Don't worry too much. Since u waited 3 years why suddenly so impatient? Fact is earlier VT has no liquidity but now things maybe be different since VT raised so much cash personally thru sale of stake in LAFC & at corporate level with cash sale of FSKyoto during bad times when cash is King! means something is cooking...just sit back and enjoy the ride :)

Actually the sales of FSKyoto already completed & cash of RM1.87B received as announced by Maybank FM last week. The sales details and profit is available at link below:

https://www.nst.com.my/property/2020/02/570044/bcorp-selling-four-seasons-kyoto-rm187-billion

Yup! Paying a special dividend & dividend in specie from the profits of FSKyoto cash sale is the way forward. After all with 56% control in BJCorp & 85% control in BJLand means VT gets the lion's share of the cash profit during bad times, when cash is King!

Yup! Coming from Mgt. It's a reassurance that a special dividend and dividend in specie will be announced soon with profit from FSKyoto sale. Credit to VT's foresight to monetize the assets at a time when RM1.87 Billion cash is King!

Corrections...BJCorp is the developer of FSOkinawa with bank borrowings (the one which will be most affected in a credit crunch) while the 100 acres land for project is owned by BJLand bought with own funds in 2009 (so already sunk cost)...the project only projected to start in June and probably will be deferred by BJCorp until a later date after Covid19 is over..

https://www.nst.com.my/business/2019/01/451599/berjaya-corp-embarks-us400-mil-development-four-seasons-hotel-okinawa

https://www.nst.com.my/property/2019/12/548740/berjaya-land-aims-launch-luxury-properties-okinawa

Just sharing...

The substantial financial losses Cardiff City and Swansea City could potentially suffer if matches are played behind closed doors due to Covid19-19

https://www.walesonline.co.uk/sport/football/football-news/substantial-financial-losses-cardiff-city-17910355

Thxs Lydia...

VT should be mote worried about his personal investment in Cardiff?

Coronavirus: Arsenal manager Mikel Arteta tests positive for COVID-19 - team are self-isolating
The entire first-team Arsenal squad has been told to self-isolate following Arteta's diagnosis.

Coronavirus: First community transmission detected in Wales
https://www.bbc.com/news/uk-wales-51836057

Thxs for ur contributions ...our window to Boss's next steps.

1. Cash from sales of RM1.87 Billion sale of FSKyoto already completed.
2. Compensation from JDC for BerjayaJeju project in final phase.
3. GMOC arbitration of RM600 million also coming soon?
4. Selangor Turf Club compensation coming soon? as Selangor is now opposition state and will new infrastructure projects/investments to spur the economy from Selangor land development by Berjaya Group...

Btw Berjaya Jeju Airest City project is not a hospital. The US$2.4 billion (RM7.2 billion) project is the largest integrated resort development in the history of Jeju Island.
https://www.klik.com.my/item/story/5595023/berjaya-jeju-airest-city-is-best-future-mega-project-in-asia

Thxs for posting on behalf of Mgt. First time BJGroup are very transparent & gives detailed breakdown of the profit made from FSKyoto sales of RM1.87 Billion :)

https://www.thestar.com.my/business/business-news/2020/02/28/berjaya-corp-sells-kyoto-hotel-for-rm187b

So the cash from FSKyoto sales has been received...no wonder the spike-up at closing :)

Thxs for notice...after Winter comes Spring in May...just as "Aseng VT" planned...

https://youtu.be/dvr2n9q8t3I

For those too old 2 remember or too young 2 know...

https://eaglevisioninvest.com/some-hightlights-from-the-story-of-bj-corp/

Depends on how much charity ur Boss VT wants to do? Parity between BJCorp/BJLand will be nice though..

No wonder VT is selling his personal assets in LAFC as needs to pay RM100 million transfer fees to Nantes for Emilio Sala imposed by FIFA? But why is VT buying agressively in BJCorp instead?

