Investing Experience -
Risk Profile -
Followers
1
Following
0
Blog Posts
0
Threads
662
Blogs
Threads
Portfolio
Follower
Following
Summary
Total comments
662
Past 30 days
5
Past 7 days
1
Today
0
User Comments
Stock
2023-01-14 21:27 | Report Abuse
Latest Update
(Kuala Lumpur, 13th) Berjaya Group (BJCORP, 3395, Main Board Industrial Products Services Group) Chairman Tan Sri Tan Zhiyuan has further reduced his holdings in the group, preparing to pave the way for the acquisition of financial institutions .
According to the statement issued by BJCorp on Friday, Chen Zhiyuan sold a total of 80 million direct shares in three batches on January 11, and sold a total of 1 million indirect shares held by his children in two batches on January 10 and 12. shares.
After the shareholding reduction, Chen Zhiyuan still holds 488,271,345 shares or 8.745% direct equity and 730,989,755 shares or 13.092% indirect equity of BJCorp.
BJCorp revealed earlier that the management intends to carry out the acquisition involving the Bank of China's financial services license. According to the Bank of China's financial services law, individuals cannot hold more than 10% of the shares in licensed institutions. The stake was reduced to below 19.6%. According to "Bloomberg" data, Chen Zhiyuan originally directly held 20.12% of the shares of the successful organization.
Berjaya later confirmed that it intends to acquire a 51% controlling stake in MCIS Life Insurance (MCIS Life) from South Africa's Sanlam Group.
On December 27 last year, the Lin family company that controlled KOSSAN (KOSSAN, 7153, the main board healthcare group) acquired 400 million shares of Success Group from Chen Zhiyuan, equivalent to 5.015% equity, and became one of the major shareholders.
And last week, Chen Zhiyuan sold 40 million shares or 0.7% of the company's shares to his son-in-law Farid Nasmuddin at a price of RM10 million or 25 cents per share.
https://www.klsescreener.com/v2/news/view/1097305
Stock
2023-01-13 04:44 | Report Abuse
Just wonders what BJLand &:VT has to say to Bursa in the coming announcement after BJCorp & VT's buying spree as BJLand public spread has fallen as low as 6.5%! Instead of a Rectification Plan to address the issue of public spread, they are making it worse...
Further to our announcement dated 25 August 2022, the Board of Directors of Berjaya Land Berhad (“BLand”) wishes to announce that Bursa Malaysia Securities Berhad has, via its letter dated 20 September 2022, granted BLand a further extension of time of 6 months until 22 March 2023 to comply with the approved public shareholding spread of 20% (“Approved Public Spread”).
Currently, the public shareholding spread of BLand stands at 16.50%, a shortfall of 3.50%. The Management of BLand will continue to explore and identify a feasible rectification plan to address the shortfall in the Approved Public Spread.
This Announcement is dated 21 September 2022.
Stock
2023-01-11 07:10 | Report Abuse
@Sslee think it shouldn't be long now as timing is just right since VT is increasing his shares in BJLand almost everyday after collecting more than 130 million cash from sale in BJCorp? as latest update at Simply_Wall _St indicates that general public spread only left 6.9% with institutions holding another 4.5%. The top 15 shareholders already controls 93.11%! BJCorp alone controls 80.2% not counting VT & VT controlled entities?? Also VT divestment in BJCorp to 19.6% and increase stakes in BJLand & BJAsset (BJAsset public spread now also falls below 20%) recently could be catalysts for mergers & restructure of VT's empire?
Sslee
Stockraider,
I bought back some bjland. Waiting for Bjcorp to offer VGO
Stock
2023-01-10 10:08 | Report Abuse
VT confirms BJCorp in negotiations to acquire a Financial Services Provider under FSA...could it be a licensed Bank or Insurer? Anyway BJCorp already has 30% share in Berjaya Sompo...so why buy another Insurer when a Banking License offers better Synergy to Berjaya Goup? Expect the Unexpected!
https://www.klsescreener.com/v2/news/view/1094639
Stock
2023-01-07 13:50 | Report Abuse
Update on Making sense of Vincent Tan’s moves in BJCorp/BJLand/7Eleven.
