I guess it's the season for privatisation...after Hovid now IWCity just announced their privatisation exercise on 18 Dec....with 78.8% already in TVST's hand, soon it will be BJland's turn...

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CONDITIONAL VOLUNTARY GENERAL OFFER TO ACQUIRE ALL THE ORDINARY SHARES IN ISKANDAR WATERFRONT CITY BERHAD ("IWCITY") ("PROPOSED OFFER")
EKOVEST BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description CONDITIONAL VOLUNTARY GENERAL OFFER TO ACQUIRE ALL THE ORDINARY SHARES IN ISKANDAR WATERFRONT CITY BERHAD ("IWCITY") ("PROPOSED OFFER")
We refer to the announcements made on 31 October 2017, 28 November 2017 and 30 November 2017.

On behalf of the Board of Directors of Ekovest (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) and Astramina Advisory Sdn Bhd (“Astramina”) wish to announce that on even date, the Board (save for the Interested Directors as set out in the attached announcement) has, after having considered all aspects of the Proposed Offer, decided to present the Proposed Offer to the non-interested shareholders of Ekovest for consideration at an extraordinary general meeting of the Company to be convened.

In accordance with Paragraph 9.10(1) of the Rules on Take-overs, Mergers and Compulsory Acquisitions (“Rules”), Mercury Securities and Astramina had on even date, on behalf of the Company, served a notice of conditional voluntary general offer (“Notice”) on the board of directors of IWCity informing them of the Company’s intention to undertake a conditional voluntary general offer to acquire all the Offer Shares in IWCity comprising the following:-

(i) 837,388,857 ordinary shares in IWCity (“IWCity Shares”), representing the entire issued share capital of IWCity as at 11 December 2017; and

(ii) any new IWCity Shares that may be issued prior to the closing date of the Proposed Offer arising from the exercise of outstanding employee share options in IWCity (“IWCity ESOS Options”), (collectively referred to as the “Offer Shares”) for a consideration of RM1.50 per Offer Share (“Offer Price”), which shall be satisfied by way of:-
(i) a cash consideration of RM1.50 for every 1 Offer Share surrendered (“Cash Option”); or
(ii) a share exchange based on an exchange ratio of 1 new ordinary share in Ekovest (“Ekovest Share”) to be issued at an issue price of RM1.50 each (“Issue Price”) (“Consideration Share”) for every 1 Offer Share surrendered (“Share Exchange Option”).
Please refer to the attached announcement and Notice for further details on the Proposed Offer.
This announcement is dated 18 December 2017.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5641345

Some comments by @calvintaneng

"calvintaneng Good morning,

Consider these facts regarding BLand

1. China Great Mall was purchased at much lower price when land was cheap and renminbi was weak. So Bj Land already gained from both asset and currency appreciation

2. It is already a big relief when Skyoceon offered to buy over China Great Mall.

3. Already received half payment. The next half is delayed. But there is recourse as the claims are binding. More so because Hong Kong laws are transparent and good.

4. The impairment is only a small set back if you can SEE the bigger picture.

5. IF THERE IS EVENTUAL PAYMENT DEFAULT BJ LAND CAN SUE FOR WRIT OF SEIZURE AND DISPOSE THE LAND BY WAY OF AUCTION TO RECOVER ALL OUTSTANDING DUES.

6. SO ANY PRICE WEAKNESS DUE TO IGNORANT SELL DOWN JUST ADD MORE.
21/12/2017 08:26"

Agreed that TSVT & proxies is controlling the price and still in accumulation phase as it is suspicious that the outstanding payment balance sales proceeds from Beijing SkyOcean and the Guarantors." which is only due is on 28 November 2017 and should be reported in Qtr. 3 ending 31 January 2018 and not be reported in Quarter 2 for the period ended 31 October 2017 as a impairment provision in order to:

Change the BJLand's actual reported a profit of RM59.18 million for Qtr. 2 to a loss of RM95.91 million due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review (Qtr 2. ended 28 Nov. 2017) to account for the time value of money for the full recovery of the outstanding Final Instalment.