"Financial uncertainly surrounds his Cardiff ownership following the relegation of the club from the Premier League last season and the unresolved financial transaction around the £17 million acquisition of Emiliano Sala who tragically died in an air crash before he could play for the club."

http://www.insideworldfootball.com/2020/03/03/cardiff-owner-tan-sells-lafc-stake-valuing-mls-club-700m/
https://www.bbc.co.uk/sport/football/49904028

Yup! VT just sold half his stake in LAFC for RM292M cash! With plenty of bullets, VT will buy more BjCorp going forward and kill 2 birds with one stone to increase his stake at current depressed price and monetizing his investments thru dividends to be declared once the cash comes in from FSKoto sales by mid-March...

http://www.insideworldfootball.com/2020/03/03/cardiff-owner-tan-sells-lafc-stake-valuing-mls-club-700m/

Yup! if useless stock why so much attention here????

When cash position improves dividends will naturally comes ...
"The proposed disposal will also unlock capital resources that are tied up in long term assets, thus improving the cash position of the BCorp group and providing the BCorp group with financial flexibility for its operations and future investments as and when they arise."

https://www.thestar.com.my/business/business-news/2020/02/28/berjaya-corp-sells-kyoto-hotel-for-rm187b

“The proposed disposal will also unlock capital resources that are tied up in long term assets, thus improving the cash position of the BCorp group and providing the BCorp group with financial flexibility for its operations and future investments as and when they arise."

https://www.thestar.com.my/business/business-news/2020/02/28/berjaya-corp-sells-kyoto-hotel-for-rm187b

Yup! Completion date for FSKyoto sales is targetted for mid-March...

https://www.theedgemarkets.com/article/berjaya-corp-sells-four-seasons-hotel-kyoto-rm187b-cash-realise-rm600m-gain

Yup! Here's more pointers for u...

https://m.wikihow.com/Use-Reverse-Psychology

Yup! Enter the Dragon!

http://astrologyk.com/zodiac/chinese/year/1952

Happy 68th Birthday! Time waits for no man...not even a Water Dragon...better to strike when the iron is hot!

http://astrologyk.com/zodiac/chinese/year/1952

Just wondering why the great efforts by VT Macais to discourage people to buy? mmmm...shares swap/privatisation soon to access all the money & assets under BJLand control?

Not only half his shares in Los Angeles FC for RM280M. Buyers also prepared to buy the rest of his shares for another cool RM280M to strengthen his war chest!

https://www.thesun.co.uk/sport/football/11090576/cardiff-vincent-tan-los-angeles-lafc-sell-half-stake/

Yup! dividends & share swap just like Penta deal is the way to go...

Long term loans are meant for long term, normally for assets acquisition. A shrewed Bizman like VT would utilize the cash proceeds from FSKyoto sales in the form of dividends to finance cash flow for short term operations during bad times like now...Since BJCorp owns 85% of BJLand it will get the lion's share of cash sales proceeds from FSKyoto hence VT's promise to pay dividends...

Don't forget RM600M coming from GMOC Arbitration. Out be4 May....

"B. GMOC case, The arbitral tribunal is currently in deliberations and a decision is expected during the second quarter of 2020. Means result shall be out before June-2020.
Once the case close, there is inflow of RM600 mil ++"

No wonders "Aseng VT" says everything will be finalized by 1st of May...lol

The only way BJCorp can exert 100% control of FSKyoto sale to benefit from the RM600 million profit is to privatize BJLand.that's why the Macais don't want you to buy at current pressed down price...by the way its now or never! as Dow Jones just up 1294 points due to Trump...

BjLand regards Berjaya Kyoto Development (S) Pte Ltd ("BKDS"), as its associated company.
Then BKDS own 100% of KHHA, Japn

https://www.cnn.com/2020/03/02/investing/dow-stock-market-today/index.html

Also Bersatu is the Coalition Leader for the latest Govt. Since VT is a major sponsor for the party, Berjaya will benefit either way though new projects & concessions like Ascot license which PH refused to give? Now flushed with cash from FSKyoto sales, VT can do wonders for TSMY & Bersatu?

