work with NAZA also need suspension? NAZA fail big time in auto business since the founder demise whats the big deal.......Work with TESLA only help LOL
KUALA LUMPUR (July 17): Berjaya Corp Bhd is selling its waste management business Berjaya Enviro Holdings Sdn Bhd (BEnviro) to Naza Corp Holdings Sdn Bhd for RM700 million cash, confirming The Edge Weekly’s report.
On Monday (July 17), BCorp subsidiary Berjaya Group Bhd (BGroup) inked a share sale agreement to dispose of its 100% stake in BEnviro with Naza Corp.
The proposed disposal is expected to see BCorp lock in RM490.74 million.
Upon completion of the disposal, BCorp said it will form a joint venture company with BEnviro to collaborate on new projects.
This is bizzare transaction. After selling, BCorp wants to form JV w the sub thats been sold!
SO, funds will be injected into ex subs....why the need for, esp if such project is bankable! Keep it for yr self lash, after all give the spate of marriages of VT's kids...its a BUMI Company already!
this bj corp got 13,500 acres of lands in Bkt Tinggi and plus all it's net net assets got many multi billions in value
bj corp taken private bj capital, Dunham bush aircond, 7 eleven, caring pharmacy, and many others full of hidden value
plus the sale of business to Naza will get Rm700 mil cash and a profit of 9.5 sen
I know bj corp long ago since the 1990s.
However, our focus now still on palm oil
one more thing Naza motor with bj corp tendered for Govt vehicles procurement for their fleet of Police cars, Govt cars and other Official cars. Spanco has been a monopoly for decades which Bj corp can compete with Naza by offering a saving of Rm700 millions
huge savings for GOVT if Tsvt and Naza given fair deal
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ocbc
686 posts
Posted by ocbc > 2023-06-02 11:19 | Report Abuse
go twitter link Batikman , he keeps twitting n can twit him why he fail to proof himself in BJCorp. Just CEO one year and "run road".