Posted by scanluver > 2020-06-21 11:07 | Report Abuse

Good coverage by the Edge and kudos to the anonymous investors for voicing their opinions (not the stupid-crab wantanmi types). Valid point Eddysurge, Sslee's inquiry should be shared with all financial market news outlets. Keep the pressure on and don't let them get away with it.

Posted by Sslee > 2020-06-21 11:48 | Report Abuse

Dear Khhoeng,
Since my email on Bcorp only with CC to Bursa and SC hence no reply from SC and Bursa are required.
Anyhow still waiting whether the BCorp Company Secretaries will reply to my email forward by Lydia?

Posted by wantanmi > 2020-06-21 12:02 | Report Abuse

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...

Posted by leong87654321 > 2020-06-21 14:35 | Report Abuse

Fail valve is 0.16. All public shareholders will que and buy @ 0.16. VT will buyback until 0.16.All the mi group will goreng !

Posted by kahhoeng > 2020-06-21 20:06 | Report Abuse

sslee, thought you intend to email to Bursa or SC? thanks...

Posted by Sslee > 2020-06-21 21:17 | Report Abuse

Dear Kahhoeng,
With CC is only to inform SC and Bursa that you are questioning some of the bcorp release information.
An official complaint is specified issues you would want SC and Bursa to start an investigation into.

Posted by kahhoeng > 2020-06-22 08:41 | Report Abuse

sslee, if your cc didn't result in a SC or Bursa investigation, what good is it then? thanks. frankly, thought your earlier email would result in Bursa initiating investigation into Singer deal.

Posted by Sslee > 2020-06-22 08:47 | Report Abuse

Without cc sometime you are not even getting any reply from IR

Posted by Sslee > 2020-06-22 08:53 | Report Abuse

MOU is just worth toilet paper. When final proposal come out for EGM approval then you can make official complaint to SC and Bursa.

Posted by Sslee > 2020-06-22 08:57 | Report Abuse

Example of official complaint:
https://klse.i3investor.com/blogs/Sslee_blog/2020-06-15-story-h1508787103-Official_complaint_on_JAKS_AGM_minutes_reporting.jsp

Posted by kahhoeng > 2020-06-22 09:24 | Report Abuse

sslee, I see, thanks!

Posted by leong87654321 > 2020-06-22 10:39 | Report Abuse

Bjcorp trading is active today. Most probably share buyback!!!!!

Posted by alakapala > 2020-06-22 12:24 | Report Abuse

come on still low in volume, please rise up high high, sure I will vote BN later.

Posted by scanluver > 2020-06-22 20:20 | Report Abuse

It appears that AGMs are now allowed in July. If that is the case, they should just revert back to a conventional F2F AGM. There is no reason for a web conference.

Posted by wantanmi > 2020-06-23 02:25 | Report Abuse

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..

Posted by simon2020 > 2020-06-23 11:03 | Report Abuse

FS Kyoto is composed of Hotel & Hotel Residences. Since only the Hotel component is sold for about RM2 Billion, we should question BJCorp Management during EGM/AGM on the FS Kyoto hotel residences component which has not been sold and still under BJCorp/BJLand. We believe there are still 13 units out of the 57 units built waiting to be sold with average price of RM30 million each giving a minimum return of RM390 million to a maximum of RM1.7 Billion to Berjaya Group?

https://www.nomu.com/pro/fourseasons-kyoto-en/

Posted by stockraider > 2020-06-23 11:11 | Report Abuse

So much value is in bcorp & bland....mah...!!

Posted by simon2020 > Jun 23, 2020 11:03 AM | Report Abuse

FS Kyoto is composed of Hotel & Hotel Residences. Since only the Hotel component is sold for about RM2 Billion, we should question BJCorp Management during EGM/AGM on the FS Kyoto hotel residences component which has not been sold and still under BJCorp/BJLand. We believe there are still 13 units out of the 57 units built waiting to be sold with average price of RM30 million each giving a minimum return of RM390 million to a maximum of RM1.7 Billion to Berjaya Group?

https://www.nomu.com/pro/fourseasons-kyoto-en/

Posted by kahhoeng > 2020-06-23 11:55 | Report Abuse

Useless if promises not delivered, hope VT will confirm a dividend FY 2020 for both bcorp and bland

Posted by 888STOCK888 > 2020-06-23 16:24 | Report Abuse

Dividend for BJCORP :)

Posted by kahhoeng > 2020-06-23 17:45 | Report Abuse

err... distributing BLand shares to BCorp shareholders to meet shareholding spread while meeting the dividend promise?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3061112

PUBLIC SHAREHOLDINGS SPREAD

BERJAYA LAND BERHAD


Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD

Description PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO PARAGRAPH 8.02 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD




Further to our announcement dated 24 March 2020, the Board of Directors of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 22 June 2020, resolved to accept the minimum public shareholding spread of BLand of 20% (“20% PSS”) as in compliance with Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities. In this regard, BLand is required to comply with the 20% PSS by 23 September 2020.