When VT gives the greenlight, the best is yet to come...
https://ibb.co/WkcDF9V

More details from the Star today...

Berjaya Corp sells Kyoto hotel for RM1.87b
CORPORATE NEWS
Friday, 28 Feb 20204:40 PM MYT

“I am happy to dispose this hotel which is only about 3½ years old for a huge gain," said BCorp executive chairman Tan Sri Vincent Tan.

KUALA LUMPUR: BERJAYA CORPORATION BHD (Bcorp) is selling the hotel component of Four Seasons Hotel and Hotel Residences Kyoto, Japan to Godo Kaisha Tigre for 49bil yen (RM1.87bil).

It said on Friday the disposal of the hotel by its subsidiary, Kyoto Higashiyama Hospitality Assets Tokutei Mokuteki Kaisha (KHHA) was targeted to close in mid-March this year.

Another Bcorp subsidiary Berjaya Kyoto Development Kabushiki Kaisha (BKD) will lease back the hotel from Tigre for 17 years to maintain the present arrangements and operations of the hotel.

The five-storey hotel is a five-star rated with two basement floors and 123 guest rooms. It started operations in 2016 and it is managed under the Four Seasons brand by Four Seasons.

BCorp said the sale consideration represents a premium of 5.20bil yen (RM198.76mil) or about 11.87% over the market value of the hotel of 43.80bil yen.

It is also a premium of 25.55bil yen (RM976.62mil) or about 108.96% over the audited net bok value of the hotel as at June 30 of 23.45bil yen.

“The total cost comprising the cost of the land, construction and development costs of the hotel since May 11,2012 up to completion of the construction of the hotel on June 30,2016 is 26.11bil yen (RM998.03mil), ” it said.

BCorp said besides the hotel, the BCorp Group also developed 57 units of residences and also operated under the brand name of Four Seasons Hotel & Hotel Residences in Kyoto, Japan. These residences are not part of the disposal.

The disposal provides an opportunity for the BCorp Group to monetise its investments in the hotel at a very attractive price with estimated gain exceeding RM600mil.

“I am happy to dispose this hotel which is only about 3½ years old for a huge gain. Together with the 23 units of the Four Seasons Kyoto residences which were already sold and the estimated profit from the potential sale of the remaining 34 units of the residences, the BCorp Group is expecting to realise a total net gain of about RM1.55bil with gross cash inflows surpassing RM3.22bil for our entire Four Seasons Hotel and Residences project in Kyoto” said BCorp executive chairman Tan Sri Vincent Tan.

BCorp said the proposed disposal enable the group to monetise the investments in the hotel at an attractive price.

“Based on the sale sonsideration of 49bil yen, the BCorp Group expects to realise an estimated gain on disposal of 16.03bil yen (RM612.73mi).

“As part of the proceeds from the proposed disposal will be used towards the repayment of bank borrowings, this will give rise to interest savings and in turn, will improve the BCorp group’s financial position.

“The proposed disposal will also unlock capital resources that are tied up in long term assets, thus improving the cash position of the BCorp group and providing the BCorp group with financial flexibility for its operations and future investments as and when they arise.

“The proposed leaseback will ensure that there will be no interruption to the existing operations of the hotel which is managed by BKD, ” it said.

