Sslee, VT is trying to tell us otherwise...

bullwinds, cause it's ONLY fair to minorities!

stockraider, I haven't sold my BCorp and BLand shares, but does dispose some BCorp to buy BLand, believing BURSA/SC SHOULD act on behalf of minorities on this matter. Sigh! With VT disposing BLand and BCorp lately, genuinely hope it's not one the biggest mistakes I have made...

stockraider, I applaud Sslee's effort. Bursa made a HUGE mistake when not requiring an MGO prior to approving BCorp acquiring a stake in BLand from Penta. It's akin to telling majority shareholder that they can do whatever they want. If so, what's the whole point of setting up so many listing rules? How will minorities interests be protected if Bursa/SC always kowtow to major shareholder???

Like the article said, VT holds 1.1 billion shares of BCorp directly and another 13.23% through Hotel Resort. BCorp can NEVER own more than 10% shares in treasury by LAW!

Hotel Resorts Enterprise, if I were not wrong, is most likely a company held by VT and son.

Nope, when the 45 million shares disposed is announced, ONLY VT and son making the announcement. BCorp doesn't make any announcement. If it's BCorp disposing, there'll be an announcement by BCorp as well.

If VT cares about minority interests, and if the buyer is institutional, he should make a clarification to the investing public. This announcement gives minorities, particularly the retail investors, a strong feeling that VT is goreng up the shares to DUMP!

The 45 million BCorp shares sold are VT's personal holding if I were not wrong, nothing to do with Sompo. What joke are you guys talking about???

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3147167

2 09/04/2021 45,000,000 Disposed Deemed Interest

Name of registered holder Hotel Resort Enterprise Sdn Bhd

lancefire, you may feel correction is almost over, but VT is telling you he's willing to sell at this price!

Sslee, as shown again and again, Bursa can ‘simply' extend the dateline

I'm not worried, I'm pissed off. I have bought and hold BCorp + BLand for so many years, why would I be worried?

And I am also NOT suggesting that VT is NOT genuine, fake philanthropist, fake buddhist or fake vegetarian...

scanluver I said "a genuine entrepreneur", I didn't say "VT, a/the genuine entrepreneur". One refer to the characteristic of a genuine entrepreneur, the other assume VT is...

I bought some BLand...BCorp bought Penta's BLand with 1.267 shares of BCorp, and now BLand is worth less than 0.80 BCorp.

a genuine entrepreneur claiming himself a philanthropist and vegetarian + buddhist does not need to "flush out the weak holder" lah...

slaughtering minority shareholders...

slaughtering minority shareholders...

hopeless, sigh!

I too believe BLand is highly undervalued, but if VT is not sharing, what good there is for us the minorities... Guess the low valuation is a self-inflicted shit, with the only exception that minorities got hit harder.

unfortunately, based on Penta's deal, there's a high possibility that VT won't or can't afford to privatize BJLand, cause the deal only offer to buy a portion of Penta's BJLand holding. Though, I am not in his position, it's hard to judge.

if it's Sompo selling, do you genuinely think VT won't have a clue? If he's interested, he would have bought them the moment Sompo is selling.

Umobile owned by VT+others NOT bcorp

I'll consider surrendering my bland shares if there's a. 38/.30 exchange ratio into bcorp, and will definitely taking the deal if an additional cash of 0.10 per bland share dividend is offered

I'm also here cursing, cursing Bursa and SC for failing to defend minority shareholders interests insisting on a similar exchange offered to minority shareholders when BCorp offer to buy Penta's BLand shares at an exchange ratio of 0.38/0.30 yet claiming no right to require a listed company initiating an MGO!

think it's more than 0.50, the only question left is when, 1 month, 6 month, a year or two?

no idea, if the China project sale proceed is returned, surely there's a few hundred million of profit to be book, from impairment made earlier to interest cost compensation. Right now, I am more pissed off by Bursa and SC not taking a stand to defend minorities and yet hoping for more retail participation.

bjcorp at 0.395 means BCorp has valued Penta's BLand at 0.50 currently, while market is valuing BLand at 0.275. Bursa failed to protect minorities allowing the deal to go through while minorities squeezed by the liquidity issue yet "claim" they can't force listed company to offer MGO. What a piece of shit!

Much to worry about. With BCorp at 0.355 currently, Penta who's gotten the exchange ratio of 0.38/0.30 saw their holding in BLand valued at 0.45, a fat difference from what BLand is traded now, i.e., 0.255-0.26. You may not mind, I do, felt like second class as a minorities.

kelvin61 privatization by big shark is and will never be fair, unless minorities and SC voice out heavily

roundcateye, I also believe a higher offer could be made, but if VT can't even meet the minimum of offering minorities what he had offered Penta, how can we minorities expect him to offer something better?

Frankly, I don't care much about what's offered, but what's offered to penta MUST be extended to other minorities

Or possibly a genocide

Oooh, and if it's just an Eastern bully reported by Western media, most likely its a massacre

Or shit

You see, if it's western cruelty, its their way of improving themselves... If it's Eastern cruelty, they're murderers... Very philosophical western theory

Really pray today's rally is not another one day show...

And on: Fri, Jun 28, 2019 at 9:17 AM. Bursa replied:
Dear Sir,
In line with our Company’s policy, we are unable to reveal any details of the assessment conducted by Bursa Securities in considering a lower public shareholdings spread. Nevertheless, any application submitted to Bursa Securities is being assessed objectively.
In addition, we also wish to clarify that Bursa Securities is not in a position to request any party to make any general offer. Any offer by the offerors will need to comply with the Rules on Take-Overs, Mergers and Compulsory Acquisitions of the Securities Commission.

Thank you.
Bursa 2U
Bursa Malaysia Berhad
Our Ref: CC/43/19

Bursa is not in a position to request any party to make any general offer, BUT Bursa has the right to disapprove the 0.38/0.30 exchange of BLand shares into BCorp shares given the already low shareholding spread. OR require the offer be made to other minorities if it's to be accepted!

TQ Mr. S S Lee, you spoke my heart!

Sslee, could you kindly insist on an exchange into BCorp shares at 0.38/0.30 ratio be one of the option where minority shareholders can choose? Thanks.

surely drop not so much lah, when crude rise, hibiscus barely move...

err... Lena Tan is a Tan, related to VT by blood?

errr... Lena Tan is a Tan, related to VT by blood?

Why buy when crude up, hibiscus no movement, crude down, hibiscus down? Give impression big boys are dumping to us retail investors

just hope this CEO has enough power to take BCorp to cross RM 1 again, VT has a lot of BCorp warrants...

probably Jalil can bring PNB fund or other fund managers' into BCorp?

surely hope that's the case...

as has been shown earlier, Bursa will simply amaze us with more 'approved' delay, denying minorities rights like the deal offered to 'buddy?' valuing BLand @ 0.38 exchanged into BCorp shares at 0.38/0.30 ratio Jan 2019 OR the deal offered to VT& 'buddy?' valuing BLand @ 0.70 exchanged into BCorp shares, warrants and cash Dec 2015.

Think THPlant revenue for Oct - Dec quarter compared to Jul - Sep quarter should be higher. While the production is falling, the crude palm oil price increment is more significant

Bcorp 小股东连白开水都快喝不起了，还喝白酒？