Posted by ling > 2015-12-16 22:18 | Report Abuse

Vincent Tan suffered a $400 million drop in wealth from 2014 to 2015, he is a loser...follow loser just prepare yourself to Holland

Posted by myview > 2015-12-16 22:28 | Report Abuse

Eddy, sorry to have to say that small holders are fed up and loss patience. They will sell when the price goes up a few sen. It would be better to invest elsewhere with better returns. So it will be difficult for BJ price to go up pass 40 sen.

Posted by myview > 2015-12-17 01:39 | Report Abuse

I just realised that short selling is allowed in bjcorp's shares. As such, this stock can be easily suppressed to kill the call warrants.

Posted by myview > 2015-12-17 01:41 | Report Abuse

Long, I agreed with you. VT not bothered about his wealth ranking. So anybody can just suppress this stock price.

Posted by myview > 2015-12-17 01:41 | Report Abuse

Ling, correction.

Posted by nickng > 2015-12-17 08:38 | Report Abuse

http://www.theedgeproperty.com.my/my/content/blands-unit-sell-chinese-mall-project-rmb208-bil

Posted by tt101 > 2015-12-17 08:52 | Report Abuse

recorded making a RM51M loss in this disposal of mall under construction project.
as said earlier, if 12% bjland is not take up by bjcorp, who will suffer from this losses?

Posted by tt101 > 2015-12-17 09:00 | Report Abuse

Next have to focus the impact from Jeju project.

Posted by Eric Tee > 2015-12-17 09:23 | Report Abuse

one day show nia

Posted by Eric Tee > 2015-12-17 09:23 | Report Abuse

kanasai

Posted by firehawk > 2015-12-17 09:33 | Report Abuse

is pushing up ... pls enjoy.....

Posted by myview > 2015-12-17 10:15 | Report Abuse

tt101, Loss from disposal is only RM34.25m. Considered small. The positive side is cash flow is cash rich. Pay creditors and borowings. Balance working capital. Cut loss business venture.

Posted by Tkoklin > 2015-12-17 10:44 | Report Abuse

KUALA LUMPUR: Berjaya Land Bhd (BLand), through its unit’s 51% owned subsidiary Berjaya (China) Great Mall Co Ltd (GMOC), is selling its under-construction Berjaya (China) Great Mall Recreation Centre in Hebei Province for 2.08 billion yuan (RM1.39bil) cash.

In a filing with Bursa Malaysia, BLand said GMOC, a subsidiary of Berjaya Leisure (Cayman) Ltd, had yesterday entered into a construction project transfer agreement with Beijing SkyOcean International Holdings Ltd.

Beijing SkyOcean paid 50 million yuan on signing the contract and would pay 1.015 billion yuan within five days after all conditions precedents in the contract have been fulfilled and the remaining 1.015 billion yuan within 13 months after that completion date.

On how the proceeds would be used, BLand said 1.113 billion yuan (RM743.05mil) would be to repay borrowings, creditors, contractors, and to defray taxes on sale of the Great Mall project and incidental expenses within 12 months from the respective dates of receipt of the cash portion.

“Subject to authorities’ approvals, the cash balance of 967.48 million yuan (RM646.18mil) is proposed to be distributed to the shareholders of GMOC which Berjaya Leisure (Cayman), upon receipt, will utilise such cash for working capital of the BLand group,” it said.

The Great Mall project in Sanhe City, spanning 1.21 million sq m of gross floor area. will be developed over phases 1, 1E and 2 and will consist of, among others, retail outlets, three indoor theme parks, a conference and exhibition centre, a hotel and serviced apartments and office lots.

BLand said phase 1 of the project was currently under construction while phases 1E and 2 were “vacant”.

The proposed disposal is subject to the approvals of the regulatory and/or governmental authorities in China.

Barring any unforeseen circumstances, BLand expects the proposed disposal to be completed by end-2017.

BLand shares were not traded yesterday. They were last sold for 72 sen on Monday.



KUALA LUMPUR, Dec 16, 2015:

Berjaya Land Bhd (BLand) is selling its partly-completed Berjaya (China) Great Mall Recreation Centre located in Sanhe City, Hebei Province, for 2.08 billion yuan (RM1.39 billion) and the proceeds will go largely towards covering mall-related costs to date while the balance will be distributed as dividends to shareholders.

