Buy BJLAND now otherwise you guys will regret cause big boss VT already accumulate around 85% surely later will up like no tomorrow if no privatised in sight at the moment
Ministry of Justice, State Coordination Bureau, Ministry of Land, Infrastructure and Home Affairs, Ministry of Land, Infrastructure and Tourism, Jeju International Investment Dispute Response Team for Yerae Recreational Residential Complex
Malaysian nationals have submitted a letter of intent to arbitrate the Investor-State Dispute Settlement (ISDS) against the Government of the Republic of Korea regarding the Jeju Yeorae Recreational Residential Complex project. We decided to correspond.
Berjaya Land Berhad submitted a Notice of Intent to the Government of the Republic of Korea on the 17th under the Agreement on the Promotion and Protection of Korea-Malaysia Investment (BIT).
The Letter of Intent is a written notice stating that the claimant intends to file a mediation, not a formal arbitration.
In an arbitration intention, Berjaya agreed on the 'BIT on the Promotion and Protection of Korea-Malaysia Investment' by the Jeju Free International City Development Center (JDC) and the court of the Republic of Korea unfairly treating Berjaya during the development of the Jeju Recreational Residential Complex. Allegedly violated its investor protection obligations.
Berjaya said in a statement of arbitration that the company has incurred at least about KRW4.4 trillion (direct loss of about KRW300 billion and loss of about KRW4.1 trillion).
Berjaya was not informed in the arbitration of the lawsuit concerning the legality of expropriation of land for the land offered by the Jeju Free International City Development Center at the time of the joint venture agreement in April 2008. The court alleged that the Supreme Court's decision to cancel the acceptance of the settlement was incapable of proceeding with the project.
When formal mediations are filed, things get complicated. If the dispute is not resolved, the case shall be referred to arbitration. Regardless of the ongoing lawsuit, it is possible and our government cannot refuse it.
Arbitral awards are limited to the financial loss of the investor, the applicable interest, and the restoration of property. Once the arbitral award is concluded, it has its own strength. The petition itself is impossible, so it is impossible.
The government plans to actively respond by forming a joint response system by forming the 'International Investment Dispute Response Team (Director of the Ministry of Justice), which includes the Ministry of Land, Infrastructure and Transport, the Ministry of Strategy and Finance, the Ministry of Strategy and Finance, the Ministry of Foreign Affairs, the Ministry of Trade, Industry and Energy, and Jeju Island. .
The arbitration proceedings and disputes will be undertaken by the Ministry of Justice's International Legal Affairs Department, the General Affairs Bureau will be responsible for the BIT, and the Ministry of Land, Infrastructure and Transport will be in charge of the Jeju Island Development Project.
Yerae Recreational Residential Complex Project is a large-scale tourism development complex where Berjaya Jeju Resort invests 2.5 trillion won from 2008 to 2017 on the 74,1193㎡ site of Yerae-dong, Seogwipo-si.
The Supreme Court hit a turning point in March 2015, judging JDC's land acceptance decision on its business sites. The business ran into a wall when the court interpreted the defect as apparent until the disposal of the business.
Among the 9 phases of the project, from March 2013, the construction of the 149 households of Gotjawal Village with a total area of 39,9448㎡ on the business site was completed.
When the issue of land acceptance and the licensing process arose, Berjaya filed a lawsuit against the JDC on November 6, 2015, demanding an astronomical compensation of 350 billion won.
Berjaya said in a statement of arbitration that the company has incurred at least about KRW4.4 trillion (direct loss of about KRW300 billion (RM1.042 B) and loss of about KRW4.1 trillion (RM14.244 B) from loss in share values of BJLand/BJCorp shares.?
This is old news ah...very clear already the translation.which part u dun understand? The indirect loss confirm includes loss of bjland share value.n reputation loss.interestnloss..profit loss etc.capital loss already amount to 5 billion.
Looking at the share price in the past till now, one can judge the slcompany performance and management credibility and competencies. Anyway, good for trading as hopes remain, positive and negative news interval also create trading opportunities. Good luck.
All just talks and guessing only. No fact. Before the Korean money to come. They already planning to dispose the money to Myanmar housing projects. VT rather throw his money to expand his empire than reward all the stupid funs of him. VT made tons of money in the CARING shares, from 1.96 to 2.30 now. Why he has to take care all the day dreamers here ??
