U Mobile IPO end of July?
A Malaysian telecommunications firm controlled by billionaire T Ananda Krishnan, is considering buying out U Mobile Sdn Bhd to help it expand in the Asian country, according to people with knowledge of the matter.
..................
“We are rejecting Maxis' offer,” Tan wrote in response to a query from Bloomberg. “We are submitting for an IPO at the end of this month.”
https://theedgemalaysia.com/node/719209

Relook at potential business / good news that I could think that could happen in BJC
1. Redtone / U-Mobile partner with foreign company for 5G
2. Recycle Waste to Energy
3. Fintec / Digital Banking
4. Pharmacy business expansion
5. Partner with technology company for SMART / IR4.0 solution
6. Automotive industry - EV
7. Ansa Broadcast related?
8. Tioman airport?
Maybe...

American Century Investment Management, Inc., Mackenzie Financial Corp., AQR Capital Management LLC, & Norges Bank Investment Management, appears as BJC Institutional shareholders. (From Dec2019 till current. B.Rock, Parametric, & Pheim Asset no more in sight)
American Century Investment Management, Inc. also seems like holding some BJL.
Anyway, not many shares are these fund holding on BJC or BJL. Few hundreds 'K till 'M only.

Option (1) Privatization; Option (2) Delist. Will he come out with Option (3).

And most probably the Market free float (minus VT's and Institutional) could be just around 476Mil shares. If x RM0.20, would be around RM95Mil. Something to think about....

If Institutional shareholders still holding the 3.50% - 3.74% adding with VT's (Direct + Indirect), will be around 90.0% - 90.5% already. Hmm... will they join force to privatize the BJLand.
And also maybe can let the Wisma Cosway, Kota Raya and few more to consolidate together with BTS (Times Square) to form sort of REITs (possibility is there).
REITs, Properties, Hotel and Resorts, etc... if this scenario happen, all can focus on their own area of business. Maybe nicer? But again, if this will happen then what benefit the shareholders will get from here? hmm...

"Only just wondering why VT's in a hurry to complete the assets purchase on 4 April instead of originally planned on 31 May?"
My guess is Either could be (i) the seller would like to have the deal done fast (need the money??) OR (ii) VT would like to have the investment deal (cost) reflect in Q3 Qtr Report (Mid May), so that Q4 Qtr Report might able to capture more positive stuff.
Btw, also seeing VT buying BJAsset shares (inclusive but not only through BJLand). He is holding around 63% (Direct + Indirect). Wondering whether this has anything to do with BJLand?

SEM previously majority shares hold by VT (himself), VIP from Johor and Mr. Tsai (from Taiwan).
Maybe VT is considering Injecting SEM (with Caring Pharmacy inside as well) into BJCorp (Directly OR through BJLand).
BJLand most probably (like mostly people think) can go privatization. BHR (Hotel and Resort) may perhaps split out from BJLand, and BJLand will become Berjaya Properties (If going to IPO listing again, the Land-bank it has may go through re-evaluation which the true value of the asset can reflect).
Based on last record that I can find, BJCorp holding around 77% of BJLand (Direct + Indirect).
Not sure will this be the same approach like 2006 (Injection of valuable asset into BJCorp, NTA improve significantly; attracting Fund Managers to buy more; then Dividend might come along the way). Of course, before that BJLand might have a mini-bull before BJCorp?

BJCORP NOSH: 5,215 Million
BJLAND NOSH: 5,000 Million
4.3% Difference.
BJC and BJL price now hovering around 0.190 - 0.200
Is there a message here?

From BJLand's core activities (ref : https://www.berjaya.com/berjaya-land/corporate-profile.php)
(i) Gaming and Lottery Management; -- Have Sports Toto listed separately already
(ii) Hotels, Resorts, Recreation Development and Vacation Timeshare; -- Maybe can consider listed separately under BHR (Berjaya Hotels and Resorts); currently it already has own website : https://www.berjayahotel.com/
(iii) Property Investment and Development; -- Maybe can consider listed separately under Berjaya Properties; currently it already has own website : https://www.berjayaproperties.com/
(iv) Motor Retailing; -- Maybe can consider combine Berjaya Motor Trading with Berjaya Assembly Sdn. Bhd and listed separately.
Then perhaps, Privatization of BJLand maybe is the goal or underway and ultimately having each Business to focus on its own sector.
But not sure will these really happening and if so, how will shareholders benefit from these.

