When u consult Ur lawyer... remember to ask about Section 213 of the Companies Act 2016 (“Companies Act”) (formally section 132 of the Companies Act 1965) provides that directors must: at all times exercise their powers for a proper purpose and in good faith in the best interest of the company; and. exercise reasonable care, skill and diligence when directors of BJCorp/ BJLand made the Penta deal and also include Bursa/SC in Ur suit?

The dark horse and main beneficiary BJCorp with 85% majority shares in BJLand still defy gravity at 26 sens even after announcing a massive loss for this Qtr.? definitely something is brewing at Berjaya? Ini Kali lah!

No need for sweeping statement.

READ THE Notice of Intent dated 17 July 2019 from BJLand to South Korea Govt carefully..
"This Letter serves as a notice of dispute between BLB & S.Korea Govt. Pursuant to Art. 9 of Malaysia-Korea BIT...BLB invites S.Korea Govt to reach an amicable settlement with Korea within 3 months of this Letter..."

Means we will have an official response from S. Korea Govt to BJLand regarding amicable settlement of dispute before 17 October 2019?

https://ibb.co/ynmYgKq

Here's more news on BJLand Jeju ISDS case against South Korea...

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

Copy of BJLand's Notice of Intent
https://drive.google.com/file/d/1ZbyMaT_HLtVQq0tbQZVdHFeOz48mjDQL/view?usp=drivesdk

Water Dragon will rarely let an opportunity be missed, after so much efforts to get the shares cheap even risking Bursa/SC's actions?

Since VT already got so much money back and even more money after October for his planned activities, don't think he can afford a six months suspension as it will affect BJCorp as the 85% majority shareholder since VT's direct interest in BJLand is less the 2%,?

Don't think VT can afford to wait much...as there is no extension by Bursa and the money will be coming back soon from October to year end from... Compensation from Jeju Korea, GMOC Arbitration, Selangor Turf Club Compensation & Sale of FS Kyoto...also with the money coming from the Samurai Bonds from Japan...Govt will kick-off infrastructure projects related to Bandar Malaysia & HS Rail soon...very sure BJLand with extensive properties & land in the surrounding area will gain in substantial value and VT might get some related projects too?

Already worked so hard for so many years & spent so much money to push down the share price to this level...will he let this opportunity to be missed and share the benefits to be reaped soon with anybody?

Will VT let this golden opportunity be missed?

Characteristics of the Water Dragon: 1952, 2012

This type of Dragon is an intelligent, friendly and relaxed person. They will rarely let an opportunity be missed. The difference from the Water Dragon to the other types is that they are happy to wait for results to happen rather than see results straight away.

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

You think sell 17.5 million shares can push down to 15.5 sens meh? from my observations need at least 5 million shares to push down even 0 5 sens, so 17.5 million shares can only yield a drop of 1.75 sens?

Be4 u can pop the question...SC/Bursa would have acted already on VT's current moves...

在旁观者之眼或欺骗者中是欺骗吗？

This is the Endgame...those who can't wait just sell ...what is a few months...compared to VT who has waited years for this golden opportunity...very sure someone will take Ur shares including VT...

Right! Sedikit-sedikit lama-lama jadi Bukit!
Btw VT will be meeting TunM at Kyoto Four Seasons later today...very sure he will be privy to the latest money making projects after the Samurai bonds to fund infrastructure projects like Bandar Malaysia development? High Speed Rail project? since very near to Selangor Turf Club land?

https://www.dbs.com/aics/templatedata/article/generic/data/en/GR/042019/190422_insights_malaysia_construction.xml

Maybank Investment Bank Bhd’s chief executive officer Fad’l Mohamed said that mergers and acquisitions (M&A) activity will be a recurring theme for Malaysian corporates in the second half of the year.

He said that M&As and privatisation had moved at a fast pace with ten attempts during the first half of the year (1H2019) as the broad market weakness had unlocked values.

“Companies in the Property (BJLand?), Steel, Plantation and Technology sectors are among those that may see further M&A activity, as these sectors are in the midst of a down cycle.

https://www.nst.com.my/business/2019/08/513810/malaysias-economy-be-driven-ongoing-mega-projects-2h-2019

Day traders is only a means for advancing...Why nasi lemak? when can eat Shashimi for desert and Wagyu & Truffles for the main course!

KFC sudah ada! boleh tambah Shashimi ala Kyoto FS?

