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

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."

Come to think about it, it's unusual no update from Chryseis on her Biz Trip to Japan last week to meet potential buyers for FS Kyoto?

As a self proclaimed minority, why so unhappy when it goes up? plans spoiled Liao?

At EInvest...here's the link

https://ibb.co/n8J99Wk

Anybody realised the Syndicate placed a big 25.3 million buy order for BJCorp @ 25.5 sens. It has not been broken since last month? Anything to do with the conversion ratio for BJLand should delisting/privatisation comes?

Our Kasixxxxxx! the new CEO???

https://www.theedgemarkets.com/article/berjaya-land-redesignates-ed-syed-ali-ceo

Some midnight oil reading on Guide to Takeovers in Malaysia to share.

https://www.sc.com.my/regulation/guidelines/take-overs-code

Reminds us of Lazada...will there be more "Flash Sales" until end of month be4 the 14 months results are out from VT Mall?

Just wondering where is the unlimited seller now? Also why the so-called foreign funds that is short of cash not selling cheap anmore?

Samurai Bonds is actually the nice guy since it's a long term 10 years loan with 0.65% interest rate use to off set the 1MDB loans @ 5.99%

https://loanstreet.com.my/learning-centre/what-is-samurai-bond-malaysia

Ask MSWG to speed things up with Bursa/SC for the benefits of all..somebody to alert relevant authorities on this matter!

"The move by the Singapore Exchange (SGX) to allow independent shareholders, including minority ones, a better exit value is worth considering in the context of Malaysian delisting rules, according to the Minority Shareholders Watch Group (MSWG).

Analysts agree that minority shareholders, among others, would secure a better deal in the form of higher premium payments from bidders when taking a listed firm private if the delisting rules were to be amended in line with the city-state."

https://www.thestar.com.my/business/business-news/2019/07/17/a-better-deal/

Why not...just mirror Tony's idea "Now Everybody Can Stay" to Enjoy Berjaya's Hospitality & Food?. It will be a great marketing exercise to promote Berjaya's hotels worldwide & provide much goodwill. Can send the free stay vouchers with the coming Annual 2019 Report?

Just wondering at the same time, after selling down BJLand why the Syndicate placed a 39.5 mil buy order @25.5 sens for BJCorp? Has been there for a few weeks already but so far not many willing sellers, many still wants VT's stock?

Right! it's the best chance for VT to come out smelling like roses, after all 38 sens times 500 mil shares is only RM190 mill...

Penta used to own 166 million or 3.3% of BJLand shares as of March 2019..If Penta is the nett seller since March until August at the rate of 10 million shares each Bursa day. If there are 100 Bursa days during this periiod, don't think Penta has much shares left if it is short of cash?

https://ibb.co/mDR7PVf

Ini Kali lah!

Everyone needs to cooperate to pre-emp any hanky-panky from happening and prevent SC/Bursa from giving anymore extensions to BJCorp/BJLand by alerting all biz newspapers like the:

Edge Malaysia,
https://m.facebook.com/theedgemalaysia/

Malaysiakini
https://m.malaysiakini.com/en

The Star Online
https://www.thestar.com.my/news/latest?tag=Business

NSTP
https://www.nst.com.my/

Btw what happened to shortinvestors77's open letter to SC/Bursa, deleted by whom? Should forward it to all relevant authorities including :

Minorities Shareholders Watch Group (MSWG)
http://www.mswg.org.my/

and also MACC
https://www.sprm.gov.my/index.php/en/121-risalah/401-cara-membuat-adua...