The possibility of Berjaya Corporation Bhd acquiring a financial services company had sent the stock in a frenzy and was one of the top active counters on Bursa Malaysia on Dec 28 adding as much as 1.5 sen to an intraday high of 31 sen. Profit taking has been well absorbed and probably anticipated as some investors were skeptical on the potential deal.
According to news report, Berjaya Corp founder and major shareholder Vincent Tan Chee Yioun intends to pare his stake in the company to 19.6% from 26% in order to comply with Section 92 of the FSA.
Apparently, Tan has been making several share disposals to reduce his stake in Berjaya Corp. He sold 400 million shares via direct business transaction on Dec 22. He owns a 12.95% direct interest and a 13.29% indirect interest after the share sales.
Interestingly, Kossan Rubber Industries Bhd's founder and managing director Tan Sri Lim Kuang Sia emerged as a substantial shareholder of Berjaya Corp after acquiring 400 million shares or a 7.16% stake in the company. Is Lim holding the shares on Tan’s behalf or is Lim looking to diversify its investments to be part of this conglomerate looking to restructure itself into a financial services provider?
On Jan 6, Vincent Tan Chee Yioun divested another 40 million shares or 0.7% stake in the group to his son-in-law SM Faliq SM Nasimuddin for RM10 million or 25 sen per share. SM Faliq, who is deputy group executive chairman of Naza Group, is married to Vincent Tan’s daughter Chryseis Tan Sheik Ling.
Bursa filings show that Chryseis Tan, who is also BCorp’s and BJLand's non-executive director, acquired the shares in two tranches (34.52 million shares and 5.48 million shares) through her spouse. Subsequent to the divestment, Vincent Tan is left with 12.25% direct interest and 13.29% indirect stake in BCorp. In order to meet S92 FSA requirements, Tan needs to sell another 2.25% direct interest or 129 million shares in BJcorp. The FSA does not allow any individual to own more than 10% stake in a financial institution.
The divestment seems to be part of a bid for the billionaire to pare down his shareholding in BCorp, and pave the way for the group’s potential acquisition of a financial institution. Shares of BCorp closed half a sen or 1.7% higher at 30.5 sen while BJLand closed at 26.5 sen on Friday (Jan 6).
Berjaya Corp current activities includes stockbroking, asset & land management and lottery operations under Berjaya Land. Berjaya Corp is also involved in provision of insurance via its 30% stake in Berjaya Sompo Insurance Bhd. Sompo Holdings (Asia) Pte Ltd owns the remaining 70% stake. In addition, it wholly owns a stockbroking arm — Inter-Pacific Securities Sdn Bhd.
For sure, Tan’s cashing out his 440 million shares in Berjaya Corp would help make up the loss of steady income from its 10-year warrants, which have expired. With the cash from the share sale, Tan can buy more shares in Berjaya Land. Infact, disclosures to Bursa indicated Tan has been acquiring BJLand shares almost on a daily basis through Berjaya Retail Berhad which is controlled by Tan and operates the 7-Eleven chain of convenience stores in Malaysia and markets consumer durable products under the Singer Group. It is also of interest Tan has been agressively acquiring 7Eleven shares recently together with BJLand, which now is a substantial shareholder with more than 5% shares in 7Eleven.
Why Berjaya Land?
If Berjaya Corp becomes a financial services provider, it can’t hold a banking license and at the same time, a gaming licence under its major subsidiary, Berjaya Land. As such, Berjaya Corp may have to hive off Berjaya Land's 40% interest in Berjaya Toto to another entity probably under Tan’s control. Investors are probably better off putting their money in Berjaya Land for better upside compared with Berjaya Corp. Currently BJLand is trading at 26.5 sen a discount of 13% to BJcorp closing price of 30.5 sen on Jan 6.
There are plenty more speculations on Tan’s next moves and investors would likely place their bets on the tycoon once the deal has been firmed up and viewed as a beneficial move. Latest moves by Tan includes appointing Farhash Wafa Salvador, Anwar's former Political Secretary and Loyalist as Chairman of 7Eleven, replacing Vincent Tan's son, Robin Tan Yeong Ching who is the current Chairman of STM Lottery (Formerly BToto).
