Mainstream
Vincent Tan’s return may signal expansion drive
F Saad | 10 Nov 2017 00:30
Tan had continued to explore new business opportunities for Berjaya group during his retirement
Tycoon Tan Sri Vincent Tan’s return to the helm of conglomerate Berjaya Corp Bhd has fuelled talk of possible major developments in the near future, including overseas expansion.

On Nov 1, after more than five years in retirement, Berjaya Corp announced Tan’s return to the board of directors as executive chairman. His son, Datuk Seri Robin Tan, 43, will relinquish his position as group chairman while retaining his position as CEO.

Tan, 65, announced his retirement in February 2012, citing his wish to focus on philanthropic work. During his retirement, he continued to explore new business opportunities in his capacity as adviser to the Berjaya group of companies.

According to a fund manager, the elder Tan’s return to the company has investors excited over the prospect of future expansion plans.

“There was talk a while ago that Berjaya Corp was looking at overseas expansion, possibly within Asean or in China. Vincent Tan is the right person to spearhead talks with overseas parties. At the same time the company might be looking at some internal restructuring to improve margins,” he says.