This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.", announced today.

Any comments from @stockraider and @calvintaneng on latest BJland results which will also affects BJCorp's coming Quarter 2 results which will to be announced soon due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors as any market reactions will also affects BJCorp which owns 78.8% of BJLand?

Quote "Please take note BJLand would have reported a profit of RM59.18 million for Qtr. 2 instead of a loss of RM95.91 million due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.

A7 There were no material events subsequent to the end of this current quarter that have not been reflected in the financial statements for this current financial quarter under review except for the non-payment of the balance sales proceeds amounting to RMB974.07 million (equivalent to RM620.33 million) ("Final Instalment"), to be received by Berjaya (China) Great Mall Co Ltd ("GMOC") from the disposal of GMOC Project as disclosed in Note B7(d).

GMOC, after having sought legal advice, will commence legal proceedings against Beijing SkyOcean and the Guarantors as it has strong grounds to recover the outstanding Final Instalment due to GMOC.

Based on the legal advice obtained, the Directors are confident that GMOC has strong grounds to fully recover the outstanding Final Instalment in due course.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5643933

Any additional comments from sifu @calvintaneng as any market reactions will also affects BJCorp which owns 78.8% of BJLand?

There will be contra players who may try to benefit from any reactions from those who don't read BJLand's detailed accounts on the provision (equivalent to RM155.08 million) attributable to BJland which will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.".

But since it is already a cornered stock with 78.8% owned by TSVT and BJCorp with not much daily sales volume and price fluctuation. The price direction will be guided by TSVT and his proxies to achieve their privatisation objective planned very much earlier?

Quote " Please take note BJLand would have reported a profit of RM59.18 million for Qtr. 2 instead of a loss of RM95.91 million due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors."

More details on the Guarantor Zheng Zhou:

Note: Both DreamEast Group Ltd formerly known as SkyOcean Holdings and Zheng Zhou are guarantors for the performance of the obligations by Beijing SkyOcean following the sale of the Great Mall by BJLand.

Mr. Zhou Zheng has been appointed as Executive Chairman of the Board, Chief Executive Officer of SkyOcean International Holdings Limited. (now renamed as DreamEast Group Ltd (0593.HK) from July 2017), with effect from 27 January 2014. He is the sole director and beneficial owner of 80% equity interest in SkyOcean Investment, the immediate holding company of the Company. He is also the sole director of two subsidiaries of the Company, including Skyleaf Holdings Limited and SkyOcean International United Limited. Mr. Zhou has over 10 years of working experience in the property development and commercial retail industries and over 7 years of experience in the financial investment industry. He is currently a shareholder and the chairman of SkyOcean Group Holdings Co., Ltd a company established in the PRC and principally engaged in cultural, property development, commercial retail and financial investments industries. Mr. Zhou is also a director of China Minerals Mining Corporation, the shares of which are listed on the Toronto Stock Exchange.
https://www.reuters.com/finance/stocks/company-officers/0593.HK

Zheng Zhou, director of the Company, intends to subscribe for 1,500,000 Units. Mr. Zhou is the sole shareholder of both Sky Ocean Venture Investment Limited ("SkyOcean") and China Mineral Holdings Limited ("CMH"). Prior to closing of the Offering, SkyOcean and CMH collectively hold 44.22% of the issued and outstanding common shares in the capital of the Company making Mr. Zhou the Company's Control Person. After giving effect to the Offering, Mr. Zhou will hold, directly and indirectly, 32.68% of the issued and outstanding common shares in the capital of the Company.
https://www.newsfilecorp.com/release/30859/China-Minerals-Announces-Private-Placement#.Wjpz9d-WaUl

More details on DreamEast Group Ltd (0593.HK) formerly known as SkyOcean International Holdings Limited.