Stock
2023-01-07 13:23 | Report Abuse
Update on Making sense of Vincent Tan’s moves in BJCorp/BJLand/7Eleven.
The possibility of Berjaya Corporation Bhd acquiring a financial services company had sent the stock in a frenzy and was one of the top active counters on Bursa Malaysia on Dec 28 adding as much as 1.5 sen to an intraday high of 31 sen. Profit taking has been well absorbed and probably anticipated as some investors were skeptical on the potential deal.
According to news report, Berjaya Corp founder and major shareholder Vincent Tan Chee Yioun intends to pare his stake in the company to 19.6% from 26% in order to comply with Section 92 of the FSA.
Apparently, Tan has been making several share disposals to reduce his stake in Berjaya Corp. He sold 400 million shares via direct business transaction on Dec 22. He owns a 12.95% direct interest and a 13.29% indirect interest after the share sales.
Interestingly, Kossan Rubber Industries Bhd's founder and managing director Tan Sri Lim Kuang Sia emerged as a substantial shareholder of Berjaya Corp after acquiring 400 million shares or a 7.16% stake in the company. Is Lim holding the shares on Tan’s behalf or is Lim looking to diversify its investments to be part of this conglomerate looking to restructure itself into a financial services provider?
On Jan 6, Vincent Tan Chee Yioun divested another 40 million shares or 0.7% stake in the group to his son-in-law SM Faliq SM Nasimuddin for RM10 million or 25 sen per share.
SM Faliq, who is deputy group executive chairman of Naza Group, is married to Vincent Tan’s daughter Chryseis Tan Sheik Ling.
Bursa filings show that Chryseis Tan, who is also BCorp’s and BJLand's non-executive director, acquired the shares in two tranches (34.52 million shares and 5.48 million shares) through her spouse. Subsequent to the divestment, Vincent Tan is left with 12.25% direct interest and 13.29% indirect stake in BCorp. In order to meet S92 FSA requirements, Tan needs to sell another 2.25% direct interest or 129 million shares in BJcorp. The FSA does not allow any individual to own more than 10% stake in a financial institution.
The divestment seems to be part of a bid for the billionaire to pare down his shareholding in BCorp, and pave the way for the group’s potential acquisition of a financial institution.
Shares of BCorp closed half a sen or 1.7% higher at 30.5 sen while BJLand closed at 26.5 sen on Friday (Jan 6).
Berjaya Corp current activities includes stockbroking, asset & land management and lottery operations under Berjaya Land. Berjaya Corp is also involved in provision of insurance via its 30% stake in Berjaya Sompo Insurance Bhd. Sompo Holdings (Asia) Pte Ltd owns the remaining 70% stake. In addition, it wholly owns a stockbroking arm — Inter-Pacific Securities Sdn Bhd.
For sure, Tan’s cashing out his 440 million shares in Berjaya Corp would help make up the loss of steady income from its 10-year warrants, which have expired. With the cash from the share sale, Tan can buy more shares in Berjaya Land. Infact, disclosures to Bursa indicated Tan has been acquiring BJLand shares almost on a daily basis through Berjaya Retail Berhad which is controlled by Tan and operates the 7-Eleven chain of convenience stores in Malaysia and markets consumer durable products under the Singer Group. It is also of interest Tan has been agressively acquiring 7Eleven shares recently together with BJLand, which now is a substantial shareholder with more than 5% shares in 7Eleven.
Why Berjaya Land?
If Berjaya Corp becomes a financial services provider, it can’t hold a banking license and at the same time, a gaming licence under its major subsidiary, Berjaya Land. As such, Berjaya Corp may have to hive off Berjaya Land's 40% interest in Berjaya Toto to another entity probably under Tan’s control. Investors are probably better off putting their money in Berjaya Land for better upside compared with Berjaya Corp. Currently BJLand is trading at 26.5 sen a discount of 13% to BJcorp closing price of 30.5 sen on Jan 6.
There are plenty more speculations on Tan’s next moves and investors would likely place their bets on the tycoon once the deal has been firmed up and viewed as a beneficial move. Latest moves by Tan includes appointing Farhash Wafa Salvador, Anwar's former Political Secretary and Loyalist as Chairman of 7Eleven, replacing Vincent Tan's son, Robin Tan Yeong Ching who is the current Chairman of STM Lottery (Formerly BToto).
