Berjaya plans to list food units by year-end

Malaysia conglomerate, Berjaya Corporation Bhd (BCorp), plans to list Berjaya Roasters (M) Sdn Bhd and Berjaya Pizza Company Sdn Bhd by year-end.

Chairman and Chief Executive Officer, Tan Sri Vincent Tan said both companies would be listed through Berjaya Food Bhd.

"After Berjaya Retail Bhd (B-Retail), we want to list Berjaya Food this year," he told reporters on the sidelines of the launch of B-Retail's prospectus, today.

B-Retail, which owns 7-Eleven Malaysia Sdn Bhd and Singer (Malaysia) Sdn Bhd, is scheduled for listing on the Main Board of Bursa Malaysia in mid-August this year.
Berjaya Roasters is the operator of the Kenny Rogers Roasters chain of restaurants while Berjaya Pizza operates Papa John’s restaurants.

On BCorp's plan to develop BYD Auto's F0 right-hand drive one-litre model for the Malaysian and the Asean markets, Tan said the group had submitted an appeal to the relevent Malaysian authority.

"We are still awaiting the approval," he added.

BCorp and Chinese auto maker, BYD Co Ltd, had in February this year signed a memorandum of understanding (MoU) to develop BYD Auto's F0 model.

However, the group's proposal did not meet the criteria set by the government.

In the revision of the National Automotive Policy (NAP),

Malaysia lifted a freeze on car manufacturing licences, but only for models above 1.8 litres.

International Trade and Industry Deputy Minister Datuk Mukhriz Mahathir has said that the NAP is very clear and there was no exception to the requirement of above the 1.8-litre capacity.

Meanwhile, asked if Ascot Sports Sdn Bhd was making losses after the government decided not to issue the licence for sports betting, Tan said: "It is very long answer. But, I am not in the mood to give any answer now." - Bernama