pl come in full force in the coming AGM to protect the interest of minority shareholders and make sure this multi billionair VT acted fairly and ensure SC uphold the running n operation of bursa properly for many foreign investors to see
Further to our announcements dated 2 August 2019, 5 August 2019 and 10 September 2019, the Board of Directors of Berjaya Land Berhad (“BLand”) wishes to announce that Bursa Malaysia Securities Berhad has, vide its letter dated 18 October 2019, resolved to dismiss BLand’s appeal for further extension of time to comply with its approved minimum public shareholding spread requirement of 15%.
As at the date of this Announcement, the public shareholding spread of BLand is 14.53%.
根据我们于2019年8月2日,2019年8月5日和2019年9月10日发布的公告,Berjaya Land Berhad(``BLand'')董事会谨此宣布,大马证券交易所(Bursa Malaysia Securities Berhad)于2019年10月18日的信中决定解决以下问题:驳回了BLand关于进一步延长时间以符合其批准的15%的最低公众持股比例要求的上诉。
shouldn't BOD announced its intention after Bursa resolved to dismiss BJLand's appeal like last time? Sep 10 announcement mentioned about BJLand's intention to appeal. This round, just like that, I don't want to tell you what BOD going to do?
..... Dato Long: Hello.. Alice: Salam dato, saya mau pinjam wang beli itu saham. Dato Long: lu mau berapa? Alice: dato, saya mau 200k boleh past? Dato Long: 200k ada susah sikit ni, lu takde gadai barang? Alice: gadai sama saham boleh? Dato Long: boleh, tapi nilai saham kena 100k minima. Apa saham lu ada ? Alice: BjLand boleh? Dato Long: HoLL...and... Maaf Alice, saya ada call masuk......
Circumstances by reason of which change has occurred (1) to (3) Deemed interested by virtue of its 100% equity interest in Berjaya Group Berhad, the holding company of Teras Mewah Sdn Bhd, Juara Sejati Sdn Bhd and Bizurai Bijak (M) Sdn Bhd - Disposal of shares via married deal
(4) Deemed interested by virtue of its 100% equity interest in Berjaya Hills Resort Berhad - Acquisition of shares via married deal
(5) Direct Interest - Disposal of shares via married deal Nature of interest Direct and Indirect Interest Direct (units) 188,064,000 Direct (%) 3.769 Indirect/deemed interest (units) 3,690,374,996 Indirect/deemed interest (%) 73.964 Total no of securities after change 3,878,438,996 Date of notice 25 Jun 2019 Date notice received by Listed Issuer 27 Jun 2019
BJCorp owns ONLY 3.878 billion shares of BJLand, of which 42 million is held by Berjaya Sompo Insurance Berhad. So, to privatize BJLand, BJCorp will need to acquire roughly 1.2 billion shares. If it were to be acquired through share exchange like what's offered to Penta lately, it would be another 1.5 billion shares of BJCorp to be floated in market...
since the bursa does not allow the extension on the shareholders spread .WHY VT is allow to keep buying Berjaya Land shares in the market instead of selling
shortinvesto77, doubt it's a joint offer by BJCorp-VT... It would be complicated going forward for BJCorp going forward. What's more, Berjaya Sompo is an insurance subsidiary that holds 42 million shares, wonder if it can hold BJCorp shares?!?
Why VT keep on buying ? The reason he want the company for himself n family extremely under value . Expert said when insider buying, we as cikus investors shd follow suit. We shd hentam kuat2
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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....
Leong1982
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Posted by Leong1982 > 2019-10-21 11:08 | Report Abuse
Time is running out for BOD to answer to public spread issue.
AGM is coming as well.
You know what to do!