I just saw a direct transaction of 10.8 million BJLand shares crossing off market at RM0.42 per unit yesterday (12 April 2021) in the system. No other details were available.

No worries, the lower the price drops, the higher the rebound, and Jalil will still be around.

Hari Raya rally coming

Perhaps, VT and RT decided to take as some positions in crypto coins. Binance Coin more than doubled in less than 3 weeks. Took 4 weeks for BJLand to close at 0.455 from 0.185 level and may not be holding steady. Just thinking randomly.

BJCorp Shares bought by Jalil reported todate:

1)  24 Mar 70m @0.280  =  RM19.60m
2)  29 Mar 5m @0.336  =  RM1.68m
3)  30 Mar 61m @0.3277 =  RM19.99m

ie. 136m shares for RM41.27m at average of @0.3035 each

Be greedy when others are fearful... WB

Jalil's average price is 36.5c

Those asking for 38c cash..... wishes fulfilled already.

I hate to disappoint you but BJLand only owned 51% of the GMOC project. However VT owned the other 49%. It's subjective which is a better arrangement for BJCorp and BJland going forward, hereon.

Possible suspension of trading today pending an announcement for both BJCorp and BJland? Whew

Very slow without limit up movement. But I'm smiling.

Off market direct deal yesterday of 15 million shares @1.78.

Who is the Placee? That info may offer a clue on where this may be leading us to.

No access, 503 Service Temporarily Unavailable

Didn't see any report in the announcement

Wonder what the fund raised by the placement is to be used for? There may be a silver lining to it.

Dilution. But not as bad as rights issues.

Fund raising? Wet news.

Some call warrants are maturing this month. One issued by Maybank IB of 100m units with Exercise Price of 1.38 and one issued by RHB IB of 35m with EP of 1.15. It would be in their interest to press down the price of MyEG so that they do not have to make hefty payouts to CWs holders. Just a thought.

Today, KWP did some trading with a net buy. No sign of EPF so far. Could be BBs and/or TS Wong himself doing something. Everything seems hunky dory on this ship. Think I'll hang around and see happens.

Don't see any smoke around but some dark clouds drifted by at end of day.

First 3 Qtrs results are fine, all up YoY and QoQ this year, inspite of Covid-19 disruption. Besides in the past few days, the eGovernment Services contract has been extended for another 3 years and the vaccine deal signed with Anhui Zhifei Biopharmaceutical Co Ltd happened. These are going to contribute positively to FY21.

Maybe it's EPF cashing out getting ready to face withdrawals from members. Party pooper.

Pump n dump, this counter? Makes no sense.

"Shimokawa does not rule out a corporate exercise between Regal Orion and Heitech Padu."

https://www.klsescreener.com/v2/news/view/759511

That has to be exciting!

0.8 cent per share


Posted by simon2020 > Aug 28, 2020 9:25 PM | Report Abuse

Good enough for a start...for every 1000 shares held, you get 40 shares as dividend in specie. Equivalent to 0.08 sens per share at current market price?

Exciting friends with deep pockets coming to sex up the counter, maybe? Hopefully.

Good news making a difference this time?

FOR IMMEDIATE RELEASE

26 August 2020

BERJAYA CORPORATION BERHAD INKS FRAMEWORK AGREEMENT WITH
CHINA SPORTS LOTTERY HKJC INFOTECH (BEIJING) CO., LTD. FOR
MUTUAL COOPERATION IN LOTTERY OPERATIONS

Kuala Lumpur - Berjaya Corporation Berhad ("BCorp") and China Sports Lottery HKJCINFOTECH (Beijing) Co., Ltd. ("CSLJC") today signed a Cooperation Framework Agreement (“Framework Agreement”) to cooperate on lottery management, business development and technical and market solutions to further expand the areas of cooperation and explore opportunities to jointly develop the third-party lottery market under a responsible gaming framework.

The Framework Agreement will be for an initial five-year term commencing from 26 August 2020, subject to renewal.

Stemming from the “Belt & Road" Initiative, this bilateral cooperation aims to further enhance the technical and business management capabilities of BCorp and its subsidiaries in lottery operations, enrich its lottery product offerings, study opportunities for expanding into the third party lottery market, and promote the rapid and healthy development of the lottery business on the basis of mutual respect, trust, and friendly consultation with CSLJC to broaden business cooperation for common growth and development.

CSLJC is a Sino-foreign cooperative joint venture established by China Sports Lottery Technology Development Co., Ltd. and HKJC Business Ventures (China) Limited, a business unit of the Hong Kong Jockey Club. As the core technical service provider of sports lottery in Mainland China, CSLJC provides customers with technical services on various types of lottery product design and development, operation and promotion, technical architecture design, core trading system research and development, testing and operation services and lottery omni-channel construction, based on WLA-SCS and ISO20000 certification system standards providing safe, stable and professional system integration services.

Commenting on the signing, BCorp Executive Chairman Tan Sri Dato' Seri Vincent Tan said, "This Framework Agreement is the result of constructive engagement and negotiations between BCorp and CSLJC following their successful experience-sharing and training in 2018 and 2019 on mobile phone and internet lottery distribution channels and lottery development as encouraged by the “Belt & Road” Initiative in China and Hong Kong.

