KUALA LUMPUR (May 12): Berjaya Corporation Bhd will commence negotiations for a business cooperation contract with Vietlott, a wholly-owned subsidiary of the Ministry of Finance, Vietnam, for the implementation of a computerised lottery system in Vietnam.
Under the contract, Berjaya Corporation will undertake the investment, procurement, installation of equipment and operation of a computerised lottery system for the whole of Vietnam.
“Berjaya Corporation will undertake the Vietnam Lottery Business via Berjaya Gia Thinh Investment Technology Company Limited (Berjaya GTI), a company incorporated in Vietnam,” said the group.
Berjaya GTI is 51% owned by Berjaya Lottery Vietnam Ltd, which is 80% owned by Berjaya Corporation and 20% owned by Berjaya Sports Toto Bhd.
The group did not state the value of the business cooperation contract in its announcement to the exchange.
Written by Ahmad Naqib Idris Adzman Shah of theedgemalaysia.com
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