Note: Both DreamEast Group Ltd formerly known as SkyOcean Holdings and Zhou are guarantors for the performance of the obligations by Beijing SkyOcean following the sale of the Great Mall by BJLand.

https://www.reuters.com/finance/stocks/0593.HK/key-developments

SkyOcean Holdings Group Ltd now renamed DreamEast Group Limited in July 2017 is a profitable Hong Kong listed company, as the guarantor should have no problem in paying the amount due in full including interests charges, just late payment to BJLand.

Since the payment due is on 28 November 2017 ...It will have no material effect on BJLand coming Quarter results for the period ended 31 October 2017, to be announced latest by 22 December 2017

SkyOcean Holdings Group Ltd now renamed DreamEast Group Limited for the six months ended 30 June 2017 reported revenue of HKD 1 1,042,617,000 (RM5,777,055,509). Profit before tax was HKD 230,605,000 (RM120,600,195). Profit for the period from continuing operations was HKD 166,706,000 (RM87,216,915). Profit for the period attributable to owners of the company from continuing operations was HKD 160,633,000 (RM84,039,654) or HKD 0.394 (RM0.21) diluted earnings per share.

Do note that:
Beijing SkyOcean is a unit of SkyOcean Holdings Group Ltd where Zhou Zheng is a major shareholder of SkyOcean Holdings. Both SkyOcean Holdings and Zhou are guarantors for the performance of the obligations by Beijing SkyOcean following the sale of the Great Mall.

DreamEast Group Limited engages in the cultural and entertainment businesses in Hong Kong, China, and the United States. It develops and operates tourist resorts. The company was formerly known as SkyOcean International Holdings Limited and changed its name to DreamEast Group Limited in July 2017. DreamEast Group Limited is headquartered in Causeway Bay, Hong Kong.

DreamEast Group Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended 30 June 2017
Announced Aug 31 17
DreamEast Group Limited announced unaudited consolidated earnings results for the six months ended 30 June 2017. For the six months, the company reported revenue of HKD 1 1,042,617,000 against HKD 9,895,000 a year ago. Profit before tax was HKD 230,605,000 against HKD 150,891,000 a year ago. Profit for the period from continuing operations was HKD 166,706,000 against HKD 90,153,000 a year ago. Profit for the period attributable to owners of the company from continuing operations was HKD 160,633,000 or HKD 0.394 diluted earnings per share against HKD 85,143,000 or HKD 0.250 diluted earnings per share a year ago.

DreamEast Group Limited Announces audited Consolidated Earnings Results for the Six Months Ended 30 June 2017
Announced Sep 29 17
DreamEast Group Limited announced audited consolidated earnings results for the six months ended 30 June 2017. For the six months, the company reported net cash from operating activities of HKD 191,696,000 against net cash used in operating activities of HKD 866,101,000 a year ago. Purchase of property, plant and equipment were HKD 1,122,000 against HKD 413,000 a year ago.

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=878717
http://iis.aastocks.com/20170613/002836250-0.PDF

Please take note BJLand would have reported a profit of RM59.18 million for Qtr. 2 instead of a loss of RM95.91 million due to provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision (equivalent to RM155.08 million) attributable to BJland will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.

A7 There were no material events subsequent to the end of this current quarter that have not been reflected in the financial statements for this current financial quarter under review except for the non-payment of the balance sales proceeds amounting to RMB974.07 million (equivalent to RM620.33 million) ("Final Instalment"), to be received by Berjaya (China) Great Mall Co Ltd ("GMOC") from the disposal of GMOC Project as disclosed in Note B7(d).

GMOC, after having sought legal advice, will commence legal proceedings against Beijing SkyOcean and the Guarantors as it has strong grounds to recover the outstanding Final Instalment due to GMOC.

Based on the legal advice obtained, the Directors are confident that GMOC has strong grounds to fully recover the outstanding Final Instalment in due course.