Currently, the public shareholding spread of BLand stood at 13.295%, a shortfall of about 6.705%. The Company has yet to formulate any rectification plan to address the shortfall in the 20% PSS but will explore all possible options to meet the 20% PSS by 23 September 2020.



This Announcement is dated 23 June 2020.

Posted by simon2020 > 2020-06-23 18:21 | Report Abuse

Good suggestion...should follow the BJCorp/ Penta deal ratio agreed earlier for dividend in specie to meet the 20% PSS requirement imposed by Bursa... somebody to follow it up with BOD in coming EGM/AGM?

kahhoeng err... distributing BLand shares to BCorp shareholders to meet shareholding spread while meeting the dividend promise?

Posted by alakapala > 2020-06-24 09:24 | Report Abuse

sendiri beli

Posted by wantanmi > 2020-06-24 19:36 | Report Abuse

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?

Posted by Sslee > 2020-06-24 20:53 | Report Abuse

My questions for coming EGM:
Q1. Refer circular the building consumption tax of JPY1.79 billion and page (6) the estimated tax and expenses relating to the transaction: JPY 1.45992 billion. So the sale consideration being JPY (50.79-1.79) = 49 billion or JPY (50.79 – 1.46) = 49.33 billion?

Q2. What will be the actual gain on disposal versus estimated gain on disposal of JPY16.03 billion (equivalent to approximately RM649.41 million?
Refer Bjland quarterly report end 31th March 2020:The Group reported a pre-tax profit of RM232.68 million in the current quarter under review, mainly contributed by the higher share of profit from its associated company, namely Berjaya Kyoto Development (S) Pte Ltd group, ("BKyoto") amounting to approximately RM224 million. BKyoto reported a substantial gain arising from the disposal of the trust beneficial interest on the hotel component of the Four Seasons Hotel & Hotel Residences Kyoto, Japan.

Q3. With share of profit RM 224 million (for 50% equity) that work out gain on disposal of RM 448 million. Why so much different with estimate gain on disposal of RM 649.41 million in this circular?

Q4. To repay bank borrowing BCorporation Group* (excluding BLand and its subsidiaries (“BLand Group”)): JPY 30,068 million equivalents to RM 1,218 million: Of this amount how much were loans taken by KHHA and BCorp?

Q5. Is the sale consideration of JPY50.79 billion will be first use to repay loans taken by KHHA and the gain of disposal after payment of withholding tax for the dividends to be declared by KHHA to BCorporation and BLand at 50% equity interest each?

Q6. Will BOD of BCorp and BLand after receiving the gain of disposal in the form of dividend to be declared by KHHA, pay out some of this dividend received as dividend to BCorp and BLand shareholders?

Refer: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3061112
Further to our announcement dated 24 March 2020, the Board of Directors of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 22 June 2020, resolved to accept the minimum public shareholding spread of BLand of 20% (“20% PSS”) as in compliance with Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities. In this regard, BLand is required to comply with the 20% PSS by 23 September 2020.
Currently, the public shareholding spread of BLand stood at 13.295%, a shortfall of about 6.705%. The Company has yet to formulate any rectification plan to address the shortfall in the 20% PSS but will explore all possible options to meet the 20% PSS by 23 September 2020.

Q7: Bcorp hold 73.367% BLand and with TSVT direct/indirect interest holding of another 10+%. Will Bjcorp offer a VGO to make BLand a 100% wholly owned company of BCorp?

Q8: Will Management publish the answers to my questions in BCorp website EGM minutes or email the answers back to me?

Posted by nowayout > 2020-06-24 20:58 | Report Abuse

Useless company...owner juz concern on own fat...put the shareholders at sideline...been holding this shares for long long years....price is cont down trend no improvement...even hav cash in hand after disposed the assets,owner will hijack the cash for other purpose again....this kind of company how to perform....

Posted by Bettyem > 2020-06-24 23:01 | Report Abuse

加油!

Sslee My questions for coming EGM:
Q1. Refer circular the building consumption tax of JPY1.79 billion and page (6) the estimated tax and expenses relating to the transaction: JPY 1.45992 billion. So the sale consideration being JPY (50.79-1.79) = 49 billion or JPY (50.79 – 1.46) = 49.33 billion?

