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?

sailang, well, I am not going to sell whenever my trust of the man in charge has dropped to zero. I will just trade and invest carefully, learning from past mistakes and avoid making the same again.

When VT showed up during last AGM, I gave him a 6 out of 10 trustworthiness level. After his conference call last Dec about his 'big plan' NOT confirmed by his board, his trustworthiness dropped to 4. After Penta deal without a similar offer to minorities, trustworthiness dropped to 2. With a okinawa four season project before Kyoto four season disposal, to me, he just can't be trusted, AT ALL...

I'm wondering if its Sslee's emails to Bursa and SC that have stopped the bullying on BJLand minority shareholders?

whether BJCorp can privatize BJLand with 0.38:0.30 exchange ratio is one thing. It's another thing if the offer is made ONLY to certain party but not others when the shareholding spread is so low!

SC can, if they want to, make MGO compulsory with a minimum 0.38:0.30 exchange ratio after reviewing the Penta deal. Unfortunately though, I have reservation over SC independence.

Guess that's how Malaysia equity market screw up minorities?

Sslee, thanks for your efforts. Despite my poor encounter with SC earlier, I still think it's the ONLY who's more willing to exercise what's right compared to other agencies. Genuine hope you would make a difference this time. Personally, I would fight along anyone seeking bjcorp, within a stipulated time frame (preferably 6 months), to make an offer that would include an option of exchanging bjland shares into bjcorp shares at 0.38:0.30 ratio as was offered to penta earlier.

Sslee, you should write to SC

Also means'a lot' queue to sell at .27

I have put in a lot of effort seeking minorities' rights on Puncak Niaga a few years back. It's a great experience with a lot of wasted time resulting in ZERO benefit for minorities. Any effort by any of you, genuinely hope that you would achieve something.

If Kyoto Four Season disposal is what VT claimed and announced, BJCorp and BJLand share price will see significant gain. VT had made too many garbage, there simply isn't any trust in him thus far... my personal view

If Kyoto Four Season disposal is what VT claimed and announced, BJCorp share price will see significant gain. VT had made too many garbage, there simply isn't any trust in him thus far... my personal view

VT is buying, probably that's why Bursa and SC keeping an eye closed? Frankly, I am not from the financial industry with 0 contact and can only guess through the announcements...

there is a possibility penta is the one selling in the market and VT is abetting this selling through BJCorp buying penta's stake in BJLand to below 5% while Bursa and SC failed (or silently agreeing to this sinful act) to defend retail investors interest. I have mentioned about this possibility earlier and suggested all not to buy further until there's a clarity through BJLand's announcement.

Of course, its only my guess. Meanwhile, there is no doubt at price below 0.22 or 0.215, BJLand is dirt cheap if whatever VT said is true, i.e., selling Kyoto Four Season and privatizing BJLand. Unfortunately, there is no clarity and VT is already classified under 0 trustworthiness (at least to me).

Unless you know when VT will announce the Kyoto four season deal or any other major deals that can boost share prices, it would be stupid to sell now. There's no catalyst to buy or sell more now, unless you are trading short term...

gangnum, sure hope BJLand and BJCorp share price can shoot up, cause I am invested in both. Though, with no news on Kyto Four Season, the 'an additional' asset in Vietnam awaiting disposal with no details provided, clueless China project disposal claim, its hard for share price to reflect. It can be days, weeks, months, or years. VT just broke the trust throwing shit Dec last year. I was still hopeful around Feb and just gotten more and more suspicious about his true agenda... I am still holding believing the disposals can be meaningful but genuinely doubt it will be completed 'soon'...

Just trying to provide a contrarian view given your price is right or shortinvestor's time is running short.

with VT 'announcing' Kyoto Four Season sale that went silent and ended up with Okinawa Four Season project, its difficult to believe there's any serious investor interested in this company anymore...

Actually, the condition is vaguely written if I were not wrong. An 'or' condition is the trading volume. If the trading volume is satisfactory when the spread is low, bursa may accept the listing status...

Sure hope you are right, just dare not add more shares myself seeing no news correction...

There's a possibility one fund want to sell. Penta, together with bjcorp, is facilitating that service. Why else not converting all, only enough not to appear as shareholders holding more than 5%? Converting all require bjcorp to make offer to the rest of bjland shareholders. Not converting, every time penta is selling requires announcement... again, my guess after seeing the correction... 事后诸葛亮

My guess, there's a possibility penta is selling...

I traced back to Jan 19. Percentage-wise, VT's ownership was 48% despite number of shares is 100 million less. With VT accumulating more lately, his ownership in percentage is roughly the same. Penta's conversion added some 200 million shares in the market.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6067545

Nature of interest Direct Interest
Direct (units) 1,125,499,929
Direct (%) 23.094
Indirect/deemed interest (units) 1,230,123,218
Indirect/deemed interest (%) 25.241
Total no of securities after change 2,355,623,147
Date of notice 19 Feb 2019
Date notice received by Listed Issuer 19 Feb 2019




