Key events:

1. On Selangor Turf Club land - 24 Oct

The Court of Appeal has granted a stay of execution of the Shah Alam High Court judgment and the Assessment Proceedings pending the disposal of the main appeal at the Court of Appeal. The hearing of the Selangor State Government's appeal at the Court of Appeal has been fixed on 24 October 2019.
The STC Proposals proceedings are still ongoing.

2. On Jeju Island - 25 July

In view of the nullification of all the development approvals issued in connection with the Jeju
Project, BJR made an application to the court in the JDC Lawsuit for a supplementary land price
appraisal report, to be prepared with respect to the Jeju Project site subject to a revised
assumption that no development approval had been issued on the Jeju Project site. In February
2018, the presiding judge in the JDC Lawsuit was re-assigned to another court, and another judge
was appointed as the new presiding judge in the JDC Lawsuit. In July 2018, BJR made an
application to the court in the JDC Lawsuit to conduct a second supplementary land price appraisal
report, as BJR was dissatisfied with the first supplementary land appraisal report which was based
on disputable land reference. The court in the JDC Lawsuit granted BJR's application to conduct a
second supplementary appraisal, to be undertaken by a different appraiser. The second
supplementary land price appraisal report has been completed and the next hearing date has been
set on 25 July 2019. The JDC Lawsuit is still ongoing.

3. China project disposal - 14 to 18 Oct

On 19 January 2018, the Company announced that GMOC submitted a Notice of Arbitration to the
Hong Kong International Arbitration Centre ("HKIAC") against Beijing SkyOcean and the Guarantors ("Respondents") to seek recovery of the Final Instalment and accrued late payment interests as well as other reliefs. Further to the last quarterly report, the arbitral tribunal has been constituted and the procedural timetable has been determined by the tribunal for pre-trial preparation, including closing of pleadings and exchange of witness statements etc. The tribunal has directed that the arbitration hearing will take place on 14 to 18 October 2019. The GMOC Project Arbitration Proceedings are still ongoing.

4. Vietnam property projects disposal completion (the property development, hotel disposal has been completed)

Clueless

5. Kyoto Four Season disposal

Clueless

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6206053

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD

BERJAYA LAND BERHAD

Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce the dealing in the securities of the Company by Tan Sri Dato' Seri Vincent Tan Chee Yioun ("TSVT"), a Director of Sports Toto Malaysia Sdn Bhd, a major subsidiary of the Company as set out in the table below.


ORDINARY SHARES

DEEMED INTEREST


Name of Affected Person

Date of Transaction

Price per share

No. of shares disposed or acquired

% of Ordinary shares


Tan Sri Dato' Seri Vincent Tan Chee Yioun

25.6.2019

RM0.20

3,500,000 (i)

0.07


Tan Sri Dato' Seri Vincent Tan Chee Yioun

25.6.2019

RM0.20

38,856,070 (ii)

0.78


Tan Sri Dato' Seri Vincent Tan Chee Yioun

25.6.2019

RM0.20

17,350,000 (iii)

0.35


Tan Sri Dato' Seri Vincent Tan Chee Yioun

25.6.2019

RM0.20

4,613,780 (iv)

0.09


Tan Sri Dato' Seri Vincent Tan Chee Yioun

25.6.2019

RM0.20

64,319,850 (v)

1.29


(i) Disposal of shares via married deal by Berjaya Corporation Berhad, a company where TSVT is deemed to have an interest.

(ii) Disposal of shares via married deal by Teras Mewah Sdn Bhd, a company where TSVT is deemed to have an interest.

(iii) Disposal of shares via married deal by Juara Sejati Sdn Bhd, a company where TSVT is deemed to have an interest.

(iv) Disposal of shares via married deal by Bizurai Bijak (M) Sdn Bhd, a company where TSVT is deemed to have an interest.

