Sslee

The four season is joint control equally by bjcorp and bjland. Bjcorp control 78% bjland, therefore, in turn of profit attributed to shareholder, bjcorp shareholder benefited to most.

Shareholder now can request for special dividend via online EGM since bjcorp monetize four season have EXTRA gain RM 190m on top of already net gain RM 480m as disposal is now revise up earlier RM 1,87 billion to RM 2.06 billion

Bjcrop to acquire singer is just MOU. It NO yet to sign any purchase document, therefore no need shareholder approval at all. THe MOU still subject to due diligence account check before to sign purchase document.

The latest EGM call is for four season disposal for RM 2.06 billion instead of earlier RM 1.86 billion. Bjcrop need to seek forgiven from shareholder in EGM for their mistake in under declare on gain of disposal.

RATIFICATION OF THE DISPOSAL OF THE HOTEL COMPONENT OF FOUR SEASONS HOTEL & HOTEL RESIDENCES KYOTO IN JAPAN (“HOTEL”) FOR A TOTAL CASH CONSIDERATION OF JPY50.79 BILLION (EQUIVALENT TO APPROXIMATELY RM2.06 BILLION), BEING THE SALE CONSIDERATION OF JPY49.00 BILLION (EQUIVALENT TO APPROXIMATELY RM1.99 BILLION) PLUS THE BUILDING CONSUMPTION TAX OF JPY1.79 BILLION (EQUIVALENT TO APPROXIMATELY RM72.52 MILLION) DUE TO THE TAX AUTHORITY OF JAPAN AND THE SUBSEQUENT LEASEBACK OF THE HOTEL ("TRANSACTION") (“RATIFICATION”)

Remark: bjjcorp rectify that selling price four season from earlier RM 1.87 billion to now at RM 2.06 billion, a increase of RM 190m

average down cost

add all balance capital at 2.63

bought supermax at 7.10

bought mtag at 57.5sen

bought comfort at 3.25

The upcoming REAL catalyst is Bjcorp will record massive net gain RM 480m after tax from disposal four season hotel in japan, nett EPS = 9sen.

DISPOSAL AND LEASEBACK OF THE HOTEL COMPONENT OF FOUR SEASONS HOTEL & HOTEL RESIDENCES KYOTO, JAPAN

On behalf of the Board, Maybank IB wishes to announce that the Disposal was completed today following the settlement of the Total Consideration by the Purchaser in cash and BKD has on even date entered into the Lease Agreement with the Trustee and the Purchaser.

This Announcement is dated 10 March 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3028849

Bjcorp exchange value have increase from previous 30sen (acquire bjland from Penta investment) to 33sen (acquire singer from Bjretail).

http://www.singer.com.my/

sold back all FP group at 82.5sen

add more FP group at 78.5sen

sold back all krono at 53sen

Under the restructuring plan, Singer should be use to inject into Bjmedia as it have LAST deadline until 20 Jun to submit a regularization plan.

Bjcrop is to monetize four season and use cash proceed to take over 7-evelen and Bjland and to breakout bjland by listing its hotel in Singapore exchange. In the meantime, 7-eleven also just take over Caring.

The restructuring is complex and need 2 day suspension which involve many take over.

https://www.theedgemarkets.com/article/vincent-tan-restructure-his-business-empire

add balance capital to bjland at 20.5sen

Since today bjcorp have board meeting, i expect bjcrop to release Q1 result today.

Bjcorp will record massive net gain RM 480m after tax from disposal four season hotel in japan, nett EPS = 9sen.

Theses monetize asset worth RM 1.87 billion in total will improved bjcorp financial strength significantly. Bjcorp have consistently buyback share, accumulate more than 6% in treasury now

I expect also bjcorp to declare special dividend or share dividend to reward shareholder, boost up share price.

