Berjaya looks like is going to sell its assets one by one.

Ambitions in Vietnam

In February 2007, Vincent Tan's Berjaya became the first Malaysian corporation to receive a license to invest and develop real estate in Vietnam. The company's projects spread from the north to the south and carried enormous funding. So far, the company has invested in nine large-scale projects in Vietnam, with a registered capital of $9.98 billion.

The corporation now has controlling stakes in three big hotels: Intercontinental hotel in Hanoi (75 per cent ownership), Sheraton hotel in Hanoi (70 per cent), and Long Beach Resort in Phu Quoc Island (70 per cent).

Berjaya Corporation has a range of other big projects in Vietnam, such as Thach Ban New Urban Zone in Hanoi (also known as Hanoi Garden City, $320 million), Vietnam Financial Center in Ho Chi Minh City ($930 million), five-star hotel/residential/shopping centre complex Bien Hoa City Square ($100 million), and Nhon Trach New City Center ($2 billion). Most recently, the company announced plans to look into resort projects in central Da Nang province.

There is also Saigon Bank Berjaya Securities company (SBBS), a joint venture between Saigon Bank and Ky Hoa Ltd., with a registered capital of VND300 billion ($13.2 million). Berjaya also holds a 49 per cent stake in fund management comnpany Thep Viet Capital, an equivalent of VND24 billion ($1.1 million).

Berjaya also entered a joint venture with several Vietnamese companies, such as Berjaya-D2D Ltd., a JV between Berjaya Leisure (Cayman) Limited (75 per cent ownership), a subsidiary of Berjaya Land Berhad, and Industrial and Urban Development JSC No. 2 (D2D). Another joint venture is Berjaya-Handico12 Ltd, between Berjaya Leisure (Cayman) Limited (80 per cent ownership), a subsidiary of Berjaya Land Berhad, and Hanoi Housing Development and Investment JSC No. 12 (Handico12), where the subsidiary holds20 per cent.

Although entering Vietnam with confidence, Berjaya faces a few challenges, such as a sluggish real estate market, which caused delays in its multibillion-dollar projects Vietnam Financial Center and Vietnam International University Township (VIUT) in Ho Chi Minh City.

Despite owning mega projects, Berjaya does not have good business results. Apartments and villas in Hanoi Garden City did not sell well due to the project’s less-than-ideal location, whereas the $3.5-billion VIUT in Ho Chi Minh City risks having its investment certificate revoked due to delays.

Vietnam Financial Center is still on paper only and has not been started: it is mainly used as a parking lot for nearby restaurants. Meanwhile, Nhon Trach Urban Area had its license revoked by the southern province of Dong Nai one year after the project's announcement because the investor did not start building or applying for an extension of the license.

Berjaya won the bid over five other international companies to become the first foreign investor to tap into Vietnam’s lottery market. Accordingly, Berjaya and Vietnam Lottery One-member Limited Liability Company (Vietlott), the only company in Vietnam allowed to sell computerised lottery, were awarded a $210.58-million contract to exclusively invest in and operate a computerised lottery project in Vietnam for 18 years. The deal was estimated to be worth $210.6 million.

The Vietnamese lottery market is worth about $3 billion. Although a newcomer, Vietlott aims to conquer 30 per cent of the market within a few years, which will bring in billions of dollars in revenue.

Ambitions in Vietnam

In February 2007, Vincent Tan's Berjaya became the first Malaysian corporation to receive a license to invest and develop real estate in Vietnam. The company's projects spread from the north to the south and carried enormous funding. So far, the company has invested in nine large-scale projects in Vietnam, with a registered capital of $9.98 billion.

The corporation now has controlling stakes in three big hotels: Intercontinental hotel in Hanoi (75 per cent ownership), Sheraton hotel in Hanoi (70 per cent), and Long Beach Resort in Phu Quoc Island (70 per cent).

Berjaya Corporation has a range of other big projects in Vietnam, such as Thach Ban New Urban Zone in Hanoi (also known as Hanoi Garden City, $320 million), Vietnam Financial Center in Ho Chi Minh City ($930 million), five-star hotel/residential/shopping centre complex Bien Hoa City Square ($100 million), and Nhon Trach New City Center ($2 billion). Most recently, the company announced plans to look into resort projects in central Da Nang province.

There is also Saigon Bank Berjaya Securities company (SBBS), a joint venture between Saigon Bank and Ky Hoa Ltd., with a registered capital of VND300 billion ($13.2 million). Berjaya also holds a 49 per cent stake in fund management comnpany Thep Viet Capital, an equivalent of VND24 billion ($1.1 million).

Berjaya also entered a joint venture with several Vietnamese companies, such as Berjaya-D2D Ltd., a JV between Berjaya Leisure (Cayman) Limited (75 per cent ownership), a subsidiary of Berjaya Land Berhad, and Industrial and Urban Development JSC No. 2 (D2D). Another joint venture is Berjaya-Handico12 Ltd, between Berjaya Leisure (Cayman) Limited (80 per cent ownership), a subsidiary of Berjaya Land Berhad, and Hanoi Housing Development and Investment JSC No. 12 (Handico12), where the subsidiary holds20 per cent.

