KUALA LUMPUR (May 12): Berjaya Corporation Bhd will commence negotiations for a business cooperation contract with Vietlott, a wholly-owned subsidiary of the Ministry of Finance, Vietnam, for the implementation of a computerised lottery system in Vietnam.
Under the contract, Berjaya Corporation will undertake the investment, procurement, installation of equipment and operation of a computerised lottery system for the whole of Vietnam.
“Berjaya Corporation will undertake the Vietnam Lottery Business via Berjaya Gia Thinh Investment Technology Company Limited (Berjaya GTI), a company incorporated in Vietnam,” said the group.
Berjaya GTI is 51% owned by Berjaya Lottery Vietnam Ltd, which is 80% owned by Berjaya Corporation and 20% owned by Berjaya Sports Toto Bhd.
The group did not state the value of the business cooperation contract in its announcement to the exchange.