Berjaya Corporation

Restructure.

In business, perhaps that's a word describing the actions taken to rectify and to correct past faulty and poorly excuted business decisions.

Now Berjaya Corporation's restructuring scheme took more than 3 years to complete.

Massive.

Really massive.

And with the massive scheme comes a massive corporate exercise. And in that exercise, Irredeemable Convertible Loan Stocks were created as part of a means to help Berjaya Corporation out of the mess it created.

Now these ICULS came into play last Tuesday.

As they say, the rest was history.

Both the stock and the Irredeemable Convertible Loan Stocks (ICULS) fell by more than 81 per cent and 89 per cent respectively on heavy trade.

This morning, the Business Times carried an article on it.

Tan reaffirms commitment to BCorp

Now, me is just wondering... what's your reaction to all this?