Berjaya Corporation Bhd (BCorp) announced that the new Chief Executive Officer (CEO), Abdul Jalil Abdul Rasheed took over 70 million shares of the company at a price of 28 sen per share.
BCorp said in a statement yesterday that the acquisition was equivalent to 1.4% of the company's total five billion shares.
"Abdul Jalil's acquisition of equity stake in BCorp demonstrates good corporate governance, he as the group CEO and minority shareholder will act in the interest of the company as well as various stakeholders," he said as reported by Bernama.
Meanwhile, Abdul Jalil said, as a shareholder and CEO of the group, he was able to make changes with the right incentives.
He added that the matter was also a vote of confidence in the company and showed the seriousness in the institutionalization phase that the company was doing.
“I took on the role of CEO of this group to transform BCorp. Based on my experience, a project of this size will get the best achievement when leaders are given incentives and in line with all minority shareholders, ”he explained.
Abdul Jalil was appointed CEO of BCorp on March 16. Previously, he held the position of President and CEO of Permodalan Nasional Bhd (PNB).
