Vincent Tan's Berjaya Retail to be listed on Bursa Malaysia Soon?

Berjaya Corp: Vincent Tan seeks other funding avenues Following his donation of RM525m from the sale of his stake in Ascot Sports Sdn Bhd, Tan Sri Vincent Tan will look for other avenues to fund his portion of the loan stocks to be issued by Berjaya Corp Bhd for the purchase of the sports betting company. One possibility is via the listing of Berjaya Retail Bhd (BRetail) where he owns 100% of 7-Eleven Malaysia Sdn Bhd. The proposal has been submitted and the listing is expected soon. There are plans for the sale of Singer Sdn Bhd and 7-Eleven Malaysia Sdn Bhd to BRetail for RM360m and RM600m respectively through issuance of new irredeemable convertible preference shares. (StarBiz). 

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