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Berjaya Corporation Berhad (; formerly known as the Berjaya Group Berhad, Inter-Pacific Industrial Group Berhad and Raleigh Berhad) is a Malaysia-based corporation which controls a wide array of businesses, including consumer
marketing Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emph ...
,
Property development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...
and
investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...
, as well as hotels, resorts and recreation development. It also specialises in gaming and lottery management,
food and beverage The foodservice (US English) or catering (British English) industry includes the businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many ...
, motor trading and distribution, investment on
environmental services Ecosystem services are the many and varied benefits to humans provided by the natural environment and healthy ecosystems. Such ecosystems include, for example, agroecosystems, forest ecosystem, grassland ecosystems, and aquatic ecosystems. Th ...
and clean technology, finally
telecommunication Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...
and
information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system (I ...
-related services and products.


History

Berjaya was previously known as Berjaya Kawat Berhad founded by Broken Hill Proprietary Ltd, Australia and National Iron & Steel Mills, Singapore. In 1984,
Vincent Tan Vincent Tan Chee Yioun (; born 1952) is a Malaysian Chinese businessman and investor. He is the founder of Berjaya Corporation Berhad, a diversified conglomerate listed on the Malaysian stock exchange. Besides holding stakes through the Berj ...
took a stake in Berjaya Industrial Berhad. In 1985, Tan bought 51% of
Sports Toto Sports Toto Malaysia Sdn Bhd is a Malaysian company, which operates in the gambling sector. Founded and incorporated by the Malaysian Government in 1969, it was focused on the commercialisation of 4-Digits–based games. On 1 August 1985, the g ...
from the Malaysian government. He then injected Sports Toto into Berjaya, swapping his shares in Sports Toto for a controlling stake in Berjaya. The shareholding change also resulted in a major change in the business, direction and the dynamic growth of a diversified conglomerate under the flagship of Berjaya Corporation Berhad. In 1988, Tan swapped his shares in Berjaya for control of Raleigh Bhd. (originally a bicycle manufacturer incorporated in 1967 and gained official listing on
Bursa Malaysia Bursa Malaysia is the stock exchange of Malaysia. It is one of the largest bourses in ASEAN. It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It provides a full integration of transactions, offeri ...
in 1969), which was then renamed Inter-Pacific and turned into Berjaya's holding company. It later became known as Reka Pacific Berhad. Under his leadership, Berjaya's pretax profit rose from RM 700,000 in 1984 to RM 70 million in 1989, and RM 342 million in 1998, and exceeding RM 1 billion in some years in the next two decades. Berjaya Corporation Berhad assumed the listing status of Berjaya Group Berhad on the Main Board of Bursa Securities upon the completion of the group restructuring exercise in 2005 and the listing of new shares the year after. Below are the listed subsidiaries under Berjaya Corporation Berhad: * Berjaya Land Berhad * Berjaya Sports Toto Berhad * Berjaya Food Berhad (including Pappa Richi brand) * REDtone Digital Berhad (formerly known as REDtone International Berhad) * Berjaya Philippines Inc. Other assets include: * Ownership of Cardiff City Football Club * Ownership of
FK Sarajevo Fudbalski klub Sarajevo (; English: Sarajevo Football Club) is a professional football club based in Sarajevo, the capital city of Bosnia and Herzegovina and is one of the most successful clubs in the country. Founded on 24 October 1946, FK Sara ...
* Co-Ownership and directorship of Los Angeles FC * Ownership of K.V. Kortrijk


Corporate social responsibility

The Better Malaysia Foundation (BMF) is a subsidiary of the
corporate social responsibility Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethicall ...
program developed by the Berjaya. Chairman of Berjaya Bhd, Vincent Tan is also chairman of BMF. In 2013, in partnership with SOLS 24/7, BMF launched Project 100 aimed at establishing 100 community centres where Malaysians would be able to have access to free education. In 2016, the foundation donated RM1 million to over 39 charities including a RM 50,000 donation to the Generasiku Sayang Negri Selangor organisation, and the Malaysian Sikh Union, which received RM35,000. Tan also donated RM 25.6 million to the BMF via the Berjaya CSR program, earmarked for education and skills training, as well as community-based projects. In 2017, the BMF donated RM500,000 to victims of the Penang flood. Each year, the foundation presents the Better Malaysia Foundation Personality of the Year Award. Past winners include Madenjit Singh, founder of Science of Life Studies 24/7 in 2012, Jane Goodall in 2014, and Dharma Master Cheng Yen for humanitarian work in Malaysia through the Tzu Chi Foundation.


See also

*
Vincent Tan Vincent Tan Chee Yioun (; born 1952) is a Malaysian Chinese businessman and investor. He is the founder of Berjaya Corporation Berhad, a diversified conglomerate listed on the Malaysian stock exchange. Besides holding stakes through the Berj ...


References


External links

* {{Official website, https://www.berjaya.com/ 1984 establishments in Malaysia Companies based in Kuala Lumpur Companies established in 1984 Companies listed on Bursa Malaysia Conglomerate companies of Malaysia