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BERJAYA Retail 50% Dividend Policy

Corp: Plans separate listings for retail, food ops. According to chairman and CEO Tan Sri Vincent Tan, Berjaya Corp Bhd (BCorp) is planning separate listings of its retail and food businesses. Berjaya Retail (BRetail) would announce a 50% dividend payout policy, coupled with a 5-year growth plan for more 7-Eleven and Singer outlets. After BRetail, BCorp is targeting to list Berjaya Food Bhd, which holds the Kenny Rogers Roasters and Papa John restaurant chains, by the end of this year.
(Source: Business Times, The Edge Financial Daily)