An officer attending to queries on Berjaya Sompo's product range.


Inter-Pacific Securities' Customer Service.

Berjaya Capital Berhad ("BCapital") was incorporated as a private limited company on 9 August 1993 and converted to a public limited company on 26 October 1993 under the name of Intiplus Berhad. The Company adopted its present name on 5 July 1996.

BCapital became the new holding company of The Tropical Veneer Company Berhad (“TVC”) under a Scheme of Reconstruction that was completed on 2 March 1995. The eventual enlarged issued and paid-up share capital of BCapital was listed on Bursa Malaysia Securities Berhad (“Bursa Securities”) on 21 April 1995 in substitution of TVC. The Scheme of Reconstruction involved the acquisition of the following companies by BCapital for a total purchase consideration of RM 367.4 million satisfied by an issue of new BCapital shares at par:

	68.39% of the issued and paid-up share capital of Prudential Assurance Malaysia Berhad for a total consideration of RM39.2 million;
	89.46% of the issued and paid-up share capital of Inter-Pacific Capital Sdn Bhd (“IPC”) for a total consideration of RM222.7 million;
	70% of the issued and paid-up share capital of Berjaya for a total consideration of RM76.2 million; and
	100% of the issued and paid-up share capital of Prime Credit Leasing Sdn Bhd (“PCL”) for a total consideration of RM29.3 million.

The existing shareholders of TVC were issued one new BCapital share in exchange for one TVC share held whilst the secured and unsecured debts were settled on the basis of one new BCapital share for every RM1.00 of debt owing.

On 4 June 1998, the Group divested its entire shareholding representing 68.83% of the issued and paid-up share capital of Prudential Assurance Malaysia Berhad for a total cash consideration of RM722.7 million.

In April 2000, the Group completed an additional acquisition of 30% equity interest in BGI from Tokio Marine and Fire Insurance Company Limited for a total cash consideration of RM6.75 million. As a result, BGI became a wholly-owned subsidiary of the Company.

On 27 December 2004, BCapital, via its subsidiary, IPC completed the acquisition of 50 million ordinary shares of RM1.00 each representing 100% equity interest in UT Equities Sdn Bhd (formerly known as UT Securities Sdn Bhd) from Rentak Wira Sdn Bhd for a total consideration of RM78.7 million. Following the completion of the acquisition, the stockbroking business of UT Equities Sdn Bhd was merged with Inter-Pacific Securities Sdn Bhd (“IPS”), and converted to a branch office of IPS in Penang in March 2005.

On 11 March 2006, IPC completed the disposal of Eng Equities Sdn Bhd (“ENG”) (formerly known as Eng Securities Sdn Bhd) for a cash consideration of RM30 million and the transfer of the entire business of ENG to IPS which effectively gave rise to the disposal of ENG’s stockbroking licence. The stockbroking business of ENG was merged with IPS and converted to a branch office of IPS in Johor Bahru.

BCapital’s primary activity is investment holding, while its subsidiary companies are principally involved in businesses related to the financial services sector, namely stockbroking, general insurance and leasing and hire purchase.

Meanwhile, on 11 December 2006, BCapital entered into a share purchase agreement (“SPA”) with Sompo Japan Insurance Inc for the proposed sale of 35.4 million ordinary shares of RM1.00 each representing 30% equity interest in BGI for a cash consideration of RM101 million following the approval from the Minister of Finance, Malaysia. The sale was completed on 22 January 2007.

On 9 February 2007,BGI changed its name to Berjaya Sompo Insurance Berhad to reflect the new partnership.

On 23 August 2007, Berjaya Capital Berhad was de-listed from the official list of Bursa Malaysia Securities Berhad (Bursa Securities) pursuant to Paragraph 16.04 of the Listing Requirements of Bursa Securities.