KUALA LUMPUR: Berjaya Corp Bhd (BCorp) and its founder, Tan Sri Vincent Tan, may list five companies this year, mostly in Singapore, to raise over RM2 billion, sources said.
BCorp will look to list Sports Toto Malaysia Trust (STM-Trust) and Bermaz Motor Sdn Bhd while Tan is likely to float his private vehicles, namely 7-Eleven Malaysia Bhd, MOL Global Bhd and U-Mobile Sdn Bhd.
The move is part of plans is to unlock the value of the assets and fund local and overseas expansion, sources said.
Last Tuesday, BCorp said it is listing its 75.40 per cent-owned Bermaz Motor on Bursa Malaysia's Main Market via Berjaya Auto Bhd. Bermaz is the local distributor of Mazda vehicles.
Cash-generating Berjaya Sports Toto Bhd (BToto), a unit of BCorp, has also obtained approval to list STM-Trust, its number forecast operation in Singapore, in the current quarter.
Under the proposed listing, BToto plans to raise over RM1 billion, which will be paid out to shareholders. STM-Trust plans to declare dividends based on cash flow instead of distributable profits.
BToto's executive director Freddie Pang had said the listing of STM-Trust in Singapore is to gain access to a bigger pool of international investors whose portfolios will not be required to be syariah-compliant.
For 3G service provider MOL Global, Tan told Business Times last year that he is planning a relisting in Singapore to strengthen the company's international presence.
MOL now operates in Malaysia, Singapore, Indonesia, the Philippines, Thailand and India and is making inroads into Turkey, Brazil and Vietnam.
He also said the relisting of 7-Eleven, the country's largest 24-hour convenience store operator, will happen this year on Bursa Malaysia's Main Market.
7-Eleven is a unit of Berjaya Retail Bhd, which was listed on Bursa Malaysia in 2010 but taken private in 2011 after a company linked to Tan made an unconditional takeover offer.
The listings of 7-Eleven, MOL and U-Mobile are part of the billionaire's pledge to donate half of his wealth to charity during his lifetime, and also to reduce group borrowings.
Forbes Magazine last week estimated Tan's net worth at around US$1.2 billion (RM3.7 billion).
Analysts said the listing of U-Mobile, which was scheduled for last year, is to fund its network expansion.
Tan, who relinquished BCorp chairmanship last year, founded Berjaya Group some three decades ago. His eldest son, Datuk Robin Tan, is now the group chairman and chief executive officer.