BERJAYA means SUCCESS inBahasa Malaysia. The intertwining B’s represent our strong foundation and theconstant synergy taking place within the Berjaya Corporation group ofcompanies. Each B faces a different direction, describe the different strengthsof the companies that build up the Berjaya Corporation group of companies. In 1984, Vincent Tan Chee Yioun, the only sole founder,acquired a major control stake in the Berjaya Industrial Berhad from thefounders Broken Hill, Australia and National Iron & Steel Mills, Singapore.A major change in the business and direction has resulted from the shareholdingchange. So, when Vincent Tan take place Berjaya Corporation Berhad, he make thecompany diversify in various types of industries.
Following a major restructuring, Berjaya Group Berhad (then known as Inter-Pacific Industrial Group Berhad) became the holding companyof Reka Pacific Berhad in October 1988. Inter-Pacific Industrial Group Berhad wasmerged in 1967 as a bicycle manufacturer. In 1969, the company gained officiallisting on Bursa Malaysia Securities Berhad. Through the 1990s and 2000s, Vincent Tan built Berjaya throughacquisitions and franchises. In 1993 he bought a successful direct-sellingmarketing company, named Cosway Malaysia. He went on to open franchisesfor many big-name chains, including Starbucks Coffee in 1998, Wendy’srestaurants in 2007, Krispy Kreme Doughnuts in 2008, and also Papa John’s Pizzain 2008. While in food service industry, Vincent is the master of franchiseholder for Kenny Rogers Roasters’ restaurants around the world, with almostover 300 restaurants. The Berjaya Group alsoexpanded to property development and investment.
It entered into countriesthat have multitudinous joint ventures such as Vietnam, China, South Korea, andThailand. It aims is to undertake various property, infrastructure, hotel, andresort projects. A five-star hotels with offering over 4,000 rooms in citiesand tropical island resorts in Malaysia and abroad has been owned and operatedby the Berjaya Group. In 2008, Berjaya expanded it businesses into education byopening Berjaya University College of Hospitality.
This college becomeMalaysia’s first university college of specializing in Hospitality, Tourism,and Services education. Finally, branch of Berjaya started to appear atPhilippines, Thailand, Singapore, England, Hong Kong, Canada, Mexico and other country. On the other hand, Vincent Tan also intendto explores a number of businesses in Vietnam. He plans to develop business inVietnam as Berjaya has several lands in Vietnam. Upon the completion of thegroup reconstruction exercise in 2005, Berjaya Corporation Berhad assumed thelisting status of Berjaya Group Berhad on the Main Board of Bursa Securities With a total employee strength of14,000, the Group is diversified entity engaged in the following corebusinesses:I. Consumer Marketing, DirectSelling & RetailII. Financial ServicesIII. Hotels, Resorts, VacationTimeshare & Recreation DevelopmentIV.
Property Investment andDevelopmentV. Gaming & LotteryManagementVI. Environmental Services andClean Technology InvestmentVII. Motor Trading and DistributionVIII. Food & Beverage andIX.
Telecommunications andInformation Technology-related Services and Products Furthermore,Berjaya is also involved in financial services, media, motor vehicledistribution, and the environmental sanitary landfill business. Vincenttransformed the company into a diversified conglomerate listed on BursaMalaysia. Vincent has holdings in Internet-related businesses, water utilities,broadcasting, and telecommunications when outside the company. Today,Berjaya and his other private businesses have employ more than 30,000 employeesand have combined revenues of over RM 27 billion ($8.
18 billion) worldwide. His successful in business has resulted in attaining a net worth of $1.2billion and this make Tan Sri Vincent Tan the 14th richest person in Malaysia.
Berjaya Group Berhad was added to the Morgan Stanley CapitalInternational (MSCI) Malaysia Indexon 26 May 2010. While on 23 February 2012, chairman of Berjaya, Vincent Tan, decidedto pass his position, to his son, Robin Tan.