Sslee while writing to new BJGroup CEO & Lydia, remember to ask about status of RM650 million cash due from Beijing Sky0cean after HKIAC arbitration award for GMOC sale. The 70% Tuopai Shede shares owned by Beijing SkyOcean frozen by China People's court after the HKIAC award has been sold by China court auction to Fosun for RMB4.53 billion cash and money has been paid by Fosun on or before 15 Jan 2021 to China People's court for settlement to Beijing SkyOcean's creditors. BJLand as one of the main creditors protected by China courts should get the cash payment soon?
The RM650 million cash pile from GMOC sale & RM65 million profit from Berjaya Jeju compensation should be more than enough to implement your proposal below for shareholders..
"I will propose to the newly appointed CEO option of cash settlement, shares swap and part cash plus shares swap."

Tq. Sslee.
For faster direct response, write an open letter and cc Jalil's public & private Twitter a/cs @jalilword & @jalilrasheed

Right nothing to lose at current low price but everything to again. Btw BJCorp has subscribed about RM1 billion for 40% share in this New World Capital Advisors partnership with start up capital of more than RM2 Billion with London based NWG Merchant & Banking Investment Company.
https://www.klsescreener.com/v2/news/view/804397

Lena Tan Wai Foon, age 61 years: biodata/ credentials:
https://www.investegate.co.uk/wmg-asian-equity-fnd/rns/appointment-of-director/200906221154002738U/

Lena Tan Wai Foon biodata:
https://www.investegate.co.uk/wmg-asian-equity-fnd/rns/appointment-of-director/200906221154002738U/

Getting more exciting? Lena Tan was a successful Hedge Fund Banker in UK before joining BJGroup...should make a nice team with Group CEO Jalil...now the first target of the day's BJLand after privatization of Caring Pharmacy by 7Eleven?

KUALA LUMPUR: Berjaya Corp Bhd has entered into a partnership a London-based merchant banking and investment company to set up New World Capital Advisors Sdn Bhd (NWCA Malaysia).

The NWCA Malaysia team will be led Lena Tan, a veteran deal maker and investor with over 30 years of experience in the financial services industry in Asia, Europe and the US.

Lena Tan is also the chairman of BCorp's subsidiaries, 7-Eleven Malaysia Holdings Bhd and Singer Malaysia.


"I am excited to lead and build the NWCA business in Malaysia and I am thrilled to advise New World Group’s portfolio companies across conventional markets as well as the Islamic economy in Malaysia," Lena Tan said in a statement today.

Getting more exciting? Lena Tan was a successful Hedge Fund Banker in UK before joining BJGroup...should make a nice team with Group CEO Jalil...now the first target of the day's BJLand after privatization of Caring Pharmacy by 7Eleven?

KUALA LUMPUR: Berjaya Corp Bhd has entered into a partnership a London-based merchant banking and investment company to set up New World Capital Advisors Sdn Bhd (NWCA Malaysia).

The NWCA Malaysia team will be led Lena Tan, a veteran deal maker and investor with over 30 years of experience in the financial services industry in Asia, Europe and the US.

Lena Tan is also the chairman of BCorp's subsidiaries, 7-Eleven Malaysia Holdings Bhd and Singer Malaysia.


"I am excited to lead and build the NWCA business in Malaysia and I am thrilled to advise New World Group’s portfolio companies across conventional markets as well as the Islamic economy in Malaysia," Lena Tan said in a statement today.

So far so good..looking forward to bigger things to come and the much delayed corporate restructuring announce earlier by TSVT.

"BCorp announced that Jali will be involved in all strategic decision-making and planning of the future business direction of the group.

BCorp has several listed subsidiaries in its fold, namely Berjaya Sports Toto Bhd (BToto), Berjaya Land Bhd, Berjaya Food Bhd, Berjaya Assets Bhd and 7-Eleven Malaysia Holdings Bhd.

It also owns several non-listed businesses, such as telecommunications company (telco) U Mobile.

Share dividends remember?
https://www.klsescreener.com/v2/stocks/announcement/3395/2460585

https://www.theedgemarkets.com/article/special-report-jalil-look-what-ive-done-not-my-age

If you need rubber stamps just keep the Son as Group CEO...why create a new Deputy Exec Chaiman position and pay for a new professional Group CEO headhunted by Mahathir's govt for PNB earlier, to chart BJGroup's New directions. Don't think Jalil comes cheap?
m16454 earned 300k this morning. goodbye
Good for you...but weren't u the pessimistic one waiting at 10 sens to buy?

