Vincent Tan sold a combined 461.65 million shares in Berjaya Corporation on May 28, 2026. The transactions occurred in seven tranches via direct business sales and nominee accounts, including Alliancegroup Nominees, MBSB Investment Nominees, TA Nominees, Kenanga Nominees, and CGS International Nominees Malaysia [1, 2, 3].
Following these disposals, Tan’s total ownership in Berjaya Corporation stands at approximately 15%, comprising about 4.1% direct stake and 11% deemed interest [1, 2, 3]. Berjaya Corporation itself has around 5.9 to 5.95 billion shares outstanding [1, 2].
Due to the reduction in his deemed interest below 5%, Vincent Tan ceased to be a substantial shareholder in six listed companies: Salcon Bhd, REDtone Digital Bhd, Berjaya Property Bhd, Atlan Holdings Bhd, Sports Toto Bhd, and Theta Edge Bhd [1, 2, 3]. Despite this, Berjaya Corporation remains a substantial shareholder in all six firms [1, 3].
Tan still holds and remains a substantial shareholder in 7-Eleven Malaysia Holdings Bhd, Berjaya Food Bhd, and Berjaya Assets Bhd, though his stakes there have also been reduced [1, 2, 3].
The May 28 share sales by Tan had a combined value of RM115 million [2, 3]. On June 3, 2026, Berjaya Corporation’s shares closed at 24.5 sen on Bursa Malaysia, giving it a market value of about RM1.49 billion. The share price has dropped 14% year to date [1, 3].
Bursa Malaysia filings on June 3 announced Tan’s reduced stakes and loss of substantial shareholder status in the six firms but confirmed his ongoing holdings in others [1, 2].
