Most probably to raise cash to restructure BJGroup by killing 3 birds (BJCorp, BJLand & BJMedia) with one stone in order to meet Bursa deadline on 20 October 2019 for BJMedia to enter into a definitive agreement with a white knight before BJMedia is delisted?
(1) & (2) Disposals of shares via open market (3) Disposal of shares via direct deal - Deemed interested by virtue of his interests in Berjaya Corporation Berhad, the ultimate holding company of Gateway Benefit Sdn Bhd (4) Disposal of shares via direct deal - Deemed interested by virtue of his interest in Berjaya Corporation Berhad
Some disposal are via direct deal, so who is buying this non syariah stock?
“We will delist BLand because BLand is so undervalued, and also not many people buy its shares, so by delisting, maybe it will help the existing minority shareholders to get a better deal,” Tan said, adding that the Berjaya group owns about 80% of BLand. BLand was last traded at 18 sen per share, giving it a market cap of about RM900mil. As at end-July 2018, the company’s net assets stood at 81 sen per share."
News from 10 months ago. Uncle Tan will honour his words and offer a good deal to existing shareholders. :)
Expect minority to puasa but management continue to enjoy luxury remuneration, how not to undervalued? Anyway, good for trading as rumors or news never end.
kahhoeng, that's Uncle Tan's word recorded by newspapers. I guess we can hold him accountable to the words he said because he's the largest shareholder of BJLAND. :) Like someone commented before this can be used if we need to take legal action against BJLAND?
So BJland delist announcement by VT is "fake news"? and there is a evident of sell down follow by fake news to reap $ from public and retailers?.....hehehe.........
well, I was told dividend will be declared FY2019 during FY2018 AGM by VT himself in front of attending shareholders, and I haven't seen a cent of dividend declared...
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tiptop168
267 posts
Posted by tiptop168 > 2019-09-20 12:02 | Report Abuse
Final call from VT. No more retailers in market now.