Right now, congratulations o all complainants here that we made a success: 1. Bursa since August has not allowed easily for approval of lesser public shareholding spread as you all can see for the cases of KBunai and Degem. Before that, Bursa just approved it. I had emailed Bursa by criticising Bursa help substantial shareholders to cheat the small shareholders.
VT machais are confirmed to be here. Always threathening and fighting with us, small shareholders that lodge tonnes of complaints to Bursa and SC. They are bought by VT to harass and bully us.
That's why we small shareholders dont allow VT to continue buying till 90% holding lest VT decides the price he wanted to offer. Now we have better chance of getting better price offer soon. Wait and see. Btw, no shares pls leave us alone. We have a target to complete. We wanted to do it our way.
Pls refer to my old comment before: The contents are in. TQ. Kenn Ong Shortinvestor pls phase a copies of ur Bursa complaint letter so we can follow... 05/10/2019 9:15 AM
Just a piece of example (They are a few in deed) Kenn Ong:
Dear Sirs,
Greetings. I am a small shareholder of BJland.
I would like you to perform you duty to protect the benefits of small shareholders and thus immediately take stern actions against BJLand application of lower public shareholding spread to a lower of 15% and also ordering TSVT and its controlled Companies (BJCorps and others) to offer minority (small) shareholders at the price of at least its NTA RM0.85.
Tracking the history of Bursa Malaysia has been approving and granting lower public shareholding spread for BJLand for 25% (standard procedure during IPO) down to 20% and then down to 15% without concerning the benefits of small shareholders, and the BoD of BJLand keep promising to explore all possible options to meet the Public Spread within the extended period and formulate formal rectification plan to address the shortfall in the Public Spread but never never done, I am therefore very sad to see these things to reoccur in the near future. The stock price has incurred a downward trend from more than 80 cents to about 20.5 cents as per yesterday price. Many of small shareholders incurred a loss due to these approval actions by Bursa Malaysia during these 9 years.
Now it is the right juncture for Bursa Malaysia to take a wise decision to really protect the benefits of small shareholders. Now the substantial shareholders have been accumulating shares with very cheap price and expecting they are going to continue so as this is a lucrative business for them. Please stop their immoral actions of sacrificing the benefits of small investors/shareholders by commanding them to buy back shares not owned by them immediately at least at the NTA RM 0.85. Don't let them benefits more with lower than this price.
Thank you. Hope to hear a very good new from you soon.
:Date: Fri, Aug 16, 2019 Subject: Requesting Bursa Malaysia to take immediate actions against BJLand To: <Chairman@bursamalaysia.com> Cc: <karu.kr@gmail.com>
Bursa has replied to their concerned: In respect of your statement pertaining to the deterioration of BJLAND’s share price over the years, we are concern with the appropriateness of your allegation and basis that this was due to the public shareholding spread.
Right hand to left hand, left hand to right hand transactions are for VT to buy cheap cheap.
ALREADY DISCLOSE THAT BURSA HAS NO POWER TO COMPEL VT, TO BUY AT RM 0.85 OR ANY PRICE NOT WITHIN THE RULES MAH...!!
THE MOST THEY CAN DO IS SUSPEND BLAND LOH....!! {which is bad for small shareholders loh}
Posted by shortinvestor77 > Oct 5, 2019 10:38 AM | Report Abuse
Bursa has replied to their concerned: In respect of your statement pertaining to the deterioration of BJLAND’s share price over the years, we are concern with the appropriateness of your allegation and basis that this was due to the public shareholding spread.
Right hand to left hand, left hand to right hand transactions are for VT to buy cheap cheap.
Bursa: I have been looking after you VT, by allowing lower public shareholding for 9 years but this has caused many small shareholders unhappy. They are also my clients.
Bursa: Listen. We dont allow anymore lower public shareholding. You decide to cooperate. All your public listed companies BJCorp, BJMedia... still here. You know what to do.
Bursa: Before you are blacklisted. You have given me a lot of headaches. Vietnam properties sold without early announcements. Srr these complaints on my table like aa mountain. Alll complaint against you.
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....
shortinvestor77
5,487 posts
Posted by shortinvestor77 > 2019-10-05 09:00 | Report Abuse
So kahhoeng, what is BJLand RNAV?