KUALA LUMPUR (Feb 7): Berjaya Assets Bhd (BAssets) said it has acquired a total of 3.55 million shares in Berjaya Food Bhd (BFood), representing a 0.94% equity interest, for RM6.06 million or RM1.71 a share.

Following the acquisitions, BAssets now holds a total of 7.55 million shares or a 2% equity interest in BFood.

BAssets said the purchases, undertaken by its wholly-owned subsidiary Sublime Cartel Sdn Bhd, were made at market prices and funded by internal funds.

It said the acquisitions have no effect on the issued share capital or substantial shareholders’ shareholdings of BAssets as well as its net assets, earnings and gearing for the financial year ending June 30, 2018.

“The board of BAssets is of the opinion that the acquisitions are in the best interest of the BAssets group.

“The audit and risk management committee of BAssets is of the opinion that the acquisitions are fair, reasonable and on normal commercial terms and are in the best interest of the BAssets group,” it said.

BAssets' share price closed unchanged at 41 sen, giving it a market capitalisation of RM1.02 billion.