In that case, there should be at least an announcement on a deal with Vinhomes, whether its a deal pending completion or MOU looking into disposal to them...

Truth is, I was nervous, partly due to 1MDB and other political issues showing how capable we Malaysians can be. I am concerned if the said assets have been transferred to Vinhome and if yes, how is it possible there's no announcement or any sign of payment received by BJLand?!?

Thank you for your email.

I will refer your query to the relevant department in charge and will revert once I have their response to this matter.


Best regards,

Lydia

Thank you for your email.



I will refer your query to the relevant department in charge and will revert once I have their response to this matter.





Best regards,

Lydia

But at least I'm trying.

My experience with Puncak tells me not much chance...

shortinvestor77, how much I wish I can give you a thumbs up now! Thanks, your letter is much clearer.

End of next month... But it doesn't really matter, it's my understanding, deals have to be disclosed to shareholders and if needed, shareholders approval must be sought.

Well, if you are minorities and angry, you could email SC, MSWG, or bjcorp investor relations... I wrote believing I should voice out as a minority shareholder

Real pissed off, I just emailed Berjaya for clarification:

Dear Lydia,

Attached you should find a copy of Vinhome's quarterly report. On page 29 of its report, Berjaya's two property projects have become Vinhome's. When I raised the issue to you in an earlier email, I was informed "there is no confirmed deal". How would a deal not confirmed resulted in Berjaya's subsidiaries become Vinhome's. Would you kindly investigate into it and make a public announcement to clarify the situation, or would you prefer I refer the document to SC for its investigation?
Thanks.

Best regards,

A real unhappy minority shareholder

Real pissed off, I just emailed Berjaya for clarification:

Dear Lydia,

Attached you should find a copy of Vinhome's quarterly report. On page 29 of its report, Berjaya's two property projects have become Vinhome's. When I raised the issue to you in an earlier email, I was informed "there is no confirmed deal". How would a deal not confirmed resulted in Berjaya's subsidiaries become Vinhome's. Would you kindly investigate into it and make a public announcement to clarify the situation, or would you prefer I refer the document to SC for its investigation?
Thanks.

Best regards,

A real unhappy minority shareholder

Really funny, and BJCorp or BJLand has no requirement to make relevant announcement?!? Sleeping SC?!?!?

Kenanga to start negotiation to buy BJCorp's brokerage arm, yet no price movement, very kuat...

Cosway is the reason why BJCorp has a huge revenue but no profit lah!

awaiting good news, and there's none to show...

How real is the Vietnam Property Projects sale to Vietnam Property Developer?!?

still on an uptrend?

err... asking rozali for money? err......................................................................

leek, bjcorp owns roughly 72% of BJLand while VT owns roughly another 9% through his own investment vehicles...

leek, bjcorp owns roughly 72% of BJLand while VT owns roughly another 9% through his own investment vehicles...

surprising, hopefully the uptrend is sustainable based on something potential (like capturing some contracts after certain contracts 'reviewed' by PH) and reach above 1.00 per share soon...

err... thought BJCorp and BJLand still on an uptrend?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5790109

No Date of change No of securities Type of transaction Nature of Interest

1 14/05/2018 406,900 Disposed Indirect Interest

Name of registered holder Rayvin Tan Yeong Sheik

from what I read through CIMB trading platform, the short selling is only 330,000 shares...

Oh, I see... so, no oomph?

closing is much better than I thought... phew!
Doubt earning can improve given the plantation will take time. The only hope is a sudden construction projects doled out by government (err, any possibility at all?!?)...

err... why are you guys talking about 0.40? With a closing of 0.305 last Tuesday, the most BJCorp can reach today is 0.395, given 30% cap.

Need the Vietnam deal disclosed to offer further upside potential?

wah! So, 0.395 toay, 0.51 tomorrow, 0.66 day after?!?

leek, as much as i would like to know more, I'm just a minority shareholder like you clueless about the whole situation... my best guess, BJCorp hasn't signed anything yet, so they are not obligated to disclose anything yet?!?

Received the following reply from BJCorp

(1) Ritz-Carlton Residences

The Ritz-Carlton Residences KL was completed in 2017. There is no listing requirement to announce its completion. The sales and profit of sold units that have been recognized progressively were reported in the Segmental Information of the quarterly reports under the segment of Property Development and Investment. The sales and profit figure of the Ritz-Carlton Residences KL was not separately disclosed but was reported together with all the other property projects of the Group. The Group is not obligated to disclose the results of specific projects.

(2) Vietnam Property Projects

There is no confirmed deal as alleged in this article, and hence, no announcement is necessary.