(v) Acquisition of shares via married deal by Berjaya Hills Resort Berhad, a company where TSVT is deemed to have an interest.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=95635&name=EA_GA_ATTACHMENTS

BERJAYA LAND BERHAD
DISPOSAL OF THE ENTIRE 75% STAKE IN T.P.C NGHI TAM VILLAGE LTD (“DISPOSAL”)

(Unless otherwise defined, the abbreviations and definitions used throughout this Announcement are the same as those previously defined in the earlier announcements).
We refer to the announcements dated 28 December 2018, 1 March 2019 and 13 May 2019 on the Disposal for a cash consideration of VND1,244.59 billion (about RM222.18 million or USD53.37 million) and settlement of the amount owing by TPC Village of VND1,670.41 billion (about RM298.20 million or about USD71.63 million), totaling VND2,915 billion (about RM520.38 million or about USD125 million) (“Total Payment Receivable”).
The Board of Directors of B-Land wishes to announce that the entire Total Payment Receivable has been received in cash by the B-Land Group following the receipt of the balance of VND62.23 billion (about RM11.11 million or about USD2.67 million) upon the receipt of the amended Investment Certificate issued by the Vietnamese authority.
This Announcement is dated 27June 2019.

investor 8, thanks... curious as to who's buying and selling...

Err... Here's my understanding. While BJLand has posted profit this quarter, its mainly due to asset disposal. Operating cash flow, while improved, is still in the negative region if BJToto's operating cash flow is removed. Net debt is further reduced, from 1.8 billion to 1.5 billion (BJToto's net debt is not included here), but is still significant, unless proceed from other disposal in Vietnam or Kyoto is materialized, or money from court cases, Jeju, China and Selangor, are settled. BJLand is still paying 120 million interests expenses FY 2019 (BJToto's 50 million interest expenses is excluded here.) All can be said is, BJLand's balance sheet is improving, but not as rosy unless court cases or Vietnam/Kyoto disposals are completed. My guess, current share price that's lower despite improved condition has to do with BJLand's extremely low shareholding spread and market anxiety over this company's operation....

we could have easily 50 million shares traded at 0.195, wonder who's buying and who's selling, given low liquidity of less than 700 million floating shares? Investigating Penta's holding would be extremely interesting...

err... its profit for this quarter IS 181 million, NOT 18 million

Hopefully, this earning report will help stop the downtrend, sigh!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6200993

1 Revenue
1,639,019


2 Profit/(loss) before tax
278,636

3 Profit/(loss) for the period
218,539


4 Profit/(loss) attributable to ordinary equity holders of the parent
181,475

5 Basic earnings/(loss) per share (Subunit)
3.64

6 Proposed/Declared dividend per share (Subunit)
0.00

Kenn, probably first thing to learn would be NOT to catch low from bosses like VT's companies?

err.... if SC were to approve the transaction, they sure can come up with million excuses to let through the deal, don't think its worthwhile trying to complain. Frankly, after my experiences with SC on Puncak Niaga, no more mood to seek justice.

good123, look at it this way, SC and Bursa have "silently" approved BJCorp to buy Penta's stake without having to make MGO, whether its arrogance, corruption or merely ignoring minorities feeling at will... Under this circumstances, would you think MSWG has any way to address?

Its not "if you believe", its VT "failed or purposely NOT to be trusted" ...

With breaking promises on dividend policy, to ignoring minorities when offering to buy BJLand shares and "spreading" fake news himself...

Just yesterday and today, BJLand has almost 29 million shares traded at 0.195 that's almost 4% of floating shares, so many sellers and yet BJLand is traded at 33% discount to its ownership in BJToto...

unbelievable, 20 over million shares traded at 0.195 today...

Penta queuing to sell?

sigh!

hmm... almost 3 million shares available at 0.195, and I thought there are many here seems can't get enough at this price?!?

my apology, I have mentioned earlier that there's no quarter report for BJLand this month, but its wrong though. With BJFood announcing result today, I suppose BJLand will announce its result soon...

