SOCSO Increases Interest, Gathers Over 5% Shares Of Berjaya Food - Kakiforex.com - Financial Market Media No. 1 in the World SOCSO Increases Interest, Gathers Over 5% Shares Of Berjaya Food SOCSO Increases Interest, Gathers Over 5% Shares Of Berjaya Food
InstaForex

September 7, 2021

SOCSO Increases Interest, Gathers Over 5% Shares Of Berjaya Food

 Social Security Growth (SOCSO) is listed as one of the major shareholders of Berjaya Food Bhd (BFood) by increasing the company's stake to 5.03%.


Following that, SOCSO received a total of 16 million units of shares on September 2 through a direct agreement and to date it has accumulated 18 million units of shares in BFood.


The acquisition is also possible after there was one of the possible deals with Berjaya Group founder Tan Sri Vincent Tan Chee Yioun.



According to the data released, the millionaire had sold 12 million units of shares in BFood on the same day yet Tan still maintained a 62% direct and indirect stake in BFood.


In August, BFood posted its highest net profit in 7 financial years and declared a dividend of one cent per share to reward shareholders.


Looking at the annual report, the company showed its best performance in fiscal year 2021 from fiscal year 2015 where it has recorded a net profit of RM177.57 million.


As at 2.30pm local time, BFood's share price had declined 0.49% to RM2.04, accumulating a market capitalization of RM785.18 million.