What the New Group CEO achieved at PNB.
https://www.theedgemarkets.com/article/special-report-pnb-seeks-opportunities-amid-trying-times#:~:text=Last%20week%2C%20PNB%20unveiled%20its,risk%20management%20and%20organisational%20transformation.&text=Because%20of%20this%2C%20PNB's%20view%20on%20capital%20management%20has%20changed

https://ir.fosun.com/static-files/91966076-54da-440b-9042-c821639fe21f

BJLand getting back RM650 million cash from GMOC court arbitration soon? The 70% shares owned by SkyOcean was frozen by China's courts after BJLand's HKIC arbitration award. SkyOcean 70% shares in Tuopai Shede has been sold through China People's Court for RM4.53 billion to Fosun & cash has been paid before 15 Jan?
https://m.marketscreener.com/quote/stock/FOSUN-INTERNATIONAL-LIMIT-6170582/news/Fosun-International-nbsp-Unit-to-Buy-70-Equity-Interest-in-Sichuan-Tuopai-Shede-Group-32113675/

https://yyoutdoors.com/holding-70-shares-of-shede-liquor-industrys-controlling-shareholder-to-solve-the-frozen-handover-of-the-two-courts/

https://yyoutdoors.com/holding-70-shares-of-shede-liquor-industrys-controlling-shareholder-to-solve-the-frozen-handover-of-the-two-courts/

https://ir.fosun.com/static-files/91966076-54da-440b-9042-c821639fe21f

BJLand getting back RM650 million cash from GMOC court arbitration soon? The 70% shares owned by SkyOcean was frozen by China's courts after BJLand's HKIC arbitration award. SkyOcean 70% shares in Tuopai Shede has been sold through China People's Court for RM4.53 billion to Fosun & cash has been paid before 15 Jan?
https://m.marketscreener.com/quote/stock/FOSUN-INTERNATIONAL-LIMIT-6170582/news/Fosun-International-nbsp-Unit-to-Buy-70-Equity-Interest-in-Sichuan-Tuopai-Shede-Group-32113675/

A glimpse of what the new Group CEO can do for Berjaya Group?
https://www.theedgemarkets.com/article/special-report-pnb-seeks-opportunities-amid-trying-times#:~:text=Last%20week%2C%20PNB%20unveiled%20its,risk%20management%20and%20organisational%20transformation.&text=Because%20of%20this%2C%20PNB's%20view%20on%20capital%20management%20has%20changed.

Like the New Group CEO's mandate..
BCorp said Jalil’s mandate will be to re-look at BCorp’s corporate structure, optimize financial and human resources, improve synergies and efficiency, enhance corporate governance and transparency, streamline the various Group businesses to create and enhance shareholder value and to transform BCorp into a high performing organisation.

Let see what the New CEO can brings value to BJGroup?
“I’m delighted to be joining BCorp as Group CEO, after several months of discussion with Tan Sri Vincent Tan," Jalil said.

"We both agree that the Group is very undervalued, and has many good assets that can be optimized and realized to enhance value for shareholders," he added.

Will it stop at Gamestop?
https://www.malaymail.com/news/opinion/2021/01/31/why-gamestop-matters-to-us-all/1945563

Correction...Caring has been 100% privatised by SEM, in which VT direct shares 25.75% hence efforts by BJ Group to acquire more SEM shares for possible privatisation as current price below IPO of RM1.38.

Target price RM1.52! TVST on right track..7-Eleven Malaysia Holdings Bhd’s total sales hit a record high of RM2.36 billion last year.
https://www.thestar.com.my/business/business-news/2020/05/29/maybank-ib-raises-earnings-forecast-for-7-eleven-malaysia

https://www.thesundaily.my/business/7-eleven-malaysia-2019-sales-hit-record-rm236b-DA2057858

Looks good!
7-Eleven Malaysia posts profit in second quarter despite Covid-19 pandemic
https://www.malaymail.com/news/money/2020/08/27/7-eleven-malaysia-posts-profit-in-second-quarter-despite-covid-19-pandemic/1897635

No worries let's enjoy the 8 sens equivalent dividend shares from BJCorp first, better than FD... looks like many buyers waiting at 17.5 sens?

Appreciate OceanSky efforts to unravel BJLand's balance sheet... Keep up the good work!

RM613 milion nett cash inflow from GMOC & Jeju Compensation to BJLand is alot of money. Don't forget the RM649 net gain from sale of FSKyoto..since 50:50 partnership, BJLand's portion should be 324.5 million!

Total nett cash inflow is RM937.5 million more than current market value of RM900 million. Just like buy one free one!

OceanSky Refer to BLand latest closures again.

1. For GMOC, total proceeds shall be of RM600 million (inclusive of interests);
Less it's liability of RM108 million; gross inflow to BLand (with partners) is RM492 million;
Less 49% minority interest; nett inflow to BLand is RM251 million.

