Berjaya Corporation Berhad (“BCorp”) and PT MNC Kapital Indonesia TBK (“BCAP”) signed a preliminary non-binding term sheet to enable both parties to explore e-money business in Malaysia. The strategic partnership aims to leverage both BCorp’s and BCAP’s strengths to develop and expand the e-money-related services specifically between Indonesia and Malaysia.

BCAP is established by MNC Group, one of the largest national business groups in Indonesia. Under the leadership of its Founder and Executive Chairman, Mr. Hary Tanoesoedibjo, MNC Group has become the leader in four (4) strategic investments: Media & Entertainment, Financial Services, Entertainment Hospitality, and Energy.

The term sheet was signed by MNC Group’s Founder and Executive Chairman, Mr. Hary Tanoesoedibjo and BCorp’s Founder and Chairman, Tan Sri Dato’ Seri Vincent Tan Chee Yioun. Also present were Mr. Yudi Hamka, the President Director of BCAP and BCorp Joint Group CEO, Mr. Syed Ali Shahul Hameed.