UNAUDITED INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 31 OCTOBER 2017
For the current quarter under review, the Group reported a revenue of RM1.61 billion and pre-tax loss of *RM95.91 million. Excluding the * provision for impairment of balance sales proceeds from the sale of GMOC Project amounting to RM155.08 million, the Group would have reported a pre-tax profit for the current quarter under review of RM59.18 million.

* In accordance to FRS 139 : Financial Instruments: Recognition and Measurement, GMOC has made a provision for impairment of RMB243.51 million (equivalent to RM155.08 million) in the current quarter under review to account for the time value of money for the full recovery of the outstanding Final Instalment. This provision will be reversed when GMOC eventually receives the payment of the balance sales proceeds from Beijing SkyOcean and the Guarantors.

(B1) The Group reported a pre-tax loss in the current quarter under review mainly due to:
(i) lower profit margins of H.R Owen Plc earned from certain new car sales;
(ii) the provision for impairment of balance sales proceed from the sale of GMOC Project (Note A3); and
(iii) the loss arising from partial disposal of interest in an associated company (Note A3).

A7 There were no material events subsequent to the end of this current quarter that have not been reflected in the financial statements for this current financial quarter under review except for the non-payment of the balance sales proceeds amounting to RMB974.07 million (equivalent to RM620.33 million) ("Final Instalment"), to be received by Berjaya (China) Great Mall Co Ltd ("GMOC") from the disposal of GMOC Project as disclosed in Note B7(d).

GMOC, after having sought legal advice, will commence legal proceedings against Beijing SkyOcean and the Guarantors as it has strong grounds to recover the outstanding Final Instalment due to GMOC.

Based on the legal advice obtained, the Directors are confident that GMOC has strong grounds to fully recover the outstanding Final Instalment in due course.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5643933

Yes, very suspicious indeed...especially when TSVT bought at 48 sens but sells for 39.5~40 sens...sailang now if you have spare money as already at historical low....the returns will be very substantial once the announcement is out!

Should be out anytime now...btw did you realise that somebody is trying to keep the price within 39.5~40 sens over 5 market days already...

ORDINARY SHARES DIRECT INTEREST

Name of Affected Person: Tan Sri Dato' Seri Vincent Tan Chee Yioun

Date of Transaction: 15.11.2017

Price per share: RM0.48

No. of shares acquired: 6,317,600

% of Ordinary shares: 0.127
Tan Sri Dato' Seri Vincent Tan Chee Yioun
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5605153

Thanks for your confirmation.

So...
Because of this gambling element in C4, Macquarie or its proxies will ensure the average price of BJCorp shares stay around 0.36 or lower depending on C4 price the day before Dec. 28, means chance of 5 days average price of BJCorp shares before Dec. 28 going higher than 0.36 is rather difficult right?

So for short term players, in order to have a fair chance of making money from BJCorp shares, market timing is everything...

Oic...so,
1) for people who buy C4 at price 0.02 and if BJCORP share price (5 days average before Dec 28) only reach 0.36 (0.02 + 0.35) i.e. 0.36 - 0.37 = - 0.01 will lose everything on 28 Dec. or,

2) for people who buy C4, if price 0.015 and if BJCORP share price (5 days average before Dec 28) only reach 0.355 (0.015 + 0.35) i.e. 0.355 - 0.365 = - 0.01 will also lose everything on 28 Dec. or,

3) for people who buy C4, if price 0.01 and if BJCORP share price (5 days average before Dec 28) only reach 0.350 (0.01 + 0.35) i.e. 0.35 - 0.36 = - 0.01 will also lose everything on 28 Dec. right?

Because of this gambling element in C4, Macquarie or its proxies will ensure the price of BJCorp shares stay low from 0.36 or lower depending on C4 price the day before Dec. 28, means chance of 5 days average price of BJCorp shares before Dec. 28 going higher than 0.36 is rather difficult right? correct me if I am wrong...