Please take note, both bjcorp and bjland have 2 separate board members. Out of total 9 board member, only 2 board member sitting on both Bjland and bjcorp. More importantly,. VT and his son, Robin ONLY sitting in bjcorp board member, both of them are NO a board member of bjland. Nevertheless, VT interest in Bjland is represent by his daughter, Chrysis, as board member in bjland.

Therefore, in reality, one must first initiate board meeting and make decision at holding level first. Then, these decision making can then only officially pass to bjland board. It is only bjland board officially received the offer, then, ONLY bjland board can have its own meeting later to decide.

It all need to go proper and official procedure in accord to stansard practice

Please take note, both bjcorp and bjland have 2 separate board members. Out of total 9 board member, only 2 board member sitting on both Bjland and bjcorp. More importantly,. VT and his son, Robin ONLY sitting in bjcorp board member, both of them are NO a board member of bjland. Nevertheless, VT interest in Bjland is represent by his daughter, Chrysis, as board member in bjland.

Therefore, in reality, one must first initiate board meeting and make decision at holding level first. Then, these decision making can then only officially pass to bjland board. It is only bjland board officially received the offer, then, ONLY bjland board can have its own meeting later to decide.

It all need to go proper and official procedure in accord to stansard practice

Agreed, if the take over is real, bjland need to suspend tomorrow for board to make decision. Its matter of time now for bjcorp to make offer first

The decision making is at bjcorp, holding level, therefore, the subsidiary bjland no need suspend now.

It is only bjland own board received notification from bjcorp later, then bjland stock will have to suspend.

The decision making is at bjcorp, holding level, therefore, the subsidiary bjland no need suspend now.

It is only bjland own board received notification from bjcorp later, then bjland stock will have to suspend.

No forget big compensation from Jeju. Bjcorp is expect to take over bjland first in order to maximize profit

bjcorp is expect to take over bjland

bought bjland at 19.5sen

bought back fp group at 77.5sen

Board meeting now

add more bstead at 66.5sen

sold back all paramount at 92sen

bought bstead at 69.5sen

add more bjcorp at 19sen

sold back all cypark at 92.5sen

cut kps at 55.5-56sen

sold back all mahsing at 46.5sen

bought mahsing at 43.5sen

sold back samchem at 71-71.5sen

Bjcorp 78% subsidiary bjland, is pleased to announce that GMOC has on 21 May 2020 obtained a favourable arbitration award from the HKIAC (“Final Award”), details of which are as follows:-

(i) Beijing SkyOcean shall pay to GMOC the outstanding balance amount of RMB974.07 million;

(ii) Beijing SkyOcean shall pay liquidated damages on the outstanding balance amount calculated at the People’s Bank of China’s lending rate of 4.75% per annum from the payment due date of 28 November 2017 until the date full payment is made;

(iii) The Guarantors shall be jointly and severally liable for the amounts payable by Beijing SkyOcean under the Final Award; and

(iv) The Respondents shall jointly pay legal costs of about RMB15.9 million (or about RM9.72 million) and arbitration costs of about HKD3.96 million (or about RM2.23 million) within 30 days after issuance of the Final Award, failing which late payment interest at 8% per annum shall be charged from the due date until the date of actual payment.



GMOC will proceed to seek recognition and enforcement of the Final Award in all relevant jurisdictions after 20 June 2020, upon the expiry of the 30 days’ voluntary settlement period stated in the Final Award.

Remark: a significant full write back on earlier provision impairment and extra interest charge income will be recognized

bought mudajaya at 30.5sen

buyback samchem at 69sen

bought back cypark at 87.5sen

sold back FP group at 79sen

sold back samchem at 71sen

sold back Hohup at 57-57.5sen

Good result will give strong momentum to mark up share price, stay tune

Good result will give strong momentum to mark up share price, stay tune

Good result will give strong momentum to mark up share price, stay tune

Good result will give strong momentum to mark up share price, stay tune

add last batch krono at 51.5sen

Good result will give strong momentum to mark up share price, stay tune