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How it started
History
Berjaya was previously known as Berjaya Kawat Berhad founded by Broken Hill Proprietary Ltd, Australia and National Iron & Steel Mills, Singapore.
In 1984, Vincent Tan took a stake in Berjaya Industrial Berhad. In 1985, Tan bought 51% of Sports Toto from the Malaysian government. He then injected Sports Toto into Berjaya, swapping his shares in Sports Toto for a controlling stake in Berjaya. The shareholding change also resulted in a major change in the business, direction and the dynamic growth of a diversified conglomerate under the flagship of Berjaya Corporation Berhad.
In 1988, Tan swapped his shares in Berjaya for control of Raleigh Bhd. (originally a bicycle manufacturer incorporated in 1967 and gained official listing on Bursa Malaysia in 1969), which was then renamed Inter-Pacific and turned into Berjaya's holding company. It later became known as Reka Pacific Berhad. Under his leadership, Berjaya's pretax profit rose from RM 700,000 in 1984 to RM 70 million in 1989, and RM 342 million in 1998, and exceeding RM 1 billion in some years in the next two decades.
Berjaya Corporation Berhad assumed the listing status of Berjaya Group Berhad on the Main Board of Bursa Securities upon the completion of the group restructuring exercise in 2005 and the listing of new shares the year after.
REDtone Digital Berhad (formerly known as REDtone International Berhad)
From Wikipedia’s article on Berjaya Group, shared under CC BY-SA 4.0.2