That was what I initially thought...but if you read the notes above...what does it means?

Quote" Underlying Equities : BJCORP Shares, which are quoted on Bursa Securities
Exercise Ratio : 1 Call Warrant : 1 BJCORP Share
Exercise Price : RM0.350

Exercise Style : European (i.e. may only be exercised on the Expiry Date, 28 December 2017) "
https://www.malaysiawarrants.com.my/pdf?type=termsheet&id=3395C4

BJCORP Call Warrants C4 - Can anybody explain how this C4 warrants works? Does it means, if the call Warrants is 0,5 sens on 28 December, you just pay 35 sens to convert to 1 BJCorp share?

Expiry Date : 28 December 2017
Automatic Exercise : The Call Warrants shall be automatically exercised at 5.00 p.m. on the
Expiry Date if the Cash Settlement Amount calculated in accordance
with the above formula after deducting all exercise expenses, is
greater than zero (without the Holders having to deliver a valid
exercise form and without notice of automatic exercise being given by
the Issuer to the Holders). If the Expiry Date is not a Market Day then
it shall be deemed to be exercised on the next following Market Day.
The Call Warrants will automatically terminate and cease to be valid
at 5.00 p.m. on the Expiry Date if the Cash Settlement Amount after
deducting all exercise expenses is zero or less than zero and the
Issuer’s obligations in respect of the Call Warrants shall terminate
absolutely. The Holders shall not be required to pay or top up the
exercise expenses in the event the Cash Settlement Amount is
negative after deducting exercise expenses.

Underlying Equities : BJCORP Shares, which are quoted on Bursa Securities
Exercise Ratio : 1 Call Warrant : 1 BJCORP Share
Exercise Price : RM0.350, being an amount equal to 102.94% of the
Reference Price. The Exercise Price shall be rounded to the
nearest three (3) decimal places. In the event of any dispute
regarding the calculation of the Exercise Price, our
determination shall be final and conclusive
Exercise Style : European (i.e. may only be exercised on the Expiry Date)
Issue Price : RM0.230, being an amount equal to (i) 67.65% of the
Reference Price, (ii) divided by 1 (being the Exercise Ratio),
rounded up to the nearest half sen. In the event of any dispute
regarding the calculation of the Issue Price, our determination
shall be final and conclusive
https://www.malaysiawarrants.com.my/pdf?type=termsheet&id=3395C4

Just passing by...when heroes die, they get reincarnated as burning phoenixs, when DBE dies, it shares get consolidated as Harumi Chicken...

32 sens also can edi. already waiting long time

Some pre-lunch interlude for you..."It's now or never"...I'm sure TSVT would have approved...
https://www.youtube.com/watch?v=mdUB-lvkIX8

We think TSVT is cooking up something?...Buy as much as you can...as BJ Land Intrinsic share value is RM0.92 per share...before the cheap supply dries up soon...as Santa Claus will be giving presents early this year before BJLand's next quarter result which is expected to be good by 22 December.

Sum of Parts For BJLand

Sum of Parts = Adjusted Assets - Adjusted Liabilities
= RM9.163 billion - RM4.564 billion
= RM4.599 billion.
Divided by 5 billion BJ Land shares, Intrinsic Value = RM0.92 per share.
https://klse.i3investor.com/blogs/icon8888/99941.jsp

TSVT only owns 45.71% of BJCorp, for similar off market deals e.g. sale of 7Eleven shares to others...TSVT needs a higher base price to monetise his investments in BJCorp for higher profits just like all of us...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5617101

Good news For BJLand...Developers can still build offices, malls with 'justification' — Johari

KUALA LUMPUR (Dec 5): Despite an announced freeze of approvals for shopping complexes, offices and condominiums priced above RM1 million, developers can still build offices and shopping malls, provided they justify their projects to the relevant minister, according to second finance minister Datuk Seri Johari Abdul Ghani.

http://www.theedgemarkets.com/article/developers-can-still-build-offices-malls-justification-%E2%80%94-johari

For those who are not aware that BJland is sitting on a goldmine....