Through this collaboration with CSLJC, the BCorp Group will be able to leverage on the expertise and experience from CSLJC to further enhance our existing lottery business as well as explore fresh opportunities in the lottery and gaming industry in new regions," Tan Sri added.

.........

For media inquiries, please contact Ms. Lydia Lye of Group Corporate Communications at media@berjaya.com.my

Limit up?

Had a downpour in the desert.

Compulsory acquisition is a activity that may happen towards the end of a code takeover process when certain criteria are met.

Stockraider, you are right, my thinking got muddled up. Crossing the 90% line by VT will, instead, render BJLand's public spread falling below the 10% minimum level and result in trading suspension. This would not be in tune with VT's grand plans going by what he had outlined in the news days before Christmas in 2018. (read link: https://www.thestar.com.my/business/business-news/2018/12/20/Vincent-tan-makes-his-move)

Posted by stockraider > Apr 24, 2020 10:49 AM | Report Abuse

Compulsory acquisition not trigger like this loh....!!
Even 90% they cannot compulsory acquired mah, but they can threaten delisting of bland share mah, sending many shivers that more minority shareholders willing to sell mah....!!

It makes sense that BJLand continues shares buyback, for a song as the present market price is, to hold as Treasury Shares.

By the time the treasury shares reach a little over 5.1% of the outstanding number of shares issued, BJCorp's percentage of shareholdings of BJLand will reach 90% to trigger off a Compulsory Acquisition, without having to buy a single extra share over what they already own.

Current Treasury Shares in BJLand stand at just under 1.623%.

Only another 394m shares left to buyback at hugh discount to NAB. Even as the Treasury gobbles up shares from the market and nudges the NAB of the outstanding shares higher and higher, the market price remas n below 20c compared with RM1.2031 as at 31.12.2019 (2Q2020Report).

Btw the transacted shares were BJToto's. Filings done by BJToto.

Not if the disposals on 24 Oct were to a third party like perhaps Affin Hwang in this case and the acquisition on 20 Nov was from the same third party who acted as an agent.

Disposals by Gateway Benefit S/B and B.L. Capital S/B on 24 Oct were subsequently acquired by Berjaya Land Bhd on 20 Nov, all in off-market direct deals. Paper shufflings under BJCorp, no monkey business.

161214-guide-to-takeovers-in-malaysia.pdf

Under the new Code, a target company being taken over (“Target”), now includes:

(a) a public company whether or not it is listed on any stock exchange and any other entity as may be prescribed in the Code;

*****

As such, a takeover offer in respect of any such Target must be in compliance with the provisions of the Code and any ruling made by the SC.

The new Code sets out the following 12 general principles that must be observed and complied with by all persons engaged in any Code Takeovers:

*****

https://www.christopherleeong.com › ...PDF
Web results
Guide to Takeovers in Malaysia - Christopher & Lee Ong

In the event that BJLand is delisted from KLSE and becomes a takeover target after that, the rules on Corporate Take-overs or Compulsory Acquisition will still apply.

Therefore you won't be 'slaughtered'. Moreover, VT has turned vegetarian, become a disciple of Tzu Chi Foundation and therefore embracing the teachings of Buddha. That should mean something at the least, no?

I feel VT will make his necessary moves and declare control of more than 90% of all the outstanding shares when he is ready leading to suspension of trading and sit on it for the BJLand to be delisted. Then he will make a reasonable offer that you won't refuse. A nicer scenario could be a reasonable offer after suspension of trading but not waiting for delisting. A reasonable offer being not less than 38c a share.

As at 1 Oct 2019, both Penta and Macquarie were not among the top 30 largest shareholders according to the 2019AR. I can only imagine that perhaps the 488 million shares that may be in the hands of foreign funds at one time earlier this year could be in the hands of shareholders friendly to VT now.

Macquarie was holding 144,415,368 shares after selling 101,584,632 shares to Penta on 18.01.2019.


Posted by SDF2000 > Nov 7, 2019 11:31 AM | Report Abuse

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

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]

Zero BUY transactions today.

Marooned and trapped on Treasure Island, surrounded by all that gold in the cave but you can't spend it. Is that the feeling?

Hit the MAX period

The link below shows the price chart of BJLand since 11th May 2006 when it was 14c.

https://www.google.com/search?client=ms-android-huawei-rev1&sxsrf=ACYBGNRnOGBzyQm5tm3DYOyyjujjUXYOBA%3A1569241466626&ei=ermIXbzwJfjYz7sPg_OmeA&q=historical+prices+of+bjland&oq=historical+prices+of+bjland&gs_l=mobile-gws-wiz-serp.12...0.0..246029...0.0..0.0.0.......0.rQD9txNCKQ8

BJCorp closed today with a fairly hefty volume of 4 million shares matched at 26c. Any signal there?

The BJToto shares sale was done in 2011.

VT is not a fox but a water dragon. If you have not been fried by him by now, you may be swimming in money soon. Try being positive when betting.