Surprisingly...the main beneficiary & 85% shareholder, BJCorp remains @25.5 sens & defy gravity through all this even after announcing a high loss for current Qtr. Anybody noticed?

Will VT & Sons replicate Chen's success on the Road2Billionaire in Myanmar with their foothold in the public & mixed development project?

https://www.forbes.com/sites/muhammadcohen/2018/03/07/malaysias-richest-2018-how-accidental-casino-billionaire-chen-lip-keongs-cambodia-bet-paid-off/amp/

Back to lefthand to righthand again? Buyers & Sellers strength the same? Opportunity don't come when u don't see it?

Kasi sell more please? Why eat nasi lemak when can eat KFC or MCD or even Lobster?

U are right VT got many dealers & remisiers at Inter-Pac to do his biddings in order to eat nasi lemak everyday..

Presently there is a combined headcount of approximately 400 staff, dealers and remisiers.

Inter-Pacific Securities Sdn Bhd (“IPS”) is a wholly owned subsidiary of Inter-Pacific Capital Sdn Bhd (“IPC”), an investment holding company. IPC is in turn a subsidiary of Berjaya Corporation Berhad.

https://www.interpac.com.my/about-us/

There are a few milestones to cross first...but a few in the radar happens next month to EOY:
#Outcome of Selangor Turf Club Compensation RM500m?
#Outcome of Korea Jeju Mediation/Arbitration Compensation RM15b?
#Outcome GMOC, China Arbitration RM600m?
# Sale of FS Kyoto RM1.6b?

btw Bursa just issued public "CONSULTATION PAPER NO. 3/2019 ON THE PROPOSED AMENDMENTS TO THE MAIN MARKET AND ACE MARKET LISTING REQUIREMENTS IN RELATION TO NEW ISSUE OF SECURITIES AND OTHERS"

It's your good chance to ask Bursa to adopt SGX's new listing rules for protection of minority rights to prevent VT & gang from "Bermaharajalela" at Bursa?

http://www.bursamalaysia.com/market/regulation/rules/public-consultation

Just a recap...

https://klse.i3investor.com/m/blog/laulauramblings/147946.jsp

Some updates for VT?

https://www.mmtimes.com/news/foreign-casino-operators-looking-set-myanmar.html

Aiya ..ah bah & kasi same person? don't be so desperate lah!...are u under duress by Boss to perform? thought u only come back EOY? Btw guess who's the 85% major shareholder? VT & BJCorp? means it's time to sell BJCorp & buy BJLand as still got 5 sens premium mah..

Don't worry VT will have plenty of business opportunities in Myanmar, esp in Casino & Gambling biz apart from property development in the near future :)

https://www.mmtimes.com/news/myanmar-works-improve-corruption-image.html

Good move by VT to get your foot in the door in Myanmar? Btw biz & politics don't mix, further Myanmar is part of ASEAN and maintains a embassy in KL, Malaysia.

"Although the relations become strained in late 2016 (previous BN Govt.) due to the Rohingya issues, the relations remained stable after the meeting between both countries armed forces chief to playing down the issues. Myanmar currently has an embassy in Kuala Lumpur, and Malaysia has an embassy in Yangon."

To enter a business organization at a low level, but with a chance of being more successful in the future"

Btw Myanmar Parliament, just passed The Gambling Law (“GL”) on 7 May 2019 to allow Casino & Gambling..

ttps://www.dfdl.com/resources/legal-and-tax-updates/myanmar-legal-alert-new-gambling-law-permits-casinos-to-operate-in-myanmar/

Why so many active operatives 2day right after VT posted notice his intention to trade under chapter 14?

Just wondering why there is still unlimited buying at 25.5/25 sens for BJCorp with 14.72 million buyers vs 1.94 million sellers unless something's brewing? Btw BJCorp just posted a notice of dealings in listed security under chapter 14 of VT interest to buy more BJCorp shares dated 30/8/19?

That why it's purposely pressed low to justify the quantum of Berjaya's KRW4.4 Trillion or RM15.5 Billion claim against Korean Government for Berjaya's loss as a consequence of cancellation of the Jeju Development, that's why BJLand/BJCorp has been pressed so low!

After the mediation/arbitration dispute has been settled in October on a GtoG basis?, the price of BJLand/BJCorp will not be kept so low anymore...VT may not care for minorities in general but very sure he will care for the profits when it's finally comes as he is the biggest shareholder after all as his team has cleaned the balance sheets for BJGroup of companies lately through all the non monetary impairment provisions which will be written back as gains in the near future.

