Yup!...update on legal proceeding announced today on Settlement Ageement on Jeju Compensation with JDC on 23 June 2020 announce today. JDC to pay BJLand RM444 million as compensation incurred as JV partner of JDC and RM363.19 nett of relevant taxes & expenses as compensation for JVA Damages & Land SPA. Total compensation from Jeju Project RM807 million!

https://www.klsescreener.com/v2/announcements/view/3184783

Yup! There's a cycle...since everybody already knows of his modus operandi..

bbc99 Sometimes when u think it is gg, a couple weeks later, it will shoot up like rocket.. That's how they play

Yup!....Game just warming up? Otherwise why even father & son Robin also gives notice to buy?

Yup!...interesting, more machais than others.

Yup!...Not many sellers or buyers today. Easier to manipulate.

btw Public Shareholding for above instance means General Public Shareholding in the screenshots of BJLand Ownership mentioned above.

Yup!... The visual proof is in the pudding.. on changes in BJLand Public Shareholding from 21 March to 5 July 2020.

BJLand Public Shareholding of 3% taken on 21 March vs Public Shareholding of 10.8% taken on 5 July 2029

https://ibb.co/6b9TtHL
https://ibb.co/crjqbC0

BJLand Top 18 Shareholders with Macquarie Bank still holding 4.93% & Goldman Sachs 2.59% before sold down on 21 March 2020 vs Top 18 Shareholders without Macquarie Bank & Goldman Sachs taken on 5 July 2020

https://ibb.co/DK7sT0Q
https://ibb.co/DGNXYvr

Yup! You may be right...Public shareholding in March was only 3% in March. After selldown by Goldman Sachs & Macquarie Bank, public shareholding has increased to 10.8%. Somebody with deep pockets has been accumulating BJLand shares recently for what?

Yup! BJLand share price was 60sens or more when JDC Jeju project was suspended in 2015. Now everything is clear and at least RM465.5M compensation from JDC in August, RM600M from GMOC. A total of RM1.065b Billion coming back to BJLand the price will recover faster than BJCorp...

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.

Yup! Not many sellers & buyers today. Anyway good to see sharebuyback taken most shares soldown by Blackrock fund as zero holding already.

Yup! Pls. note that BJLand practices Accruval Accounting to recognize gains and losses in the period it occurred irregardless when actual cash is received. You don't simply change the accounting rules to suit your convenience..

Back in 2017, BJLand made impairment losses of RM600 million on non payment on sale of GMOC to Beijing SkyOcean against operating profit to convert it's Qtr report to a loss. At that time BJLand was trading at 38 sens against 17 sens now due to non payment..

Likewise, since awarded an Arbitration win by HKIAC against Beijing SkyOcean on payment of RM650 million including interest on 21 May 2020. The previous impairment loss provision of at least RM600 million in BJLand's accounts will be reversed in the coming Qtr. Report, irregardless of when money is actually received as the Arbitration win of at least RM650 million is secured against Beijing SkyOcean frozen assets valued 20x more than the Arbitration win by China People's Court. Any secured Arbitration award is assured by the power of China's Peoples Court to collect on sum of money owed to BJLand including interest!

Yup! Since BJLand is the majority, all money received from GMOC Arbitration will be recognized in BJLand account before any distribution.

Same principle goes, where all cash received through BJCorp in FS Kyoto hotel component sale even though BJLand is 50% owner...bottom line..there will be profit in coming Qtr.

Yup! BJLand utiliize Accruval Accounting to recognize gains and losses in the period it occurred irregardless when actual cash is received.

Since the GMOC Arbitration win was awarded by HKIAC on 21 May 2020. At least RM600 million will be recorded as gains in Qtr 4 offsetting any reduction in income from other investments to show profit in coming Qtr.

https://m.economictimes.com/definition/accrual-accounting/amp

https://www.klsescreener.com/v2/announcements/view/3164123

Yup! Looking good..left 3.51% share buyback to reach 10%, enough for dividend in specie or share swap with BJLand by next Qtr to meet Bursa 20% PSS requirement?

Yup! Why waste ur time for the Boss here? Just proceed as suggested by stockraider since BJCorp needs all the money coming back from sale of FS Kyoto Hotel component & still left FS Kyoto Residences component to be sold, RM650 million due to BJLand from sale of GMOC by Beijing SkyOcean Arbitration, compensation from Jeju Korea, Selangor Turf Club etc..

Yup! The online web based BCorp EGM is only for the ratification of the disposal of the hotel component of the Four Seasons Hotel and Hotel Residences Kyoto, Japan on 1 July.

