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!
Lol...Looks like Uncle Tan will make use of BJCorp for Cashout soon since SEM already on down trend. Why share with minority when you can eat the whole cake?
Doesn't looks good for Hainan Luo. Take profit or cut loss before's too late. Ah Yioun already taking Ah Bung's cue to cash out? Can always buyback cheap cheap after the bloodbath.
Lol...Maybe Uncle Tan needs more cash to cover his losses in Crypto Winter. Already sold so many shares in BJCorp/BJLand until no more substantial shareholder. Even Belgian Football Club also sold already. Btw where's Luver?
Take profit if you can Cut loss if you can't Talk is cheap Why pay to lose? Choo a choo a train Truckin' down the track Gotta travel on it Never comin' back Ooh Got a one way ticket to the blues Choo-choo-choo-choo-choo-choo train Got a one way ticket to the blues Gotta take a trip to lonesome town Gonna stay at heartbreak hotel Ooh Don't be fooled Don't be a fool You will never win Cry your tears away Yeah, yeah One way ticket One way ticket to the blues
Should PRN bring status quo, the gaming outlets could be allowed to go online w stringent conditions and thus by pass the state regulations....These should see a sizeable rise in all gaming counters as well as GENTINgs...so, BJCorp should see a decent upward movement.
In addition to batikman, people are quite quite collecting cheap tickets preparing to the moon in the future, slowly but surely (first BJland ), it will fly following YTL steps after a long long wait...
Aiseh, Gov't has scrapped the plans for the new airport in Tioman Island. Don't despair! If we can't be filthy rich by 3030 there is always 4040. Huatchaiiii Ah! :D
Agreed. Your great-great grandchildren will appreciate your investments for their future. Huat Ah! Heng Ah! :D
ocbc
In addition to batikman, people are quite quite collecting cheap tickets preparing to the moon in the future, slowly but surely (first BJland ), it will fly following YTL steps after a long long wait...
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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....
birkincollector
4,130 posts
Posted by birkincollector > 2023-07-15 10:46 | Report Abuse
left to right pocket...but at least good for bjcorp shareholders i supposed...should gap up