Just repeat with another all time low, well, pretty close at 0.20...


Will History Repeats Itself? Here's a collection of research compiled by others..

https://klse.i3investor.com/m/blog/laulauramblings/147946.jsp

11/06/2019 4:42 PM

only to those who have bought.... to those trying to buy, seems like sh*t and smell like sh*t. VT talk-cocked many things end of last year and yet to deliver any...

unless you live inside VT or possibly some of VT's buddies, guess the best thing you can do is guessing...

No, Q4 result will only be announced end of Aug. Bjland has already changed its reporting to end at June each year...

if there's a privatization, we as shareholders should insist on an option of 0.38/0.30 share exchange into BJCorp as was offered to Penta...

Money losing investor, nothing to offer, sigh!

My view on BJLand's net asset value.

1. BJLand's net asset per share is 0.82, based on most recent quarter report. This 0.82 has included all intangible value, including that of gaming rights. This basically means that BJLand's tangible book value is ONLY 0.02 per share based on what's reported. Though, it should not be alarming, given that many assets under BJLand were not revalued for years.

2. To get an idea of BJLand's true value, a sum of part valuation could be easier. BJLand has a net debt of 1.6 billion excluding BJToto's. The recent Vietnam hotel disposal will bring in 500+ million cash that should reduce BJLand's net debt to less than 1.4 billion (some money has been spent to buy Iceland property and kick start Okinawa Four Season.) BJland's BJtoto is worth roughly 1.4 billion, basically means BJLand will be debt free after disposing BJtoto. Meanwhile, BJLand, together with BJCorp, is in the process (or is it a lie?) of disposing Kyoto Four Season worth at least 3.2 billion (800 million USD) and BJLand stands to collect 1.6 billion, or RM 0.32 per share. Besides that, BJLand is awaiting court ruling on Jeju Island, China Great Wall, and Sungai Besi compensation. Based on what's reported, BJLand is looking to collect at least another 1.6 billion. Assuming 50% discount to reflect VT's credibility, its another RM 0.16 per share. Besides all these, BJLand still hold on to hotels and lands to be developed (including those currently held as clubs.) My guess that's should be another 1.6 billion, or RM 0.32 per share. So, probably BJLand's net asset per share of 0.82 is a reflection of its net tangible asset as well.

Yes, contrarian, out of the total, 3.9 billion refers to the gaming right.

Money from Vietnam hotel spent on Iceland, bjtoto and japan.... Kyoto four season, who knows whether there's a disposal at all...

VT offers so many broken promises, while hoping its true this time, its difficult to judge and surely buying/selling on what's 'said' is pretty much equivalent to gambling, sigh!

Kyoto Four Season is 50% BJCorp 50% BJLand. The project is initially owned by BJLand and have its 50% sold to BJCorp...

my guess, CEO said no dividend so price drop...

Err... I was wondering if the Fri news is more about VT selling bjland shares instead of buying, is it possible?

I'm kind of hoping for a special 0.10 special dividend and an exchange to bjcorp shares at 0.38/0.30 ratio... a dream too hard to fulfill, I guess.

Err... so, does that mean privatization soon?

http://www.bursamalaysia.com/market/listed-companies/company-announcem...

BERJAYA LAND BERHAD

Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
Description Intention to deal during closed period

Berjaya Land Berhad ("BLand") has received a notification dated 24 May 2019 from Tan Sri Dato' Seri Vincent Tan Chee Yioun, a Director of Sports Toto Malaysia Sdn Bhd, a major subsidiary of BLand, that he intends to deal in the securities of BLand during the closed period. His interest in the securities of BLand as at 24 May 2019 is set out in the table below:


No. of Ordinary Shares %

Direct Interest 69,150,400 1.386
Indirect Interest 4,156,086,872 83.298
Total 4,225,237,272 84.684


This Announcement is dated 24 May 2019.