2. For Jeju case, total proceeds is not disclosed, let assume is at RM600 million (around there);
Less it's liability of RM112 million; gross inflow to BLand (with partners) is RM488 million;
Less minority interest; nett inflow to BLand is RM362 million.

3. Therefore, in BLand book receivable, it shall be RM1,200 million;
Par down of liability is RM220 million;
Less minority interest, of RM367 million;
Nett inflow to BLand is RM613 million.

With above re-phasing, it shall be better clarity for all

The major shareholder of U Mobile includes Straits Mobile Investments Pte. Ltd (49%), followed by U Telemedia Sdn Bhd (21.46%), DYMM Sultan Ibrahim (15%),[16] Magnum Bhd (6.33%), Tan Sri Vincent Tan Chee Yioun (6.2%), and Berjaya Infrastructure Sdn Bhd (2.01%).

I believe Berjaya Infrastructure is a subsidiary of BJCorp and VT is chairman of both BJCorp & U Mobile so shoring up of public standing of Chairman before IPO very important for public acceptance no?

Guess VT wants to shore up his public standing by declaring a share dividend first in preparation for coming U Mobile IPO listing? More to come??

https://www.theedgemarkets.com/article/newsbreak-u-mobile-appoints-cimb-ipo-adviser-targets-rm10-bil-rm11-bil-valuation

Reduction in RM180.5M bank borrowings means less provision for loan expenses to increase future profit. Also balance of RM180 million cash goes a long way as working capital to earn more profit?

Since BJCorp already announced dividend in specie of 40 shares for every 1k shares held, will BJLand do the same with its Treasury Shares or better, declare its 40% shareholding in BJToto as dividend for BJLand shareholders?

Good enough for a start...for every 1000 shares held, you get 40 shares as dividend in specie. Equivalent to 0.08 sens per share at current market price?

https://www.theedgemarkets.com/article/btoto-incurs-rm43m-losses-4q-ops-halted-during-lockdown

BJToto just declared dividend in specie for its treasury shares. Will Berjaya do the same for BJCorp & BJLand?

Good you are here. Can you ask Lydia whether JDC Jeju has paid Berjaya the compensation
supposed to be received by mid August?

"Berjaya Corporation Berhad, a Malaysia-based corporation which controls a wide array of businesses, agreed to drop a five-year-old damage suit against the Jeju Free International City Development Center (JDC), a state organization which had launched a project to build the Yerae resort complex in Seogwipo in the southern part of Jeju Island.

Through a series of negotiations, Berjaya agreed to accept 125 billion won ($104 million) in compensation by the middle of August "

http://m.ajudaily.com/view/20200702101751754

You forgot to include another RM650M cash coming from successful GMOC Arbitration due from Beijing SkyOcean?

That's why its important to insist in your email to Lydia that she provides the details on how she arrived at the 59M net profit or is it RM160M actual gain? in order to clear all confusion once for all and not a standard two liner in her earlier reply..

I remember that there was partial payment by JDC of RM374.5M to BJLand's building contractors when Jeju Land Project was mutually terminated by BJLand & JDC in March 2016 (that's why no impairment provisions) with the remainder sum of RM646M of BJLand initial investment in the Jeju Island project to be recovered by court settlement.

Under court managed Settlement Agreement announced on 30 June 2020, all parties agree to resolve all disputes arising from the Jeju Project via payment by JDC comprising of:

RM443.88 + RM362.19 = RM806.07M, less the remainder sum RM646M for BJLand initial investment, JDC has paid extra (RM806.07 - RM646) RM160.07M over BJLand's initial investment?

stockraider you are right, BJLand will receive RM446 million cash compensation from JDC & Korean Government by mid August in time for next Qtr. report.

stockraider Rm 50m profit consider reasonable plus alot of cash coming to bland coffer loh....!!

"Berjaya Corporation Berhad, a Malaysia-based corporation which controls a wide array of businesses, agreed to drop a five-year-old damage suit against the Jeju Free International City Development Center (JDC), a state organization which had launched a project to build the Yerae resort complex in Seogwipo in the southern part of Jeju Island.

Through a series of negotiations, Berjaya agreed to accept 125 billion won ($104 million) in compensation by the middle of August in return for transferring all the business rights of the Yerae complex, which was part of various development projects pursued by the special government-controlled corporation to turn the semi-tropical volcanic island into a major tourist destination in Asia"

https://english.nna.jp/articles/17630

stockraider you are right, BJLand will receive RM446 million cash compensation from JDC & Korean Government by mid August in time for next Qtr. report.

stockraider Rm 50m profit consider reasonable plus alot of cash coming to bland coffer loh....!!

"Berjaya Corporation Berhad, a Malaysia-based corporation which controls a wide array of businesses, agreed to drop a five-year-old damage suit against the Jeju Free International City Development Center (JDC), a state organization which had launched a project to build the Yerae resort complex in Seogwipo in the southern part of Jeju Island.

