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KUALA LUMPUR (Jan 15): Berjaya Land Bhd (KL:BJLAND) said it is proposing to change its name to Berjaya Property Bhd.
In a bourse filing, the company said the proposed new name had been approved and reserved by the Companies Commission of Malaysia on Dec 23.
The name change is subject to shareholder approval at an extraordinary general meeting, Berjaya Land said, adding that a circular detailing the proposal will be issued in due course.
Berjaya Land is controlled by tycoon Tan Sri Vincent Tan, founder of the Berjaya Group. The group’s core activities include gaming, hotels and resorts, recreational development and vacation timeshare, property investment and development, and luxury motor retailing.
The company returned to the black in the first quarter ended Sept 30, 2025 (1QFY2026), posting a net profit of RM5.53 million, up from RM2.77 million a year earlier, supported by higher contributions from its hotels and resorts segment, as well as its property development and investment segment.
Profit, however, was partially offset by lower contributions from number forecast operations under STM Lottery Sdn Bhd, mainly due to higher prize payouts and weaker net investment-related income.
Revenue rose 7% year-on-year to RM1.88 billion from RM1.77 billion.
Shares in Berjaya Land closed unchanged at 26 sen on Thursday, valuing the group at RM1.3 billion.
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