TAGS / KEYWORDS:
Berjaya Corp , Vincent Tan , Four Seasons Hotel And Hotel Residences Kyoto"

No need to speculate, the details of FSKyoto hotel component transaction from VT..."PRESS RELEASE
28 February 2020
BERJAYA CORP SELLS FOUR SEASONS HOTEL KYOTO FOR A HEFTY
GAIN
Kyoto, Japan – Berjaya Corporation Berhad (“BCorp”) today announced that its subsidiary,
Kyoto Higashiyama Hospitality Assets Tokutei Mokuteki Kaisha (“KHHA”) has entered into a
Real Property Trust Beneficial Interest Purchase and Sale Agreement for the proposed
disposal of the trust beneficial interest on the hotel component of the Four Seasons Hotel &
Hotel Residences Kyoto, Japan (“Hotel”) to Godo Kaisha Tigre (“Tigre”), a Japanese
company, for a cash consideration of JPY49.00 billion (about RM1.87 billion) (“Disposal”).
The Disposal is targeted to close in mid-March 2020.
Subsequently, Berjaya Kyoto Development Kabushiki Kaisha (“BKD”), another subsidiary of
BCorp, will leaseback the Hotel from Tigre for 17 years to maintain the present arrangements
and operations of the Hotel.
Both KHHA and BKD are 100%-owned subsidiaries of Berjaya Kyoto Development (S) Pte
Ltd, which in turn is held by BCorp and its listed subsidiary namely Berjaya Land Berhad with
each holding 50% equity interest.
The Hotel commenced operations in 2016 under renowned Four Seasons brand. The 5-star
Hotel is 5-storey cum 2 basement floors with 123 hotel rooms and is located within close
proximity of tourist attractions such as the Kyoto National Museum, Kiyomizu-dera Temple,
Sanjusangendo Temple, Chishakuin Temple and Myohoin Temple.
Besides the Hotel, the BCorp Group also developed 57 units of residences and also operated
under the brandname of Four Seasons Hotel & Hotel Residences in Kyoto, Japan. These
residences are not part of the Disposal.
2
The Disposal provides an opportunity for the BCorp Group to monetise its investments in the
Hotel at a very attractive price with estimated gain exceeding RM600 million.
“I am happy to dispose this Hotel which is only about 3½ years old for a huge gain. Together
with the 23 units of the Four Seasons Kyoto residences which were already sold and the
estimated profit from the potential sale of the remaining 34 units of the residences, the BCorp
Group is expecting to realise a total net gain of about RM1.55 billion with gross cash inflows
surpassing RM3.22 billion for our entire Four Seasons Hotel and Residences project in Kyoto.”
said Tan Sri Dato’ Seri Vincent Tan, the Executive Chairman of BCorp.
- END -"

VT only sold the Hotel Component of FSKyoto for RM1.87 Billion? means Berjaya Group still get the FSKyoto Residences part for free?

No wonder VT braved Covid19 in Tokyo yesterday to finalize the sale & leaseback of FSKyoto...

Probably...Btw VT's currently at FSKyoto negotiating another sale? & next stop's Seoul?

Thxs for ur hardwork to unravel all the current accounting tricks and mega projects of benefit to all. Muchas Gracias & keep up the good work!

OceanSky Dear all,

Let us analyse the corporate proposals (B7) and litigation (B9) of BjLand:

A. STC case, it has new hearing date of the Main Appeal on 27 March 2020, it made STC case will go on for some-times.

B. GMOC case, The arbitral tribunal is currently in deliberations and a decision is expected during the second quarter of 2020. Means result shall be out before June-2020.
Once the case close, there is inflow of RM600 mil ++

C. BVFC and BVIUT case. The disposal nego started 4 June 2018. Value RM155 mil + others.
Once the deal closed, there is inflow of RM155 mil ++

B9. JDC Lawsuit, Jeju.
The court has fixed 9 January 2020 for delivery of the judgment.
On 9 January 2020, the delivery of the court's judgement was postponed to 6 February 2020.
On 6 February 2020, the court further postponed the delivery of its judgement to an unspecified date.
This means both parties still unable to come to an agreement.
Once the deal closed, there is inlfow of RM600 mil to RM1,000 mil. (As VT seek for )

On top of the above, the additional could be:

1. Disposal of Seraton Hotel at Hanoi, It could bring in inflow of RM500 mil ++.

2. Disposal of Four-Seasons Hotel at Kyoto. It could bring in inflow of RM1,600 mil (To BjLand

Well said...VT wants ur shares hence the accounting trick...u don't normally makes impairment, depreciation & provision for taxation in Qtrly results. Anyway as mentioned by Sun Daily, BJLand's cumulative six months results reported a pre-tax profit and revenue of RM92.71 million and RM3.11 billion, respectively.

https://www.thesundaily.my/business/berjaya-land-posts-rm1119-million-pre-tax-profit-in-second-quarter-HI2028449

https://www.thesundaily.my/business/berjaya-land-posts-rm1119-million-pre-tax-profit-in-second-quarter-HI2028449

If ur nobody, we ar just busybody..no harm to share interesting obsersations from time just like u?

Eddysurge Dear wantanmi, I saw your comments at bjcorp regarding topglove boss, are you trying to mislead bjcorp shareholders. Remembered last time, Johor Sultan is major stakeholder of Bjasset, then now what's?

For a nobody u talked a lot..anyway the right forum to raise about Vietlot & its effect on BJcorp market price is BJCorp and not here..btw ar u "Aseng"? Lol

https://customsnews.vn/cooperation-with-berjaya-does-not-affect-the-ownership-of-vietlott-1817.html

That's interesting, did Topglove's Lim get a tip from best friend VT on something brewing at BJCorp? Just like Tropicana last time?

https://www.theedgemarkets.com/article/top-gloves-lim-buys-1024-tropicana

U should be a phsychologist rather than macai. Btw how come ur chinaman slang is not consistent? The English seems to improve already?

Just wondering why VT still trying to prevent BJMedia from delisting by Bursa?

"Reference is made to the Company’s announcement dated 25 July 2018.

The Board of Directors (“Board”) of BMedia wishes to announce that both BMedia and AmInvestment Bank Berhad ("AmInvestment Bank") have mutually agreed that AmInvestment Bank’s engagement for its regularisation plan ceased on 12 February 2020.

The Board of BMedia had on the same date appointed RHB Investment Bank Berhad as Principal Adviser to advise BMedia on its regularisation plan.

This Announcement is dated 13 February 2020."

Just wondering why macais so active this few days...something"s brewing? Let's see when "Aseng" VT finally shows hand? Many knows but keeping quiet?

https://www.hl.co.uk/news/articles/one-mans-trash-is-another-mans-treasure

Why not? With almost 85% control, BJCorp is the ultimate beneficiary once compensation from Jeju Korea is finalized for Berjaya? Looks like "Aseng" VT is right?

Thxs for update from Mgt. Jiayou Berjaya!

Very interesting.. Korea Court postponed 6 days from 6 Feb. to 12 Feb. the deadline for Berjaya's claim for damages & begin preparation reconciliation procedure since both sides (Berjaya & JDC) willing to make adjustments?

Looks finally there's a silver lining in the cloud for VT & BJ shareholders for the compensation for loss claimed from JDC.

Btw BNM & Bank Korea just renewed a RM15 Billion currency swap arrangement, will be handy when both Berjaya & JDC agrees to the Korea court managed compensation amount to be paid in Korea Won remitted back by Berjaya in RM?

https://www.theedgemarkets.com/article/bnm-bank-korea-renew-rm15b-currency-swap-arrangement

"The 21st Civil Affairs Department of the Seoul Central District Court postponed the deadline for Berjaya's claim for damages scheduled for six days and began preparing for a reconciliation procedure.

Prior to the date of the sentence, the court announced that both sides were willing to make adjustments.

It was reported that a full delay was postponed as the law firm Square, which acted for the defense of JDC, and the Pacific Ocean law firm on Berjaya's side formed a consensus on further business negotiations.

The Tribunal plans to close the case through a forced reconciliation procedure based on the agreement between the two sides. The precondition is that adjustments should be made in a way that both sides can accept.

If either party disagrees with the forced reconciliation decision, they will have to go to court again. Compulsory mediation will be effective if the decision is not filed within two weeks of service."