From Financial Times website : (The page will keep refreshing)
BJLand : https://markets.ft.com/data/equities/tearsheet/profile?s=BJLAND:KLS
BJCorp : https://markets.ft.com/data/equities/tearsheet/profile?s=BJCORP:KLS

The recent incremental shareholding by TSVT and SBB by BJLand could be coming from the offload from Dimensional Fund Advisors LP (at the beginning of April, DFA still holding around 21M shares). Interesting that some Fund Managers start buying BJCorp, e.g. SSgA Funds Management, Inc.,Dimensional Fund Advisors LP, etc. at the beginning of April. Perhaps there are something brewing which we are not aware of.

U-Mobile target IPO $500Mil
https://www.thestar.com.my/business/business-news/2019/11/28/u-mobile-targets-us500mil-from-ipo
U-Mobile and StarHub to trial 5G in Singapore
https://www.straitstimes.com/business/companies-markets/starhub-and-malaysian-telco-u-mobile-to-trial-5g-roaming-in-singapore-and
Seven Eleven Malaysia - Dego Ride
https://www.theedgemarkets.com/article/7eleven-malaysia-take-46-stake-dego-ride-operator
Razer entering to Digital Banking License in Singapore (Razer is partnering with TSVT in many aspect; and TSVT is good friend with Jack Ma)
https://www.straitstimes.com/business/banking/ant-financial-razer-join-race-for-digital-bank-licences
Will Naza-Berjaya consortium become the choice for govt's fleet contract?
https://www.nst.com.my/news/nation/2019/12/552328/finance-ministry-decide-official-vehicles-ministers-govt-officers
Legend Fighting Championship and MMA (Old news but potential catalyst)
https://www.theedgemarkets.com/article/berjaya-assets-joins-legend-fc-board-expand-mma-across-asia
Well... will this year a good year for BJCorp?
Currently testing resistance at 0.255; looking at the MACD, it might trend higher towards 0.26 - 0.28.
But significant upward sign will still yet to appear.
Continue to monitor.

BJToto give dividend 4cents --- announce 19 Nov 2019 ... Ex: 12 Dec 2019; Payment 09 Jan 2020.
Maybe BJLand and BJCorp will announce Dividend on 1st week of December Or when 1st Qtr Report out anytime soon before end November (surprise with positive Qtr result??) ... let's wait and see.

Something related to DFA (Dimensional Fund Advisors), seems like also helping to dispose BJC shares.
Dimensional Fund Advisors Ltd. (AS OF 31 MAY 2019)
+498.75k shares; balance shares held 4.57m (0.09%)
Dimensional Fund Advisors LP (AS OF 07 NOV 2019)
-2.01m shares balance shares held 107.57m (2.06%)

Also, it seems like BlackRock Fund Advisors also reduce its stake from 52.4m (As of Nov) to 51.08m (As of Aug) shares if not mistaken.

(Unless shareholding change again)
Reference to Financial Times

shortinvestor77 SDF2000, about the Fund increases its holding to 0.44%, where you get the info from?
13/11/2019 1:54 PM

From Financial Times .... https://markets.ft.com/data/equities/tearsheet/profile?s=BJLAND:KLS
*Just ignore the portion of Penta Investment ... as based on latest BJL AR, Penta Investment no longer has the 3.32% shares.
*This is one of the website for my cross checking once awhile.

November 13, 2019 14:00 pm
"Can Singer patch up Berjaya Media?"
https://www.theedgemarkets.com/article/can-singer-patch-berjaya-media
Recently, news on TSVT very frequent than past few years.... media news like VT.

November 09, 2019
"Some outstanding transactions in the market this year include Ho Tram Grand Strip resort's sale sold to Warburg Pincus investment fund, while Berjaya Group transferred 75 percent of TPC Nghi Tam village's shares to the Hanoi Hotel Tourism Development Co., Ltd."
https://en.vietnamplus.vn/tourism-to-boost-hotel-real-estate-segment-in-vietnam/163420.vnp

Dimensional Fund Advisors L.P. is a private investment firm headquartered in Austin, Texas, United States and has affiliates within 13 offices in the US, Canada, UK, Germany, Netherlands, Australia, Singapore, and Japan. [*Wikipedia]

Currently, Dimensional Fund shares holding should be per following (unless it change again)
Dimensional Fund Advisors LP
AS OF 07 NOV 2019 - 21.74m (shares) 0.44%
Dimensional Fund Advisors Ltd.
AS OF 31 MAY 2019 - 335.22k (shares) 0.01%
(Interesting)
Below 55m (shares) to be in the 30 largest shareholders, and below 5% shares holding which do not need to declare/report to Bursa Malaysia.
* Meaning still got Fund join the "Fun"...

