shortinvestor77, cool down. I believe something si definitely brewing there. but, not easy and maybe not since Vincent publicly announced the possibility privatisation.
I sold off all the bjland shares few weeks ago. although I have nothing bjland shares now, I still feel something is there. reason I dont have bjland cause all stocked in other 3 counters
No Date of change No of securities Type of Transaction Nature of Interest 1 12 Sep 2019 1,450,000 Disposed Deemed Interest Name of registered holder Gateway Benefit Sdn Bhd Address of registered holder Level 12 Berjaya Times Square No. 1 Jalan Imbi 55100 Kuala Lumpur Description of "Others" Type of Transaction
2 13 Sep 2019 1,050,000 Disposed Deemed Interest Name of registered holder Gateway Benefit Sdn Bhd Address of registered holder Level 12 Berjaya Times Square No. 1 Jalan Imbi 55100 Kuala Lumpur Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Deemed interested by virtue of its 100% equity interest in Gateway Benefit Sdn Bhd - Disposals of shares in open market
Just a small distraction, nothing to be excited about...sale of 1 million shares (0 2%) by BJLand 's wholly-owned subsidiary, Gateway Benefit Sdn Bhd. maybe just a normal buy & sell transaction which hasn't changed the fact that BJCorp & VT still owns more than 85% of shares in breach of Bursa's listing requirements. Also remember the hoard of BJLand held treasury shares not counted in the 85%?.
Notice that, there is no more unlimited shares on sale, VT's just maintaining a semblance of sufficient liquidity to satisfy Bursa before his next steps materialize.
nonsense, BJLand disposed Vietnam hotel for more than 200 million, NO dividend declared.... This BJToto share sale is worth less than 7 million, and you expect dividend?!?
Reference is made to your emails dated 5 September 2019 and 10 September 2019 respectively.
We take note and appreciate the feedback as set out in your email dated 10 September 2019 in respect of the appeal by BJLand on Bursa Malaysia’s decision on the company’s application for extension of time to comply with the public shareholding spread. The Exchange wishes to assure that the assessment and determination of any application/appeal for extension of time will take into account all factors including efforts and certainty of any rectification plan provided by the company.
In relation to your enquiry on the action taken by Bursa Malaysia on BJLand’s public shareholding spread matters as stated in your email dated 5 September 2019, we wish to reassure you that Bursa Malaysia will take appropriate enforcement actions for any contravention of the Main Market Listing Requirements (“LR”) by a director and/or listed company. Where a company and/or its director is found to be in breach of the LR, due process will be accorded to the company and/or the director. We also wish to inform that where a company has submitted an appeal on Bursa Malaysia’s decision, any enforcement process would be depending on the outcome of the appeal.
shortinvestor77, thanks. While the letter seems reassuring, its NOT at all. What Bursa should have DONE was to require a similar offer made to Penta be offered to minorities the last acquisition. Penta had only bought the shares from who know what weeks earlier, yet BJCorp offered to buy JUST enough to avoid 15% cap that would allow BURSA to approve the deal.
seriously bro, dont make yourself to sound funny as I believe u are just joking , u suggesting bursa to instruct bjland whatbshould be done relating to corporate exercise ?
Just wondering why VT's macais is so active this few days? Also the conversion ratio between BJLand & BJCorp is still maintained whatever the price? Already passed 2 months from BJLand's legal notice to South Korea on Berjaya Jeju Compensation/Negotiation dated 17 July...There should be a response coming anytime??? Is this the signal that the End is Near!
Folks, please sell more shares to G4kingstock at 0.195 so that he/she has more wealth in the future!! Hopefully, the previous unlimited seller would appear again in the near future!
G4kingstock Thank for the investor throw 19.5sen to me 19/09/2019 3:14 PM
Bursa should not approve any appeal from this company's directors if the share price below 0.28 cents (point that they start sell down after privatization fake news release by VT) fine them kau kau for sucking & milking retailers $$......hehehe................
if BJCorp refuses to offer MGO on the same term, BJCorp can't acquire Penta's shares. Of course, Penta can dispose at its own will in the open market or with a third party. The process is to ensure a fair treatment to all, not to assure the price won't collapse...
That's is exactly the point, while BJland management has failed to deliver result and ROI (give dividend), they also fail terribly to make their listing price sound attractive which is now only 25% of their NTA worth in the market, their's failures make many retailer suffer a major lost and yet they add fuel to fire by cut a deal with Penta @0.38 cents above $ what public can trade in open market, worst still, they allow Penta to sell down into open market using those dealt shares to further suppress retailer lost knowing BJ and VT already has 85% which is almost equal to total control share stake that lead into 1 party a sure win games, this is a big bully, jeopardizing public interest ($) and country reputation that SC should not allow to be continue, bad example that requires an immediate fix.
Its not BJCorp or VT at fault, the deal has to be passed by BURSA. Its BURSA's role to ensure fair treatment to all. Think if in a more developed market, BURSA would have been sued already!
IMO, it is BJland and VT faults for not able to deliver the ultermate invesment results and lead to share price under perform, investor did not get their returns while they are stuck-up with so many court cases, impairment & write-off.
IMO, unable to deliver business plan can be due to (1) poor management, (2) conman show or (3) plain bad luck... Its not BURSA role to protect minorities under (1) or (3). What BURSA can and should do is to lower the chances of (1) from listing on BURSA. AND it is BURSA ROLE to punish (2).
yes, Bursa sides substantial shareholders that jeopardizes small shareholders benefits. That's what I have been telling Bursa its sins through my emails.
In a true public listed company, if top management can't perform - he/se should see the exit door!! But this will not happen in BJland, cause it appear losing it public company identity & status, minorities and retailers only hold 15% of shares to influence, they have been bully, marginalize, tyrannize and suppress by majority..... How this happen, why is it still listed?? Where in this case, the owner, VT has spoken to Public on his intention to take BJland private due to poor market price against NTA, public expectation was set, this should not pro-long for more than 6 months, you can't effort the major announced privatize publicly and then company denial they have yet to received his requests and mislead public, this is your internal matter, the major shares holder public announcement carried weight and shall superseded internal process. So just do it, don't turn deaf ears !!
1. Berjaya Corporation Berhad 32,075,402 2. Immediate Capital Sdn Bhd 4,596,873 3. B.L. Capital Sdn Bhd 42,493,513 4. Gateway Benefit Sdn Bhd 301,769,000 5. Bizurai Bijak (M) Sdn Bhd 47,149,540 6. Inter-Pacific Securities Sdn Bhd 8,500,000 7. Berjaya Land Berhad 190,574,290 8. Berjaya Group Berhad 13,271,094 9. Berjaya Bright Sdn Bhd 8,967,142 10. B & B Enterprise Sdn Bhd 2,022 11. Berjaya VTCY Sdn Bhd 1,169,690 12. Berjaya Retail Sdn Bhd 2,115,000 -------------------- 652,683,566
Yesterday closing price is at the seller price of 0.200. For the sake of all minority shareholders (including me), I do hope that today closing price is not 0.195 or lower. Any break of very critical support line at 0.200 is the beginning of downward trend, falling and expected to test the next support line at 0.1800.
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 545 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 12819 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....
freddiehero
16,721 posts
Posted by freddiehero > 2019-09-17 19:04 | Report Abuse
it is good. can break 0.20