YTD45%....good

Pls SELL Apollo, TQ

why?

why?

Post removed.Why?

Post removed.Why?

This is democratic world, you can choose to follow whoever, none of my biz.

1Q2016

Post removed.Why?

SELL!!!

And my Idol is Ray Dalio

People Bought RGB when it is around RM0.12, now some joker come out say buy.........I wonder how smart they r sometimes.

My name is Kok Lin. I founded Plural Investment Fund, I managed HNW clients. Please don't relate me to anyone else.

what? I thought Buffett tell you buy low sell high? Same like mother is lady..........

what? so high still buy?

once up ppl dump! run for life

HUGE USD DEBTS! NOT DONE!

no lah, how about change price into coupon. like book coupon, aeon vouchers etc.

what is your stock pick Mr.OTB

KUALA LUMPUR: Berjaya Land Bhd (BLand), through its unit’s 51% owned subsidiary Berjaya (China) Great Mall Co Ltd (GMOC), is selling its under-construction Berjaya (China) Great Mall Recreation Centre in Hebei Province for 2.08 billion yuan (RM1.39bil) cash.

In a filing with Bursa Malaysia, BLand said GMOC, a subsidiary of Berjaya Leisure (Cayman) Ltd, had yesterday entered into a construction project transfer agreement with Beijing SkyOcean International Holdings Ltd.

Beijing SkyOcean paid 50 million yuan on signing the contract and would pay 1.015 billion yuan within five days after all conditions precedents in the contract have been fulfilled and the remaining 1.015 billion yuan within 13 months after that completion date.

On how the proceeds would be used, BLand said 1.113 billion yuan (RM743.05mil) would be to repay borrowings, creditors, contractors, and to defray taxes on sale of the Great Mall project and incidental expenses within 12 months from the respective dates of receipt of the cash portion.

“Subject to authorities’ approvals, the cash balance of 967.48 million yuan (RM646.18mil) is proposed to be distributed to the shareholders of GMOC which Berjaya Leisure (Cayman), upon receipt, will utilise such cash for working capital of the BLand group,” it said.

The Great Mall project in Sanhe City, spanning 1.21 million sq m of gross floor area. will be developed over phases 1, 1E and 2 and will consist of, among others, retail outlets, three indoor theme parks, a conference and exhibition centre, a hotel and serviced apartments and office lots.

BLand said phase 1 of the project was currently under construction while phases 1E and 2 were “vacant”.

The proposed disposal is subject to the approvals of the regulatory and/or governmental authorities in China.

Barring any unforeseen circumstances, BLand expects the proposed disposal to be completed by end-2017.

BLand shares were not traded yesterday. They were last sold for 72 sen on Monday.



KUALA LUMPUR, Dec 16, 2015:

Berjaya Land Bhd (BLand) is selling its partly-completed Berjaya (China) Great Mall Recreation Centre located in Sanhe City, Hebei Province, for 2.08 billion yuan (RM1.39 billion) and the proceeds will go largely towards covering mall-related costs to date while the balance will be distributed as dividends to shareholders.

In a Bursa filing, BLand said it has a 51% stake in the mall developer Berjaya (China) Great Mall Co Ltd and the remaining 49% stake is held by Berjaya Times Square (Cayman) Ltd – a company owned by Tan Sri Vincent Tan Chee Yioun and his son Rayvin Tan Yeong Sheik.

It added: “The proposed disposal provides an opportunity for the BLand group to cash-out its Great Mall Project which is still under construction.”

The mall project, located about 45 minutes by road from the Beijing Capital International Airport, spans across about 306,260 sq m – with about 1.21 million sq m of gross floor area. The land use rights for the mall project expires on Jan 25, 2045 and only phase one of three is currently under construction.

The entire mall project is being acquired by Zhou Zheng and his sister Zhou Jin.

BLand said: “Zhou Zheng has many years of experience in real estate development, retail and financial investment. He is currently the controlling shareholder and chairman/chief executive officer of SkyOcean International Holdings Ltd, a company listed on the Hong Kong Stock Exchange with 74.32% stake (as at June 30, 2015) and a director of China Minerals Mining Corporation, a company listed on the Toronto Stock Exchange with a 44.22% stake (as at May 21, 2015).”



BLand to sell Great Mall project for RM1.39 billion

PETALING JAYA: Berjaya Land Bhd (BLand) plans to sell Berjaya (China) Great Mall Recreation Centre (Great Mall project) to Beijing SkyOcean International Holdings Ltd for RMB2.08 billion (RM1.39 billion) cash.

In a filing with Bursa Malaysia yesterday, it said that Berjaya (China) Great Mall Co Ltd (GMOC) has entered into a construction project transfer agreement (contract) with Beijing SkyOcean for the proposed disposal of the Great Mall project, which is under construction and located in Sanhe City, Hebei Province in China.

GMOC is a 51%-owned subsidiary of Berjaya Leisure (Cayman) Limited (BL-Cayman), which in turn is a wholly-owned subsidiary of BLand.