Stock
2022-12-16 10:08 | Report Abuse
BJLand holds 55% shares in Landasan Lumayan with balance owned by Selangor Govt Inc?
https://www.selangormaritimegateway.com/berjaya-land-forms-joint-venture-with-mbi-for-river-initiatives-in-klang-valley-selangorjournal/
Stock
2022-12-02 12:12 | Report Abuse
Stock
2022-09-02 18:14 | Report Abuse
VT acquired 30million BJLand shares in direct biz transaction.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN | https://www.klsescreener.com/v2/announcements/view/3604599
Stock
2022-08-31 11:14 | Report Abuse
FOR IMMEDIATE RELEASE 30 AUGUST 2022BCORP REGISTERS HIGHER REVENUE WITH A PRE-TAX PROFIT OF RM225.2MILLION AND AN ATTRIBUTABLE PROFIT TO SHAREHOLDERS OF RM54.4MILLION FOR FY2022For the 4th Quarter ended 30 June 2022 Berjaya Corporation Berhad (“BCorp”) posted higher revenue of RM2.35 billion, representing an increase of 34% from RM1.75 billion in the corresponding quarter of the previous year. The higher revenue is in line with the increased revenue in all business segments following the resumption of international and domestic travel and further relaxation of the COVID-19 standard operating procedures. In the non-food retail segment, H.R. Owen Plc ("HR Owen") generated higher revenue arising from the higher sales recorded from both new and used car sectors upon the gradual recovery in supply volume after the earlier supply chain disruption.Meanwhile, the food retail segment also contributed higher revenue mainly due to higher same-store-sales growth particularly from Starbucks cafe outlets as well as from the opening of new Starbucks cafe outlets during the financial year. The property segment reported higher revenue driven by higher property progress billings reported from its local project at The Tropika, Bukit Jalil, and higher sales from its overseas residence unit. The hospitality segment also delivered higher revenue as a result of the higher overall occupancy and average room rates reported by the hotels and resorts business, in particular from the hotels in Iceland after the easing of travel and social restrictions during the current quarter under review. The higher revenue in the services segment is driven by STM Lottery Sdn Bhd (formerly known as Sports Toto Malaysia Sdn Bhd) ("STM Lottery"). The higher number of draws conducted, which was forty two (42) draws in the current quarter under review as opposed to only twenty eight (28) draws in the previous year’s corresponding quarter contributed to the increased revenue by STM Lottery. The Group's profit from operations surged by about 779% to RM186.2 million from RM21.2 million in the previous year corresponding quarter, which was in tandem with the higher revenue reported by all the business segments. The pre-tax loss for the quarter under review narrowed by 92% to RM 16.72 million from RM 208.10 million loss in the corresponding quarter of the previous year with the overall improved performance from the Group’s operations. The loss was due to the provision of partial impairment on balance sale proceeds of the Great Mall Project (“GMOC”) amounting to RM197.8 million in view of the prolonged and arduous enforcement procedures of the arbitration award. Notwithstanding the partial impairment made, GMOC is vigorously pursuing enforcement in both jurisdictions in the PRC and Hong Kong. Excluding the partial impairment of RM197.8 million, the Group would have reported a pre-tax profit of about RM181.1 million.Page 1 of 3For the financial year ended 30 June 2022The Group reported higher revenue at RM8.21 billion from RM7.46 billion in the previous financial year, representing an increase of 10%. The better revenue for the financial year under review was mainly contributed by the retail and hospitality segments. The non-food retail segment’s higher revenue was bolstered by stronger sales registered by HR Owen resulting from the strong demand with the gradual supply volume recovery and pre-mix tailwinds leading to strong used car profit margin due to the earlier supply chain disruption in the new car sector.The food retail segment reported a higher revenue mainly due to higher same-store-sales growth particularly from Starbucks cafe outlets as well as from the opening of new Starbucks cafe outlets during the financial year. The hospitality segment posted higher revenue as the hotel and resorts business reported higher overall average occupancy and room rates during the financial year under review with the easing of international travel restrictions. The property segment registered lower revenue due to lower overall property progress billings and lower sales from the overseas residence unit in the current financial year under review. On the other hand, the services segment reported lower revenue mainly due to lower revenue reported by STM Lottery and the financial services business. For the current year under review, the cancellation of thirty seven (37) draws has resulted in STM Lottery's drop in revenue.The Group achieved pre-tax profit of RM225.21 million versus RM260.39 million pre-tax loss in the previous financial year. The pre-tax profit reported for the current year under review was mainly contributed by the retail and hospitality segments. In addition, the higher net investment-related income and the share of better results from associates and joint ventures also further improved the Group's results.