That why it's purposely pressed low to justify the quantum of Berjaya's KRW4.4 Trillion or RM15.5 Billion claim against Korean Government for Berjaya's loss as a consequence of cancellation of the Jeju Development, that's why BJLand/BJCorp has been pressed so low!
After the mediation/arbitration dispute has been settled in October on a GtoG basis?, the price of BJLand/BJCorp will not be kept so low anymore...VT may not care for minorities in general but very sure he will care for the profits when it's finally comes as he is the biggest shareholder after all as his team has cleaned the balance sheets for BJGroup of companies lately through all the non monetary impairment provisions which will be written back as gains in the near future.
Wait for these few days the decision by Bursa. If BJland is going to get all benefits of compensation, the substantial owner will want to privatize it fast.
The same old stupid stories around for years, From vietnam to Korea and Japan. Even upto Iceland and latest Myamar. But still remain as a 20 cent counter. Wah hahaha...lol. Now PM is visiting Cambodia, and I think VT will come out some sorts of brilliant idea to spread rumour that Berjaya group will invest in Cambodia either in lottery or resorts ! Then Bjland share prices will shoot up for VT to clear his lots and make some money. After that no action and the price back to 20 cent. VT collect again. The same stupid story go on repeating for years and all the ikan bilis will get hooked and jump around half naked with only underwear attached. wah hahhahaha...lol !
Most likely some sellers and buyers are the same gangs as bursa is likely not to check it as that will affect negatively the market sentiment, hence bursa bottom line. Casino anyway. Best for trading only. Long term fundamentals are missing for ages, ie consistent profit, reasonable dividend, reasonable cash flow etc.
Just wondering why there is still unlimited buying at 25.5/25 sens for BJCorp with 14.72 million buyers vs 1.94 million sellers unless something's brewing? Btw BJCorp just posted a notice of dealings in listed security under chapter 14 of VT interest to buy more BJCorp shares dated 30/8/19?
BJCorp more or less is a big retailing shop as VT has special liking on retailing business, from supermarts to fried chicken. I think quite alot of unlisted small retailing companies are still under his belt. It's just crazy !
AWARD FROM YANGON REGION GOVERNMENT FOR THE PROPOSED DEVELOPMENT PROJECT IN YANGON, MYANMAR The Board of Directors of Berjaya Land Berhad (“BLand”) is pleased to announce that BLand had on 30 August 2019 received a Certificate of Award from the Yangon Region Government for the proposed development of a public housing and mixed development project on a land measuring approximately 183 acres located along Myanandar Road and Shweli Road, Dagon Seikkan Township, Yangon Region, Myanmar (“Proposed Development”). The Proposed Development comprises 14 parcels of mixed development including inter-alia affordable housing, mid to high end condominiums, shop houses, retail spaces, the farmer’s market, community hall, schools and infrastructure to be built over 3 phases. Based on the preliminary plan of the Proposed Development, the estimated gross development value is about USD624.00 million (approximately RM2.63 billion*). * Based on the assumed exchange rate of USD1.00 to RM4.22 BLand will announce the details of the Proposed Development once the Group enters into the definitive agreements with the relevant parties. This Announcement is dated 3 September 2019.
Myanmar is a new market. Risks factor not clear. But Myanmar's government is not in good term with Malaysian government because of the Myanmar's muslims at the border Hopefully this time VT is true.
Good move by VT to get your foot in the door in Myanmar? Btw biz & politics don't mix, further Myanmar is part of ASEAN and maintains a embassy in KL, Malaysia.
"Although the relations become strained in late 2016 (previous BN Govt.) due to the Rohingya issues, the relations remained stable after the meeting between both countries armed forces chief to playing down the issues. Myanmar currently has an embassy in Kuala Lumpur, and Malaysia has an embassy in Yangon."
To enter a business organization at a low level, but with a chance of being more successful in the future"
Btw Myanmar Parliament, just passed The Gambling Law (“GL”) on 7 May 2019 to allow Casino & Gambling..
Goreng again, later few years may announce loss making as like Philippines gambling. Anyway, good to have interval positive and negative news for trading opportunities. Myanmar, is it a corrupted country for business opportunity?
Don't worry VT will have plenty of business opportunities in Myanmar, esp in Casino & Gambling biz apart from property development in the near future :)
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 565 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12946 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
kmwong8711
639 posts
Posted by kmwong8711 > 2019-08-31 14:09 | Report Abuse
Buy BJLAND now otherwise you guys will regret cause big boss VT already accumulate around 85% surely later will up like no tomorrow if no privatised in sight at the moment