The Great Mall project spans across 306,260 sq m of land, with 1.21 million sq m of gross floor area. The land use rights of the project were granted for a term expiring on Jan 25, 2045 for commercial, entertainment and commercial (car park) uses.

The project will be developed over Phases 1, 1E and 2. Phase 1 is currently under construction while Phases 1E and 2 are vacant.

The cash consideration of RMB2.08 billion represents a premium of 3.07% over the market valuation and a premium of 18.86% over the carrying amount. The cash consideration will be receivable by GMOC over a maximum of two years from the signing of the contract.

The group

TEKALA is going through Reverse Takeover (RTO) into WMG Holdings Sdn Bhd (WMG). Eventually, WMG will be the listed entity after taking over from TEKALA. Key statistics that you need to know are: i) the exchange rate between TEKALA-WMG shares and ii) issue price of WMG shares.
2. 1 TEKALA shares = 1.33 WMG shares of RM0.50 each. Refer to Page 2 of the Bursa announcement which states that : “proposed share exchange of the existing entire issued and paid-up share capital of Tekala comprising 139,975,300 ordinary shares of RM1.00 each in Tekala (“Tekala Shares”) (excluding 13,008,000 Tekala Shares held as treasury shares) on the basis of 133 new ordinary shares of RM0.10 each in WMG (“WMG Shares”) at an issue price of RM0.50 per WMG Share for every 100 existing Tekala Shares held at an entitlement date to be determined later (“Proposed Share Exchange”)”;
3. Arbitrage opportunity. Theoretically, this is how an investor can play TEKALA-WMG RTO:
i. BUY 1000 share of TEKALA at RM0.40
ii. Cash outflow = 1000*RM0.40 = RM400
iii. Keep TEKALA and stay through the whole corporate exercise
iv. Your 1000 TEKALA shares will turned into 1330 WMG shares
v. On the day of IPO of WMG, sell your 1330 WMG shares for RM0.50
vi. Cash inflow = 1330*RM0.50 = RM665
vii. Arbitrage gain = RM665 – RM400 = RM265 or 66%
4. TEKALA shares should rise to RM0.665 for arbitrage opportunity to disappear. Let’s redo the calculation if TEKALA shares is at RM0.665:
i. BUY 1000 share of TEKALA at RM0.665
ii. Cash outflow = 1000*RM0.665 = RM665
iii. Keep TEKALA and stay through the whole corporate exercise
iv. Your 1000 TEKALA shares will turned into 1330 WMG shares
v. On the day of IPO of WMG, sell your 1330 WMG shares for RM0.50
vi. Cash inflow = 1330*RM0.50 = RM665
vii. Arbitrage gain = RM665 – RM665 = RM0
5. Key assumptions:
i. The IPO may not materialize for whatever reasons
ii. You may not be able to sell at RM0.50 on the day of WMG listing
iii. This calculation ignores commission, brokerage fee and GST incurred in the real world
iv. Opportunity cost of your money should it be invested somewhere else.
6. BUY or SELL at your own risk. This is an academic observation only. Hence, any decision to buy or sell shares is at your own risk.

what problem to do stock pick now? You will based on closing price 31Dec as the beginning also.....logic tak?

GOING NO WHERE

I MANAGED FUNDS FOR PRIVATE INVESTORS, ALL HIGH NET WORTH PPL

nope, I am PLURAL INVT FUND founder

this Icon damn hypocrite! last time said dun understand their biz model avoid. Now see price increase say buy!

Hello? Water metre? Cheapskate biz! Look at its profit from there! Pity little tiny profits. It's main income now from construction! Someone still stay in dinasour yrs!
By the way I managed hnw clients portfolio, you do not need to judge me!

Stop churning lies

Yay a. A anything.maybe rm1.50 next month

Haha

Wah, sound smart. But is it ?

Haha .....now only realized? Sell like no tomolo

Wct under negative watch. Pls be careful

ITu, talk like no talk

Now only buy call? Clever or stupid? I leave it to you all to judge

I bought this ard rm 0.89. Is this smart?

Wow, all lousy stock

If u lose, call me Kai gor

Icon, I look at your posts. You r too Lansi. I challenge you for next yr competition!

This aji doing unhealthy food, so unethical!

That's dangerous assumption

Pure speculative stock! Avoid! It will go back to penny

My good friend cold eye buying. I will buy also

This stock die soon...hike! Run for life

Sell! Myr going weak! All projects margin will be depress,

If wanna die faster buy

I like gamble in genting casino, I am Vvip. Even I managed high net worth clients for my plural funds, but I like the china girl also there. Can fxxx girl, gamble. Genm sure buy to me

Value partners? Not really that smart at all mah!

Property slowdown, cabinet slowdown. That value partners? Bunch of jokers! Buy only when property slowdown in malaysia......they are Malaysian? Funny

I remember some idiot keep saying buy! During 2.50 level! Now keep quiet? Mana rosmah.