As I always say, got face if VT privatizes BJLand and it should have been done long time ago when public shareholding is less than 25%. He will have more shame if BJLand is delisted by BUrsa by force. See how one by one the owners of public listed Companies privatized it once having public shareholding spread problem, GAIN FACE LAH!
Force delist only happen when 90%. No matter how, Vincent tan would still have to respond to the bursa 85% threshold. Every respond would take 1 month. If first warning by bursa is 1st January, bjland need to respond within 1 month. Second respond is when bursa announce they decline the time extension, bjland would have to response within 1 month too. So these couple of days, bjland would need to respond to bursa. This is what I learnt from other companies public shareholding spread.
Based on old Star news in Jun 2018 "Separately, BLand said Vinhomes and its affiliates are also being considered as potential purchasers of Berjaya Vietnam International University Town One Member Ltd Liability Co (BVIUT).
The company said Vinhomes had, in December, injected a cash sum of 11,904 billion dong (RM2.08mil) as fresh capital contribution into BVIUT in order to meet certain similar conditions imposed by the Vietnamese authorities, which require BVIUT to increase its charter capital to RM210mil.
“Accordingly, BLeisure Cayman’s initial stake in BVIUT has also been diluted from 100% to 0.8%. It is the intention of BLeisure Cayman to dispose its 0.8% stake in BVUIT in the near future.”
Quiet before thunder storm with heavy rain to come. Have faith with yourself. Don't listen to others that divert your faith. All so called sifu will die.
William Ng Quiet cos speechless 26/09/2019 10:16 AM
I still think not to worry much, it will back up to 0.23 at least. noe is reshuffle time. probably most if the trade done is by one fella. this is how it works, when someone want to collect some shares and the shares float is very limited, such as not many fund house participate, the one person would have to buy and sell at the same time. as long as he can buy 1000 shares and sell 800 shares, he still on collection mode. dont forget, basically all mutual funds hold 0 in bjland. bjland now only left with minority shareholders.
stock market is full of manipulation. the person with the most shares is the operator.
Key dates to lookout for any announcement from Bursa/BJLand:
6 ~ 10, October - 1 month from Bursa letter on non approval for application of extension to BJLand dated 6 September...
"Further to our announcements dated 2 August 2019 and 5 August 2019, the Board of Directors (“Board”) of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 6 September 2019, resolved not to approve BLand’s application for an extension of time to comply with its approved minimum public shareholding spread requirement of 15% (“Public Spread”).
As provided in the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”), Bursa Securities may:-
(a) impose any type of action or penalty pursuant to Paragraph 16.19 of the Listing Requirements; and
(b) suspend trading in the securities of BLand pursuant to Paragraph 16.02 of the Listing Requirements.
Currently, the public shareholding spread of BLand stood at 14.65%, a shortfall of about 0.35%.
In view of the current poor market condition and as the Company has not formulated any rectification plan to address the shortfall in the Public Spread but will explore all possible options to meet the Public Spread, the Board of BLand may contemplate an appeal on Bursa Securities’ decision on the extension of time to comply with the Public Spread.
Kakaka. Your 0.14 support came from where? Using 20 years chart ? Aiseh , seriously if lu not sure what is support don't simply say la. Fundamental UK can talk cock, technical, don't talk cock ma cause technical can be tell by figures.
kaakakak. hey bettyem, are u man or women ? just give all of us here some technical reading, RSI is about 35 near to oversold. chart is dead cross, maybe still in bear downtrend as the volume for past 10 days does not favour us.
My magical chart told me that the volume gradually heading 30 million mark the price will be 24 cents and heading to 26 cents at 40 million mark. Resistance at 0.20 .
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shortinvestor77
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Posted by shortinvestor77 > 2019-09-25 21:24 | Report Abuse
Sound familiar.