A Conventional AGM can still be held after July once allowed..

Yup! If BJCorp & related parties already controls about 90% of BJLand, privatisation is a matter of time..that's why VT machais are actively encouraging you to exit in order to increase their % holding or discourage minority from buying more as expensive to press down share price indefinitely given limited liquidity in the market...

Yup! Anybody can voice opinions but don't have to be personal. if stupid who are u? A minion or related party to VT?

Anyway a good strategy by VT Gang to discourage minority from buying
by proposing an unfavourable Singer deal which may not even happens like most VT proposals for BJMedia etc..
while quietly collecting & sharebuyback by company from foreign investors such as BlackRock which sold down BJcoprp from 60 million shares in April to less than 9 million shares by June.

Once the cheap shares gone, u think others will sell cheap too? once VT announce the good news? Don't have to listen to others including me, but think over it rationally...

Yup! Just follow the wind...when dips buy!
company share buyback..sell!
learn from VT gang.. easy pocket money from
ah kong's company
no need dividend mah...Huat, ah! :D

Yup! Just follow the wind...when dips buy...share buyback...sell...it takes two to tango...simple action... :)

Yup! Pulau Tioman Redevelopment is good enough...guess who's that private firm identified by Pahang MB...very sure Pahang Royalty will be involved like Johore earlier? Btw like ur cameraman role in Redang?

https://www.nst.com.my/news/nation/2019/11/535771/tioman-airport-project-gets-go-ahead

Yup! News coverage on Berjaya is very good nowadays...more to come???

Yup! The redevelopment of the Resort & building of new Tioman airport with approval already obtained from Govt. can make it into another potential Langkawi benefitting Berjaya Group ...

Read the official announcement from BJCorp..

"Berjaya Tioman Resort's management today said that the over 50-year-old resort will cease operations from June 15, hit by the Covid-19 outbreak and to make way for a redevelopment on site.

"It is with a heavy heart to announce that Berjaya Tioman Resort will cease operations with effect from June 15, 2020, due to the unprecedented Covid-19 pandemic which has adversely impacted the tourism industry.

"Throughout this closure, the management will embark on a much-needed major redevelopment to revitalise the resort, which is more than 50 years old," it said in a statement.

The resort management also said that a retrenchment exercise will be carried out to cut cost.

"Upon completion of the redevelopment exercise, the management will consider offering new employment opportunities to all our affected employees,"

https://www.thesundaily.my/local/tioman-airport-project-awaits-final-approval-by-state-govt-berjaya-founder-YX1451331

Yup! Govt approval for building of new airport is a major catalyst for major redevelopment of Berjaya Tioman Resort with present emphasis by Govt to revitalize economy through local tourism now that people can't travel overseas...

Yup! Sell more pls! Many are waiting to collect cheap from operators....

https://www.thestar.com.my/business/business-news/2020/05/27/berjaya-land-china-subsidiary-wins-rm595m-suit

Yup! See who has the last laugh? :)

"BLand is pleased to announce that GMOC has on 21 May 2020 obtained a favourable arbitration award from the HKIAC (“Final Award”), details of which are as follows:-

(i) Beijing SkyOcean shall pay to GMOC the outstanding balance amount of RMB974.07 million;

(ii) Beijing SkyOcean shall pay liquidated damages on the outstanding balance amount calculated at the People’s Bank of China’s lending rate of 4.75% per annum from the payment due date of 28 November 2017 until the date full payment is made;

(iii) The Guarantors shall be jointly and severally liable for the amounts payable by Beijing SkyOcean under the Final Award; and

(iv) The Respondents shall jointly pay legal costs of about RMB15.9 million (or about RM9.72 million) and arbitration costs of about HKD3.96 million (or about RM2.23 million) within 30 days after issuance of the Final Award, failing which late payment interest at 8% per annum shall be charged from the due date until the date of actual payment.

GMOC will proceed to seek recognition and enforcement of the Final Award in all relevant jurisdictions after 20 June 2020, upon the expiry of the 30 days’ voluntary settlement period stated in the Final Award."

https://www.klsescreener.com/v2/announcements/view/3164123

Yup! Better book your tickets now!

Berjaya Land posts RM144.18m net profit in third quarter
SUNBIZ /09 JUN 2020

https://www.thesundaily.my/business/berjaya-land-posts-rm14418m-net-profit-in-third-quarter-HE2547797

Yup! If you look at latest report dated 9 March 2020 below:
https://pasteboard.co/JcpHboY.png

VT owns direct shares of 24.7% in BJCorp, if includes indirect shares from VT controlled companies, he may have more than 50%. If Singer sale is successful, he may increase his direct shares to more than 35% and if including indirect shares from other VT companies after the sale, he may control more than 62%?

