Malaysian tycoon Vincent Tan considers taking Starbucks Malaysia's owner, Berjaya Food Bhd., private.
Malaysian tycoon Vincent Tan is considering taking Berjaya Food Bhd., owner of Starbucks Malaysia's operations, private. Tan, who founded Berjaya Corp. in 1984, is in talks with banks for potential financing for a possible buyout deal. Berjaya Food's shares experienced a 6.5% surge after the report of Tan's possible move. Tan has declined to comment on the potential plan, and the decision remains preliminary.
April 09, 2024
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