The Edge Daily

Berjaya Land Bhd (BLand) has raised its interest in biolife sciences firm TMC Life Sciences Bhd to 13.71%.

This comes after its subsidiary Immediate Capital Sdn Bhd acquired a 1.5% stake comprising 2.79 million shares of 10 sen each in the latter from May 28 to June 4, 2008 at an average of RM1.98 per share for a total of RM5.51 million cash.

BLand said yesterday with the additional investment, the group now holds an aggregate 13.71% stake comprising 25.4 million shares in TMC.