Wednesday, April 13, 2011

#Flash* BToto says not pursuing corporate exercise to seek strategic investor

KUALA LUMPUR: BERJAYA SPORTS TOTO BHD [] says it is currently no longer pursuing a possible corporate exercise which may result in the entry of a strategic investor.

It announced to Bursa Malaysia on Wednesday, April 13 that the board 'has and will continue to manage its business and capital diligently with the aim of creating value and enhancing shareholders returns'.

BToto said it was also mindful of its obligations under the Bursa Malaysia Securities Bhd Main Market Listing Requirements and would make the necessary announcements if one is warranted.

It was commenting on news reports that 'BToto to sell half of its NFO' and 'Tycoon said to be considering selling BToto stake'.

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