BCorp surges 18% on appointment of Abdul Jalil Rasheed as group CEO

KUALA LUMPUR: Shares in Berjaya Corporation Bhd (BCorp) jumped 17.95% to hit an intra-day high of 23 sen on Wednesday following the appointment of former president and group chief executive officer (CEO) of Permodalan Nasional Bhd (PNB) Abdul Jalil Abdul Rasheed (pix) as its new group CEO.

The counter closed at 21 sen with 186.4 million shares changing hands, making it among top 10 active counters on Bursa Malaysia.

BCorp, in a statement on Tuesday, said Abdul Jalil’s mandate would be to re-look at its corporate structure, optimise financial and human resources, improve synergies and efficiency, and enhance corporate governance and transparency.

He is also entrusted to streamline the various group businesses to create and enhance shareholder value, as well as to transform BCorp into a high-performing organisation.

Abdul Jalil brings with him 18 years of investment and business leadership experience, having worked in the United Kingdom, the United States, Malaysia and Singapore with global investment firms, Aberdeen Standard Investments and Invesco Ltd. — Bernama