Yup! Analysis of the top 18 shareholders which are VT controlled companies & collaborators already collected 89.18% of BJLand shares. Balance are owned by minority, hence the focus and efforts by VT Machais to get them to sell?

https://pasteboard.co/JcpwmV2.png

Yup! Very true...BJLand already making profit of RM144.18 million, once RM650 million received from Beijing SkyOcean...all impairments on sale of GMOC earlier will be written back as gains in the next few Qtrs to show more profit...Also compensation from Jeju Korea is a matter of time this year. Reason why VT wants to increase his direct shares from 24% to 34% or more in BJCorp by selling Singer is to benefit more when he takes BJLand private...golden goose...sendiri mahu..

Yup! price is kept low for privatisation purposes so just play along & collect together with operators.

Share price increase anytime now is better than a miserable 1 sens dividend normally declared if any, during financial year end coming in the next Qtr. when payment of RM650 million is received from Beijing SkyOcean...

Yup! Looking good for current Qtr!

Profit for period RM176.9 million. Profit attributable to share holders RM144.18 million. Earnings per share 2.89 sens.
Next Qtr. will be also profitable after receiving RM650 million from Beijing SkyOcean as all impairment from sale of GMOC will be written back as gains!

Revenue for Qtr. 3 - RM1,520,849,000
Profit/(loss) before taxn - RM232,680,000
Profit/(loss) for the period - RM176,918,000
Profit/(loss) attributable to ordinary equity holders of the parent - RM144,180,000
Basic earnings/(loss) per share (Subunit)
2.89 sens per share

Yup! Don't forget even BJCorp controls 78% of BJLand, BJCorp can't use BJLand's 50% share of sales proceeds of RM2.06 billion from FSKyoto unless it takes over 100% share in BJLand through prrivatisation due to the Veil of Incorporation under Company Law.

The only way BJCorp can get BJLand's share of the profits from FSKyoto is by way of a Special Dividend from BJLand...Further BJLand is getting RM650 million from Beijing SkyOcean which BJCorp is not party. So who benefits more?

Yup!
"Remark: bjjcorp rectify that selling price four season from earlier RM 1.87 billion to now at RM 2.06 billion, a increase of RM 190m"

Sounds good! Means share of sales proceed of FSKyoto is now RM1.03 billion to BJCorp & another RM1.03 Billion to BJLand plus another RM650 million from Beijing SkyOcean to BJLand...

Since got windfall, someone should write to Board to declare a special dividend before AGM? A win win for all....

Yup! Red Herring!!!
"Berjaya Media identified a white knight in the form of Singer (Malaysia) Sdn Bhd, a private vehicle of Berjaya tycoon Tan Sri Vincent Tan Chee Yioun.

But Singer was then embroiled in its own issues with companies commission Suruhanjaya Syarikat Malaysia (SSM) on its audited financial statements, a technical issue which is expected to be resolved by March 31. This would then allow Berjaya Media and Singer to enter a definitive agreement."

https://focusmalaysia.my/mainstream/berjaya-media-gets-extension-on-regularisation-plan/

Yup! Actually all is not loss. If you study the announcement by BJCorp on proposed Singer Acquisition dated 2 June 2020, it's only a Memorandum of Understanding (MOU) which is legally not binding... They have another 2 months to negotiate a Transaction Agreement with option to extend another month to sign this Agreement. Meaning only September to finalize Agreement? Also with conditions subject to due diligence, shareholders approval in EGM, SC approval for issue of new shares etc..etc...all to be finalized withing 6 months...so in actual fact if the proposed deal realky goes through will only happen in December 2020? So don't have to cry FAMA yet...

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3055489

Yup! Don't cry over spilt milk...now we know a benchmark has been set for the next obvious privatisation project according to VT's restructuring plan outlined earlier once the RM650 million is received by BJLand...

"The acquisition will involve the issuance of new BCorp shares at an issue price of RM0.33
each, representing a premium of RM0.14 or about 74% over last Friday’s closing price of
RM0.19 per BCorp share. BCorp will issue about 1,175.76 million BCorp shares for the
net payment of RM388 million."

Yup! Don't cry over spilt milk...now we know a benchmark has been set for the next obvious privatisation project according to VT's restructuring plan outlined earlier once the RM650 million is received by BJLand...

