MALAYSIA'S Berjaya Group founder Vincent Tan plans to list 7-Eleven Malaysia and the Money Online (MOL) Internet business next year, in a move that will raise more than RM600 million (S$250 million) combined, local media reported yesterday.
The listings of 7-Eleven and MOL are part of the billionaire's pledge to donate half his wealth to charity and to reduce group borrowing, said the reports in The Star and New Straits Times newspapers.
Tan Sri Tan was quoted as saying that he may re-list MOL Global either locally or in Singapore, or opt for a dual listing as its business is internationally focused.
MOL, which also operates in Singapore, Indonesia, the Philippines, Thailand and India, bought social-networking site Friendster in 2009, and last year announced a partnership with Zynga, a San Francisco- based developer of online games.
7-Eleven is the largest 24-hour convenience-store operator in the country.
Mr Tan wants to donate RM600 million worth of shares in his companies to his Better Malaysia Foundation charity, the newspapers reported him as saying.