Quote "Berjaya Tagar a subsidiary of BJland had entered into an agreement with STC for the acquisition of three parcels of leasehold land measuring a total of 245 acres in Sungai Besi for RM640 million, of which RM35 million will be paid in cash and the balance of RM605 million will be satisfied by a transfer to STC of 750 acres of land in Bukit Tagar with a newly built turf club."

The Selangor Turf Club (STC) is the major horse racing course in Klang Valley, Selangor, Malaysia. The STC main race course is located on 245 acres of prime land at Sungai Besi, 17 km from Kuala Lumpur city centre. STC is only 20 minutes drive from Simpang Airport, the location of Bandar Malaysia also in Sungai Besi.

https://en.wikipedia.org/wiki/Selangor_Turf_Club

Bandar Malaysia is an urban development project in the city of Kuala Lumpur, Malaysia. This project will be built at the current Simpang Airport site. There will be two MRT Sungai Buloh-Serdang-Putrajaya Line stations namely "Bandar Malaysia North" and "Bandar Malaysia South".

https://en.wikipedia.org/wiki/Bandar_Malaysia

Berjaya Land wins judicial review, to proceed with construction of new Selangor Turf Club

Recap "In 2004, Berjaya Tagar a subsidiary of BJland had entered into an agreement with STC for the acquisition of three parcels of leasehold land measuring a total of 245 acres in Sungai Besi for RM640 million, of which RM35 million will be paid in cash and the balance of RM605 million will be satisfied by a transfer to STC of 750 acres of land in Bukit Tagar with a newly built turf club.

http://www.theedgemarkets.com/article/berjaya-land-wins-judicial-review-proceed-construction-new-selangor-turf-club

Hope to get at 32 sens again?

Looking at past BJ privatisation exercise by TSVT..the fair value can range from 65 sens to a high of 90 sens...however it is important to to maintain the five-day volume weighted average market price of BJLand as high as possible prior to the serving of notice to get the highest possible offer price..

BJ Land : Plenty of Muscles, Now Got Brains! with the return of TSVT assisted by John Pridjian

Buy while somebody still want to sell cheap for this cornered stock.

Sum of Parts For BJLand

Sum of Parts = Adjusted Assets - Adjusted Liabilities
= RM9.163 billion - RM4.564 billion
= RM4.599 billion.
Divided by 5 billion BJ Land shares, Intrinsic Value = RM0.92 per share.
https://klse.i3investor.com/blogs/icon8888/99941.jsp

It looks like a another married deal...TSVT is transferring 954,810 shares from his Deemed Interest to his Direct Interest in MIDF Amanah Investment Nominees (Tempatan) Sdn. Bhd. trust account just like BJLand...definitely something is brewing...
https://klse.i3investor.com/insider/substantialShareholder/3395/16-Nov-2017/412929_3056501514.jsp

TSVT & BJCorp purchased most of BJLand shares in early 2017, when the price was around 70 sens to increase their shareholdings to 78.8% currently...At current BJLand share price, it makes sense to buy when price is still low...as making profits for 4 straight quarters already and the coming Qtr. 2 results will be very good with profits from China Mall & Vietnam Resort sales...

t's time to board the train...once BJCorp moves up...BJLand will follow as TSVT has stated his intentions to deal during the closed period before QTR. 2 result is announced in December?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5606825riod...

Looking at past BJ privatisation exercise under BJCorp..the fair value can range from 65 sens to a high of 90 sens...however it is important to to maintain the five-day volume weighted average market price of BJLand as high as possible prior to the serving of notice to get the highest possible offer price..

