so, investing in another car brand to capture Perodua and/or Proton businesses? Or, to challenge the luxury brands like BMW, Mercedes and Porsche?

proton 2.0? if no government fund, die kuat kuat...

Err... leek, where do you get that insider info?

Umobile has nothing to do with BJCorp!

though, I believe, with more minorities willing to voice out, situation will begin to change...

leek, I don't understand the Vietnamese article. Based on the announcement, BJLand has seen its BVIUT shareholding diluted when Vinhomes injected equity into the company. BJLand intends to dispose what's left in BVIUT, 0.8%.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=87501&name=EA_GA_ATTACHMENTS

If you believe what's announced in Bursa is not genuine, you would have to contact BURSA or SC. I have an earlier experience with SC on Puncak Niaga and its with a few other shareholders. Frankly, don't see SC acted to protect minorities.

err... planning or blowing? based on current share price, market doesn't seem to appreciate it at all...

if share price is any indicator of coming quarterly earning, think BJCorp earning should not be good...

superbull11, thanks for your technical analysis. May I know what resistance BJCorp has to break before it can reach 0.60 or 1.00? Thanks!

Sigh! When's my 0.60 - 1.00...

Ting Pek Khiing announced 30 billion project and arrest warrant awaits him, VT announced 1.2 billion project and...

in exchange for what? Land + casino? hmm... bjland better be able to sell its Vietnam projects for more than RM 1 billion

err... only320,000 BJLand shares are traded today and 220,000 shares are due to VT buying

err... only320,000 BJLand shares are traded today and 220,000 shares are due to VT buying

With the recent announcement on breaking Bernas monopoly, is it possible Genting's Lim called to meet Dr, M to discuss the schedule to break Genting's monopoly on casino and online gaming?

during the last AGM, if i were not wrong, VT's son had already mentioned that it would take roughly 3 years for Vietlott's gaming project to breakeven...

i would rather hope for a special 5 cents dividend...

hmm... wonder if MACC would investigate Puncak's plantation deal given investigation into FGV's?

sports betting is a very sensitive issue among muslim Malaysians, I would assume it would take a while before its approved and legalized. Furthermore, there is a huge difference between Dr. M and LKS views on sports betting. while agreeing to legalizing betting, LKS believes the system should be designed so that majority of the profits of betting falls in the hand of government while Dr. M believes it should be in the hand of private sector

gangnam Lol...Berjaya: from zero to hero

http://www.vir.com.vn/berjaya-from-zero-to-hero-47424.html

well, based on the above link, BJLand seems to enter into way too much property projects than it can handle in Vietnam...

leek, based on the announcement, there are 3 BJLand's Vietnam subsidiaries that are involved:

(1) Berjaya Vietnam Financial Center, BVFC, sold 32.5% (the other 67.5%, if not wrong, is dilution from cash injection by Vinhomes) for RM 154.86 million with an estimated loss of RM 25.1 million.

(2) BVIUT, a cash injection of close to USD 600 million by Vinhomes, resulting a shareholding dilution to 0.8%. The 0.8% is yet to be disposed and that's probably why BJLand doesn't announce the profit/loss of the said investment.

(3) Another BJLand's subsidiary in Vietnam yet to be disposed but no name is disclosed. Together with BVFC and BVIUT disposal, BJLand is expecting a significant gain from these 3 projects disposal.

Hopefully, I have gotten the right picture from the announcement.

alas, I have more BJCorp shares than BJLand shares... Anyway, hopefully the market will respond favourably towards this news tomorrow.

http://www.theedgemarkets.com/article/berjaya-land-exits-longdelayed-v...

KUALA LUMPUR (June 5): After nearly a decade of delays in project execution, Berjaya Land Bhd (BLand) decided to call it a day. The property group is divesting its investment in a Vietnamese financial centre project at a loss.

In a filing today, BLand said it is selling off the entire 32.5% of total capital contribution in Berjaya Vietnam Financial Center Ltd (BVFC Ltd) to local firms Vinhomes Joint Stock Co and Can Gio Tourist City Corp for 884.93 billion Vietnamese Dong (RM154.86 million) cash.

BLand said a capital transfer agreement was signed between its subsidiary Berjaya Leisure (Cayman) Ltd (BLeisure Cayman) with the purchasers. BLand’s capital contribution in BVFC Ltd originally amounted to 967.31 billion Vietnamese Dong. “The proposed disposal will result in an estimated loss of about RM25.1 million,” it said.

The multi-billion ringgit Berjaya Vietnam Financial Center (BVFC) project was licensed in 2008, but faced multiple hiccups which hindered the project from being executed. The development, said BLand, would have comprised an office building, five-star hotel, service residences and shopping mall on a 6.64-hectare land located at 3/2 Street, District 10, Ho Chi Minh City, Vietnam.

However, BLand clarified that BVFC Ltd has not commenced operations.

“The consideration for the proposed disposal was arrived at on a willing buyer willing seller basis taking into consideration, amongst others, the business valuation, earnings potential and future prospects of BVFC,” it added. The proposed disposal, said BLand, is subject to the approvals from the Department of Planning and Investment in Ho Chi Minh and any other relevant authority.