20% is very few, 15% already an exception and 10% is impossible as:

There is no way SC will allow a lower public spread of 10% or lower as according to SC Main Practice Notes, this will triggers:

5.0 Suspension where the public shareholding or unit holding spread is 10% or less and related disclosure requirements
​ ​
​5.1 Pursuant to paragraph 16.02(2) of the Listing Requirements, where the public shareholding or unit holding spread of a listed issuer is 10% or less of the total number of listed shares (excluding treasury shares) or listed units ("Threshold"), a suspension will be imposed by the Exchange.

http://customer.bursamalaysia.com:8080/MainLR/Pages/MainPracticeNote19.aspx

https://cn.cari.com.my/forum.php?mod=viewthread&tid=2006988&extra=&ordertype=1&mobile

Actually the conditional sale agreement for Penta to sell to BJLand shares to BJCorp was 30 Jan 2019.

However the actual completion date of share swap of BJLand shares by Penta & BJCorp was only completed on 6 March 2019.

Therefore the 38 sens share swap offer by BJCorp for Penta's BJLand shares still stands until 6 Sept. 2019 (6 Mths). Anybody can counter verify at link below...

Refer pg. 2893#

htps://cn.cari.com.my/forum.php?mod=viewthread&tid=2006988&extra=&ordertype=1&mobile=2

It's important to pre-emp any hanky-panky from happening and prevent SC/Bursa from giving anymore extensions to BJCorp/BJLand by alerting all biz newspapers like the:

Edge Malaysia,
https://m.facebook.com/theedgemalaysia/

Malaysiakini
https://m.malaysiakini.com/en

The Star Online
https://www.thestar.com.my/news/latest?tag=Business

NSTP
https://www.nst.com.my/

Btw what happened to shortinvestors77's open letter to SC/Bursa, deleted by whom? Should forward it to all relevant authorities including :

Minorities Shareholders Watch Group (MSWG)
http://www.mswg.org.my/

and also MACC
https://www.sprm.gov.my/index.php/en/121-risalah/401-cara-membuat-aduan

Btw Since BJLand/BJCorp AGM is end of the month, it's a good time for VT to announce any restructuring to BJGroup since BJMedia also needs to present a Regularisation Plan to SC on an urgent basis?

Actually we need to give VT credit when it's due:
* Last week VT's family was in Japan specifically FS Kyoto.. but why hush it up? was it to meet-up a prospective buyer from US?...after all even Kim Kardashian gave her thumb's up during her stay there last week?
* Also Morvin went to Monaco last week to follow-up with potential biz collaborations after VT's meeting with Prince Albert after the Icelandair Hotels purchase?
* Also according to the Korea news report below: resolution on Compensation from Jeju Korea may come in 3 month's time by Oct/Nov? That's why VT jumped the gun to breach Bursa's free-float threshold of 85,%?

https://translate.googleusercontent.com/translate_c?depth=2&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=http://m.jemin.com/news/articleView.html%3Fidxno%3D608977&xid=17259,15700021,15700186,15700190,15700256,15700259,15700262,15700265&usg=ALkJrhiTROy88S70QCsESbjcr7-3niJGcA

It's important to pre-emp any hanky-panky from happening and prevent SC/Bursa from giving anymore extensions to BJCorp/BJLand by alerting all biz newspapers like the:

Edge Malaysia,
https://m.facebook.com/theedgemalaysia/

Malaysiakini
https://m.malaysiakini.com/en

The Star Online
https://www.thestar.com.my/news/latest?tag=Business

NSTP
https://www.nst.com.my/

Btw what happened to shortinvestors77's open letter to SC/Bursa, deleted by whom? Should forward it to all relevant authorities including :

Minorities Shareholders Watch Group (MSWG)
http://www.mswg.org.my/

and also MACC
https://www.sprm.gov.my/index.php/en/121-risalah/401-cara-membuat-aduan

Btw Since BJLand/BJCorp AGM is end of the month, it's a good time for VT to announce any restructuring to BJGroup since BJMedia also needs to present a Regularisation Plan to SC on an urgent basis?

If Public spread now is just 14.86%!! Means SC/Bursa's free-float requirements of at least 85% has been breached! Don't think there will be further extensions from the authorities?

And only 750,000,000 million or 15% free floating BJLand shares left Vs BJCorp with 5,214,000,000 shares worth 26 sens each!