Interesting News Trend per following :
October 07, 2019 - Tioman airport project awaits final approval by state govt: Berjaya founder
https://www.thesundaily.my/local/tioman-airport-project-awaits-final-approval-by-state-govt-berjaya-founder-YX1451331
November 04, 2019 - Pembinaan Lapangan Terbang Tioman akan dimulakan
https://www.bharian.com.my/berita/nasional/2019/11/624894/pembinaan-lapangan-terbang-tioman-akan-dimulakan
November 08, 2019 - 彭州大臣宣布刁曼岛获准建新机场 (In Chinese)
https://www.zaobao.com.sg/znews/sea/story20191109-1003823
November 11, 2019 - No decision yet on new Tioman airport — MoT
https://www.theedgemarkets.com/article/no-decision-yet-new-tioman-airport-%E2%80%94-mot

Interesting Earlier Announcement per following :
BJL Announcement : 31 Jan 2019 - The Board of Directors of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that the Company has through its indirect wholly-owned subsidiary, Redang Development Sdn Bhd incorporated a new wholly-owned subsidiary, namely Redang Infra Sdn Bhd (“Redang Infra”) (“Incorporation”).

BJC Announcement : 07 Dec 2018 - The Board of Directors of Berjaya Corporation Berhad (“BCorporation”) wishes to inform that its wholly-owned subsidiary, Berjaya Group Berhad (“BGroup”), has on 7 December 2018 incorporated a wholly-owned subsidiary namely Berjaya Pangkor Sdn Bhd (“BPangkor”) with the cash subscription of RM1.00, (“Incorporation”).

Maybe this round TSVT is really a change person? Spending alot of his time doing good on Philanthropy. The most recent one on the media per following link (in chinese again)
https://www.chinatimes.com/realtimenews/20191107002083-260405?chdtv

And perhaps he is trying to re-branding his empire as well. Few of the companies website did spend some effort (of course could be done by hiring external service provider / digital marketer) at least to be "refurbish" ... (if got time can have a look at their website)
https://www.berjaya.com/
https://www.berjaya.com/berjaya-land/
https://www.berjayaproperties.com/
https://cosway.com.my/
http://www.sportstoto.com.my/index.asp
https://www.redtone.com/
https://www.berjayahotel.com/
https://www.berjaya.com/berjaya-media/
https://www.interpac.com.my/
https://www.u.com.my/
https://www.countryfarmorganics.com/
http://www.starbucks.com.my/
https://www.krr.com.my/v3/index.php
https://www.ansatbroadcast.com.my/ (Work in progress)
https://www.hrowen.co.uk/
etc...

If BJL really resurrecting from current situation, BJC which is holding about 77.72% (Direct + Indirect) should be able to follow also. The son will bring the mother share up I believed. And I believed alot of BJL investors are also invested in BJC, and some in BJMedia and Redtone.

Talking about BJMedia, yesterday was 7th Nov and today is 8th Nov. What is the final conclusion? Delist? OR appeal being approved by Bursa regarding the Singer as the white knight?

The information is found in the following link --> PDF
https://www.ibanet.org/Document/Default.aspx?DocumentUid=9396529C-A9F3-40E0-8809-2FF831949659

Another thing, two big institutions which are still holding BJL shares:
Macquarie Bank Ltd. (Private Banking) is still holding 246.00Mil shares (4.92%) [Last update Jul2018]
PENTA Investment Advisers Ltd. (Hong Kong) is still holding 166.19Mil shares (3.32%) [Last update Mar2019]

For reference found on website.
ELIMINATING THE MINORITY AFTER A TAKEOVER
Sections 222 and 224 of the CMSA set out the situations where a bidder may
compulsorily acquire the shares of the remaining shareholders who had not accepted the
takeover offer.
A bidder may compulsorily acquire the shares if the bidder has received 90%
acceptances (excluding the shares already held by the bidder or persons acting in
concert) within four months after the making of the takeover offer. The right is exercisable
by the bidder giving, within two months after the takeover offer has been so accepted,
notice in the prescribed form to the shareholders.
If the bidder does not receive 90% acceptances, the bidder may apply to the court under
Section 224(5) of the CMSA for authority to compulsory acquire the shares of the
remaining shareholders. The court may only grant an order upon it being satisfied that:
 the failure of the bidder to obtain such acceptances was due to the inability of the
bidder to trace one or more of the persons holding shares after having made
reasonable enquiries;
 the shares acquired under the bid and shares held by the untraceable persons
meet the 90% threshold; and
 the offer price is fair and reasonable.
The order will not be made unless the Court considers that it is just and equitable to do so
having regard, in particular, to the number of shareholders who have been traced but who
have not accepted the takeover offer.
(Not really understand everything written above but seems like not favorable)