Since TSVT & BJCorp already own 78.835% of BJLand, could privatization be possible and history repeats?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5606825

Quote " Berjaya Retail up on privatisation offer - The five-day volume weighted average market price of B-Retail shares up to March 4, being the last trading day prior to the serving of the notice was 41.2 sen.At 41.2 sen, the offer for the shares at 65 sen each was a premium of 23.8 sen or 57.7%."
http://www.theedgemarkets.com/article/berjaya-retail-privatisation-offer

Looks like no news already? Happy Holidays..

Eventhough bjland is undervalued as pressed down by certain beneficiaries...I believe bjland is a better bet..why?
1. most bj subsidiaries like bjland, bjtoto has higher share value so bjland as a subsidiary (more focussed business) will appreciate more as making profits for 4 straight quarters already.
2. Looking at profitability trends, bjland qtr. 2 profits the highest for 2016 & 2015. The next Qtr. 2 2017 profit to be announced by 29 Dec. will be very good with profits for sales from China, Korea, Japan, Singapore business etc.
3. Berjaya Land Bhd (BLand) will resume the development and construction of the new turf club and equestrian centre in Sungai Tinggi, after the Shah Alam High Court ruled in its favour, following a judicial review.
http://www.thesundaily.my/node/501927

It looks like a married deal...TSVT is transferring from his Deemed Interest to his Direct Interest in MIDF Amanah Investment Nominees (Tempatan) Sdn. Bhd. trust account just like BJLand...definitely something is brewing...
https://klse.i3investor.com/insider/substantialShareholder/3395/16-Nov-2017/412929_3056501514.jsp

Yes...today is the best time to buy BJLand when still low...even TSVT is transferring 6.32 million shares from his deemed interest into his direct interest...just like BJCorp, there will be more purchases by TSVT...something is definitely cooking...buy low before everybody does...
https://klse.i3investor.com/insider/substantialShareholder/4219/16-Nov-2017/412945_1057268448.jsp

Just a word of caution...off market deals of more than 300 million at what price? Below 3 sens? Btw Bursa now only at 1,720 points and looks like going lower anytime...if move to property is a bad move...just look at Sanichi...a few rounds of share consolidation and rights issue and still going to Holland...

194 million new shares listed today...sales volume around 40 million ...assuming similar sales volume, should take 4.85 days to clear at RM0.05...say by Wednesday next week?

While waiting for Sumatec to ripen...Something is brewing at BJLand...& I like the aroma....

Appointment of John Pridjian as a Director of BJLand...same day as TSVT come back to BJCorp as Executive Chairman...
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

John Vaughn Pridjian J.D.
Currently, he is the Chief Financial Officer of Old Peak Group Limited, an independent investment firm focused on the Asia Pacific region for global institutional investors.
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

John Vaughn Pridjian J.D.
Chief Financial Officer, Penta Investment Advisers Ltd.
Age 52
Background
Mr. John Vaughn Pridjian is the Chief Financial Officer at Penta Investment Advisers Limited. He joined Penta in 2004. Mr. Pridjian is the Chief Executive Officer and Executive Director of Hong Kong Building and Loan Agency Limited since July, 2007. Prior to joining Penta, he was a Tax Principal for two years at Deloitte and Touche L.L.P., and was also a Member firm partner approximately for one year at the Arthur Andersen L.L.P. tax practice acquired by Deloitte. Prior thereto from 1993 to 2001, Mr. Pridjian was a Partner and practiced law at Sidley Austin L.L.P. in Los Angeles. His practice focused on advising private equity and multinational corporate clients and hedge funds on cross-border mergers, acquisitions and investment transactions. He is a Member of the State Bar of California and has written several law review articles. Mr. Pridjian is registered as a Certified Public Accountant in the State of Illinois. He received his J.D. and Bachelor of Science degrees from the University of Illinois. Mr. Pridjian received his degree of Master of Business Administration from the University of Chicago.

http://www.bloomberg.com/research/stocks/private/person.asp?personId=4...