Only 0.316% to breach 85% for delisting/privatisation?

Remember this announcement? Maybe VT wanna trigger the free float requirements imposed by Bursa today?

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD

BERJAYA LAND BERHAD
TypeAnnouncementSubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIODDescriptionIntention to deal during closed period

Berjaya Land Berhad ("BLand") has received a notification dated 26 July 2019 from Tan Sri Dato' Seri Vincent Tan Chee Yioun, a Director of Sports Toto Malaysia Sdn Bhd, a major subsidiary of BLand, that he intends to deal in the securities of BLand during the closed period. His interest in the securities of BLand as at 26 July 2019 is set out in the table below:


No. of Ordinary Shares
%
Direct Interest
69,150,400
1.386
Indirect Interest
4,156,086,872
83.298
Total
4,225,237,272
84.684

This Announcement is dated 26 July 2019.

https://amp-theatlantic-com.cdn.ampproject.org/v/s/amp.theatlantic.com/amp/article/7446/?amp_js_v=a2&amp_gsa=1&usqp=mq331AQEKAFwAQ%3D%3D#aoh=15647183982585&csi=1&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.theatlantic.com%2Ftechnology%2Farchive%2F2006%2F09%2Fthe-boiled-frog-myth-stop-the-lying-now%2F7446%2F

That's the best from VT? Actually that is a lefthand to righthand block, not a sell queue, why panic in the absence of any news?

Actually look at the mirror...all are influencers just following the wind?

So confirmed? Kaki Lang? As said be4, the key is BJCorp..

https://www.klsescreener.com/v2/announcements/view/29022070

Btw who is Syed Ali seems to be deeply involved with BJLand projects?

https://www.klsescreener.com/v2/announcements/view/29022070

As said before the key is BJCorp as majority owner not VT? Why put a big 25 4 million block at 25.5 sens? To preserve the conversion ratio?

BJMedia PN17 & loss making still worth 17 sens? While BJLand, profit making with cash in millions closed at 16 sens today?

English version for news update on Korea Jeju court case:
https://translate.googleusercontent.com/translate_c?depth=2&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=http://m.jemin.com/news/articleView.html%3Fidxno%3D608977&xid=17259,15700021,15700186,15700190,15700256,15700259,15700262,15700265&usg=ALkJrhiTROy88S70QCsESbjcr7-3niJGcA

Expected dispute settlement within 3 months by October or EOY?

To kill 2 birds with one stone i.e to have volume to meet Bursa requirements for free float & press down the price to justify better compensation for Korea Govt. on JeJu project coming to completion with Govt. intervention through "the Agreement on the Promotion and Protection of Investment between Korea and Malaysia, entered into force in 1989"

https://translate.googleusercontent.com/translate_c?depth=2&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=http://m.jemin.com/news/articleView.html%3Fidxno%3D608977&xid=17259,15700021,15700186,15700190,15700256,15700259,15700262,15700265&usg=ALkJrhiTROy88S70QCsESbjcr7-3niJGcA

Thxs for the inside knowledge/update. Most impairment loss on JeJu Korea project has been provided for earlier in Berjaya Group's accounts. So no more surprises, any compensation from Korea will be a Bonus!. Looks like VT might use his cables with TunM for a G2G resolution soon?

Any updates on the following?
* Selangor Turf Club land and outcome of Selangor Govt's appeal on Compensation to Berjaya?
* GMOC Arbitration for RM600 million as coming to year 2 already & sale of FS Kyoto, as apparently there is an embargo on VT/Family's hush hush trip to Japan last week?

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 buying 1% more to activate public float limit 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.

What it means is the VT syndicate has been very active for this few months? They have been using influencers who masquerade as minority & used loss leaders to influence/manipulate the market direction even when it's clear cut that the company is recovering and making profits.But at the end of the day nothing is given out for free. Anything done be must for a purpose, the syndicate will recoup their investment soon?

