加油!

Sslee My questions for coming EGM:
Q1. Refer circular the building consumption tax of JPY1.79 billion and page (6) the estimated tax and expenses relating to the transaction: JPY 1.45992 billion. So the sale consideration being JPY (50.79-1.79) = 49 billion or JPY (50.79 – 1.46) = 49.33 billion?

Q2. What will be the actual gain on disposal versus estimated gain on disposal of JPY16.03 billion (equivalent to approximately RM649.41 million?
Refer Bjland quarterly report end 31th March 2020:The Group reported a pre-tax profit of RM232.68 million in the current quarter under review, mainly contributed by the higher share of profit from its associated company, namely Berjaya Kyoto Development (S) Pte Ltd group, ("BKyoto") amounting to approximately RM224 million. BKyoto reported a substantial gain arising from the disposal of the trust beneficial interest on the hotel component of the Four Seasons Hotel & Hotel Residences Kyoto, Japan.

Q3. With share of profit RM 224 million (for 50% equity) that work out gain on disposal of RM 448 million. Why so much different with estimate gain on disposal of RM 649.41 million in this circular?

Q4. To repay bank borrowing BCorporation Group* (excluding BLand and its subsidiaries (“BLand Group”)): JPY 30,068 million equivalents to RM 1,218 million: Of this amount how much were loans taken by KHHA and BCorp?

Q5. Is the sale consideration of JPY50.79 billion will be first use to repay loans taken by KHHA and the gain of disposal after payment of withholding tax for the dividends to be declared by KHHA to BCorporation and BLand at 50% equity interest each?

Q6. Will BOD of BCorp and BLand after receiving the gain of disposal in the form of dividend to be declared by KHHA, pay out some of this dividend received as dividend to BCorp and BLand shareholders?

Refer: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3061112
Further to our announcement dated 24 March 2020, the Board of Directors of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 22 June 2020, resolved to accept the minimum public shareholding spread of BLand of 20% (“20% PSS”) as in compliance with Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities. In this regard, BLand is required to comply with the 20% PSS by 23 September 2020.
Currently, the public shareholding spread of BLand stood at 13.295%, a shortfall of about 6.705%. The Company has yet to formulate any rectification plan to address the shortfall in the 20% PSS but will explore all possible options to meet the 20% PSS by 23 September 2020.

Q7: Bcorp hold 73.367% BLand and with TSVT direct/indirect interest holding of another 10+%. Will Bjcorp offer a VGO to make BLand a 100% wholly owned company of BCorp?

Q8: Will Management publish the answers to my questions in BCorp website EGM minutes or email the answers back to me?

政府批准建造新机场后，是Berjaya无需人员费用即可重新开发度假村的最佳时机吗？

https://www.nst.com.my/news/nation/2019/11/535771/tioman-airport-project-gets-go-ahead

不要错过与运营商一起购买的机会!
https://www.klsescreener.com/v2/news/view/686315

是的多买点!

https://www.theedgemarkets.com/article/penjana-economic-package-home-ownership-campaign-mandatory-discounts-and-tax-breaks-makes

It's good to be philosophical when one's belly is full. Can see the young has taken over from the old. Appreciate the changes in mindset..Amitabha..

你让我想起我认识的人吗？

https://www.fengshuiweb.co.uk/animals/waterdragon.htm

It''s good for Mgt to come out to deny it! 男人计划上帝处置的东西，阿弥陀佛

Don't have to repeat the obvious like an old record, all talk but no action. Anyway since Penta no longer has much shares left that's why no more unlimited selling. According to the rule of economics, when demand exceeds supply price will go up. That's why VT macais has been trying to divert people's attention to other shares or at least seen to be discouraging people to buy in order to lessen the demand, as it's expensive to sell at a discount to own people when there are leakages to others who are also interested.

Penta must be desparate for cash since Hong Kong is on the cusp of total breakdown?

https://amp-theguardian-com.cdn.ampproject.org/v/s/amp.theguardian.com/world/2019/nov/13/hong-kong-student-protesters-bows-arrows-petrol-bombs-universities?amp_js_v=a2&amp_gsa=1&usqp=mq331AQCKAE%3D#aoh=15736346369004&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.theguardian.com%2Fworld%2F2019%2Fnov%2F13%2Fhong-kong-student-protesters-bows-arrows-petrol-bombs-universities

If Penta's 3.32% already sold to VT allies including 85% in hand, means already 88.32% nearer to the 90% threshold for delisting/privatisation? Amitabha...

Could it be VT 2.0? Amitabha...

Aseng shortinvestor77,


I like the word "finally"

you are finally proven right by the market
the" recognition" that you has gained
all the despair had finally gone
You do not need anyone to say thank you
the feeling itself is already a something more than anything

Hi kasi why are u here? thought u mentioned only come back only EOY?

