KUALA LUMPUR: Malaysian tycoon Vincent Tan sold RM115 million (S$37 million) worth of shares in conglomerate Berjaya, extending a series of disposals that have reduced his holding in the company to about 15 per cent.

The founder of Berjaya offloaded 461.65 million shares through seven transactions on May 28, cutting his direct stake to 4.1 per cent and his deemed interest to about 11 per cent, according to a filing to Bursa Malaysia late Wednesday (Jun 3). Berjaya shares closed at 24.5 sen on the day of the trades and were unchanged early Thursday.