BLand said the proceeds will be used by the group for working capital, adding that the proposal is expected to conclude during the second half of this year. Vinhomes, a subsidiary of the Vigroup Joint Stock Co, is involved in real estate trading, consulting, brokerage, auction of real estate and auction of land use rights.

Similarly, Can Gio — a 99.05%-unit of Vinhomes — is also involved in real estate trading, real estate brokerage and real estate services. In relation to the disposal, Vinhomes will also potentially purchase Berjaya Vietnam International University Town One Member Ltd Liability Co (BVIUT) from BLeisure Cayman, having injected capital into the unit and effectively raising its stake in the firm to 99.2%

BLeisure Cayman, which is left with 0.8% stake in BVIUT, plans to dispose of the stake in the near future.

“Together with the proposed BVIUT Disposal, the BLand group is also in negotiations on the potential sale of another of its Vietnamese subsidiaries,” said BLand, but did not elaborate on the details.

“Barring any unforeseen circumstances, the proposed disposals of all these three Vietnamese subsidiaries upon completion are expected to record significant gain and improve the consolidated net assets of BLand,” it added.

Shares of BLand closed unchanged at 31 sen apiece, giving it a market capitalisation of RM1.55 billion.

http://www.theedgemarkets.com/article/berjaya-land-exits-longdelayed-vietnam-financial-centre-project

KUALA LUMPUR (June 5): After nearly a decade of delays in project execution, Berjaya Land Bhd (BLand) decided to call it a day. The property group is divesting its investment in a Vietnamese financial centre project at a loss.

In a filing today, BLand said it is selling off the entire 32.5% of total capital contribution in Berjaya Vietnam Financial Center Ltd (BVFC Ltd) to local firms Vinhomes Joint Stock Co and Can Gio Tourist City Corp for 884.93 billion Vietnamese Dong (RM154.86 million) cash.

BLand said a capital transfer agreement was signed between its subsidiary Berjaya Leisure (Cayman) Ltd (BLeisure Cayman) with the purchasers. BLand’s capital contribution in BVFC Ltd originally amounted to 967.31 billion Vietnamese Dong. “The proposed disposal will result in an estimated loss of about RM25.1 million,” it said.

The multi-billion ringgit Berjaya Vietnam Financial Center (BVFC) project was licensed in 2008, but faced multiple hiccups which hindered the project from being executed. The development, said BLand, would have comprised an office building, five-star hotel, service residences and shopping mall on a 6.64-hectare land located at 3/2 Street, District 10, Ho Chi Minh City, Vietnam.

However, BLand clarified that BVFC Ltd has not commenced operations.

“The consideration for the proposed disposal was arrived at on a willing buyer willing seller basis taking into consideration, amongst others, the business valuation, earnings potential and future prospects of BVFC,” it added. The proposed disposal, said BLand, is subject to the approvals from the Department of Planning and Investment in Ho Chi Minh and any other relevant authority.

BLand said the proceeds will be used by the group for working capital, adding that the proposal is expected to conclude during the second half of this year. Vinhomes, a subsidiary of the Vigroup Joint Stock Co, is involved in real estate trading, consulting, brokerage, auction of real estate and auction of land use rights.

Similarly, Can Gio — a 99.05%-unit of Vinhomes — is also involved in real estate trading, real estate brokerage and real estate services. In relation to the disposal, Vinhomes will also potentially purchase Berjaya Vietnam International University Town One Member Ltd Liability Co (BVIUT) from BLeisure Cayman, having injected capital into the unit and effectively raising its stake in the firm to 99.2%

BLeisure Cayman, which is left with 0.8% stake in BVIUT, plans to dispose of the stake in the near future.

“Together with the proposed BVIUT Disposal, the BLand group is also in negotiations on the potential sale of another of its Vietnamese subsidiaries,” said BLand, but did not elaborate on the details.

“Barring any unforeseen circumstances, the proposed disposals of all these three Vietnamese subsidiaries upon completion are expected to record significant gain and improve the consolidated net assets of BLand,” it added.

Shares of BLand closed unchanged at 31 sen apiece, giving it a market capitalisation of RM1.55 billion.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5815957

1 31/05/2018 200,000 Acquired

Name of registered holder Hotel Resort Enteprise Sdn Bhd

Actually, based on the announcement, the Berjaya Vietnam International University, BVIUT, received VND 11.9 trillion cash injection, resulting in BJLand's shareholding diluted to 0.8% (with the 0.8% to be disposed in near future.) This is against what's previously suggested, i.e., a sale resulting in 600 million USD cash paid to BJLand.

Finally, its out!

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=...

Proposed disposal of Berjaya Vietnam Financial Center for RM 154.86 million with an estimated RM 25.1 million losses.

Together with BVIUT disposal, BJLand is also in negotiation to dispose another Vietnamese subsidiary with an expectation to record significant gain and improve consolidated net asset of BJLand.

Finally, its out!

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=87501&name=EA_GA_ATTACHMENTS

Proposed disposal of Berjaya Vietnam Financial Center for RM 154.86 million with an estimated RM 25.1 million losses.

