Student Name: Jalal Ahmed Abood Ba Nwaier
Student ID: 0011mrmr1111
E-mail: jalal-ahmed@live.com
Lecturer: Dr. Harwindar Singh
Question 1 1. Corporate Profile
The Berjaya Corporation group of companies’ history dates back to 1984 when the Chairman/ Chief Executive Officer, Tan Sri Dato’ Seri Vincent Tan Chee Yioun acquired a major controlling stake in the shares capital of Berjaya Industrial Berhad (originally known as Berjaya Kawat Berhad) from the founders, Broken Hill Proprietary Ltd, Australia and National Iron & Steel Mills, Singapore. The shareholding change also resulted in a major change in the business, direction and the dynamic growth of a diversified conglomerate under the flagship of Berjaya Corporation Berhad (Berjaya Corporation group annual report).
In October 1988, following a major restructuring, Berjaya Group Berhad (then known as Inter-Pacific Industrial Group Berhad) became the holding company of Berjaya Industrial Berhad. Inter-Pacific Industrial Group Berhad (formerly known as Raleigh Berhad) was incorporated in 1967 as a bicycle manufacturer. In 1969, the Company gained official listing on Bursa Malaysia Securities Berhad (“Bursa Securities”).
Berjaya Corporation Berhad assumed the listing status of Berjaya Group Berhad on the Main Board of Bursa Securities upon the completion of the group restructuring exercise in October 2005 and the listing of the new shares on 3 January 2006.
With total employee strength of 16,000, the Group is a diversified entity engaged in the following core businesses:
• Consumer Marketing and Direct Selling;
• Financial Services;
• Vacation Timeshare, Hotels, Resorts & Recreation Development;
• Property Investment and Development;
• Gaming and Lottery Management;
• Food & Beverage; and
• Investment Holding and others.
2. Financial Results
For the financial year ended 30 April 2008, the Group registered a revenue of
References: 1. Ahmad Nik Nazli Nik, Sulaiman Maliah, Alwi Norhayati Mohamed (2003), “Are budgets useful? A survey of Malaysian companies”, Managerial Auditing Journal, Bradford, 18(2003), 9, pp. 717-724. 8. Hansen Stephen C., Otley David T., Van der Stede Wim A.,(2003), “Practice Developments in Budgeting: An Overview and Research Perspective”, Journal of Management Accounting Research, Sarasota, 15(2003), pp. 95-116. 9. Miller, M. H., & Modigliani, F. (1961), “Dividend policy, growth, and the valuation of shares”, the Journal of Business, 34(4), 411-433. 10. Nazir, M. S., Nawaz, M. M., Anwar, W., & Ahmed, F. (2010), “Determinants of stock price volatility in karachi stock exchange: The mediating role of corporate dividend policy”, International Research Journal of Finance and Economics (55). 11. Suleman, M., Asghar, M., Ali Shah, S., & Hamid, K. (2011), “Impact of Dividend Policy on Stock Price Risk: Empirical Evidence from Equity Market of Pakistan” 12