Lottery Insider -- Berjaya Sports Toto Bhd

Berjaya Sports Toto Berhad ("BToto") was incorporated in 1969 as Unilite Electrical Industries Berhad. The company modified its identify to Far East Asset Berhad in 1987. On 31 October 1992, the corporate accomplished its acquisition of the complete issued and paid-up share capital of 112,522,500 ordinary shares of 50 sen every in Sports activities Toto Malaysia Sdn Bhd ("Sports activities Toto") for a purchase order consideration of RM600 million by means of a difficulty of RM390.Ninety seven million 9% nominal quantity of RM1.00 Redeemable Convertible Unsecured Loan Stocks 1992/97 in the corporate and the stability in cash of RM209.03 million. On 17 May 1993, the corporate was renamed Berjaya Sports Toto Berhad.

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