BCorp securities suspended for 1 hour to 10am (Source: The Edge Online by Joseph Chin)

Trading of securities of Berjaya Corp Bhd was halted for one hour from 9am on Monday, Nov 29 after announcing the joint venture between its subsidiary Inter-Pacific Securities Sdn Bhd and Singapore's Kim Eng Holdings Ltd.

Trading resumes at 10am, a circular from Bursa Malaysia.

Under the proposal announced late Friday, Interpac Securities Group’s entire stockbroking and related businesses in Malaysia would be incorporated into the SPV, valuing the business at RM142 million -- total net assets of RM100 million and business goodwill of RM42 million.