Last updated on August 23, 2025
KUALA LUMPUR: Tan Sri Vincent Tan Chee Yioun has increased his direct ownership in Berjaya Food Bhd (BFood) to over five per cent after acquiring 31.5 million shares in a single transaction on Aug 12, according to the company’s latest Bursa Malaysia filing.
On that day, BFood’s shares closed at 29.5 sen, up from 28.5 sen the previous day. Based on this price range, the purchase is valued between RM8.98 million and RM9.29 million. The filing did not specify whether the acquisition took place on the open market or via a private deal.
This move raises Tan’s direct holdings from 3.62 per cent to 95.63 million shares, or 5.40 per cent. His indirect stake, held through Berjaya Corp Bhd (BCorp) and affiliated entities, remains at 1.13 billion shares, or 63.58 per cent. Combined, his direct and indirect interests now total about 1.22 billion shares, representing roughly 69 per cent of BFood.
The acquisition comes less than a month after Tan returned to BFood’s list of substantial shareholders on July 17, when he directly held 64.13 million shares in addition to his unchanged indirect stake.
Tan ceased to be a substantial shareholder in January 2023 after his combined holdings fell below five per cent, following a shareholding restructuring within BCorp and its subsidiaries.
BFood — the food and beverage arm of BCorp founded by Tan — operates Starbucks and Kenny Rogers Roasters in Malaysia, along with other dining brands.
The stock opened the year at 34.5 sen, peaking at 45.5 sen and dipping to a low of 27.5 sen. As of now, it has declined 5.5 sen, or 15.9 per cent, year to date.
For the third quarter ended March 31, BFood’s net loss widened to RM37.19 million from RM29.76 million a year earlier. The company cited weaker performance from Kenny Rogers Roasters and pre-opening costs for overseas ventures, which offset savings from store rationalisation.
Revenue dropped 18.1 per cent to RM113.58 million due to fewer outlets in operation. Management also noted that dampened consumer sentiment, partly influenced by the Middle East conflict, further weighed on sales.
