Berjaya Corp acquires 98% stake in Just KPop
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Berjaya Corp Bhd’s (BCorp) wholly-owned subsidiary Berjaya HR Café Ltd has acquired 98% equity interest in South Korea’s Just KPop Ltd (JKP), for KRW98 million(RM354,172).
The group told the stock exchange that following the subscription of 19,600 common stocks at par value of KRW5,000 (RM17.87) each, JKP has now become a 98%-owned subsidiary of BCorp.
JKP, which has not commenced operations, is intended to carry out food and beverages businesses and restaurants as its principal activities.
It was incorporated in South Korea under the Korean Commercial Act with an issued share capital of KRW100 million (RM357,473.68) comprising 20,000 common stocks at KRW5,000 each.
Questions & Answers
Q.What business activities will Just KPop undertake after the acquisition?
What business activities will Just KPop undertake after the acquisition?
Just KPop is intended to carry out food and beverage businesses and restaurants as its principal activities. It has not commenced operations yet, but these will be its main focus.
Q.How much did Berjaya Corp pay for the 98% stake in Just KPop?
How much did Berjaya Corp pay for the 98% stake in Just KPop?
Berjaya HR Café Ltd, a subsidiary of Berjaya Corp, acquired the 98% equity interest in Just KPop for KRW98 million, which is equivalent to RM354,172.
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