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Malaysian tycoon Vincent Tan’s stake in loss-making Informatics declines

Jeffrey Tan
Jeffrey Tan2/19/2018 08:00 AM GMT+08  • 3 min read
Malaysian tycoon Vincent Tan’s stake in loss-making Informatics declines
SINGAPORE (Feb 19): Malaysian tycoon Vincent Tan’s stake in the loss-making Informatics Education has declined following a disposal by Berjaya Leisure Capital (Cayman). According to a Feb 7 filing, Berjaya Leisure Capital has sold 825,554 shares in Inf
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SINGAPORE (Feb 19): Malaysian tycoon Vincent Tan’s stake in the loss-making Informatics Education has declined following a disposal by Berjaya Leisure Capital (Cayman). According to a Feb 7 filing, Berjaya Leisure Capital has sold 825,554 shares in Informatics for 7.677 cents apiece on the open market. The shares were sold over three transactions in January.

Tan’s deemed interest in Informatics now stands at 28.4%, or 20.5 million shares, in the company, down from 28.9% previously. He is deemed interested in shares held by Berjaya Leisure Capital, Berjaya Sompo Insurance and Rantau Embun, which are part of the Berjaya group of companies controlled by him. Tan does not have any direct interest in Informatics.

Informatics is a provider of IT -education. The company was founded in 1983 to meet the demand for skilled IT manpower and knowledge-based workers arising from Asia’s rapid economic growth. It operates several brands, including Informatics International, Informatics Consulting, Informatics Academy, Thames Management Centre International, Thames Academy, Thames International, Informatics Higher Education and Informatics Corporate Learning.

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