Although entering Vietnam with confidence, Berjaya faces a few challenges, such as a sluggish real estate market, which caused delays in its multibillion-dollar projects Vietnam Financial Center and Vietnam International University Township (VIUT) in Ho Chi Minh City.

Despite owning mega projects, Berjaya does not have good business results. Apartments and villas in Hanoi Garden City did not sell well due to the project’s less-than-ideal location, whereas the $3.5-billion VIUT in Ho Chi Minh City risks having its investment certificate revoked due to delays.

Vietnam Financial Center is still on paper only and has not been started: it is mainly used as a parking lot for nearby restaurants. Meanwhile, Nhon Trach Urban Area had its license revoked by the southern province of Dong Nai one year after the project's announcement because the investor did not start building or applying for an extension of the license.

Berjaya won the bid over five other international companies to become the first foreign investor to tap into Vietnam’s lottery market. Accordingly, Berjaya and Vietnam Lottery One-member Limited Liability Company (Vietlott), the only company in Vietnam allowed to sell computerised lottery, were awarded a $210.58-million contract to exclusively invest in and operate a computerised lottery project in Vietnam for 18 years. The deal was estimated to be worth $210.6 million.

The Vietnamese lottery market is worth about $3 billion. Although a newcomer, Vietlott aims to conquer 30 per cent of the market within a few years, which will bring in billions of dollars in revenue.

So many assets Berjaya is going to sell one by one. Think about that. That is already a fact for just first two deals can bring back brilion Ringgit. If doubt, sell all your shares now.

Buy BJLAND.

Berjaya is making a drama after our complaints to cover up their closure.

As I said, the whole world already knew the news for the first two deals. The deals already black and white done.

Barring any unforeseen circumstances, the proposed disposals of all these three Vietnamese subsidiaries upon completion are expected to record significant gain and improve the consolidated net assets of BLand,” it added.

Read carefully it will be significant gain and improve its NAV.

Buy BJLand is worth more than BJCorp.

Drama. The whole world already knew about the disposals. We have been waiting for huge cash to come back upon complaints we made to Bursa and minority watchgroup.

Wait for more announcements, piece by piece. In deed, the whole world already knew. Drama!

Ya, for sure all had been disposed already. Just wait for substantial cash to come back. Announcement has to made upon our complaints to Bursa and minory watchgroup.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5812313

not 10 cents div as promised?

Gov always says whatever they want to say, including lying to rakyat has 1 trillion debt. Check with certified chartered accountant lah lah!

Hold it tight but can load more if you can afford.

TSVY continue to upload shares today. We can guess his intention

PH supporters pls help this lge poor guy. He is asking your help. Don't run!

PH will fail as well.

LOL....I also know my brother is a male!

Tomorrow AGM, any of you going?

Don't worry. Be happy. We will sort it out step by step!

Just forwarded last email to Bursa for this minority watchgroup attention:

Dear Sir/Madam, mswatch@mswg.org.my
Greetings.

After 7 days reported to Bursa bout the wrongdoing of BJCorp and BJLand for not disclosure of big deals in Vietnam, we minority shareholders till have yet to received any reply from Bursa as per the email below. Hence we seek your help in this matter. Kindly assist us.
Thank you in advance. We look forward to hearing from you.

A Shareholder of BJCorp and BJLand
https://www.mswg.org.my/enquiry

Don't worry. Be happy. We will sort it out step by step!

Good idea. Just forward last email to Bursa for this minority watchgroup attention:

Dear Sir/Madam, mswatch@mswg.org.my
Greetings.

After 7 days reported to Bursa bout the wrongdoing of BJCorp and BJLand for not disclosure of big deals in Vietnam, we minority shareholders till have yet to received any reply from Bursa as per the email below. Hence we seek your help in this matter. Kindly assist us.
Thank you in advance. We look forward to hearing from you.

A Shareholder of BJCorp and BJLand
https://www.mswg.org.my/enquiry

Market will determine it tomorrow.

Not for this luxury project, HSR, which only benefit high income group (ASk them to take flights lah!). Infrastructure development can be for others that help low-to-medium income group such as LRT-MRT projects.

OKU.

cooling, you run as fast as you can. We will not. OK?

Weak result.

LGE sold lands and approved reclamation of lands to get the main income for Penang. This is everybody can do job. He is going to replicate the same to Malaysia lands, GLC assets/shares etc.. Nothing special. Worse case, the Nov 17 flood was the most serious case under his ruling of 10 years still unsolvable and had to cried for BN to help.

Have faith with your investment here.

Many of you are not shareholders here. As shareholders we know what we are doing. So please leave this counter and find other counters to talk your negative things.

yes

WELCOME BACK, TOMYAMGONG.

