JOINT ANNOUNCEMENT BY BERJAYA CORPORATION BERHAD AND
BERJAYA SPORTS TOTO BERHAD
- COMMENCEMENT OF NEGOTIATIONS ON BUSINESS...
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Joint Announcement BERJAYA CORPORATION & BERJAYA SPORTS TOTO

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Joint Announcement BERJAYA CORPORATION & BERJAYA SPORTS TOTO

  1. 1. JOINT ANNOUNCEMENT BY BERJAYA CORPORATION BERHAD AND BERJAYA SPORTS TOTO BERHAD - COMMENCEMENT OF NEGOTIATIONS ON BUSINESS COOPERATION CONTRACT IN RELATION TO THE ESTABLISHMENT OF A COMPUTERIZED LOTTERY SYSTEM IN VIETNAM The Boards of Directors of Berjaya Corporation Berhad (“BCorporation”) and Berjaya Sports Toto Berhad (“BToto”) are pleased to announce that following a bidding process, BCorporation has been selected as the most suitable party to undertake the investment, procurement, installation of equipment and operation of a computerized lottery system for the whole of Vietnam (“Vietnam Lottery Business”) in cooperation with Vietnam Lottery Company (“Vietlott”) under a Business Cooperation Contract to be entered into. The Ministry of Finance of Vietnam in conjunction with Vietlott (a wholly- owned subsidiary of the Ministry of Finance, Vietnam) issued a Request for Proposal on 12 June 2013 to invite proposals for the Vietnam Lottery Business. A total of six international companies submitted their proposals to Vietlott. After a detailed and intensive evaluation of the proposals submitted by the various bidders, the Ministry of Finance of Vietnam and Vietlott have selected BCorporation’s proposal as the winning bid and have formally invited BCorporation to enter into negotiations for a Business Cooperation Contract with Vietlott. BCorporation will undertake the Vietnam Lottery Business via Berjaya Gia Thinh Investment Technology Company Limited (“Berjaya GTI”), a company incorporated in Vietnam. Berjaya GTI is 51% owned by Berjaya Lottery Vietnam Limited (“BLV”), a company incorporated in Labuan. BLV is in turn 80% owned by BCorporation and 20% owned by BToto. BCorporation and BToto will make the necessary announcements once the Business Cooperation Contract has been executed. This Announcement is dated 12 May 2014.

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