Points to ponder?
* VT has been selling assets for a profit lately
* He also pondering to sell more assets like FS Kyoto for profit
* He or his family has been going for overseas biz trips almost weekly?
* Also most of the major court cases concerning compensation for BJLand will have an outcome by EOY?
* Umobile will be listed latest 2020 & VT already stated his intention to list BJLand's hotels on SGX
* VT also has been on a lookout to acquire profitable hotel biz for his empire through BJLand in line with his listing plans on SGX?

Why not? See example of previous approval given by biz friendly SGX to VT for BJGroup.

https://www.thestar.com.my/business/business-news/2013/07/30/toto-trust-to-list-in-singapore-by-q4/

PCSO is wholly owned by Philippines Govt. directly under President Duterte. Has nothing to do with BJToto.

https://www.pcso.gov.ph/

More news on Icelandair hotel purchase & BJLand's property at Geirs­gata 11, Reykja­vík, as potential locati­on for a super luxury hotel?

https://www.mbl.is/ferdalog/frettir/2019/07/17/tan_wants_to_build_luxury_hotel_in_iceland/

More updates on BJland projects in Okinawa & Iceland.
https://www.nst.com.my/property/2019/07/507144/tan-sets-sights-okinawa

Corrections.. BJCorp not VT as owns 85% of BJLand? Interesting to note that VT owns 56% of BJCorp...so what benefits VT will also benefit minority after the offer to convert to BJCorp shares?

Let's hope somebody sells it down to 16 sens so that we ends up with the following?
# BJToto valued @26 sens per share
# FS Kyoto valued @15 sens per share as half belongs to BJLand?
# GMOC arbitration valued @6 sens per share?
# That not even counting it's property & HR Owens assets and extensive landbank locally & overseas?
# Also most major impairments has be accounted for, so no more surprises?

The Macquarie Bank used to own 4% already sold to Penta and later sold to BJCorp leaving Penta with 3%...that means out of 15%, balance of 12% should be owned by minority? The block at 17.5 sens is to cap the price by VT & associates before delisting/privatisation?

Quote
"Speaking to the media, Tan, the executive chairman of BCorp, said the restructuring exercise would enable BCorp to acquire the prized assets held by the listed subsidiaries at the current cheap valuations."

Recap on proposed restructuring?
https://www.malaysiainternet.my/2018/12/vincent-tan-to-restructure-his-business-empire/

Buy one free one BJCorp possible if delisted/privatised since conversion ratio is maintained whatever the price?

There are vultures waiting for forced selling by weak holders or big shark? Looks like got lower cap of 17 sens for BJLand & upper cap of 26 sens for BJCorp to maintain the conversion ratio should there be delisting/privatisation exercise?

Anyway there should be resolution for some of these court cases EOY from hints given by Mgt. below?

"kahhoeng Major court cases:

1. Sungai Besi Turf Club land dispute
- The hearing of the Selangor State Government's appeal at the Court of Appeal has been fixed for 24 October 2019.

2. China Property Project Disposal
- Further to the last quarterly report, the arbitral tribunal has since been constituted and the procedural timetable has been determined by the tribunal for pre-trial preparations, including closing of pleadings and exchange of witness statements, etc. The tribunal has directed that the arbitration hearing will take place on 14 to 18 October 2019.

3. Jeju Island Property Project
- In July 2018, BJR made an application to the court in the JDC Lawsuit to conduct a second supplementary land price appraisal report, as BJR was dissatisfied with the first supplementary land appraisal report which was based on disputable land reference. The court in the JDC Lawsuit granted BJR's application to conduct a second supplementary appraisal, to be undertaken by a different appraiser. The second supplementary land price appraisal report has been completed and the next hearing date has been set on 25 July 2019."

If wants to buy cheap, can only wait for forced selling or big shark to sell? Looks like value & long term investors are holding & just biding their time?

VM2020!

https://www.thestar.com.my/news/nation/2019/07/22/dr-m-unveils-vm-2020-logo-sets-30-million-tourist-arrivals-target/