He is not a certified chartered accountant lah! He is a politician forgotten he is at ruling party, unable o separate the types of debts, sum them up together to scare the opposition party and hence affected the country.

EPF also no eye see!
http://klse.i3investor.com/insider/substantialShareholderNoticeOfCeasing/5095/24-May-2018/11793_2045946872.jsp

OMG. Tomorrow no eye see again.

Dividend less. Tomorrow no eye see.

Not yet out. Soon.

Friends, just hold it till end of the year. Money from China and Vietnam will come back eventually..

My pleasure. We work as a team here.

Satisfy, kahhoeng?

A complaint just lodged to Bursa.

Dear Sir/Madam,
Greetings. We are a group of very angry retail investors of BJCorp and BJLand
http://klse.i3investor.com/servlets/stk/3395.jsp

http://klse.i3investor.com/servlets/forum/800000666.jsp
(see the above forums)


We have found out with evidences that Our Companies had sold the two properties to Winhomes in Vietnam but have never announced it in Bursa. Instead, they cheated us that the news were not confirmed.
The news:
(https://www.vietmaz.com/2018/04/vinhomes-uses-1-3-billion-of-gic-inves...
https://asia.nikkei.com/Business/Business-Deals/Vietnam-s-Vingroup-sec...


Evidences
1. Bloomberg had confirmed on 13/4/18 the acquisition of Berjaya Vietnam International University Township Township One Member LLC by Vinhomes Real Estate Management LLC.

Berjaya Vietnam International University Township One Member LLC invests, develops, and manages real estate property. The company is based in Ho Chi Minh, Vietnam. As per the transaction announced recently, Berjaya Vietnam International University Township One Member LLC operates as a subsidiary of Vinhomes Real Estate Management LLC.
Merger/Acquisition
April 13, 2018
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcap...
Now Berjaya Vietnam International University Township One Member LLC is a subsidiary of Vinhomes Real Estate Management LLC.

2. Berjaya (2) projects in Vietnam have become subsidiaries of Vinhomes:
https://media.vinhomes.vn/storage/vinhomes-2018/quan-he-co-dong/bao-ca...

Evidences on Pages 52/53

3. https://media.vinhomes.vn/storage/vinhomes-2018/quan-he-co-dong/bao-ca...
Evidences on Pages 27/28


Take note that
Vinhomes have just public listed last week in Ho Chi Minh Stock Exchange, Vietnam. It has website:
https://ir.vinhomes.vn/en/financial-statements

As such, we would like Bursa to take very stern action against the Board of Directors that are not honest and intend to hide from us the amount of the money RM2.4 billion that supposed to be brought back to Malaysia and shared with us.

I look forward to hearing from you before a police report is made and a complaint lodged to our new Finance Minister. TQ.

A complaint just lodged to Bursa.

Dear Sir/Madam (SC),
Greetings. We are a group of very angry retail investors of BJCorp and BJLand
http://klse.i3investor.com/servlets/stk/3395.jsp

http://klse.i3investor.com/servlets/forum/800000666.jsp
(see the above forums)


We have found out with evidences that Our Companies had sold the two properties to Winhomes in Vietnam but have never announced it in Bursa. Instead, they cheated us that the news were not confirmed.
The news:
(https://www.vietmaz.com/2018/04/vinhomes-uses-1-3-billion-of-gic-inves...
https://asia.nikkei.com/Business/Business-Deals/Vietnam-s-Vingroup-sec...


Evidences
1. Bloomberg had confirmed on 13/4/18 the acquisition of Berjaya Vietnam International University Township Township One Member LLC by Vinhomes Real Estate Management LLC.

Berjaya Vietnam International University Township One Member LLC invests, develops, and manages real estate property. The company is based in Ho Chi Minh, Vietnam. As per the transaction announced recently, Berjaya Vietnam International University Township One Member LLC operates as a subsidiary of Vinhomes Real Estate Management LLC.
Merger/Acquisition
April 13, 2018
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcap...
Now Berjaya Vietnam International University Township One Member LLC is a subsidiary of Vinhomes Real Estate Management LLC.

2. Berjaya (2) projects in Vietnam have become subsidiaries of Vinhomes:
https://media.vinhomes.vn/storage/vinhomes-2018/quan-he-co-dong/bao-ca...

Evidences on Pages 52/53

3. https://media.vinhomes.vn/storage/vinhomes-2018/quan-he-co-dong/bao-ca...
Evidences on Pages 27/28


Take note that
Vinhomes have just public listed last week in Ho Chi Minh Stock Exchange, Vietnam. It has website:
https://ir.vinhomes.vn/en/financial-statements

As such, we would like Bursa to take very stern action against the Board of Directors that are not honest and intend to hide from us the amount of the money RM2.4 billion that supposed to be brought back to Malaysia and shared with us.

I look forward to hearing from you before a police report is made and a complaint lodged to our new Finance Minister. TQ.

It should be a group of angry retail investors, right, kahhoeng?

It should be a group of angry retail investors, right, kahhoeng?