Berjaya Sports to spin off unit for Singapore listing

The Malaysian lottery operator says it intends to transfer its Sports Toto Malaysia unit, which has an indicative value of up to $2 billion, to a Singapore-listed business trust.

<div style="text-align: left;"> Malaysia is set to become one of the most active and interesting markets for new listings this year </div>

Anette Jönsson

June 07, 2012

Malaysian lottery operator Berjaya Sports Toto plans to transfer its wholly-owned Sports Toto Malaysia (STM) unit to a business trust with the intention of listing it in Singapore, according to a stock exchange filing made late on Monday. STM mainly operates so-called Toto pool betting, or lucky-numbers games.

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