Posted by posby > 2016-07-21 17:34 | Report Abuse

instead right issue take money... this round VT abit generous... iculs conversion... another 70million share.. and previous 200million ...good sign

Posted by Investeye > 2016-07-21 19:50 | Report Abuse

Good to see some resistance even the market is in bad sentiment..

Posted by Ricky Kiat > 2016-07-21 20:04 | Report Abuse

why VT convert ICULS n inject 70 million to bjcorp now ? why???

Posted by Ricky Kiat > 2016-07-21 20:06 | Report Abuse

he can wait for few more year, why now??? or he can direct buy from market , current price (0.355) is far more low than conversion price (1.00) . why?

Posted by eky7931 > 2016-07-21 20:12 | Report Abuse

Because VT is confident with BJCorp future potential growth, the logic is as simple as that.

Posted by posby > 2016-07-21 20:48 | Report Abuse

means open market ... don have so much share...that why he convert and dilute others...

Posted by Good_News > 2016-07-21 20:55 | Report Abuse

Loan stock don't get dividend but mother(after convert) can get.

Posted by posby > Jul 21, 2016 08:48 PM | Report Abuse
means open market ... don have so much share...that why he convert and dilute others...

Posted by Good_News > 2016-07-21 20:56 | Report Abuse

Could mean dividend coming soon?

Posted by Angielim9955 > 2016-07-21 21:04 | Report Abuse

than is a good news what ?
because ic more expensive now conv mean good good la ?

Posted by tt101 > 2016-07-21 21:14 | Report Abuse

increase the voting right, next move, privatise

Posted by Eddysurge > 2016-07-21 21:42 | Report Abuse

Anyone can give more convincing anws?

Posted by hippo_yin > 2016-07-21 22:05 | Report Abuse

what answer?

Posted by Ricky Kiat > 2016-07-21 22:13 | Report Abuse

the conversion price is 1.00 , triple than current share price. loan stock have 2 % interest. furthermore , bjcorp mother share give bonus share 3:100 , not cash dividend this year.

what's plan in VT mind ???

Posted by Eddysurge > 2016-07-21 22:30 | Report Abuse

VT seek a responsible investors in bjcorp.

Posted by rkgfantasy > 2016-07-21 22:38 | Report Abuse

i wonder Berjaya Retail Berhad under which company ? why i cant see this company in BJcorp profile de

Posted by Want_to_know > 2016-07-21 22:52 | Report Abuse

Meaning VT buy at RM 1? Why we buy only 35.5 sen?

Posted by Ricky Kiat > Jul 21, 2016 10:13 PM | Report Abuse
the conversion price is 1.00 , triple than current share price. loan stock have 2 % interest. furthermore , bjcorp mother share give bonus share 3:100 , not cash dividend this year.

what's plan in VT mind ???

Posted by Eddysurge > 2016-07-21 23:05 | Report Abuse

As loyalty investors, also needs contribution mah. U bought what price, not he concerns, but q'ty is he concerns.

Posted by Ricky Kiat > 2016-07-21 23:42 | Report Abuse

VT convert his ICULS (bjcorp LE) to bjcorp.

Posted by leek > 2016-07-22 07:27 | Report Abuse

Sapu Smartly...

Posted by Ricky Kiat > 2016-07-22 08:00 | Report Abuse

soon or later , we will know the answer by share price performance.

Posted by ken law > 2016-07-22 11:14 | Report Abuse

3395 BJCORP BERJAYA CORPORATION BHD
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name : VINCENT TAN CHEE YIOUN
NRIC/Passport No./Company No. : -
Nationality/Country of Incorporation : Malaysia

Address:
-

Descriptions (Class and Nominal Value):
Ordinary Shares of RM1.00 each.

Name and Address of Registered Holder:
Tan Sri Dato' Seri Vincent Tan Chee YiounLevel 12 (East Wing), Berjaya
Times Square, No. 1, Jalan Imbi, 55100 Kuala Lumpur.


Details of Changes

Date of Notice : 20/07/2016

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 18/07/2016 Others 70,000,000 -


Circumstances by reason of which change has occurred:
Beneficial Interest.-Conversion of 10-year 2% Irredeemable Convertible
Unsecured Loan Stocks 2016/2026 of RM1.00 nominal value each ("2% ICULS") by
surrendering one (1) 2% ICULS for one (1) new ordinary share. ("Conversion of
ICULS")


Nature of Interest:
Direct interest

Consideration:



No of Shares Held After Changes:
Direct : 1,107,302,900 shares (23.6100%)
Indirect/Deemed Interest : 1,074,207,732 shares (22.9100%)
Total : -2,113,456,664 shares

Remarks:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com


Submitted By:



21/07/2016 05:27 PM


Ref Code: 201607213600156

Posted by sharktank > 2016-07-22 11:44 | Report Abuse

no need to ask further.

BUY!!!

