PJ DEVELOPMENT HOLDINGS BHD

KLSE (MYR): PJDEV (1945)

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Last Price

1.50

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


6 people like this.

2,867 comment(s). Last comment by Venthaan83 2022-04-29 10:43

JJchan

7,156 posts

Posted by JJchan > 2016-10-17 11:23 | Report Abuse

Olh is a typical Old generation ChinaMan (extremely stingy) Will not slaughter Chicken and offer Chicken
head to say he will Repent---- Believe everything to be passed to Elder Son after his passing so OskH
will be his elder son and----pjd the lesser son

enid888

581 posts

Posted by enid888 > 2016-10-17 12:16 | Report Abuse

@FnR : I also read the news on Goodwood Park today. True, the major shareholder offers $42.81 as compared to the initial offer at $11.88. On top of that, the major shareholders together with the minorities were given dividends many times.

JJchan

7,156 posts

Posted by JJchan > 2016-10-17 18:53 | Report Abuse

It is a rare occasion that the Q to buy Oskh hit 1M@ 1.53.....maybe some pjd players are stepping on
both ships--some may follow Ironshirt (5 trading days left on First Extension----I think got another
extension or so----olh very cunning )

RVI123

663 posts

Posted by RVI123 > 2016-10-18 00:51 | Report Abuse

There is for sure another extension as allowed by the Takeover Act.

I am not so worried about being a minority shareholder of PJDev after it is delisted. OLH may be a tough negotiator. However, as you can see, everything he do is following the Company Act and business laws. Even though it is unlisted, every related party transaction in future will be revalued by professional valuer. Nothing much to worry about.

He has offered a low price for PJDev but this is permissible by the laws. It is up to the minority shareholders to decide whether they want to accept the offer or not. If they think that the offer is unreasonable, they can reject the offer.

terrytsp

27 posts

Posted by terrytsp > 2016-10-18 09:06 | Report Abuse

Surprisingly they collect even when it's 1.52. They might revise the offer again. We should start collecting too.

JJchan

7,156 posts

Posted by JJchan > 2016-10-18 09:50 | Report Abuse

Don't be silly---absolutely no people buying Except Olh (he tries to generate selling Volume) The Old
fox is manipulating the market

valuelurker

1,132 posts

Posted by valuelurker > 2016-10-18 23:30 | Report Abuse

I see so many comments here but none making a real, concerted effort to protect their own interests'

Get in contact, an email, or set up a website, get REAL and PROPER legal corporate advice wrt takeovers/de-listing/, rights of minority shareholders etc.

Get the info out, factually, you never know there might be clueless shareholders who are still holding their mother shares/warrants. They will thank you.

Dont shoot in the dark. Dont second guess. Be proactive.

And above all, relish the fight.

After all, this is a story of David vs Goliath

RVI123

663 posts

Posted by RVI123 > 2016-10-19 23:56 | Report Abuse

Did not know that there was a MSWG meeting on PJDev. Too bad.

RVI123

663 posts

Posted by RVI123 > 2016-10-20 09:25 | Report Abuse

I calculated based on the fact that OSK needs to acquire 90% of the shares outstanding and not already owned by OSK n PAC as at the announcement date (30/8/16). When I did the calculation, the figures from IAC was not out yet. Now, since IAC has already stated the actual percentages, that percentages are final and it is even harder for OSK to achieve that thresholds.

RVI123

663 posts

Posted by RVI123 > 2016-10-20 09:28 | Report Abuse

I think IAC based on the figures on 4/9/16 when OSK announcement delisting of PJDev.

RVI123

663 posts

Posted by RVI123 > 2016-10-20 15:54 | Report Abuse

The daily volume is low. The announcement by OSK shows that the quantity purchased from the open market and the offer acceptance are low after 11/10/16. Those who have decided to accept the offer might have already done so before 11/10/16. The remainings are those who have decided to stay on and continue to become minority shareholders unless a fair and reasonable new offer is announced.

steveooikp

4,702 posts

Posted by steveooikp > 2016-10-20 16:55 | Report Abuse

I bot osk 1.53.
PJ dev at 1.50...
so osk 1.53 is worth.