Correct me if I am wrong?
* The are 15% free floating shares, out of which 8.7% are held by large funds like Macquarie Bank & Penta with balance of 6.3% held by retail?
Refer link
https://ibb.co/HzQXFr0
* VT can delist/privatise by increasing his current 85% to 90% to activate delisting process with Bursa, but he can't forced acquisition of remaining shares from minority unless he can get 90% of remaining shares (90% X 15% = 13.5%).
* In other words VT needs 85% + 13.5% =98.5% before he can forcefully acquire the remaining shares (1.5%) to delist with 100% control.
* It's unlikely Penta & Macquarie Bank (with 8.7%) will accept anything less than 38 sens to sell, given the earlier Penta/BJCorp deal.

所有人都在说话，但没有步行...阿弥陀佛

阿弥陀佛...佛陀帮助那些帮助自己的人，这就是为什么VT通过廉价回购来帮助自己的原因，紧随师父之后...

More like VT & de 40 thieves...all u need is Aladdin 2 say Open Sesame on Double Ten?

Right! and now BJToto is 41% owned by BJLand.. btw will there be an announcement by BJCorp/Bursa? on 10 October also known as Double Ten Celebrations in China?

Amitabha...ir's tme to do good for future redemption? Blessings from Da Fo Si, Guangdong...

https://www.mir.com.my/rb/photography/leofoo/Thai-amulets/Buddhist_Landmarks/China/DAFOSI.htm

Greetings from Guangzhou... Currently celebrating 70th Anniversary of PRC...just wondering why the double talk from Macai?

Posted by bahai4453 > Sep 30, 2019 1:07 PM | Report Abuse

1 or 2 cents up and down is nothing special to Bjland. Just ignore it or just top up some if it is down.

Saw VT at GSC...only VT will understand...

M for Malaysia! Will it be,
V for Berjaya?

https://g.co/kgs/UbuJHb

Key dates to lookout for any announcement from Bursa/BJLand:

6 ~ 10, October - 1 month from Bursa letter on non approval for application of extension to BJLand dated 6 September...

"Further to our announcements dated 2 August 2019 and 5 August 2019, the Board of Directors (“Board”) of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 6 September 2019, resolved not to approve BLand’s application for an extension of time to comply with its approved minimum public shareholding spread requirement of 15% (“Public Spread”).

As provided in the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”), Bursa Securities may:-

(a) impose any type of action or penalty pursuant to Paragraph 16.19 of the Listing Requirements; and

(b) suspend trading in the securities of BLand pursuant to Paragraph 16.02 of the Listing Requirements.

Currently, the public shareholding spread of BLand stood at 14.65%, a shortfall of about 0.35%.

In view of the current poor market condition and as the Company has not formulated any rectification plan to address the shortfall in the Public Spread but will explore all possible options to meet the Public Spread, the Board of BLand may contemplate an appeal on Bursa Securities’ decision on the extension of time to comply with the Public Spread.

This Announcement is dated 10 September 2019."

Was hoping Kasi kasi some more 2day?

If you observe carefully... BJCorp as 85% majority owner is the ultimate beneficiary in case of Privatisation as its share price has been maintained at 25.5/26 sens level come what may, even with a substantial loss declared for current qtr.!
Btw VT only owns about 56% of BJCorp, so whatever happens, the minority will still benefit...

Wah! macai open new account today just to comment?

No need to bother about the noise from VT's macais...just only need to remember Stockraider's advise...now is the time for VT Macais to collect on the low as they also wants to earn money like the Boss?

"I believe VT will still offer a reasonable price substantially higher price than the current price of rm 0.205 loh....but he will get his macai to collect as much as possible cheap cheap instead of buying on the up bland on the up, his macai will accumulate on the down loh...!!

If u have your have bland just hang on loh....try to follow VT macai accumulate on the down, in order to benefit fully on VT privatization play loh..!

Do not despair loh....even Bursa suspend....eventually VT will still offer u an exit privatization price, don forget VT macai also quietly collecting too...they also want to make monies together with his boss loh....!!"

So many macais in action 2day? Anyway there will be a response from South Korean Govt's on Berjaya Jeju Compensation before 17 October? before the 3 months deadline to enforce arbitration through the BIT.

"Berjaya Land Berhad (BLB), a subsidiary of Berjaya Group of Malaysia brought an ISDS case against South Korea, claiming damages of KRW 4.4 trillion (around 4.0 billion in USD). According to the Ministry of Justice, Berjaya’s Notice of Intent under the Korea-Malaysia BIT of 1989 was submitted on 17 July, 2019."

http://isds.bilaterals.org/?10th-isds-case-against-south-korea

Looks like VT will be visiting Berjaya Hills soon and the possibility of returning to the Casino project as a way of assisting in development of local tourism and hospitality industries to raise more funds to assist Govt. in it's development programs?

https://news.worldcasinodirectory.com/former-berjaya-group-boss-may-revisit-malaysian-casino-license-application-38500

When Macais t3t4 something's is up?

VT and his macais off course...

Sell BJToto 2 buy BJLand or pay dividends to own self as 85% majority owner? what an interesting trade-off...

More Macais at work? Looks more like lefthand to righthand buy/sales again in the absence of any news!