"The acquisition will involve the issuance of new BCorp shares at an issue price of RM0.33
each, representing a premium of RM0.14 or about 74% over last Friday’s closing price of
RM0.19 per BCorp share. BCorp will issue about 1,175.76 million BCorp shares for the
net payment of RM388 million."

Yup! A simple announcement to buy Singer doesn't need 2 days suspension. There's more to meet the eyes....since 6% shares buyback is not enough to pay for Singer, BJCorp may swap its BJLand shares with VT to pay the balance? Later once the RM650 Million is received from Beijing SkyOcean & compensation from Jeju Kyoto. VT carry out Berjaya Group Restructuring Plan killing 3 birds with one stone? :)

Yup! A simple announcement to buy Singer doesn't need 2 days suspension. There's more to meet the eyes....since 6% shares buyback is not enough to pay for Singer, BJCorp may swap its BJLand shares with VT to pay the balance? Later once the RM650 Million is received from Beijing SkyOcean & compensation from Jeju Kyoto. VT carry out Berjaya Group Restructuring Plan killing 3 birds with one stone?

Yup! How to limit up? when share suspension is up to 5 pm tomorrow? Also very suspicious why story of Singer sale to BJCorp news released by insiders so fast! even before full details of Restructuring Plan is out??

Yup! Plan is still on-going for Restructuring
... otherwise why need 2 days suspension? since news of purchase so quickly released to the press?..so instead of getting BJCorp to buy 7-Eleven substitute with Singer instead? Question is how BJCorp to find the cash to bale out VT & BJMedia?

Anyway Singer is block & mortar biz loosing out to online biz like shoppee & Lazada who's bad for BJCorp if the deal materealized...anyway only half the story reported otherwise why keep suspended until 5pm tomorrow?

Yup! Plan is still on-going for Restructuring
... otherwise why need 2 days suspension? since news of purchase so quickly released to the press?..so instead of getting BJCorp to buy 7-Eleven substitute with Singer instead? Question is how BJCorp to find the cash to bale out VT & BJMedia?

Yup! Recap of VT Restructure Plan checklist:

1. Sale of FS Kyoto for RM1.87 Billion.
The plan will start with asset sale at his flagship Berjaya Corp Bhd (BCorp). According to Tan, the group is in the midst of sealing a deal to sell its Four Seasons Hotel and Hotel Residences Kyoto for about US$700 million (RM2.93 billion) to US$800 million, which will translate into a divestment gain of US$400 million

2. Buyout 7-Eleven?
After the sale of the hotel in Kyoto, BCorp will have an expanded war chest to buy out 7-Eleven Malaysia Holdings, whose share price has slipped to a 15-month low of RM1.27.

To do that, Tan will sell his majority 46% stake in 7-Eleven Malaysia Holdings to BCorp, which will then launch a takeover offer to buy out the convenience store chain operator. Based on yesterday’s closing of RM1.27, 7-Eleven Malaysia Holdings’ market capitalisation stood at RM1.56 billion. Tan’s stake is valued at RM756.8 million.

3. BJLand to Privatize after winning RM650 million from GMOC Arbitration & share of 50% sale of FSKyoto for RM1.87 Billion?

Meanwhile, BCorp may carve out the hotel assets from BLand, in which it controls a 70.32% stake, and float the assets in Singapore. BLand, which is trading at a sharp 77.8% discount to its net asset per share of 81 sen, will be taken private.

4. Resolve BJMedia listing status?
Furthermore, Tan intends to inject his private business into Berjaya Media Bhd (BMedia) given that the company’s media business has not fared well. Tan holds a 38.92% stake in BMedia, while BCorp holds an 18.06% stake.

https://www.theedgemarkets.com/article/vincent-tan-restructure-his-business-empire

Yup! Can be also a shares swap as BJCorp needs the cash coming to BJLand from GMOC Arbitration & Jeju Compensation. Hence it's important to maintain a higher price for BJLand to BJCorp conversion to get a better deal from VT...

Yup! Its Now or Never! finally...as a Water Dragon only moves once confirm compensation of RM650 million valued at 13 sens per share coming to BJLand mah!

Yup! Why worry? VT collaborator Dimensional Fund only left less than 19 million shares left to sell?

Maybe reverse takeover ? BJCorp to be delisted due to poor market performance and another Berjaya company to takeover in Restructuring process??

Big compensation finally coming to Berjaya from Jeju Korea or Selangor Turf Club??

Berjaya restructring plan finally happening??

https://themalaysianreserve.com/2018/12/21/berjayas-proposed-restructuring-to-give-clearer-business-valuation/

Last chance! Shares swap Penta style coming???