24/05/2019 5:52 PM

Err... so, does that mean privatization soon?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6170113

BERJAYA LAND BERHAD


Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
Description Intention to deal during closed period




Berjaya Land Berhad ("BLand") has received a notification dated 24 May 2019 from Tan Sri Dato' Seri Vincent Tan Chee Yioun, a Director of Sports Toto Malaysia Sdn Bhd, a major subsidiary of BLand, that he intends to deal in the securities of BLand during the closed period. His interest in the securities of BLand as at 24 May 2019 is set out in the table below:




No. of Ordinary Shares %

Direct Interest 69,150,400 1.386
Indirect Interest 4,156,086,872 83.298
Total 4,225,237,272 84.684


This Announcement is dated 24 May 2019.

just know one thing, if we don't sell and keep adding some while someone keep selling in an attempt to 'buy cheap', it will stop once knowing there's nothing to buy except selling cheaply. More worrisome is when the listed entity is producing garbage and not deliver what's pledged. Worst is when SC and Bursa keeping an eye closed when the listed entity is throwing garbage at its minorities...

if some party/fund just want to exit the stock, then, good luck to us all minorities. Unless there's another buyer of similar size, there's basically no support. Luckily, BJLand has less than 1 billion shares that's freely floated. Just my thoughts...

err... if he said gugu chopped already, will you believe?

without the money from Kyoto four season or jeju settlement, I doubt BJCorp has the capacity to pay 0.80 per share to privatize. VT has failed to honor promises with the latest being Kyoto Four Season sale around February...

Err.... won't be much actually, bjcorp is owning an additional 10% worth slightly over 350 million at best. To privatize bjland, bjcorp will need much more than that, unless it's cash + shares deal.

Err... could this be possible? BJLand MGO for bjcorp's toto shares and with money from toto deal, bjcorp privatize bjland?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6160793

BERJAYA LAND BERHAD
ACQUISITIONS OF SHARES IN BERJAYA SPORTS TOTO BERHAD

1. The Board of Directors (“Board”) of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that the Company had acquired a total of 8.0 million ordinary shares (“BToto Shares”) representing about 0.59% equity interest in Berjaya Sports Toto Berhad (“BToto”) from its holding company, Berjaya Corporation Berhad (“BCorp”), and its subsidiaries via direct business transactions during the period from 22 April 2019 to 13 May 2019 for a total cash consideration of RM20.0 million or at an average acquisition price of RM2.50 per BToto Share (“Acquisitions”).

2. Following the Acquisitions, BLand and its subsidiaries (“BLand Group”) now hold a total of 549.9 million BToto Shares representing about 40.83% equity interest in BToto.

3. The cash consideration of the Acquisitions were at the prevailing market prices of BToto Shares at the time of acquisitions. The BToto Shares were acquired free and clear of all liens, charges and claims of any kind or restriction together with all rights attached thereto.

4. The Acquisitions were funded from internal funds of the BLand Group. There is no liability to be assumed by the BLand Group arising from the Acquisitions. The Acquisitions enabled the BLand Group to increase its stake in BToto.

5. The Acquisitions have no effect on the issued share capital or substantial shareholders’ shareholdings of BLand. The Acquisitions are not expected to have any material effect on the net assets, earnings and gearing of the BLand Group for the current financial period ending 30 June 2019.