Stock
2022-08-17 10:20 | Report Abuse
Bullish breakout soon?
https://www.klsescreener.com/v2/news/view/1032145
Stock
2022-08-02 12:33 | Report Abuse
BCorp bought 44M BLand shares at 25 sens each on 1/8.
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings During Closed Period | https://www.klsescreener.com/v2/announcements/view/3588527
Stock
2022-08-02 12:33 | Report Abuse
BCorp bought 44M BLand shares at 25 sens each on 1/8.
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings During Closed Period | https://www.klsescreener.com/v2/announcements/view/3588527
Stock
2022-07-29 00:56 | Report Abuse
BJland coming QTR report may be similar to Pavillion with properties & Biz in golden triangle, KL?
https://www.klsescreener.com/v2/news/view/1023707
Stock
2022-07-28 23:50 | Report Abuse
Stock
2022-07-21 10:18 | Report Abuse
News update!
https://www.klsescreener.com/v2/news/view/1020379
Stock
2022-07-14 06:25 | Report Abuse
Bjland to list Singapore Instute of Advanced Medicine in Singapore?
https://www.klsescreener.com/v2/news/view/1017367
Stock
Stock
2022-06-18 14:26 | Report Abuse
6 月 15 日从 VT 以每股 22 美分的价格购买 140,000,000 股股票的大买家是谁？
当 bjasset 已经 28.5 美分时，为什么 bjland 这么便宜？
Stock
2022-05-24 21:05 | Report Abuse
Quarterly rpt on consolidated results for the financial period ended 31/03/2022 | https://www.klsescreener.com/v2/announcements/view/3552613
Stock
Stock
Stock
Stock
Stock
2022-04-28 16:25 | Report Abuse
Go go VT go....we all have a dream so make true....
https://youtu.be/xl_FfF53Wec
Stock
2022-04-26 16:46 | Report Abuse
Money money money coming....
https://youtu.be/uP0sC_s5EfE
Stock
Stock
Stock
2022-03-27 10:20 | Report Abuse
Berjaya Land Bhd is collaborating with Sabapak Eco Sdn Bhd to jointly develop a Sustainable Tourism Destination in Sabah. The two parties inked an MoU for this purpose on Friday, under which they will jointly formulate a comprehensive sustainable plan to develop and transform part of Gaya, Sapi and Bohey Dulang Islands into a prime destination for eco-tourism.
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
2022-02-18 13:16 | Report Abuse
The owner of Icelandair hotels is Berjaya Land Berhad. The sales agreement with Icelandair was finalized at the beginning of 2021, but the first part of the contract went through already in 2019. The chairman of the board of directors in Iceland is Tryggvi Þór Herbertsson.
The company will introduce rebranding and name changes to the parent company and the Icelandair Hotels chain in the second half of 2022.
Stock
2022-02-18 09:43 | Report Abuse
BJLand是下一个？
https://www.klsescreener.com/v2/news/view/952027
Stock
2022-02-18 09:42 | Report Abuse
BJLand是下一个？
https://www.klsescreener.com/v2/news/view/952027
Stock
2022-02-17 08:15 | Report Abuse
所有 bj 公司都已经盈利!
https://www.klsescreener.com/v2/news/view/951375
Stock
Stock
Stock
Stock
Stock
Stock: [BJLAND]: BERJAYA LAND BHD
2023-01-25 19:10 | Report Abuse
VT acquired 2.825 million BJland direct interest shares in open market @O.28.
2023-01-25
Insider
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN (a substantial shareholder) acquired 2,825,000 shares on 19-Jan-2023.