Johor Sultan has become the second largest shareholder in yet another company

Sultan Ibrahim Sultan Iskandar is now the second largest individual shareholder of Berjaya Assets Bhd – with a 10.09% stake.

As reported in The Star, this follows his acquisition of 80 million shares in the company, to increase his total shares to 120 million.

The purchase was done through a direct transaction last Wednesday (Sept 27), and is valued at RM93.6 million, based on the day’s closing price of RM1.17.

Berjaya Assets Group is the major owner of Berjaya Times Square, one of Malaysia’s largest retail and commercial malls which houses Malayia’s largest indoor theme park.

In a media statement, Tan Sri Vincent Tan, the company’s largest shareholder, was quoted saying “his Majesty’s stature as the second largest substantial shareholder definitely augurs well for BAssets in the expansion of its businesses”.

In August, the Sultan of Johor emerged as the second largest shareholder in 7-Eleven Malaysia Holdings Bhd.

Since being recognised as as a substantial shareholder in the operator of the country’s largest convenience store chain with an 8.44% stake, he gradually increased his stake in the company to nearly 10% today.