Maybe that's why BJLand has been monetising BJToto shares lately?

Must be on the right track to elicit a response from management...

Anyway any actions will definitely have a reaction, is it the signal we are looking for from VT?

Most probably to raise cash to restructure BJGroup by killing 3 birds (BJCorp, BJLand & BJMedia) with one stone in order to meet Bursa deadline on 20 October 2019 for BJMedia to enter into a definitive agreement with a white knight before BJMedia is delisted?

https://www.klsescreener.com/v2/announcements/view/29073146

Right! BJCorp & VT can only get the cash once BJLand announce dividend as now cash rich?

U can see the link here in previous announcement...

https://www.thestar.com.my/business/business-news/2011/04/30/bland-subsidiary-sells-btoto-shares/

Just wondering why VT's macais is so active this few days? Also the conversion ratio between BJLand & BJCorp is still maintained whatever the price? Already passed 2 months from BJLand's legal notice to South Korea on Berjaya Jeju Compensation/Negotiation dated 17 July...There should be a response coming anytime??? Is this the signal that the End is Near!

https://youtu.be/uS8R8fcC_OY

Just a small distraction, nothing to be excited about...sale of 1 million shares (0 2%) by BJLand 's wholly-owned subsidiary, Gateway Benefit Sdn Bhd. maybe just a normal buy & sell transaction which hasn't changed the fact that BJCorp & VT still owns more than 85% of shares in breach of Bursa's listing requirements. Also remember the hoard of BJLand held treasury shares not counted in the 85%？.

Notice that, there is no more unlimited shares on sale, VT's just maintaining a semblance of sufficient liquidity to satisfy Bursa before his next steps materialize.

https://www.thestar.com.my/business/business-news/2011/04/30/bland-subsidiary-sells-btoto-shares/

Maybe singing the same old songs? Anyway no worries as the volume of trading still indicate sufficient liquidity levels, only VT lose some brokers' fees..can still eat nasi lemak with peha aym kampung...

"Only Bursa Malaysia has the sole right to decide the listing status of companies that do not meet the public spread requirements. Bursa Malaysia may choose to keep such companies listed if it deems the liquidity level sufficient for trading...

The power to delist is in the hands of investors. “If they think that the offer price is too low, then they should not accept it. And when investors accept the offer, they [investors] are essentially facilitating the move by the company to leave the stock market, as once the offeror has a 90% acceptance rate, the offeror can proceed to compulsorily acquire the company and proceed to take it private”

http://www.sidc.com.my/about-sidc/news-room/in-the-news/2007/what-happens-when-the-public-spread-of-the-company

Yup it's a freeworld out there, only fools can't see it? Only just don't work overtime for the Boss? Btw just wondering why VT's macais so active lately? unless the End is Near!

https://youtu.be/uS8R8fcC_OY

Just be patient like VT...Behold the year of the Water Dragon! born 23 Feb. 1952 the birthday of VT...

To understand more on how he works, read link below:

https://www.fengshuiweb.co.uk/animals/waterdragon.htm

The higher the better... good for Malaysia"s economy and more spending power for BJGroup's services leads to higher profitability in the coming months...

https://www.nst.com.my/business/2019/04/479648/malaysias-economy-pick-2h-higher-oil-prices

That's why the opposite will be true if the Scrooge goes west?

Why work overtime for the Boss? Chill it! Go for your holidays there's a long break ahead, unless the End is Near!

https://youtu.be/uS8R8fcC_OY

You hit the nail! Btw Morvin when to China a few days ago to promote BJLand high-end properties in Malaysia to Chinese Buyers? while waiting for Govt's budget incentives to be announced? & currently in Macau to negotiate with prospective partners for Casino/Sports betting in Myanmar/Vietnam? On the Road2Billionaire...

"U don't Get paid for Ideas, U get paid for doing it Right!"

Ur right!!! Bye Bye..Don't stick around here anymore???

All BJLand shareholders are Brothers & Sisters, we grow & sink together so better stand United for a better deal from VT.

As said before, VT's last card is to offer to convert shareholders shares in BJLand to BJCorp preferably on the same ratio (30/38) as the earlier Penta/BJCorp deal in the event of a delisting. That's why BJCorp's share price at 25.5 - 26 sens has been maintained eventhough it reported a large impairment loss for current Qtr.

Old news!

What poker game? Remember out of 15% free-floating shares, about 11% still held by Institutional shareholders. Maybe VT wants your portion of the shares to add on to his 85% in order to trigger the 90% threshold for privatisation/delisting?

In the meantime... Property companies including BJLand with high-end projects such as Ritz Carlton, The Tropika Bukit Jalil is expected to benefit from Govt's move for HOC starting with Hong Kong/China to be announced with more details in the coming Budget?

https://www.theedgemarkets.com/article/putrajaya-aims-organise-home-ownership-campaign-china-or-hong-kong

https://www.edgeprop.my/content/1475250/berjaya-land-begins-2019-tropika-launch-bukit-jalil