Posted by Seong Zhi Lam > 2016-07-22 11:49 | Report Abuse

i am curios bout why vctan convert iculs to mother, and why mother share better than loan stock? with rm1 conversion price?

Posted by Eddysurge > 2016-07-22 12:07 | Report Abuse

Can guess but improper. Want to listen icon, calvin & cyphua comment.

Posted by soon9913 > 2016-07-22 12:21 | Report Abuse

I'm also wondering why conversion from RM1 ICUL to RM0.355 shares..
Any experts can share their view?

Posted by iQBE189 > 2016-07-22 12:32 | Report Abuse

maybe market dun have so much share to buy? or vt dun want buy from shareholder?

Posted by cyphua > 2016-07-22 12:45 | Report Abuse

conversion no need RM1.00

Posted by Kyou > 2016-07-22 12:59 | Report Abuse

Im still holding .37 n still bleeding now...lol

Posted by rkgfantasy > 2016-07-22 13:11 | Report Abuse

maybe because of the 3% bonus share... so he convert to entitle the bonus

Posted by vews08 > 2016-07-22 13:20 | Report Abuse

Soon will drop to 0.34

Posted by Seong Zhi Lam > 2016-07-22 13:31 | Report Abuse

@cyphua thanks for pointing that out

Posted by solvent > 2016-07-22 13:48 | Report Abuse

02 17 33 37 38 45

Posted by solvent > 2016-07-22 13:48 | Report Abuse

1st prize 12,357,724,500 Dong

Posted by tt101 > 2016-07-22 14:20 | Report Abuse

if you lend your fully own company 10M.
Later on convert it to share instead of loan.
Any different of your net wealth?

Posted by tt101 > 2016-07-22 14:25 | Report Abuse

However, if you lend your control company (said 46.5%) 10M
Later on convert it to share instead of loan.
Par value RM1, Loan also RM1 but Share market price only RM0.35
Any different of your net wealth?

Posted by tt101 > 2016-07-22 14:27 | Report Abuse

If the above two scenario get the same answer, your calculation please share with us.

Posted by hippo_yin > 2016-07-22 14:29 | Report Abuse

hope tonight sales increase double / triple

Posted by tt101 > 2016-07-22 14:29 | Report Abuse

Or else what is the motive of the conversion?

Posted by tt101 > 2016-07-22 14:31 | Report Abuse

After conversion, wealth in scenario 1 > scenario 2
or
scenario 2 > scenario 1

Posted by tt101 > 2016-07-22 14:33 | Report Abuse

last year 4.3b but now 4.9b paid up shares

Posted by tt101 > 2016-07-22 14:35 | Report Abuse

0.6b or +- 14% additional shares in whose hand?

Posted by tt101 > 2016-07-22 14:35 | Report Abuse

Company buy back the market shares some more....

Posted by tt101 > 2016-07-22 14:36 | Report Abuse

how much share not in his control?

Posted by hippo_yin > 2016-07-22 14:39 | Report Abuse

then, how

Posted by cyphua > 2016-07-22 14:57 | Report Abuse

It may be want to release some share from share market, but BJCorpLE don’t have so much people buy at RM0.50
So convert to BJCorp to sell, more active;

Up to date convert from BJCorpLE
20160616 8,000,000
20160623 12,000,000
20160630 21,440,191
20160711 56,559,809
20160714 23,500,000
20160721 85,000,000

Total from BJCorpLE to BJCorp 206,500,000

If cost in BJCorpLE is 206,500,000 x RM0.50 =RM103,250,000/=
But convert to BJCorp to Sell is 206,500,000 x RM0.35 = RM72,275,000/=
Discount RM134,225,000 to sell.

If say for call warrant also cannot be
BJCorpCZ have 50,000,000 CIMB
BJCorpC1 have 80,000,000 Macquarie Capital
Call warrant loss RM0.15 also 130,000,000 x RM0.15 = RM19.5M only………

If BJCorp Mother share give 30 for 1000 = RM0.35 x 30 = RM1.05 plus plus then got story
BJCorp can get RM0.0105 + (RM0.0100 (same to previuos year)), BJCorpLE can get RM0.02 only;

But VT convert 85,000,000 and total direct share increase 70,000,000 only, (from 1,037,302,900 to 1,107,302,900) mean sell in market 10,000,000.
Who buy it so much? I support 10,000 at RM0.35 only.

Posted by hippo_yin > 2016-07-22 15:28 | Report Abuse

i support 5m share only

Posted by Seong Zhi Lam > 2016-07-22 15:41 | Report Abuse

5m= approximately 1.8million edy...

Posted by Seong Zhi Lam > 2016-07-22 15:42 | Report Abuse

in may u said u got 25m shares..

Posted by hippo_yin > 2016-07-22 15:52 | Report Abuse

boss, now is add horse la

Posted by Seong Zhi Lam > 2016-07-22 16:37 | Report Abuse

u r boss.... so huge volume shares u hold~ lol