Q2. What will be the actual gain on disposal versus estimated gain on disposal of JPY16.03 billion (equivalent to approximately RM649.41 million?
Refer Bjland quarterly report end 31th March 2020:The Group reported a pre-tax profit of RM232.68 million in the current quarter under review, mainly contributed by the higher share of profit from its associated company, namely Berjaya Kyoto Development (S) Pte Ltd group, ("BKyoto") amounting to approximately RM224 million. BKyoto reported a substantial gain arising from the disposal of the trust beneficial interest on the hotel component of the Four Seasons Hotel & Hotel Residences Kyoto, Japan.

Q3. With share of profit RM 224 million (for 50% equity) that work out gain on disposal of RM 448 million. Why so much different with estimate gain on disposal of RM 649.41 million in this circular?

Q4. To repay bank borrowing BCorporation Group* (excluding BLand and its subsidiaries (“BLand Group”)): JPY 30,068 million equivalents to RM 1,218 million: Of this amount how much were loans taken by KHHA and BCorp?

Q5. Is the sale consideration of JPY50.79 billion will be first use to repay loans taken by KHHA and the gain of disposal after payment of withholding tax for the dividends to be declared by KHHA to BCorporation and BLand at 50% equity interest each?

Q6. Will BOD of BCorp and BLand after receiving the gain of disposal in the form of dividend to be declared by KHHA, pay out some of this dividend received as dividend to BCorp and BLand shareholders?

Refer: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3061112
Further to our announcement dated 24 March 2020, the Board of Directors of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 22 June 2020, resolved to accept the minimum public shareholding spread of BLand of 20% (“20% PSS”) as in compliance with Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities. In this regard, BLand is required to comply with the 20% PSS by 23 September 2020.
Currently, the public shareholding spread of BLand stood at 13.295%, a shortfall of about 6.705%. The Company has yet to formulate any rectification plan to address the shortfall in the 20% PSS but will explore all possible options to meet the 20% PSS by 23 September 2020.

Q7: Bcorp hold 73.367% BLand and with TSVT direct/indirect interest holding of another 10+%. Will Bjcorp offer a VGO to make BLand a 100% wholly owned company of BCorp?

Q8: Will Management publish the answers to my questions in BCorp website EGM minutes or email the answers back to me?

Posted by kahhoeng > 2020-06-25 09:53 | Report Abuse

sslee, thanks.

Posted by shortinvestor77 > 2020-06-25 10:07 | Report Abuse

Thank SSLEE.

Posted by ElwinPg > 2020-06-25 11:15 | Report Abuse

I think TSVT is doing a good job to keep BCorp afloat during this difficult time. Share price remains stable when other counters drop. I don't think dividend is important at this time. Most important is stabilize this company now and prepare for growth.

Posted by Eddysurge > 2020-06-25 11:22 | Report Abuse

加油有乏低的味道！應該是支持或謝謝，這是我從某位大師指點的。

Posted by Eddysurge > 2020-06-25 11:34 | Report Abuse

@ElwinPg, if you're newbie in this counter, I probably will say the same. There's a lot of aspects besides dividend. You also have to relook at market price and asked what's happening to this counter and associates.

Posted by ElwinPg > 2020-06-25 11:54 | Report Abuse

Eddy, I bought this counter recently at 18.5sen. Price is quite stable at around 19sen. Other counters share price had been going down lately. So, the company's buy back scheme is doing good to stabilize the company share price. For the profit from Berjaya Kyoto, the company can use it to grow the company instead of paying dividend. It can be used to fund new acquisition like Berjaya Singer which will grow the company. Shareholder should be patient and wait for growth. Giving out unnecessary dividend won't be a good thing for the company in the long term.

Posted by Eddysurge > 2020-06-25 12:22 | Report Abuse

Elwin, no bad. Good buy indeed. Continuing buying please! But my advice is tactical buy and no regrets when loss.

Posted by kahhoeng > 2020-06-25 13:18 | Report Abuse

elwinPg, it's a big joke buying Singer at net asset but issuing new BCorp share at 72% discount to net asset and seeking minorities patience. In that case, why don't VT be KINDER, selling Singer at 72% discount to net asset by issuing new BCorp share at net asset and urge VT to be patience until the board of directors he picked start to perform. Oh, right, the proposal asking minorities' patience requires BCorp to issue 1.1 billion new BCorp shares, while the proposal asking VT's patience requires BCorp to only issue 88 million shares. YOU SEE THE DIFFERENCE?

Posted by simon2020 > 2020-06-25 13:34 | Report Abuse

Don't have to waste time arguing over MOU for proposed Singer purchase. Wait for final proposal & Agreement if really happens first?

