Key facts
- Vincent Tan sold 115 million ringgit ($29 million) of Berjaya Corp. Bhd. shares.
- Tan's stake in Berjaya Corp. has been reduced to about 15%.
- The sale is part of a series of disposals by Tan.
Malaysian tycoon Vincent Tan has sold shares valued at 115 million ringgit, equivalent to approximately $29 million, in his conglomerate Berjaya Corp. Bhd. This transaction is part of an ongoing series of asset sales that have significantly reduced his ownership in the company. Following these disposals, Tan's holding in Berjaya Corp. now stands at around 15% of the total shares.