In a Bursa filing, BLand said it has a 51% stake in the mall developer Berjaya (China) Great Mall Co Ltd and the remaining 49% stake is held by Berjaya Times Square (Cayman) Ltd – a company owned by Tan Sri Vincent Tan Chee Yioun and his son Rayvin Tan Yeong Sheik.

It added: “The proposed disposal provides an opportunity for the BLand group to cash-out its Great Mall Project which is still under construction.”

The mall project, located about 45 minutes by road from the Beijing Capital International Airport, spans across about 306,260 sq m – with about 1.21 million sq m of gross floor area. The land use rights for the mall project expires on Jan 25, 2045 and only phase one of three is currently under construction.

The entire mall project is being acquired by Zhou Zheng and his sister Zhou Jin.

BLand said: “Zhou Zheng has many years of experience in real estate development, retail and financial investment. He is currently the controlling shareholder and chairman/chief executive officer of SkyOcean International Holdings Ltd, a company listed on the Hong Kong Stock Exchange with 74.32% stake (as at June 30, 2015) and a director of China Minerals Mining Corporation, a company listed on the Toronto Stock Exchange with a 44.22% stake (as at May 21, 2015).”



BLand to sell Great Mall project for RM1.39 billion

PETALING JAYA: Berjaya Land Bhd (BLand) plans to sell Berjaya (China) Great Mall Recreation Centre (Great Mall project) to Beijing SkyOcean International Holdings Ltd for RMB2.08 billion (RM1.39 billion) cash.

In a filing with Bursa Malaysia yesterday, it said that Berjaya (China) Great Mall Co Ltd (GMOC) has entered into a construction project transfer agreement (contract) with Beijing SkyOcean for the proposed disposal of the Great Mall project, which is under construction and located in Sanhe City, Hebei Province in China.

GMOC is a 51%-owned subsidiary of Berjaya Leisure (Cayman) Limited (BL-Cayman), which in turn is a wholly-owned subsidiary of BLand.

The Great Mall project spans across 306,260 sq m of land, with 1.21 million sq m of gross floor area. The land use rights of the project were granted for a term expiring on Jan 25, 2045 for commercial, entertainment and commercial (car park) uses.

The project will be developed over Phases 1, 1E and 2. Phase 1 is currently under construction while Phases 1E and 2 are vacant.

The cash consideration of RMB2.08 billion represents a premium of 3.07% over the market valuation and a premium of 18.86% over the carrying amount. The cash consideration will be receivable by GMOC over a maximum of two years from the signing of the contract.

The group

Posted by tt101 > 2015-12-17 10:46 | Report Abuse

Thanks myview for the correction. I had misused the RM instead of RMB.

My concern is if Bjcorp acquired the 12% Bjland after this disposal announcement, better acquisition price will apply. Why not fully utilized in hand information?

Posted by myview > 2015-12-17 11:00 | Report Abuse

I thought the purchase price for 12% of BJland is already fixed? We really don't know what is VT's plan. We are at VT's mercy. I really don't care what he does if BJcorp price gets better and better. The fact is it is not and the price is only 37sen. Dirty cheap. That means the directors are not doing a good job.

Posted by ganasai > 2015-12-17 12:02 | Report Abuse

wah... so fast no show already. one night stand. How many be trapped?

Posted by myview > 2015-12-17 13:11 | Report Abuse

Sleep again.

Posted by Eddysurge > 2015-12-17 13:27 | Report Abuse

Seldom heard property developement bussiness can gets loss, esp tycoon size.Only layman & buyers gets con ..

Posted by klkk > 2015-12-17 15:47 | Report Abuse

Hope one day in the very near future BjC will move like Top Glove now.

Posted by firehawk > 2015-12-17 16:07 | Report Abuse

he is too old alrdy ... no power, can only up for a while .......

Posted by tt101 > 2015-12-17 16:30 | Report Abuse

冠蓋滿京華， 斯人獨憔悴。

Posted by myview > 2015-12-17 21:47 | Report Abuse

BJcorp cannot compare to Top Glove because BJcorp is bottomless and shameful.

Posted by Eddysurge > 2015-12-17 22:22 | Report Abuse

Shameful & disgrace,such conglomerate at bottomless &fundamentaless value..

Posted by Koon Bee > 2015-12-17 22:24 | Report Abuse

I never trust in VT and his counter

Posted by ljmeng > 2015-12-17 23:46 |

Post removed.Why?