Posted by Sslee > Jun 22, 2020 8:53 AM | Report Abuse

MOU is just worth toilet paper. When final proposal come out for EGM approval then you can make official complaint to SC and Bursa.

Posted by Eddysurge > 2020-06-25 14:02 | Report Abuse

Why investors buying the shares? Looking at the assets rich with 20 years above never reassessment at current ridiculously market price, even banker will fall in love to lending you money.. We been taught that rules that listing company shouldn't simply dilution without foundation by issuing more new share by no studying past performance and market acceptances. This is called manipulation, changing unfair games rules.

Posted by scanluver > 2020-06-25 14:04 | Report Abuse

ElwinPg, definitely a noob :D

Posted by Good123 > 2020-06-25 20:39 | Report Abuse

KUALA LUMPUR: KUB Malaysia Bhdhas disposed its entire 40% stake in KUB-Berjaya Enviro Sdn Bhd to partner Berjaya Group Bhd (BCorp) for RM80mil cash.

The deal gives BCorp full ownership of the solid waste disposal facility in Bukit Tagar, Selangor that is operating under a 30-year concession granted by the federal government expiring on Jan 19, 2044.

KUB, in a filing with Bursa Malaysia today, said proceeds from the disposal would be use for working capital, fund expansion and retire its existing loans.

"The breakdown of the utilisation has not been determined at this juncture and depends on the operating and funding requirements of the Group," it said.

KUB said the disposal enabled the group to realise its investment that is not considered strategic or synergistic to the other operations of the group.

"In addition, the disposal represents a good opportunity for KUB to unlock a significant gain in the value of the investment and strengthen its liquidity and cash flow position," it added.

Posted by Paulnga > 2020-06-25 22:19 | Report Abuse

End up doing nothing but buying rubbish!

Posted by Eddysurge > 2020-06-25 23:29 | Report Abuse

Something really really unspokeble bail out with nothing forecast profits and benefits to shareholders.

Posted by Paulnga > 2020-06-26 09:17 | Report Abuse

KUB invest 9M and sell to Bj Corp 80M, at this moment, so easy to make money from Bj Corp!

Posted by Eddysurge > 2020-06-26 09:28 | Report Abuse

Just study the concession ended 2044, 30years. Already past 6 years, how many contribution to bjcorp shareholders written in accounts, anyone's can provide? KUB at 6 years times, already earned 71million & yearly profits.

Posted by shortinvestor77 > 2020-06-26 12:30 | Report Abuse

https://vimeo.com/100883542

Posted by shortinvestor77 > 2020-06-26 12:37 | Report Abuse

https://www.thestar.com.my/news/community/2014/08/06/sanitary-landfill-with-zero-discharge-byproducts-of-waste-decomposition-collected-for-energy-produ/

Posted by 888STOCK888 > 2020-06-26 16:09 | Report Abuse

The land belongs to who after 30 years?

Posted by shortinvestor77 > 2020-06-26 21:24 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3182669

Posted by simon2020 > 2020-06-27 11:02 | Report Abuse

Should pay dividend as sitting on a goldmine from Waste to Wealth. Government pays tipping fee of RM97 per tonne of waste sent to Bukit Tagar Sanitary Landfill.

Waste generated daily sent by government from KL & Selangor ranges from 2,500 to 5,000 tonnes. Income collected range from RM245,000 to RM490,000 daily or RM88 5 million to 177 million annually.. Now 100% income collected by Berjaya untill 2044!

Posted by stockraider > 2020-06-27 11:16 | Report Abuse

See Bcorp is doing all it could to let the public understand it is transparent & have the interest of minority shareholders at heart thru share buyback & good business disposal and prudent capital management and prudent profitable acquisition just that market do not respond to bcorp good gesture mah...!!

Posted by shortinvestor77 > Jun 26, 2020 9:24 PM | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3182669

Posted by simon2020 > Jun 27, 2020 11:02 AM | Report Abuse

Should pay dividend as sitting on a goldmine from Waste to Wealth. Government pays tipping fee of RM97 per tonne of waste sent to Bukit Tagar Sanitary Landfill.

Waste generated daily sent by government from KL & Selangor ranges from 2,500 to 5,000 tonnes. Income collected range from RM245,000 to RM490,000 daily or RM88 5 million to 177 million annually.. Now 100% income collected by Berjaya untill 2044!

Posted by scanluver > 2020-06-27 15:10 | Report Abuse

Good call. Collecting rubbish is much more sustainable compared than most of BCorp's current worthless companies e.g. Redtone, BInfinite, SweetSpot, NIS.

Posted by Paulnga > 2020-06-27 16:10 | Report Abuse

Want good gesture from public? Pay dividends as promisedlah!