Together with BVIUT disposal, BJLand is also in negotiation to dispose another Vietnamese subsidiary with an expectation to record significant gain and improve consolidated net asset of BJLand.

Alas, roger, I know it's 0.5 Sen, why else I emphasized 'very caring'? But has to agree with 5sendividend's effort? It's still better than none

5sendividend, you are right, my apology. 0.5 sen is better than nothing.

a "very caring" board of directors!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5811929

14.061 million losses this quarter

wow, its true! 0.05 per share dividend proposed...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5811989

The Board of Directors of Puncak wishes to announce the declaration of a single tier interim dividend of 0.5 sen per ordinary share for the financial year ending 31 December 2018.

The entitlement and payment dates of the interim dividend will be determined and announced in due course.

This announcement is dated 31 May 2018.

roger123, no, I didn't attend, finding it a waste of time, sigh!

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


Name of Affected Person Date of Transaction Price per share No. of shares acquired


Tan Sri Dato' Seri Vincent Tan Chee Yioun 30.5.2018 RM0.2933 2,000,000


The above shares were acquired through MOL.com Sdn Bhd, a company where TSVT is deemed to have an interest.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5809381


Name of Affected Person Date of Transaction Price per share No. of shares acquired


Tan Sri Dato' Seri Vincent Tan Chee Yioun 30.5.2018 RM0.2933 2,000,000


The above shares were acquired through MOL.com Sdn Bhd, a company where TSVT is deemed to have an interest.

quite frankly, if the vinhome deal is like what's suggested, BJLand and BJCorp share prices won't be at this level. To those having high hope on this, you better contact BJCorp or BJLand investor relation for clarification before investing to protect your investment. The news is goreng for sometime with no price adjustment reflecting this too good to be true deal...

If you have invested believing in something else, that would be a different story...

Gangnam, I already emailed BJCorp investor relation raising my concern. I believe if you are investing on this vinhome deal, I would strongly suggest you to do the same

quite frankly, if the vinhome deal is like what's suggested, BJLand and BJCorp share prices won't be at this level. To those having high hope on this, you better contact BJCorp or BJLand investor relation for clarification before investing to protect your investment. The news is goreng for sometime with no price adjustment reflecting this too good to be true deal...

If you have invested believing in something else, that would be a different story...

freestospeak, my apology, I misunderstood your message.... you were actually writing what I meant to say :)))

err... freetospeak, before the announcement of legalized football betting, BJCorp share price would have risen at least 30-50%, you think no insider buying before us small ikan bilis are 'allowed' to know?

and i thought BJCorp is spared from today's selloff :(

Difficult for Malaysia market given cancelled HSR project and other potential cancellations...

After I read about the Vietnam Property Projects deal, I have decided to email BJCorp's investor relation for a reason, the share price doesn't seem to respond to such a 'good' news, as if its too good to be true.

The first response I received is "no confirmed deal" followed by "announcement will be made in due course" after proof presented by a few, including shortinvestor77. I believe as an investor, trading on this news is not wise. And if you are concerned over the truth over the matter, I would strongly suggest you email BJCorp's investor relation to seek further clarification and/or announcement in public.

I realize that one of us have already emailed BURSA in his own capacity. Though, given BJCorp investor relation's relatively prompt response, you may want to email them as well besides the ultimate option, SC and/or BURSA.

After I read about the Vietnam Property Projects deal, I have decided to email BJCorp's investor relation for a reason, the share price doesn't seem to respond to such a 'good' news, as if its too good to be true.

The first response I received is "no confirmed deal" followed by "announcement will be made in due course" after proof presented by a few, including shortinvestor77. I believe as an investor, trading on this news is not wise. And if you are concerned over the truth over the matter, I would strongly suggest you email BJCorp's investor relation to seek further clarification and/or announcement in public.

I realize that one of us have already emailed BURSA in his own capacity. Though, given BJCorp investor relation's relatively prompt response, you may want to email them as well besides the ultimate option, SC and/or BURSA.

frankly, i'm clueless, still trying to figure out myself. Will email BJCorp one last time and will show you guys know what I have emailed by the latest this evening.

What if the Vietnam property projects are the private sector 1MDB? I would rather wait for further clarification and investigation, hopefully by SC or BURSA (since shortinvestor77 already emailed in, I'll email another this evening if no announcement by bjcorp this evening)

to me, this is a place to share information and knowledge. Posting what I know is my way of saying thank you to those posting valuable information and knowledge here.

With the posted news on BJLand Vietnam property projects being disposed without announcement, quick frankly, I am uneasy. If there's no announcement today, I will write in again with a copy CC to Bursa and SC.

With reference to your query below, kindly be informed that an announcement will be made in due course.

Thank you and kind regards,
Lydia

* err... hopefully within these 2 days, or I'll write them to learn what she meant by due course.

With reference to your query below, kindly be informed that an announcement will be made in due course.

Thank you and kind regards,
Lydia

* err... hopefully within these 2 days, or I'll write them to learn what she meant by due course.