Posted by Eddysurge > 2015-12-17 23:57 | Report Abuse

天地有正气,豪杰自牢笼。

Posted by 爱丽丝 梦幻世界 > 2015-12-18 11:29 | Report Abuse

I can't believe bjcorp price as low as 0.370.... see it revenue almost 10 billion...10 billion = 10,000 millions per yr leh! Market capital only 1.7 b , pe below 2, dy 3%.....

Posted by tt101 > 2015-12-18 11:43 | Report Abuse

I also can't believe leh, I have so much shares in this counter.....
really wired....

Posted by cyphua > 2015-12-18 12:02 | Report Abuse

I also not believe. but actual is like that.

Posted by cyphua > 2015-12-18 12:03 | Report Abuse

RM0.35 really break my confidence.

Posted by 爱丽丝 梦幻世界 > 2015-12-18 12:19 | Report Abuse

RM0.35 break my heart rdy...want to cut loss but suddenly up a bit 2nd day....then side way again.

Posted by tt101 > 2015-12-18 12:20 | Report Abuse

cyphua , no worry, you r not alone

Posted by 爱丽丝 梦幻世界 > 2015-12-18 12:26 | Report Abuse

Tt101, my feeling is like "uphill no power, downhill no break"! Look at the chart....

Posted by klkk > 2015-12-18 12:30 | Report Abuse

anyone read the announcement about acquisition of 3 million shares? There is a question here. Did the buyer buy the shares to rescue it from the low of 35 sen or did someone purposely press down the price so that the buyer could get it cheap!?

Posted by tt101 > 2015-12-18 12:42 | Report Abuse

爱丽丝 梦幻世界, 抱歉，感同深受，无言以对！

Posted by klkk > 2015-12-18 12:54 | Report Abuse

tt101, you talked like sending condolences !!! hahaha...

Posted by 爱丽丝 梦幻世界 > 2015-12-18 12:57 | Report Abuse

曾經真的以為人生就這樣了　平靜的心拒絕再有浪潮
斬了千次的情絲卻斷不了　百轉千折它將我圍繞
有人問我你究竟是那裡好　這麼多年我還忘不了
春風再美也比不上你的笑　沒見過你的人不會明瞭

是鬼迷了心竅也好　是前世的因緣也好
然而這一切已不再重要　如果你能夠重回我懷抱
是命運的安排也好　是你存心的捉弄也好
然而這一切已不再重要　我願意隨你到天涯海角

雖然歲月總是匆匆地催人老　雖然情愛總是讓人煩惱
雖然未來如何不能知道　現在說再見會不會太早

Posted by tt101 > 2015-12-18 12:57 | Report Abuse

哦! I not mean that, so sorry, just in low mood.

Posted by cyphua > 2015-12-18 13:10 | Report Abuse

I not alone? I feel cool, the last result i saw when someone say that

Posted by cyphua > 2015-12-18 13:12 | Report Abuse

I invest in call warrant. no one pick up. consider total lost. RM70k

Posted by posby > 2015-12-18 14:03 | Report Abuse

cyphua.. u invest so much in Call warrant... few thousand ok...

Posted by cyphua > 2015-12-18 15:40 | Report Abuse

Too greedy

Posted by cyphua > 2015-12-18 15:42 | Report Abuse

上了贼船，就跟贼走。

Posted by klkk > 2015-12-18 15:43 | Report Abuse

睡醒了吧！ 38.5 。。 再接再励

Posted by tt101 > 2015-12-18 15:46 | Report Abuse

Any call from Vietnam?

Posted by tt101 > 2015-12-18 15:50 | Report Abuse

Sorry it is alarm call for tea break

Posted by cyphua > 2015-12-18 16:05 | Report Abuse

Are VT sell BJLand to BJCorp, then use the money to buy back BJCorp?

Posted by posby > 2015-12-18 16:32 | Report Abuse

http://webcache.googleusercontent.com/search?q=cache:http://english.vietnamnet.vn/fms/business/143921/business-in-brief-15-10.html

Posted by posby > 2015-12-18 16:33 | Report Abuse

that the reason that day rallied to 0.450
i saw this last few days ago...but din mention in malaysia news portal..

Posted by Eddysurge > 2015-12-18 17:19 | Report Abuse

Bjcorp owns bjland 64% bf acquired 12%. All know bjland is property developement bussiness, so far, bjland projects each qtr progress & countermeasure,nothing report to shareholder, last minutes said project undeliver target. R u believe? Or others cover up ?