Lottery Insider — Berjaya Sports Activities Toto Bhd


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Berjaya Sports activities Toto Berhad (“BToto”) was incorporated in 1969 as Unilite Electrical Industries Berhad. The corporate modified its name to Far East Asset Berhad in 1987. On 31 October 1992, the company completed its acquisition of the whole issued and paid-up share capital of 112,522,500 peculiar shares of 50 sen every in Sports Toto Malaysia Sdn Bhd (“Sports Toto”) for a purchase consideration of RM600 million via an issue of RM390.97 million 9% nominal amount of RM1.00 Redeemable Convertible Unsecured Loan Stocks 1992/97 in the corporate and the steadiness in cash of RM209.03 million. On 17 Might 1993, the company was renamed Berjaya Sports activities Toto Berhad.

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