6. The Acquisitions are not subject to the approval of the shareholders of BLand or any authority.

7. Tan Sri Dato’ Seri Vincent Tan Chee Yioun (“TSVT”) is a deemed major shareholder of BLand (and BToto) by virtue of him being the major shareholder of BCorp. He is also the Executive Chairman of BCorp.
Ms. Nerine Tan Sheik Ping (“NTSP”) and Ms. Chryseis Tan Sheik Ling (“CTSL”) are Executive Directors of BLand. NTSP is also an Executive Director of BCorp and the Chief Executive Officer of BToto. NTSP and CTSL are shareholders of BLand, siblings and daughters of TSVT.
NTSP and CTSL, being persons connected to TSVT have abstained from all Board deliberations and voting in relation to the Acquisitions.
Datuk Robert Yong Kuen Loke (“DRYKL”) is a shareholder and an Independent Non-Executive Director of BLand, BCorp, and BToto. Pursuant to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), DRYKL is not deemed to be interested in the Acquisitions. Notwithstanding, DRYKL has voluntarily abstained from all Board deliberations and voting in relation to the Acquisitions.
Save as disclosed, none of the other Directors and major shareholders of BLand and/or persons connected to them has any interest, direct or indirect, in the Acquisitions.

8. The Board of BLand (save for NTSP, CTSL and DRYKL) is of the opinion that the Acquisitions are in the best interest of the BLand Group. The Audit and Risk Management Committee of BLand is of the opinion that the Acquisitions are fair, reasonable and on normal commercial terms and are in the best interest of the BLand Group. In addition, the Audit and Risk Management Committee of BLand is also of the view that the Acquisitions are not detrimental to the interest of the minority shareholders of BLand.

9. The highest percentage ratio applicable to the Acquisitions pursuant to Paragraph 10.02(g) of the Listing Requirements is about 0.47%.

This Announcement is dated 14 May 2019.

The first stage of restructuring by letting BJLand acquires BJCorp's Toto shares? Why not simply sold all in one transaction?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6160765

1 13 May 2019 4,000,000 Acquired Direct Interest

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6138397

1 22 Apr 2019 4,000,000 Acquired Direct Interest

The company that was sold has an equity valued at 222 million but debt to BJLand's group of companies at roughly 300 million. So, the total payment made to BJLand is 500+ million.

stahl2017, the sale was announced on Dec 28, 2018, BJLand was closed at 0.205 that day and jumped to 0.225 the next day. Now, BJLand is back to 0.205 despite the update suggesting most of the payment has been made, to the amount of RM 520 million. That's why there's no impact.

Even good news can't make an impact of BJLand share price, sigh!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6158817

BERJAYA LAND BERHAD
DISPOSAL OF THE ENTIRE 75% STAKE IN T.P.C NGHI TAM VILLAGE LTD (“DISPOSAL”)
(Unless otherwise defined, the abbreviations and definitions used throughout this Announcement are the same as those previously defined in the earlier announcements).

We refer to the announcements dated 28 December 2018 and 1 March 2019 on the Disposal for a cash consideration of VND1,244.59 billion (about RM222.18 million or USD53.37 million) and settlement of the amount owing by TPC Village of VND1,670.41 billion (about RM298.20 million or about USD71.63 million), totaling VND2,915 billion (about RM520.38 million or about USD125 million) (“Total Payment Receivable”).

The Board of Directors of B-Land wishes to announce that todate a total of VND2,852.77 billion (about RM509.27 million or about USD122.33 million) cash have been received following the receipt of another tranche of Total Payment Receivable amounting to VND233.20 billion (about RM41.63 million or about USD10.00 million).

The outstanding balance of VND62.23 billion (about RM11.11 million or about USD2.67 million) representing about 2% of the Total Payment Receivable currently deposited in the escrow account will be received by the B-Land Group upon the receipt of the amended Investment Certificate to be issued by the Vietnamese authority.

This Announcement is dated 13 May 2019.

markmark, you can write to Lydia at media@berjaya.com.my. Usually she would reply within a few days.

Well, recent penta acquisition gives me a strong impression bursa and SC are letting bjcorp squeezed bjland minorities with no mercy...

ngchengwah, if you are concerned over the deal, you should write in to SC seeking update on the complaint. Sslee has already posted his case here.

best not touch until 'firm' announcement, could be a VT trap!

If the 'confirmed' news not BJLand announcement through Bursa, it could be fake news.

err... no good news with overall market lackluster, how to bull?