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

sublime is bjasset's subsidiary

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5774181

1 23/04/2018 3,150,000 Acquired Deemed Interest

my guess is to table what's offered to VT to the rest of BJLand shareholders. Its easier to push through, but I could be wrong...

freetospeak, its announced yesterday, but I didn't catch the news (somehow missed it, probably posted too late) then. I have a habit of posting related and relevant news when I saw one, so...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5770009

1 19 Apr 2018 1,191,400 Acquired Deemed Interest

2 20 Apr 2018 508,600 Acquired Deemed Interest

Probably bjcorp buying again...

Hmm... I might be right?!?

eddysurge, BJCorp has bought VT's BJLand at a premium, preferred shares + warrants (2 warrants/preferred share) + cash (can't remember how much.) That's the reason I has been adding BJLand shares, in hope a similar deal will be offered to BJLand's other minority shareholders to take BJLand private, given that BJCorp already owns more than 72% of BJLand and together with VT owns more than 79% of BJLand...

If not for VT buying shares, price would have been below 0.30 by now?

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

1 17/04/2018 1,500,000 Acquired

2 18/04/2018 1,500,000 Acquired

Foreigners selling?!?

bought some at 0.25 and 0.255, phew, hope its just a technical correction...

very very old news lah!

err... probably we just need a supermax effect

good point...

VT back to screw shareholders? Err... hope not

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5753993

Pursuant to Paragraph 10.05 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Puncak wishes to announce that the Company’s wholly-owned sub-subsidiary, KGL Ltd. (“KGL” or the “Seller”) had on 10 April 2018 entered into a Memorandum of Agreement (“MOA”) with SOMAP International Pte Ltd (“SOMAP” or the “Buyer”) for the proposed disposal of KGL’s pipelay barge - DLB264 (“Vessel”) together with the open yard items by KGL to SOMAP for a total cash consideration of United States Dollars Three Million Three Hundred Nine Thousand Four Hundred Fifty Eight and Cents Fifty (USD3,309,458.50) only including 6% Goods & Services Tax (“GST”) (equivalent to Ringgit Malaysia Twelve Million Seven Hundred Eighty Two Thousand Seven Hundred Eighty Three and Sen Forty Six (RM12,782,783.46) only including 6% GST) (“Purchase Price”) (“Proposed Disposal”).

Pray hard hard... Ritz Carlton Residences recognized revenue and profit coming quarter... jeju court case awarding at least RM 4 billion compensation... Vietnam property project sold for at least 1 billion... all announced within 3 months.... wordless seeing more downtrend

VT buying also no use?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5747065

1 02/04/2018 2,000,000 Acquired Deemed Interest


Total no of securities after change

Direct (units) 1,113,850,808
Direct (%) 22.845
Indirect/deemed interest (units) 1,188,679,058
Indirect/deemed interest (%) 24.380
Date of notice 02/04/2018
Date notice received by Listed Issuer 04/04/2018

目前 BjCorp 持有 72.577% bjland, 但 VT 除了 bjcorp 之外，还通过其他途径，共持有 79.181% bjland.

Berjaya Group Berhad is a subsidiary of Berjaya Corporation Berhad... BJCorp, or Berjaya Corporation Berhad, is the listed entity, the mother of all Berjaya companies (or not so Berjaya companies for the past few years)

err... bjcorp buying another 5 million shares...

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

1 29 Mar 2018
3,000,000
Acquired Deemed Interest
Name of registered holder Berjaya Group Berhad

2 30 Mar 2018
2,000,000
Acquired Deemed Interest
Name of registered holder Berjaya Group Berhad

err... buying another 5 million shares...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5745545

1 29 Mar 2018
3,000,000
Acquired Deemed Interest
Name of registered holder Berjaya Group Berhad

2 30 Mar 2018
2,000,000
Acquired Deemed Interest
Name of registered holder Berjaya Group Berhad

Alas, there's no telling when and how much is the jeju compensation, was told it's going to be a long battle during last AGM

err... still not seeing the contribution from Ritz-Carlton Residences... wonder what's wrong?!?

92.5 million losses over 2.17 billion sales...


http://www.bursamalaysia.com/market/listed-companies/company-announcements/5742329

Phew, buying another 5 million shares of BJLand...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5741937

1 27 Mar 2018
2,000,000
Acquired Deemed Interest
Name of registered holder Berjaya Group Berhad

2 28 Mar 2018
3,000,000
Acquired Deemed Interest
Name of registered holder Berjaya Group Berhad

Phew, buying another 5 million shares of BJLand...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5741937

1 27 Mar 2018
2,000,000
Acquired Deemed Interest
Name of registered holder Berjaya Group Berhad

2 28 Mar 2018
3,000,000
Acquired Deemed Interest
Name of registered holder Berjaya Group Berhad

hippoyin that's why I'm saying hopefully I'm wrong... anyway, should know within an hour, lets see

think quarter report going to be ugly given closing share price.... hopefully I'm wrong, sigh!

BJCorp buying another 4 million shares of BJLand...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5738321

1 23 Mar 2018
1,000,000
Acquired Deemed Interest
Name of registered holder Berjaya Group Berhad
Description of "Others" Type of Transaction

2 26 Mar 2018
2,970,000
Acquired Deemed Interest
Name of registered holder Berjaya Group Berhad

BJCorp buying another 4 million shares of BJLand...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5738321

1 23 Mar 2018
1,000,000
Acquired Deemed Interest
Name of registered holder Berjaya Group Berhad
Description of "Others" Type of Transaction

2 26 Mar 2018
2,970,000
Acquired Deemed Interest
Name of registered holder Berjaya Group Berhad

hng33, thanks.