If VT is genuine, restructuring will be a big windfall for both BCorp and BLand minorities. If he's not, we all can be screwed up BIG time. Besides a billion worth of Btoto ownership (will be valued higher if it's sold to a third party cause it's a controlling stake,) BLand owns plenty of lands close to city centers beside buildings in golden triangle. Even chopping BLand into pieces and sold separately, BLand can easily worth more than 1.00 per share. Similarly, BCorp is worth significantly more than its current share price. Sad thing, though, VT is full of history conning minorities, resulting his extremely LOW credibility. Retail investors get jittery just because VT is selling actively (My goodness, he's trading more than I do despite the fact that he has so much work to do in restructuring his empire) and he seems to enjoy sending out mixed messages or he simply don't care.

I have not sold my BLand and even after selling my BCorp, I am buying BLand to replace in hope that the 0.38/03.0 exchange will be honored in BLand's restructuring. It's stressful watching seeing BCorp and BLand falling like there's no tomorrow, more than 50% for BLand and 40% for BCorp since their last peak.

If VT is genuine, restructuring will be a big windfall for both BCorp and BLand minorities. If he's not, we all can be screwed up BIG time. Besides a billion worth of Btoto ownership (will be valued higher if it's sold to a third party cause it's a controlling stake,) BLand owns plenty of lands close to city centers beside buildings in golden triangle. Even chopping BLand into pieces and sold separately, BLand can easily worth more than 1.00 per share. Similarly, BCorp is worth significantly more than its current share price. Sad thing, though, VT is full of history conning minorities, resulting his extremely LOW credibility. Retail investors get jittery just because VT is selling actively (My goodness, he's trading more than I do despite the fact that he has so much work to do in restructuring his empire) and he seems to enjoy sending out mixed messages or he simply don't care.

I have not sold my BLand and even after selling my BCorp, I am buying BLand to replace in hope that the 0.38/03.0 exchange will be honored in BLand's restructuring. It's stressful watching seeing BCorp and BLand falling like there's no tomorrow, more than 50% for BLand and 40% for BCorp since their last peak.

Just can say, hope for the best in end June.

What's worse, simply look at current situation. VT has so much confidence in the new CEO turning around BCorp that he and his family has to SELL BCorp shares from less than 0.50 to current less than 0.30. What's VT trying to convey to the market, he has no confidence in this Jalil that he would screw up his company that he better start unloading his ownership?

If he's genuine, he would wait it out, showing minorities who follow news to have confidence in his pick. Or, instead of throwing his shares into the market, he could find fund managers willing to take stake through off market transactions.

old time investor in BCorp can describe in further details, I'm not good at bad-mouthing others... Hmmm... I'm not good already can say so much, image these old time investors

Goldking9789 When he said he's venturing into Vietnam Toto, he said it's a blah blah deal, instead it's just a investment running Toto for Vietlott that takes a certain percentage of the revenue. When VT said dividend post Kyoto Four Season deal, there's none! When he said dividend going forward many years back, the promise is not KEPT. If that's not conning, what IS!

Goldking9789, VT is conning minorities openly, that's for sure. Even though he didn't persuade investors to buy, his co are listed on Bursa.

nobody can squeeze VT lah, why else BCorp is at such a ridiculous price for such a long time? VT had already shown you, his board will propose to buy his private co by issuing BCorp at less than 0.30 while valuing his private co at fair value! He'll never loose in his own playground, we minorities are.

if VT is selling while share price is rising, there could mean the demand is there, but now VT is selling despite falling price suggesting weak demand, yet there are some willing to add position... so difficult to understand...

Sad thing is I barely sold any hoping for the jalil plan

Based on VT nonstop selling, not very rosy picture

Too many new shares issued, per share earning not increase accordingly

the truth is, there's one and only VT knows the endgame. VT and related companies already owns almost 85% of BLand, leaving less than 800 million in the hands of non-VT. At 0,245, those shares are worth less than RM 200 million. Sad to say, minorities of BLand is at the mercy of VT...

the selling by VT is much more than the buying by Jalil, so best don't touch?

buy at 0.17 to sell at 0.20, you will feel the pain like the earlier high above 0.50, but to buy at 0.50 believing VT is genuinely hiring Jalil to improve image and make good with shareholders will puke to death seeing VT and kids still willing to sell when the price is less than 0.33...

clearly, you know an answer that you already know but I don't.

It's one thing VT asking his proxy to sell, if any. It's another thing VT is selling. VT claimed himself to sell anything as long as price is right. So, by selling BCorp at 0.32-0.34, he himself is agreeing that the price is right for BCorp right now! That's why I raised the question, "what's that telling you?"

VT selling before Jalil plan, what's that telling you?

Current share price seems to suggest just that, a willingness to give Jalil a try and a heavy disbelieve in VT, my personal opinion

I think the biggest concern is not if Jalil can perform but if VT simply interested at hiring Jalil to goreng share price only...

Hmm... Thanks for recalling my earlier post, forgot the whole issue after so many years

If I were not wrong, ICULS were issued to VT and buddy for BCorp to purchase BLand from VT and buddy lah...

Bcorp is not so bad a co lah, the assets under the co have good value. The problem with bcorp is VT only cares about him but not minority shareholders with all deals only to benefit nobody but him...

angpow? You give or VT give???

Not only VT owns more of BCorp and BLand, guess he trades more frequent than I do too... What exactly is Bursa/SC doing???


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3149626

1 16 Apr 2021
3,000,000
Acquired Deemed Interest
Name of registered holder MIDF Amanah Investment Nominees (Tempatan) Sdn Bhd
Description of "Others" Type of Transaction
2 16 Apr 2021
1,560,000
Acquired Direct Interest
Name of registered holder JF Apex Nominees (Tempatan) Sdn Bhd

Goldking9789, VT is trying to tell us otherwise...

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!