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Lottery Insider — Berjaya Sports Activities Toto Bhd

Berjaya Sports Toto Berhad (“BToto”) was incorporated in 1969 as Unilite Electrical Industries Berhad. The corporate changed its name to Far East Asset Berhad in 1987. On 31 October 1992, the company accomplished its acquisition of the entire issued and paid-up share capital of 112,522,500 ordinary shares of 50 sen every in Sports Toto Malaysia Sdn Bhd (“Sports activities Toto”) for a purchase consideration of RM600 million by means of a problem of RM390.97 million 9% nominal amount of RM1.00 Redeemable Convertible Unsecured Mortgage Stocks 1992/ninety seven in the company and the steadiness in money of RM209.03 million. On 17 Could 1993, the company was renamed Berjaya Sports activities Toto Berhad.

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