The listing date for the new 70 million shares is tomorrow...since ACP still got 92 million share in hand...maybe will start throwing from now?

With 164,319,247 shares to sell...hopefully "Everybody can get at between 0.03 to 0.025 sens per share soon"

Actually it's a win win situation for Sumatec. The Additional Listing Private Placement - 194,221,000 shares at 0.046 equals to RM8,934,166 for Sumatec's working capital for business. The 8.69% is actually borrowing cost or a premium for the working capital funded by shareholders at no cost to the company. As long as crude price is still increasing, the future returns to the shareholders will be more than this. The investor can resell immediately or wait for the share price to increase before selling at a greater profit.

After BJcorp....I think VT has started buying BJland...so don't miss the party :)

BJcorp moves after VT starts buying BJcorp...VT postponed his intention to buy BJLand earlier ..once VT starts buying.... BJland will also flies...

Quote"
Berjaya Land Berhad ("BLand") has received a notification dated 25 August 2017 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 25 August 2017 is set out in the table below:

Direct Interest 62,232,800 1.247%
Indirect Interest 3,871,165,072 77.588%
Total 3,933,397,872 78.835% "

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

Money, Money, Money
Must be funny
In a rich man's world
Money, Money, Money
Always sunny
In a rich man's world

Oh yes, don't forget VT & BJcorp already owns more that 78% of
BJLand...so if BJCorp moves up...BjLand will follows...

How wonderful...Ah long just subscribed for another 46,948,356 DBE new DBE shares @rm0.21?
https://klse.i3investor.com/additionalListing/7179/03-Nov-2017/18786_1091186043.jsp

John Vaughn Pridjian J.D.
Currently, he is the Chief Financial Officer of Old Peak Group Limited, an independent investment firm focused on the Asia Pacific region for global institutional investors.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5590009

John Vaughn Pridjian J.D.
Chief Financial Officer, Penta Investment Advisers Ltd.
Age 52
Background
Mr. John Vaughn Pridjian is the Chief Financial Officer at Penta Investment Advisers Limited. He joined Penta in 2004. Mr. Pridjian is the Chief Executive Officer and Executive Director of Hong Kong Building and Loan Agency Limited since July, 2007. Prior to joining Penta, he was a Tax Principal for two years at Deloitte and Touche L.L.P., and was also a Member firm partner approximately for one year at the Arthur Andersen L.L.P. tax practice acquired by Deloitte. Prior thereto from 1993 to 2001, Mr. Pridjian was a Partner and practiced law at Sidley Austin L.L.P. in Los Angeles. His practice focused on advising private equity and multinational corporate clients and hedge funds on cross-border mergers, acquisitions and investment transactions. He is a Member of the State Bar of California and has written several law review articles. Mr. Pridjian is registered as a Certified Public Accountant in the State of Illinois. He received his J.D. and Bachelor of Science degrees from the University of Illinois. Mr. Pridjian received his degree of Master of Business Administration from the University of Chicago.

http://www.bloomberg.com/research/stocks/private/person.asp?personId=45328049&privcapId=35908877&previousCapId=7652833&previousTitle=HONG%20KONG%20BUILDING%20&%20LOAN

thxs DBE for 16.67% profit...cu next time :)

BJCorp already moving, don't you think BJLand will also move soon?

KUALA LUMPUR (Sept 25): Berjaya Land Bhd (BLand) posted its fourth straight quarter of profit in the first financial quarter ended July 31, 2017 (1QFY18), with a net profit of RM11.53 million compared with a net loss of RM27.24 million a year ago.

It recorded earnings per share of 0.23 sen in 1QFY18 compared with a loss per share of 0.55 sen in 1QFY17.

Quarterly revenue also rose 3.2% to RM1.6 billion from RM1.55 billion in 1QFY17.
http://www.theedgemarkets.com/article/berjaya-land-chalks-fourth-straight-quarterly-net-profit