Berjaya-owned Sun spotlights sports betting

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Of late, the Berjaya-owned Sun newspaper has been highlighting the issue of sports betting and illegal betting syndicates. It’s news coverage, however, should be seen in the light of who owns the free tabloid.

On 15 June, the paper front-paged Mahathir’s dismissal of opposition protests on the issue with the headline “It’s all politics”.

The following day, the paper wheeled out ex-Magnum director and former Anwar ally S Nallukarupan with the headline “Anwar’s ploy”. Nalla lashed out at Anwar, saying “the issue has been manipulated by PKR for political mileage”. Keshwinder’s defection was sidelined to the left-hand column of the front-page.

Today’s Sun frontpages the arrests of 10 people for running illegal online betting on World Cup football matches.

The Sun is published by Berjaya Media Berhad, which is owned by Vincent Tan/Berjaya.

On April 1, Vincent Tan handed over the reins of Berjaya Media to his son Robin, who took over as Chairman and Director.

Vincent Tan’s direct (40 per cent) and indirect holding (30 per cent) in Berjaya Media stood at 70 per cent as of 4 May.

Both father and son were shareholders of Ascot, until Berjaya Corp announced a move to acquire Vincent’s 70 per cent stake. Ascot was in the news lately after Berjaya announced that the Finance Ministry had approved a sports betting licence subject to terms and condition – though the government later denied the licence had been issued.

Changes in Substantial Shareholder’s Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No BM-100503-59928
Company Name
:
BERJAYA MEDIA BERHAD
Stock Name
:
BJMEDIA
Date Announced
:
04/05/2010

Name
:
Tan Sri Dato’ Seri Vincent Tan Chee Yioun
Address
:

28, Jalan Bukit Seputeh, Seputeh Heights, Taman Seputeh, 58000 Kuala Lumpur.
NRIC/Passport No/Company No.

:
520223-01-5779
Nationality/Country of incorporation

:
Malaysian
Descriptions
(Class & nominal value)

:

Ordinary Shares of RM0.80 each
Name & address
of registered
holder

:

Berjaya Sompo Insurance Berhad- 18th Floor, Menara BGI, Plaza Berjaya, 12, Jalan Imbi, 55100 Kuala Lumpur

Details of changes
Currency

:
Malaysian Ringgit (MYR)

Type of transaction

Date of change

No of securities

Price Transacted ($$)
Acquired

30/04/2010

4,500,000

Circumstances
by reason of which change has occurred

:

Deemed Interest
– Acquisition of shares via married deal.
Nature of
interest

:

Deemed Interest
Direct (units)
:
93,875,482
Direct (%)
:
40.31
Indirect/deemed interest (units)

:
69,531,444
Indirect/deemed interest (%)

:
29.86
Total no of securities after change

:
163,406,926
Date of notice
:
30/04/2010

Remarks
Indirect Shareholdings
————————————-
No. of Shares
———————
1) B&B Enterprise Sdn Bhd 681,900
2) HQZ Credit Sdn Bhd 554,700
3) Lengkap Bahagia Sdn Bhd 360,000
4) Nautilus Corporation Sdn Bhd 3,300
5) Hotel Resort Enterprise Sdn Bhd 17,017,200
6) Nostalgia Kiara Sdn Bhd 900,000
7) Berjaya Assets Berhad 31,200
8) Berjaya Times Square Sdn Bhd 595,600
9 Sublime Cartel Sdn Bhd 970,000
10) Premier Merchandise Sdn Bhd 2,256,800
11) Desiran Unggul Sdn Bhd 23,700
12) Superior Structure Sdn Bhd 3,652,400
13) Berjaya Hills Berhad 2,142,238
14) Berjaya Sompo Insurance Berhad 11,289,238
15) Prime Credit Leasing Sdn Bhd 18,850,308
16) Regnis Industries (Malaysia) Sdn Bhd 5,478,451
17) Feab Properties Sdn Bhd 4,724,409
——————
69,531,444
==========

© 2010, Bursa Malaysia Berhad. All Rights Reserved.

———-

Change in Boardroom
Reference No BM-100325-52721

Company Name
:
BERJAYA MEDIA BERHAD
Stock Name
:
BJMEDIA
Date Announced
:
01/04/2010

Date of change
:
01/04/2010
Type of change
:
Appointment
Designation
:
Chairman & Director
Directorate
:
Non Independent & Non Executive
Name
:
Dato’ Robin Tan Yeong Ching
Age
:
35
Nationality
:
Malaysian
Qualifications
:

Bachelor of Social Science degree in Accounting/Law from University of Southampton, United Kingdom
Working experience and occupation
:

He joined Berjaya Group Berhad in 1995 as an Executive and subsequently became the General Manager, Corporate Affairs in 1997. Currently, he is the Chief Executive Officer of Berjaya Sports Toto Berhad and an Executive Director of Berjaya Corporation Berhad and Sports Toto Malaysia Sdn Bhd. He is also a Director of Qinetics Solutions Berhad, Berjaya Sompo Insurance Berhad, Berjaya Hills Berhad, KDE Recreation Berhad, TMC Life Sciences Berhad and the Chairman of MOL.Com Berhad.
Directorship of public companies (if any)
:

1) Berjaya Corporation Berhad
2) Berjaya Sports Toto Berhad
3) Berjaya Sompo Insurance Berhad
4) Berjaya Hills Berhad
5) KDE Recreation Berhad
6) Qinetics Solutions Berhad
7) MOL.Com Brhad
8) TMC Life Sciences Berhad
Family relationship with any director and/or major shareholder of the listed issuer

:

His father, Tan Sri Dato’ Seri Vincent Tan Chee Yioun, is a major shareholder of the Company.
Any conflict of interests that he/she has with the listed issuer

:

Nil
Details of any interest in the securities of the listed issuer or its subsidiaries

:

1) Direct Interest: 18,000 Ordinary Shares of RM0.80 each
2) Indirect Interest held through spouse: 100 Ordinary Shares of RM0.80 each

—————————————————————–
Change in Boardroom
Reference No BM-100325-54564

Company Name
:
BERJAYA MEDIA BERHAD
Stock Name
:
BJMEDIA
Date Announced
:
01/04/2010

Date of change
:
01/04/2010
Type of change
:
Resignation
Designation
:
Chairman & Director
Directorate
:
Non Independent & Non Executive
Name
:
Tan Sri Dato’ Seri Vincent Tan Chee Yioun
Age
:
58
Nationality
:
Malaysian
Qualifications
:

N/A
Working experience and occupation
:

N/A
Directorship of public companies (if any)
:

N/A
Family relationship with any director and/or major shareholder of the listed issuer

:

N/A
Any conflict of interests that he/she has with the listed issuer

:

N/A
Details of any interest in the securities of the listed issuer or its subsidiaries

:

N/A

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Steven Hartanto

Hi people of all races and religions, GAMBLING IS BAD AND IT IS A VICE, go to work in order to earn money

anonymous

Hi people of all races and religions, supporters of all political parties, GAMBLING IS BAD AND IT IS A VICE, legallised/politicised or not. All decent parents and good teachers of all schools and religions would advise their children, students and followers to stay away from gambling, as well as other vices. Indeed, no one can stop you from indulging in vices. It is your personal choice and you are responsible for your own’s and, perhaps, also your family’s well-being. Having said that, a vice is a vice. It requires a wise mind and a strong will to resist the temptation… Read more »

James Joyce

The Sun is a free daily. You have the right not to read it. Your article is bias as well – isn’t it. We should have supported the sports betting and I could have made some money. Portugal 7 Korea 0. Just imagine. (Or did it turned 8-0)

SlogInM'sia

Remember, the list of thrash papers include the Malay Mail. Ask around, there is No direction and “headless”. Yet, someone special is hired and paid handsomely. For what? Your guess is as good as mine!
From reading it, it is obvious ordinary stories painting rosy pictures of government is the order of the day, while highlighting the bad side of the opposition is news of the day. Hello, readers are shortchanged
Can’t believe its investors are this naive.

Robert Teh

I think betting on sports or gambling is a personal choice. Licensed or not – those who gamble will continue to do so. For the govt to license sports betting there are always people who are for and against it. But if the govt is serious about issuing the license then it should issue it to a govt-owned company. Since the govt are already collecting sin taxes – why not go all the way? Own the betting company or companies and keep all the profits and taxes at the same time. Why give this privileged license to any individual? Why… Read more »

lokmeesaw

(Someone has allegedly) been harassing … editors (of a certain paper) non stop into running stories that support sports gambling, including playing on the front page. Stories that condemn gambling and sports betting not allowed to print. He (allegedly) issued threats against paper if it fails to do its bidding. Many fed up but money talk$.

aca

suddenly, the cops are real efficient. and the bookies are getting careless.

good show Vincent…

LBJ

I never read this trash paper. It is in the same class as Utusan.

ANONYMOUS

UMNO BN IS BANKRUPT OF IDEAS WITH THIER SPINNINGS AT WILL IN ALL CIRCUMSTANCES TO THEIR ADVANTAGE … THEY ARE NOT FIT TO BE MINISTERS AS THEY ARE NOT SINCERE … AND SPIN THE FACTS IN THE HOPE THAT THE RAKYATS ARE FOOLS TO ACCEPT WHAT THEY SAY, NOT NOW WHEN THERE IS AN ALTERNATE MEDIA APART FROM THE MSM STRICTLY CONTROLLED WITH A YEARLY RENEWAL PUBLISHING LICENCE TO SPIN… NOW ALL THE RAKYATS ARE NO LONGER FOOLS TO ACCEPT WHAT THESE SO-CALLED … MINISTERS SAY, IN TIME THEY WILL BE BOOTED OUT FOR WHAT THEY HAVE DONE TO BANKRUPT… Read more »

Alley Bubba

Even the Umno cronies are multi-racial just pick any Krishnan, Tan, Ali, Baba as front runner so any MCA MIC Gerakan even all Pakatan find it hard to say any race is left behind. This how M making a spoof out of multi-racial Malaysia. Cunning… isn’t he. Now M said the Malays are under attack and become new minority soon, but actually replace the ‘Malay’ word as ‘Umno’ then it is clearly it is Umno under attack while majority Malays are smart enough to make Umno slowly the new minority instead. So folks, any posting by M that mention the… Read more »

Charlie Oscar

Dear Anil,
What are you trying to insinuate?
It’s in All the other Daily’s as well.
Why specify Only the Sun?
Sports betting should be Legalised and Controlled like All Developed Countries!!!
Singapore is a very good example, since Malaysians like you always like to compare!!!

zakumi

VT is the agent of umno?