Remarks :
Deemed Interest No. of Shares
------------------------------ --------------------------
Ascot Sports Sdn Bhd 154,500
Auto Tulin Sdn Bhd 1,604,271
B & B Enterprise Sdn Bhd 49,387,147
HQZ Credit Sdn Bhd 22,752,069
Lengkap Bahagia Sdn Bhd 1,372
Nautilus Corporation Sdn Bhd 139,874
Hotel Resort Enterprise Sdn Bhd 644,952,622
Nostalgia Kiara Sdn Bhd 14,495,189
Desiran Unggul Sdn Bhd 979,713
Berjaya Assets Berhad 1,502,152
Berjaya Bright Sdn Bhd 215,500,000
Berjaya Times Square Sdn Bhd 23,884,464
Premier Merchandise Sdn Bhd 100,218,845
Superior Structure Sdn Bhd 36,153,000
Gemtech (M) Sdn Bhd 39,850,000
Berjaya Media Berhad 1,030,000
Berjaya Infrastructure Sdn Bhd 18,025,000
Berjaya Sompo Insurance Berhad 20,703,000
Lim Kim Hai Sales & Services Sdn Bhd 3,090,000
MOL.Com Sdn Bhd 11,000,000
U Telemedia Sdn Bhd 24,700,000
----------------------
1,230,123,218

BJCorp: VT's holding

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6117941

Direct (units) 1,125,499,929
Direct (%) 21.791
Indirect/deemed interest (units) 1,333,543,664
Indirect/deemed interest (%) 25.819
Date of notice 04/04/2019
Date notice received by Listed Issuer 05/04/2019




Remarks :
A) Total deemed interest held pursuant to Section 8 of the Companies Act 2016:-

Deemed Interest No. of Shares
------------------------------ --------------------------
Ascot Sports Sdn Bhd 154,500
Auto Tulin Sdn Bhd 1,604,271
B & B Enterprise Sdn Bhd 49,387,147
HQZ Credit Sdn Bhd 22,752,069
Lengkap Bahagia Sdn Bhd 1,372
Nautilus Corporation Sdn Bhd 139,874
Hotel Resort Enterprise Sdn Bhd 644,952,622
Nostalgia Kiara Sdn Bhd 14,495,189
Desiran Unggul Sdn Bhd 979,713
Berjaya Assets Berhad 1,502,152
Berjaya Bright Sdn Bhd 228,000,000
Berjaya Times Square Sdn Bhd 106,200,000
Premier Merchandise Sdn Bhd 100,218,845
Superior Structure Sdn Bhd 36,153,000
Gemtech (M) Sdn Bhd 39,850,000
Berjaya Media Berhad 1,030,000
Berjaya Infrastructure Sdn Bhd 18,025,000
Berjaya Sompo Insurance Berhad 20,703,000
Lim Kim Hai Sales & Services Sdn Bhd 3,090,000
MOL.Com Sdn Bhd 11,000,000
U Telemedia Sdn Bhd 24,700,000
----------------------
1,324,938,754
B) Indirect interest held through children 8,604,910
------------------------
1,333,543,664

eddysurge, with bursa and sc nodding head, privatization can be months or years...

eddysurge, not sure what you are referring to. Earlier, before the purchase from Penta, BJCorp has disposed some BJLand shares. My guess, it is due to VT's total holding of BJLand exceeded 80% threshold. When BJCorp purchased from Penta, I thought an offer will be made right after then. Unfortunately, it is not, which is part of the reason why I'm so pissed off. It is not a matter of an offer price is able to satisfy the rest of minorities, its a matter of fairness.

1290---- said BJLand Nine-month net profit is 137 million. It is actually incorrect. BJLand doesn't own 100% of BJToto, thus, after taking out others' interest in BJToto, BJLand net profit for 9 months is only a miserable 1 million. The result is suggesting a poor other BJLand divisions mainly consisted of hotels, property development and investment.

0.40 dividend per year for 2 years straight. Hope this will be the minimum dividend going forward, hurray!

leek,

1. BURSA and SC could have required BJCorp making the offer to the rest of shareholders given spread in the first place. Allowing BJCorp to delay the process benefits those manipulating the share price, if any, but not the minorities.

2. There is no telling Penta is collecting BJLand shares in the open market. If yes, it would be a shame. If no, those buying for quick bucks awaiting BJCorp to make a mandatory offer will only suffer.

The latest event shows two things. 1. BURSA and SC have not acted fairly. 2. VT is still the old VT.

You are welcome

While BJCorp owns only about 77.7% of BJLand, VT actually owns about 84.6% of BJLand. If Penta ownership is included, VT already controls about 88% of BJLand. With less than 600 million shares that's actually floating, its difficult to believe Bursa and SC have acted in the best interests of minorities when approving the transaction without informing minorities VT's next move.

Penta ownership in BJLand

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6087373

Name & address of registered holder (1) PCM Industrial LP, Craigmuir Chambers, Road Town Tortola, BVI - Disposed 40,000,000
(2) Penta Master Fund Ltd, Craigmuir Chambers, Road Town Tortola, BVI - Disposed 130,000,000 shares
(3) Penta Asia Long/Short Fund Ltd, Craigmuir Chambers, Road Town Tortola, BVI - Disposed 60,000,000 shares


No of securities disposed 230,000,000
Circumstances by reason of which a person ceases to be a substantial shareholder Direct Business Transactions to UBS Securities Malaysia Sdn Bhd. Penta Investment Advisers Ltd is adviser to the fund.

Nature of interest Direct Interest


Date of notice 05 Mar 2019
Date notice received by Listed Issuer 05 Mar 2019




Remarks :
Direct Interest No. of Shares
------------------- ------------------
(1) PCM Industrial LP 165,734,696
(2) Penta Master Fund Ltd 1
(3) Penta Asia Long/Short Fund Ltd 451,292

-----------------
166,185,989
==========