it’s in a highly regulated market, CEO Abdul Jalil Abdul Rasheed was reported as saying on a virtual conference.

He added Berjaya is not in a hurry to sell as the unit produces good dividends, but will carry out the sale when the price is right.

The Edge Markets

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