I have sent another email as follow:

Dear Lydia,


If you can't disclose to me, would you be able to confirm if the financial reporting team be willing to offer some insight into the status of Ritz-Carlton Residences in the coming quarterly financial reporting? Its a 1.2 billion project, I believe minority shareholders would surely appreciate to learn about the project's profitability and sales condition.

Thanks.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5786517

1 03 May 2018 3,000,000 Acquired Deemed Interest

2 04 May 2018 1,221,600 Acquired Deemed Interest

I have sent another email as follow:

Dear Lydia,


If you can't disclose to me, would you be able to confirm if the financial reporting team be willing to offer some insight into the status of Ritz-Carlton Residences in the coming quarterly financial reporting? Its a 1.2 billion project, I believe minority shareholders would surely appreciate to learn about the project's profitability and sales condition.

Thanks.

Received the following reply from BJCorp

(1) Ritz-Carlton Residences

The Ritz-Carlton Residences KL was completed in 2017. There is no listing requirement to announce its completion. The sales and profit of sold units that have been recognized progressively were reported in the Segmental Information of the quarterly reports under the segment of Property Development and Investment. The sales and profit figure of the Ritz-Carlton Residences KL was not separately disclosed but was reported together with all the other property projects of the Group. The Group is not obligated to disclose the results of specific projects.

(2) Vietnam Property Projects

There is no confirmed deal as alleged in this article, and hence, no announcement is necessary.

freetospeak I'm not particularly concerned if a deal will be completed, but if the 600 over million USD will be the transacted amount.

freetospeak, are you referring to this? If yes, the sale is actually not confirmed yet, just close to getting a deal done. Maybe this is a more reliable news?!?

http://bizhub.vn/property/hcmc-projects-get-new-investors_294429.html

The HCM City property sector has continued to attract a lot of foreign investment, especially via mergers & acquisitions.

Nguyen Hoai Nam, general director of Malaysia’s Berjaya Viet Nam, told Dau tu (Invesment) newspaper that his company had sold its two projects in the city to another investor.

The Viet Nam Financial Centre (VFC) in District 10 and the Viet Nam International University Township (VIUT) in Hoc Mon District have register capital of US$930 million and $3.5 billion.

“We cannot disclose detail information because the two sides are on the discussion and all might finish soon,” he said.

The 7ha VFC, licensed in 2008, would have a five-star hotel, apartment and shopping mall.

The 925ha VIUT was also licensed in 2008. It needs to build a university on 100ha, while the remaining can be used for commercial, amusement, and residential facilities.

Nam said both projects face challenges and have thus been delayed.

“Following the sale, work will soon begin.”

Singapore-based Keppel Land announced that it is buying 40 per cent of the $1.2 billion Empire City in the Thu Thiem New Urban Area.

The 14.6ha project received a licence in 2015 for building an 86-floor tower with luxury apartments, office space and a retail area.

Besides property, science and technology services and tourism are attracting the most interest from foreign investors. — VNS

freetospeak, are you referring to this? If yes, the sale is actually not confirmed yet, just close to getting a deal done. Maybe this is a more reliable news?!?

http://bizhub.vn/property/hcmc-projects-get-new-investors_294429.html

The HCM City property sector has continued to attract a lot of foreign investment, especially via mergers & acquisitions.

Nguyen Hoai Nam, general director of Malaysia’s Berjaya Viet Nam, told Dau tu (Invesment) newspaper that his company had sold its two projects in the city to another investor.

The Viet Nam Financial Centre (VFC) in District 10 and the Viet Nam International University Township (VIUT) in Hoc Mon District have register capital of US$930 million and $3.5 billion.

“We cannot disclose detail information because the two sides are on the discussion and all might finish soon,” he said.

The 7ha VFC, licensed in 2008, would have a five-star hotel, apartment and shopping mall.

The 925ha VIUT was also licensed in 2008. It needs to build a university on 100ha, while the remaining can be used for commercial, amusement, and residential facilities.

Nam said both projects face challenges and have thus been delayed.

“Following the sale, work will soon begin.”

Singapore-based Keppel Land announced that it is buying 40 per cent of the $1.2 billion Empire City in the Thu Thiem New Urban Area.

The 14.6ha project received a licence in 2015 for building an 86-floor tower with luxury apartments, office space and a retail area.

Besides property, science and technology services and tourism are attracting the most interest from foreign investors. — VNS

betyem, 我想有关资讯应该已经能够驱动他们去了解后回复我们了，如果他们的回复不够清晰，我再以你的资讯提问。

Betyem, too late lah, sent already... my post is just to share...

surely...

Sent to Berjaya Investor Relation today...

Dear Lydia,

Would you kindly assist in clarifying the status on the following issues, I am a shareholder of both Berjaya Corporation and Berjaya Land?