If Penta Investment really accumulate and hold up to 4.999% BJL already and plan anytime soon to dispose their shares to BJC or TSVT to make up of above 90% shareholding, then would there be a possibility that BJC-LD / LE will surface up as a way to pay the minority shareholders for the approximate 489Mil remaining shares? Both LD & LE conversion is 1 ICULS to 1 Ordinary shares..... :(

Something worth to look back... (approximate timeline for key projects)
BJLand (1) went into Vietnam property development market in 2005/2006; (2) went into Jeju Airest City Development, South Korea in 2008; (3) Berjaya Great Mall Project, Hebei China in 2010/2011;
While BJCorp (1) launch U-Television in 2005; (2) Ascot Sports in 2010...
Personally, I think too many "expensive and high value" projects goes parallel (overlap) at the same time where the focus is drifted.

2 possibilities for BJMedia which I can think of...
(1) Finding white knight to assist for PN17 escape plan just similar to Lioncorp back then in 2016, but not successful and delisted on 12 Oct 2016.
(2) Injection of Singer as the white knight solution approve and allow the extension date to December 2019 and complete the rescue plan by next year March. Follow by further restructuring exercise to strengthen its listing status.
Hope the number (2) is the case.

News Reference related to IOI Properties back then in 2009 (for comparison purpose).
https://www.thestar.com.my/business/business-news/2009/02/05/ioi-corp-to-take-property-unit-private
https://www.theedgemarkets.com/article/newsbreak-corporate-exercise-brewing-ioi-prop
"Back in 2009, IOI Properties Bhd was privatised after IOI Corp offered to acquire all the 199.73 million shares in IOI Properties it did not already own for RM2.598 apiece, paid in IOI Corp stock and cash." ...
Maybe BJLand will also do the same by paying in BJCorp stock and some cash. (Just my opinion)

The Key is the magic number 90% shareholding (OR Less than 10% public spread):
● 90%或以上：有能力强制性收购其余股票，公司必须在特定期限内停牌并除牌。
● The offeror can, within 4 months of making that offer, compulsorily acquire shares from the remaining minority shareholders.

Waiting further development of BJLand (Privatization?)
Waiting further development of BJMedia (Singer injection as the White Knight to be accepted as the solution for Listing continuation) - where BJMedia could further develop into eCommerce platform for online business to purchase products ranging from home appliance to home furniture
Waiting IPO timeline for U-Mobile
Waiting Berjaya Properties listing (after BJLand take private, if happen)
Waiting Ansa Broadcast maybe through Redtone to start business to provide an alternative besides Astro (of course currently there are more choice like Sirius TV, enjoytv, etc)
Waiting further news related to Airport expansion in Pulau Tioman and Redang to support future growth of Local Tourism.
Maybe the biggest piece should be contributed from eSports. U Mobile partner with Razer to conduct eSports and GSC Cinema to provide the venue to host the eSports.
Above are just my opinion, not sure will happen? Just hope so.

TSVT - holding at 85.213% (as declared on 25th Oct Bursa Announcement); Suppose - Penta Invest (166Mil shares balance as of 05th March which is about 3.3%) increased its shareholding up to 4.99% (which I think do not need to declared anything below 5%) which make up of 90.113% shareholding if exchange with BJCorp shares done between TSVT and Penta Invest with ratio of (Sce1) 1 : 1 (BJLand ~ 20cents : BJCorp ~ 235cents); (Sce2) 2 : 1 (BJland ~ 19cents (if price drop further) : BJCorp ~ 38cents (if stock price increase before 12/12); then will trigger for the take over with the price offer in their control. There might be possibility the BJLand stock price will goes up (maybe 40cents??) for the minority shareholders to withdraw from the counter (i.e selling off) OR maybe there will be a attractive share-swap offer for the minority shareholders to take. (just my personal opinion).
Associate to the atmosphere/environment might be : BJMedia extension for PN17 escape plan and exercise; U-Mobile (maybe about the same -- March 2020) IPO; Surprise of Caring acquisition and combine with Berjaya Pharmacy; Berjaya Properties (mainly on Hotel and Resorts' assets) go listing after Berjaya Land Privatize. Berjaya Land - land-bank revaluation and reflected in BJCorp asset book (a little bit like IOI Properties (previously known as Lam Soon Huat) back then in 2008/2009 privatized and combined into IOI Corp (Of coz later relisting again in 2014)). IOI Corp was shoot up from about RM2.50 to a higher price back then (good old days). As for the STC, maybe will combine project with CHHB to develop a Medical / Healthcare / Wellness and a smartcity?? (just another of my opinion)