RVI123

663 posts

Posted by RVI123 > 2016-10-23 22:26 | Report Abuse

Eventhough extended by 4 weeks, it is not easy for OSKH to achieve 99.12% and 97.85%. The remaining shareholders are seasoned investors who will not sell at unfair and unreasonable price.

RVI123

663 posts

Posted by RVI123 > 2016-11-02 11:54 | Report Abuse

Just go through the few current ongoing takeovers and a major shareholding purchase that took place today, then we can see how unfair OSKH's offer is.

Counter / NBV / Offer Price /Premium
Maypak / RM0.49 / RM1.00 / 104%
CenBond / RM1.40 / RM1.75 / 25%
WCT Hldg / RM2.12 / RM2.50 / 17.9%
PJ Dev / RM2.32 / RM1.50 / -35.3%

Note :
WCT - a direct business transaction by Desmond Lim on 1/11/16.
The Net Book Value per share is based on the latest quarterly results as at 30/6/16.

Just look at it yourself, PJ Dev is the only one where the offer price is below the Net Asset / share. If PJDev offered price is to match WCT,OSKH should offer RM2.74 for each PJDev share. The Warrant should be offered at RM1.74 per share.

RVI123

663 posts

Posted by RVI123 > 2016-11-02 13:28 | Report Abuse

The Revalued Net Asset Value (RNAV) of PJDev is RM4.60. Pls don't accept at RM1.50. OSKH is trying to blackmail the minorities by delisting the counter. Many who are worried about the delisting have already sold off their holdings. The remainings are those who know the actual value of the counter and just simply unable to accept the diliculous price.

The offer price of RM1.50 is UNFAIR and UNREASONABLE.

Posted by bryankhor82 > 2016-11-14 12:38 | Report Abuse

will buy in more..

terrytsp

27 posts

Posted by terrytsp > 2016-11-21 20:14 | Report Abuse

Based on today's announcement, what will happen to those shareholders after PJDEV got delisted on 29/11/16?

thumxj

33 posts

Posted by thumxj > 2016-11-23 10:08 | Report Abuse

FAIRnREASONABLE and RVI123, should it be if they acquired 90% of shares and warrants, they are good to go ahead with delisting?

Teh_Invest

475 posts

Posted by Teh_Invest > 2016-11-30 00:44 | Report Abuse

FnR, means they did not achieve the 90%? Do you think they will re offer?

CAF-POW

201 posts

Posted by CAF-POW > 2016-12-05 16:51 | Report Abuse

Thanks, FAIRnREASONABLE ... I will be interested to use this as a case study for future reference. Do keep us updated how the actual scenario unfolds.

Teh_Invest

475 posts

Posted by Teh_Invest > 2016-12-14 01:45 | Report Abuse

Is this the same case as HWANG? If they're to re-offer it will need 6 months?

terrytsp

27 posts

Posted by terrytsp > 2017-02-08 14:30 | Report Abuse

Any update for those who are still holding the share?

Teh_Invest

475 posts

Posted by Teh_Invest > 2017-02-21 13:39 | Report Abuse

Tomorrow is the last day. Anyone any update?

860000

208 posts

Posted by 860000 > 2017-02-25 18:10 | Report Abuse

last day for what? i just came here to have a look

860000

208 posts

Posted by 860000 > 2017-03-10 08:31 | Report Abuse

Noted. just keep on let us updated with the progress :D... would be interested to know how it goes

terrytsp

27 posts

Posted by terrytsp > 2017-03-20 23:04 | Report Abuse

Will PJD still be giving dividend to existing shareholders?