(1) Ritz-Carlton Residences KL
I had, through various news published in Edge, noticed that Ritz-Carlton Residences KL has been completed since Dec 2017. However, the related announcement was not made during the FY 2018 2nd quarterly report, which was published end of March 2018. Would you kindly investigate into why the said project was not seeing any revenue or profit recognition, from beginning until the FY 2018 2nd quarterly report? If there has been any recognition of sales and profit, would you kindly point towards where the number has been reflected?

(2) Vietnam Property Project Disposal

It was reported in Vietnam Newspaper, through the following website,

http://english.vietnamnet.vn/fms/business/199098/business-in-brief-19-...

the disposal of Berjaya Vietnam Property Project, Berjaya Vietnam International University Township One Member LLC and Vietnam Berjaya Financial Centre , for over USD 600 million. Is the said news TRUE and accurate? If yes, how is it possible the deal is not announced on Bursa?

Sent to Berjaya Investor Relation today...

Dear Lydia,

Would you kindly assist in clarifying the status on the following issues, I am a shareholder of both Berjaya Corporation and Berjaya Land?

(1) Ritz-Carlton Residences KL
I had, through various news published in Edge, noticed that Ritz-Carlton Residences KL has been completed since Dec 2017. However, the related announcement was not made during the FY 2018 2nd quarterly report, which was published end of March 2018. Would you kindly investigate into why the said project was not seeing any revenue or profit recognition, from beginning until the FY 2018 2nd quarterly report? If there has been any recognition of sales and profit, would you kindly point towards where the number has been reflected?

(2) Vietnam Property Project Disposal

It was reported in Vietnam Newspaper, through the following website,

http://english.vietnamnet.vn/fms/business/199098/business-in-brief-19-4.html

the disposal of Berjaya Vietnam Property Project, Berjaya Vietnam International University Township One Member LLC and Vietnam Berjaya Financial Centre , for over USD 600 million. Is the said news TRUE and accurate? If yes, how is it possible the deal is not announced on Bursa?

按规定，如果真的销售了，有关新闻必须发布的，我有点担心有可能只是
（1）假新闻 （很糟糕）
（2）越南新闻界只是提前暴露销售，真实买卖还没签合同（最好状况）。。。

isn't it strange, there's no publicity on the Vietnam land sale? Shouldn't this catch SC attention?

contract value: RM 489.9 million

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5782781

Puncak wishes to announce that the Company’s wholly-owned subsidiary, namely Puncak Niaga Construction Sdn Bhd (Company No. 538507-T) (“PNCSB”) had on 2 May 2018 entered into a Principal Sub-Contract Agreement with Jalur Cahaya Sdn Bhd (Company No. 599034-X) (“JCSB”) for JCSB to appoint PNCSB as the principal sub-contractor for the project, “Projek Pembinaan Loji Rawatan Kumbahan Serantau Dan Rangkaian Paip Pembetungan Di Bandar Kuantan, Pahang (Reka Dan Bina)” (“Kuantan Project”) (“Principal Sub-Contract Agreement”).

phew, another 9.2 million shares...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5781813

1 26 Apr 2018 4,200,000 Acquired Direct Interest
2 27 Apr 2018 5,000,000 Acquired Direct Interest

Ritz-Carlton Residences is BJCorp project lah...

What shock me is that the news is a April 19th news, and yet there's no announcement. An aborted deal?

if its true, how come bjcorp or bjland haven't made any announcement? Its unbelievable!

saw this on i3investor's bjcorp site, sure hope this is true....

for real?!?

http://english.vietnamnet.vn/fms/business/199098/business-in-brief-19-4.html

Vingroup acquires two mammoth projects from Berjaya

Leading multi-functional conglomerate Vingroup has recently acquired two projects from Malaysian Berjaya Corporation which have been delayed for a long time.

Vinhomes, Vietnam's leading real estate management company and the property management arm of Vingroup, has completed the purchase of 97.7 per cent stake in Berjaya Vietnam International University Township One Member LLC from Malaysia’s Berjaya Corporation.

This VND11.75 trillion ($515.6 million) deal aims to acquire the long-delayed Vietnam International University Township (VIUT) project.

After the VUIT acquisition, Vinhomes also finished its capital contribution of more than VND2 trillion ($89 million) to Vietnam Berjaya Financial Centre this March, acquiring 67.5 per cent from the investing company of this project.

Located in District 10 of Ho Chi Minh City, the $930-million Vietnam Financial Centre was proposed to have five 48-storey buildings with a total of 600,000sq.m of floor space. It has also been delayed for many years. The site is now used as a parking lot for nearby restaurants.

guess I'm right, hope there will be a privatization deal announced soon...


http://www.bursamalaysia.com/market/listed-companies/company-announcements/5775917

1 24 Apr 2018 3,664,800 Acquired Deemed Interest

2 25 Apr 2018 5,000,000 Acquired Deemed Interest