Appreciate Freetospeak to elaborate further on this?

Berjaya said in a statement of arbitration that the company has incurred at least about KRW4.4 trillion (direct loss of about KRW300 billion (RM1.042 B) and loss of about KRW4.1 trillion (RM14.244 B) from loss in share values of BJLand/BJCorp shares.?

A Better Translation?

Ministry of Justice, State Coordination Bureau, Ministry of Land, Infrastructure and Home Affairs, Ministry of Land, Infrastructure and Tourism, Jeju International Investment Dispute Response Team for Yerae Recreational Residential Complex

Malaysian nationals have submitted a letter of intent to arbitrate the Investor-State Dispute Settlement (ISDS) against the Government of the Republic of Korea regarding the Jeju Yeorae Recreational Residential Complex project. We decided to correspond.

Berjaya Land Berhad submitted a Notice of Intent to the Government of the Republic of Korea on the 17th under the Agreement on the Promotion and Protection of Korea-Malaysia Investment (BIT).

The Letter of Intent is a written notice stating that the claimant intends to file a mediation, not a formal arbitration.

In an arbitration intention, Berjaya agreed on the 'BIT on the Promotion and Protection of Korea-Malaysia Investment' by the Jeju Free International City Development Center (JDC) and the court of the Republic of Korea unfairly treating Berjaya during the development of the Jeju Recreational Residential Complex. Allegedly violated its investor protection obligations.

Berjaya said in a statement of arbitration that the company has incurred at least about KRW4.4 trillion (direct loss of about KRW300 billion and loss of about KRW4.1 trillion).

Berjaya was not informed in the arbitration of the lawsuit concerning the legality of expropriation of land for the land offered by the Jeju Free International City Development Center at the time of the joint venture agreement in April 2008. The court alleged that the Supreme Court's decision to cancel the acceptance of the settlement was incapable of proceeding with the project.

When formal mediations are filed, things get complicated. If the dispute is not resolved, the case shall be referred to arbitration. Regardless of the ongoing lawsuit, it is possible and our government cannot refuse it.

Arbitral awards are limited to the financial loss of the investor, the applicable interest, and the restoration of property. Once the arbitral award is concluded, it has its own strength. The petition itself is impossible, so it is impossible.

The government plans to actively respond by forming a joint response system by forming the 'International Investment Dispute Response Team (Director of the Ministry of Justice), which includes the Ministry of Land, Infrastructure and Transport, the Ministry of Strategy and Finance, the Ministry of Strategy and Finance, the Ministry of Foreign Affairs, the Ministry of Trade, Industry and Energy, and Jeju Island. .

The arbitration proceedings and disputes will be undertaken by the Ministry of Justice's International Legal Affairs Department, the General Affairs Bureau will be responsible for the BIT, and the Ministry of Land, Infrastructure and Transport will be in charge of the Jeju Island Development Project.

Yerae Recreational Residential Complex Project is a large-scale tourism development complex where Berjaya Jeju Resort invests 2.5 trillion won from 2008 to 2017 on the 74,1193㎡ site of Yerae-dong, Seogwipo-si.

The Supreme Court hit a turning point in March 2015, judging JDC's land acceptance decision on its business sites. The business ran into a wall when the court interpreted the defect as apparent until the disposal of the business.

Among the 9 phases of the project, from March 2013, the construction of the 149 households of Gotjawal Village with a total area of ​​39,9448㎡ on the business site was completed.

When the issue of land acceptance and the licensing process arose, Berjaya filed a lawsuit against the JDC on November 6, 2015, demanding an astronomical compensation of 350 billion won.

What KFC? The last around already eating Lobsters & Abalone..next round should be eating White Truffles & Wagyu...

Good move by VT to get your foot in the door in Myanmar?