RVI123

663 posts

Posted by RVI123 > 2017-04-06 00:26 | Report Abuse

PJDev is the biggest beneficiary of this project. OSKH is also benefited but in a diluted form. I thk the remaining shareholders will be the biggest winners of the whole project.

RVI123

663 posts

Posted by RVI123 > 2017-04-06 14:32 | Report Abuse

Like what we had anticipated, everything owned by PJDev will still remained with PJDev. 49% of Yarra Park City sold n 51% is still owned by PJDev. The proceeds from the sales will go to PJDev.

py197

1 posts

Posted by py197 > 2017-04-09 11:06 | Report Abuse

I have only 30k PJDEV-W, can anyone advise me what are my alternatives. Tq.

terrytsp

27 posts

Posted by terrytsp > 2017-05-11 10:08 | Report Abuse

Anyone received dividend from PJDEV last month? =D

Posted by NoviceTrader > 2017-05-15 12:58 | Report Abuse

Yes

Wechong

2 posts

Posted by Wechong > 2017-08-14 21:25 | Report Abuse

Any news from pjdev ?

terrytsp

27 posts

Posted by terrytsp > 2017-11-22 20:11 | Report Abuse

Basically the return that we will get is by dividend?

Posted by Tawaraja Sandra Rajoo > 2018-01-27 18:52 | Report Abuse

What should we do now? Still hold on to it?

Akihito

13 posts

Posted by Akihito > 2018-06-03 22:29 | Report Abuse

5491885

Akihito

13 posts

Posted by Akihito > 2018-06-03 22:45 | Report Abuse

583036

Akihito

13 posts

Posted by Akihito > 2018-06-05 18:13 | Report Abuse

5327552

Akihito

13 posts

Posted by Akihito > 2018-06-07 23:17 | Report Abuse

5602493, 5195545, 3138252,5218104

Peng

6 posts

Posted by Peng > 2018-06-18 13:25 | Report Abuse

Hi guys, I'm new
I would like to ask if I'm still holding this stock, what can I do?
I can't find any information from KLSE screencer, but I still received dividend on last week (7 June)

Wechong

2 posts

Posted by Wechong > 2019-12-19 20:46 | Report Abuse

How is the dividend

Posted by silver123 > 2020-01-28 17:51 | Report Abuse

Dear all expertise, may I know what advise to do with the remaining shares of PJD warrant which will expire end of this year? Thank you.

Ha _

8 posts

Posted by Ha _ > 2020-04-23 15:44 | Report Abuse

Anyone receive offer from PJ Dev to sell the share back to them?

rambolee

98 posts

Posted by rambolee > 2020-04-23 16:03 | Report Abuse

already bought by OSK?

Posted by junetang > 2020-07-12 02:51 | Report Abuse

PJ Dev no longer listed in KLSE.

fuwa88

1 posts

Posted by fuwa88 > 2020-11-24 20:54 | Report Abuse

Any form to submit? Need to get approval from OSK management?

mmlim

3 posts

Posted by mmlim > 2020-11-27 21:11 | Report Abuse

I am still holding the warrant PJDEV-WC. Called OSK, the recommendation given is not to convert to mother share as there is no buyer and also, the offer price for mother share may drop lower than RM1 hence will loss more money!

Very disappointed with the company.

Posted by jaguarxjl > 2021-02-24 14:02 | Report Abuse

@FAIRnREASONABLE Hi, may i know how much you sold? I still holding PJ Dev Shares =(, price can nego?

Posted by Venthaan83 > 2022-04-29 10:43 | Report Abuse

@mmlim... I used to have PJDEV-WC as well. But I managed to convert to PJDEV mother shares with the exercise price of RM1.00. That mean if you have 10k PJDEV-WC shares, you need to fork out 10k to convert the warrants to mother shares (PJDEV). Now I get a decent dividend payout from them.... it's around 0.20cent per share yearly. In my opinion, it's worth holding the PJDEV shares.

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