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KUALA LUMPUR: Tycoon Tan Sri Vincent Tan has sold RM115 million worth of Berjaya shares, trimming his total interest in the conglomerate to about 15 per cent.

The Berjaya founder disposed of 461.65 million shares via seven transactions on May 28, reducing his direct stake to 4.1 per cent and deemed interest to around 11 per cent, according to a Bursa Malaysia filing.

The shares, sold through nominee accounts, lowered his overall holding from roughly 23 per cent previously.

Following the disposals, Tan is no longer a substantial shareholder in six listed firms, including Salcon, REDtone Digital and Sports Toto, though he retains smaller stakes in 7-Eleven Malaysia, Berjaya Food and Berjaya Assets.

The move is part of a broader divestment trend, after an earlier 5.25 per cent sale in March.

He is also reportedly considering selling his remaining 30 per cent stake in Prudential Assurance Malaysia.