Danaharta rescues Vincent Tan-CONFIRMATION
Danaharta
Urus S/B , a wholly-owned subsidiary of Danaharta holds 172,350,996 million
Berjaya Group Bhd shares(11.5% of issued shares) on behalf of Vincent Tan Chee
Yiuon.
The evidence is to be found at page 171 of The Berjaya Group Annual
Report 2000, signed by executive chairman Vincent Tan.
A further 8.3
percentage points of Tan's 35% holding in BGroup are held as pledged securities
by variuos nominee companies.
Vincent is said to control 35% of BGroup's
stock.
Given the above, just over 20 percentage points of that holding
is in the hands of the banks.
Another 5% or so held via companies Vincent
is said to control, B&B Enterprises and Lengkap Bahagia is similliarly held.
The
shareholdings are as at 18 September 2000. Since then, Berjaya shares have
fallen in value, and presently trade at around 30 sen.
Danaharta Urus is
obviusly holding the shares as a result of having assumed both a non-performing
loan/s and the collateral. However, given Danaharta secrecy, the loan amount
cannot be confirmed.
It is however on public record that Danaharta had
assumed somewhere between RM 20-60 million, borrowed by Vincent's Sun Media
Group S/B . Evidence can be found in the Gemtech
Bhd announcement to the KLSE
on its proposed acquisition of Sun Media.Vincent owns 60% of Sun MEdia, while
Berjaya Group and BToto own another 25%.
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