10 Jun '12, 10am

Berjaya Sports Toto Berhad and Sports Toto Malaysia Trust

Berjaya Sports Toto Berhad and Sports Toto Malaysia Trust

Berjaya Sports Toto Bhd has proposed to spin off Sports Toto Malaysia (STM) into a Sports Toto Malaysia Business Trust. This has prompted me to look into BST and I will share my findings in a 2 parts analysis. This is my first time going into an analysis of foreign share and I have realised the additional difficulty of securing information. Under the deal, Berjaya Sports Toto will hold on to 79.5% of the shareholding of STM and they will get RM 670m in cash and RM 527.4m in promissory note. As always, we will start off with the financial statement analysis.

Full article: http://thefinance.sg/2012/06/10/berjaya-sports-toto-berha...

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