"To enter a business or organization at a low level, but with a chance of being more successful in the future"

Btw Myanmar Parliament, just passed The Gambling Law (“GL”) on 7 May 2019 to allow Casino & Gambling..

ttps://www.dfdl.com/resources/legal-and-tax-updates/myanmar-legal-alert-new-gambling-law-permits-casinos-to-operate-in-myanmar/

Since u are looking at BJCorp & has financial background, here's latest BJCorp Capital Structure from WSJ for your info:

Total Debt to total capital: 45.87%
Total Debt to total assets : 28.63%
Long-term debt to equity : 40.26%
Long-term debt to total capital : 21.79%
Long-term debt to assets : 0.14%

Liquidity:
Current Ratio: 0.99%
Quick ratio : 0.61%
Cash ratiio:: 0.28%

Acceptable current ratios vary from industry to industry and are generally between 1.5% and 3% for healthy businesses... Eventhough BJCorp's current ratio is 0.99%, It's current assets still meets current liabilities and so far no problems to meet it short term obligations as it is still a going concern. Having said that, in order to move forward to a more acceptable industry norm for current ratio, BJCorp needs be restructured to streamline its operations, reduce overlaps & increase assets/mgt utilisation efficiency etc.

Details below:
https://ibb.co/FYy4c6J
https://quotes.wsj.com/MY/3395/financials

Since u all keep harping on the debt...just look at BJLand's capital structure below:
https://ibb.co/2FrpbbF
Total debt to total equity: 69.66%
Total debt to total capital: 41.06%
Total debts to total assets: 23.53%
Interest coverage: 2.37%

"The interest coverage ratio (ICR) is a measure of a company's ability to meet its interest payments. Interest coverage ratio is equal to earnings before interest and taxes (EBIT) for a time period, often one year, divided by interest expenses for the same time period."

From the above, Total Debts to Total Assets is only 23.53%. While Interest Coverage only 2.37%, so BJLand has no issues to pay interest on its debt.

Further Total Debt to Total Capital is only 41.06% which is sup sup soi for VT

Happy Merdeka! Enjoy Ur weekend...

No more Ivan?

Something of interest?

https://www.theedgemarkets.com/article/should-regulators-make-privatisation-more-difficult-bursa

VT definitely has a plan as he has to do something before 20/10/19 for the Group's reorganization plan?

Bursa Securities’ right to proceed to suspend the trading of the listed securities of BMedia and to de-list the Company in the event:-

the Company fails to enter into the said definitive agreement by 20 October 2019;
the Company fails to submit the Plan to the regulatory authorities on or before 20 December 2019;
the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of the Plan; and
the Company fails to implement the Plan within the time frame or extended time frame stipulated by any of the regulatory authorities

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

That catalyst could be coming sooner than you think? Btw our internet star didn't post anything apart from complaining...can only eat, drink & sleeping after reaching FS Kyoto? Under news Embargo?

"Chinese desire for Kyoto ‘villas’ pushing up prices in city"

http://www.asahi.com/sp/ajw/articles/AJ201901220005.html

Lost RM110 million can still maintain price at 26 sens for BJCorp today? Bravo to VT & team for preserving the conversion ratio?

Thiese 2 days before 3rd September is the end of 6 months from the Penta 38/30 deal with BJCorp for BJLand shares, very important for VT to calculate the 5 days VWAP needed for the initial offer? so don't be distracted by the noise.

Similarly the Dow went up 258.2 points yesterday because recession isn't happening tomorrow so don't pour away the water just because of the sound of thunder.

https://www-barrons-com.cdn.ampproject.org/v/s/www.barrons.com/amp/articles/dow-jones-industrial-average-gains-as-a-recession-isnt-happening-tomorrow-51567025744?amp_js_v=a2&amp_gsa=1&usqp=mq331AQEKAFwAQ%3D%3D#aoh=15670505765587&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s

If BJCorp lossed RM110 million this Qtr &. Still remains at 25.5 sens & can't fall?

Since already boarded...should sell BJCorp & buy BJLand as still got 5 sens premium? Remember a sword cuts both ways, when u make too much non monetary inpairment losses. Hopefully VT & team can defend @ 25 5 sens?

Should play catch-up to BJCorp today. According to BJCorp's latest Qtr. results just released, made a loss of RM 110.4 million after tax & minority interest on a Turnover of 1.42 Billion and still worth 25.5 sens?

The beautiful part is the peg at 25.5 sens for BJCorp has been there for months! Apparently VT is not willing to sell lower than that in the daily lefthand to righthand exercise...just wondering why?

Based on the consolidated 14 months results just announced, BJLand made a RM351 million net profit for the period, on a Turnover of RM7.32 Billion, with basic earnings of 2.97 sens per share which is not bad.

For the coming AGM, VT might just announce a dividend for himself & minority?

https://ibb.co/mCYvTJR