Through a series of negotiations, Berjaya agreed to accept 125 billion won ($104 million) in compensation by the middle of August in return for transferring all the business rights of the Yerae complex, which was part of various development projects pursued by the special government-controlled corporation to turn the semi-tropical volcanic island into a major tourist destination in Asia"

https://english.nna.jp/articles/17630

Thxs... appreciate OceanSky efforts to unravel the balance sheets..much appreciated. Keep up the good work!

RM613 milion nett cash inflow from GMOC & Jeju Compensation to BJLand is alot of money. Don't forget the RM649 net gain from sale of FSKyoto..since 50:50 partnership, BJLand's portion should be 324.5 million!

Total nett cash inflow is RM937.5 million more than current market value of RM900 million. Just like buy one free one!

https://www.theedgemarkets.com/article/berjaya-corp-seeks-shareholder-ratification-sale-four-seasons-hotel-kyoto-realise-rm649m

OceanSky Refer to BLand latest closures again.

1. For GMOC, total proceeds shall be of RM600 million (inclusive of interests);
Less it's liability of RM108 million; gross inflow to BLand (with partners) is RM492 million;
Less 49% minority interest; nett inflow to BLand is RM251 million.

2. For Jeju case, total proceeds is not disclosed, let assume is at RM600 million (around there);
Less it's liability of RM112 million; gross inflow to BLand (with partners) is RM488 million;
Less minority interest; nett inflow to BLand is RM362 million.

3. Therefore, in BLand book receivable, it shall be RM1,200 million;
Par down of liability is RM220 million;
Less minority interest, of RM367 million;
Nett inflow to BLand is RM613 million.

With above re-phasing, it shall be better clarity for all.

Totally agree..

stockraider Please think this way mah...!!

The nta of bland is 80 sen whereas the share price is only 18 sen loh..!!

Its mkt cap is Rm 900m if u collect bank rm 362m with even no profit...does not that mean a big deal leh ?

It's just a waiting game between Majority with 89% & Minority with 11% as most of his previous collaborators has sold out very much earlier...for those who has waited this long for GMOC Arbitration & Jeju Korea Compensation successful outcome...the Water Dragon will make his move after he has acquired enough of BJCorp, the final beneficiary at cheap price...just beware of the many wolves in sheep's clothing breathing hot & cold?

A steady upward trend's a better way to absorb profit taking by day traders..

True..Already oversold by VT machais & collaborators before news is out..only way is up as not much liquidity in Market unless VT do more charity??

Button line is to grab all available cheap shares in the Market before VT's big move..since VT & Associates already holds at least 89%, remaining minority will not simply sell cheap since most bought at average price of 35 sens or higher..Btw since Dimensional fund, Penta & Goldman Sach & Macquarie already sold all their shares & no short selling until end of the year..there won't be anymore cheap shares left in the Market..

Special dividend & share swap coming soon? In order for BJCorp to access BJLand's more than 1 Billion cash hoard, Assets & to address Bursa's latest 20% public share spread requirement for BJLand by September?

Only way BJCorp (to makeup the shortfall in dividend from BJToto due to MCO) can get BJLand's more than 1 Billion cash hoard due to the Veil of Incorporation is to direct BJLand BOD to declare a special dividend for BJLand shareholders..since BJCorp has more than 76% BJLand shares & balance of about 13% held by VT companies..VT & Co. should be able to get at least RM890 milion from BJLand with balance going to minority..

Another RM433.88 million compensation from Jeju Korea Government for BJLand on top of the RM650 million from GMOC Arbitration...
https://www.theedgemarkets.com/article/bland-reaches-settlement-south-korea-jeju-airest-city-dispute

TQVM to SSLee for his efforts..really appreciate
the contribution to dig up the Mom..keep it up! Now we also know KahHoeNg is a real name..

True..but you missed the point & the fun..

True.. as money from FSKyoto Hotel divestment has been mainly utilised by BJCorp to repay debts & BJLand for investment in assets & build FSOkinawa project.

But with RM650 million collected from GMOC Arbitration & reversal of impairment provisions, BJLand will have cash to pay dividends to BJCorp & minority shareholders to makeup the shortfalls from BJToto due to MCO..

Anyway most Minority here are not for the dividend but more for the potential capital gain..as 1% dividend is only a bonus as 1,000 shares only gives RM10, 10,000 shares - RM100, 100,000 shares - RM1,000. Even 1 million shares only gives RM10k dividend per year

However for every Million shares held, a 1 sens price increase gives an immediate return of RM10k, 5 sens 50k & 10 sens 100k and so on...best of all as BJLand/BJCorp is already all time low, you can make capital gains a few rounds within a year as VT insiders are very active nowadays in the market..