bj Corp holding of Bj Land of 80.09% still hanging there, slightly above 80%, to be disposed to meet the public spread requirement.
Or, go for delisting.
This round, the MGO got to include VT's 7% Bj Land.

There is no change of Bj Land share holding by Bj Corp of 80.09%.
Only VT has ceased to be the major share holding on all the subsidiaries via Bj Corp as his share holding in Bj Corp was below 20%.
This means VT personnel link through Bj Corp to own shares under Bj Corp has broken.
Bj Land, Bj Food, Sport Toto were immediately announced that VT's holding via Bj Corp's subsidairies were ceased.

Dear buddy,
as usually Q4 will come with impairment losses at year end result, unless the Q4 result is so strong, expected Q4 will still register as loss making.

@simon2020, yes.

Juara Sejati shall not be related to Redtones.
They are finance house direct under Bj Group.
Pg 291, Ann Report of Bj Corp

Presently VT have revert the game play, he dispose off the 140mil shares to "friendly party" or "Proxy Player".
with one more round of 140mil shares disposal, Bj Land will back to liquitable position.
Then MEGA plans could be in place immediately afterward.
As what have been happened on Bj Land, at 2008, after price boosted, only declares plenty of MEGA projects at oversea.

@roundcateye,
The criteria of MGO of the market float is of, 90% acceptance from the market retailers.
For Bj Land scenario, Bj Corp have to recover at least 90% of the balance 15% shares from the retailers; which means if 1.5% of retailer not accepting the offer, the MGO will fail.
1.5% of Bj Land is equal to 75 million shares, if any sizable player set the barrier, the MGO will hang.
Believe VT's Think Tank have study and brief VT that the chance to get MGO pass may not be very high.
Therefore, MGO does not take place till now.

Latest at 17-06-2022, VT still holds 1.542% + 81.186% = 82.728% of Bj Land shares.
Need to dispose at least 2.8% to meet the public spread barrier.
I believe this move is in the pipeline, as the hanging public spread on Bj Land have held back the retailers interests on Bj Land.
It is not good for Bj Land, and effect on Bj Corp too.

Circumstances by reason of which change has occurred Deemed interested by virtue of his interest in Berjaya Corporation Berhad, the ultimate holding company of Teras Mewah Sdn Bhd
- Disposal of shares via direct business transaction
Nature of interest Deemed Interest
Direct (units) 75,892,400
Direct (%) 1.542
Indirect/deemed interest (units) 3,994,770,372
Indirect/deemed interest (%) 81.186
Total no of securities after change 4,070,662,772
Date of notice 15 Jun 2022
Date notice received by Listed Issuer 17 Jun 2022

Remarks :
Indirect Shareholdings No. of shares
------------------------------ --------------------
1) Berjaya Group Berhad 105,786,400
2) Teras Mewah Sdn Bhd 969,288,914
3) Juara Sejati Sdn Bhd 1,399,360,850
4) Bizurai Bijak (M) Sdn Bhd 606,686,220
5) Prime Credit Leasing Berhad 14,528,532
6) Inter-Pacific Capital Sdn Bhd 81,000,000
7) Inter-Pacific Securities Sdn Bhd 100,000,000
8) Rantau Embun Sdn Bhd 40,000,000
9) Berjaya Sompo Insurance Berhad 35,771,580
10) Redtone Digital Berhad 2,000,000
---------------------
3,354,422,496
=============

Circumstances by reason of which change has occurred Deemed interested by virtue of its 100% equity interest in Berjaya Group Berhad, the holding company of Teras Mewah Sdn Bhd
- Disposal of shares via direct business transaction
Nature of interest Deemed Interest
Direct (units) 374,500,000
Direct (%) 7.611
Indirect/deemed interest (units) 3,354,422,496
Indirect/deemed interest (%) 68.172
Total no of securities after change 3,728,922,496
Date of notice 15 Jun 2022
Date notice received by Listed Issuer 17 Jun 2022

@simon2020, we shall always follow the announcement from Bursa;
or refer to Bj Land Portal , -> Investor Relations -> Bursa announcement, -> 5. Changes in shareholding.
There always give the first hand information on share changes.
I believe the screenshot from Simply Wall St. may have error, or only pick up partial of holding of Bj Land shres.

@simon2020, It is not as you thought, BjLand holds 34.6%, plus Bj Corp holds 16.4% (via other subsidiaries), total is 51.0%. Not 16.4% + 51.0% = 67.4%.

BjLand hold 34.6% SIAMH, as an associate company; however plus BjCorp other subsidiary holding shares up to 51%, made SIAMH become subsidiary company of BjCorp. Therefore, announcement made at Bj Corp instead of Bj Land.

Tunku Aminah was appointed as Non Independent and Non Executive.
Is this means the new major shareholder was surfaced on Bj Corp ?

Name
TUNKU TUN AMINAH BINTI SULTAN IBRAHIM ISMAIL
Age
36
Gender
Female
Nationality
Malaysia
Qualification
1. Others - - [La Salle School of Arts in Singapore]

Working Experience
Tunku Aminah has considerable experience in heading private organisations across a broad range of industries. Currently, Her Highness is the Chairperson of REDtone Digital Berhad, Berjaya Assets Berhad and Berjaya Waterfront Sdn Bhd. Her Highness also serves as a Director on the board of several other private companies, including REDtone Networks Sdn Bhd, Jauhari Maksima Sdn Bhd, Ikatan Jauhari Sdn Bhd and Ibzi Holdings Sdn Bhd. Her Highness also holds the Kentucky Fried Chicken (KFC) franchise in Stulang Laut, Johor Bahru. Tunku Aminah is also the current president of the Johor Darul Tazim Football Club (also known as JDT), a football club based in Johor Bahru.
Directorship of Public Companies
1) Berjaya Assets Berhad 2) REDtone Digital Berhad 3) Berjaya Capital Berhad 4) Berjaya Hartanah Berhad 5) Bukit Kiara Resort Berhad

Is the 140 mil shares translate, and part of strategic partner purchase?
Will the partner further buy another 140 mil?
Then will appear to be major share holder, >5%.
Will the new partner enjoy the windfall of disposal of 40% STM?
Interesting story to follow.

Another 140 million to sell, beside for Bj Land. Once Sport Toto was sold, debts will be settled.
New show is when the said sales is on.

From Q&A,


Jalil reckoned there were buyers on group subsidiaries, means it could be bj land.

However, Jalil opine the price offered was not to group favour, should be higher.



Still in negotiation process.
The deal will not affect the listing status.

No privatization in progress too.
Which means, bj land must found major buyer to take-over those shares to meet public spread.

The biggest challenge is on the selling price.

From Q&A,


Jalil reckoned there were buyers on group subsidiaries, means it could be bj land.

However, Jalil opine the price offered was not to group favour, should be higher.



Still in negotiation process.
The deal will not affect the listing status.

No privatization in progress too.
Which means, bj land must found major buyer to take-over those shares to meet public spread.

The biggest challenge is on the selling price.