Posted by OceanSky > 2019-10-31 07:20 | Report Abuse

2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
2.5 Significant accounting estimates and judgements (continued), pg 149.

(1) Critical judgements made in applying accounting policies (continued)
(d) Recoverability of balance cash consideration for the disposal of project by
Berjaya (China) Great Mall Co Ltd ("GMOC")(“Final Installment”)
As disclosed in Note 38(4), GMOC has initiated arbitration proceedings at Hong
Kong International Arbitration Court ("HKIAC") to seek the recovery of the Final
Instalment and accrued late payment interests as well as other reliefs from
Beijing SkyOcean International Holdings Limited ("Beijing SkyOcean") and the
guarantors, who are SkyOcean Holdings Group Limited and Mr Zhou Zheng
("GMOC Arbitration").

Based on the recent legal opinion obtained from its lawyers, it is highly probable
that GMOC will prevail against Beijing SkyOcean before the HKIAC. The
estimated duration of the arbitration proceedings and the enforcement of arbitral
award in the People's Republic of China has been reassessed to be about 3.5
years, which is to be completed by December 2020.

Hence, in accordance to MFRS 9:
Financial Instruments, GMOC has made a provision for additional
impairment of RMB12.93 million (equivalent to approximately RM7.87 million) to
account for the revised passage of time to recover the Final Instalment. The
Final Instalment has been reclassified as a non-current receivable as disclosed
in Note 10(c).

Posted by OceanSky > 2019-10-31 07:24 | Report Abuse

Good news is GMOC case, tribunal shall hold the hearing at between 17 and 21 Dec 2019.

Bad news is the payment received may be only on Dec-2020, one year from mow.
Of course, this could be the worst worst case.

Posted by 888STOCK888 > 2019-10-31 08:47 | Report Abuse

"The group is confident that it will prevail in its lawsuit against JDC and succeed in recovering the claimed compensation of US$350 million."

https://www.thesundaily.my/business/bcorp-we-didn-t-lose-us-200m-in-jeju-project-DJ685014

Judgement day is coming

Posted by Sharan8509 > 2019-10-31 08:49 | Report Abuse

March news bro, obviously there is no case. Is a conspiracy.

Posted by freetospeak > 2019-10-31 08:55 | Report Abuse

Berjaya Land Burhard claimed that the Jeju Free International City Development Center was treated unfairly during the development of the Jeju Yerae Resort Complex, resulting in a loss of at least KRW 4.4 trillion.

In addition to the ISD arbitration intentions, 'Berjaya Land Burhard' is currently undergoing a trial for damages against the Jeju Free International City Development Center and Jeju Island.

Today court case is separate from the ISD arbitration whereby BJLAND is sueing for 15 billion ringint damages. Today is suing for US$350 million. So is different case.

But today case will set the tone for ISD arbitration.

Posted by freetospeak > 2019-10-31 08:57 | Report Abuse

This ISD arbitration is the biggest case in korean ISD history.

Posted by shortinvestor77 > 2019-10-31 09:19 | Report Abuse

http://www.koreatimes.co.kr/www/news/nation/2016/01/116_195432.html

Posted by skyu > 2019-10-31 09:32 | Report Abuse

ini macam news also u able to Google... anywhere, the news doesn't mention anything materialistic besides the repeat and repeat issue which never resolved.

Posted by shortinvestor77 > 2019-10-31 09:33 | Report Abuse

In November (2015), BJR had already filed a suit against the JDC for halted construction in Gotjawal Village, the first part of the total nine-phase project, seeking 350 billion won (RM1.26 Billion) in compensation.

Posted by skyu > 2019-10-31 09:33 | Report Abuse

bro, bursa doesn't represent the shareholders they only act as a regulator to list and delist a company.

Posted by shortinvestor77 > 2019-10-31 09:38 | Report Abuse

Just need to wait for today's trial outcome on first part project compensation.

Posted by skyu > 2019-10-31 09:49 | Report Abuse

u are good. thanks for the effort. appreciate, although I dont foresee any good news.

Posted by shortinvestor77 > 2019-10-31 10:09 | Report Abuse

At 10:04am, one buyer sapu a 20000 lots.

Posted by stahl2017 > 2019-10-31 10:16 | Report Abuse

lolz, thing going good in Korea? so sapu 20000lots...
Just went thru the AR, total receivable for Jeju & China Great Mall project total up to RM1billion...what if both also write off~~

Posted by shortinvestor77 > 2019-10-31 10:20 | Report Abuse

Impairment has been done from Q to Q, bit by bit. What if write back ?

Posted by gangnam > 2019-10-31 10:22 | Report Abuse

Lol...will it be Nasi Lemak or McD 2day?

Posted by Newcummer1 > 2019-10-31 10:25 | Report Abuse

Who wants unload more?

Posted by bahai4453 > 2019-10-31 10:26 | Report Abuse

Yes received 1 billion! Afterward Viagra Tan will come out and tell you all that they're going to invest in Cambodia casino and resorts.
Bloody bullshit type of people ! Full of con story to attract people to fall into this trap.

Posted by skyu > 2019-10-31 10:27 | Report Abuse

I did not see any impairment recorded as I just went through their report last week.

when I look at their major shareholder, it only shows 60% top shareholding, where is the 20 or 25% shareholder name ?

Posted by shortinvestor77 > 2019-10-31 10:43 | Report Abuse

Page 12: GMOC made a further provision for impairment to account for the time value of money for
the 3-month delay in GMOC Arbitration Proceedings. The provision for impairment that was
attributable to the Group, which holds 51% equity interest in GMOC, amounted to RM4.07 million
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6266341

Posted by shortinvestor77 > 2019-10-31 10:44 | Report Abuse

Quarter to quarter report.

Posted by shortinvestor77 > 2019-10-31 10:57 | Report Abuse

AR only lists down top 30 shareholders, not top 100 or top 1000 shareholders lah.

Posted by shortinvestor77 > 2019-10-31 11:00 | Report Abuse

Possible. But better wait and see lah. Still too fast jumping into conclusion.

bahai4453 Yes received 1 billion! Afterward Viagra Tan will come out and tell you all that they're going to invest in Cambodia casino and resorts.
Bloody bullshit type of people ! Full of con story to attract people to fall into this trap.
31/10/2019 10:26 AM

Posted by Sharan8509 > 2019-10-31 11:33 | Report Abuse

At least there is some volume kicking today after so many days quiet.

Posted by gangnam > 2019-10-31 11:36 | Report Abuse

Lol...Nasi Lemak already in the pocket. Will there be drumsticks or even McD after lunch?

Posted by stahl2017 > 2019-10-31 11:42 | Report Abuse

not actively trade, jus left right hand change to create high vol.. belum sampai masa

Posted by Sharan8509 > 2019-10-31 13:32 | Report Abuse

Kospi almost close for trading and no news still? Perhaps the court case did not run at all.

Posted by skyu > 2019-10-31 13:49 | Report Abuse

I know bro, but, the 30 list with the highest stand at 5% . if add up al 30 , it stand at 62%. since we know Vincent had 85%, where is the 23% name ? unless , the 23 % all split into less than 1% stake, which doesn't make sense. the remaining penta 4 % also not listed even under nominee name. I believe indirectly, Vincent had hold more than 90%, 90% is the final threshold for mgo.

Posted by skyu > 2019-10-31 13:50 | Report Abuse

this is interesting to learn how a wolf aka scammer manipulate his own company shares. now, we all understand why berjaya has the most listed companies from bjfood, bjtoto, nauto, bmedia, bjland, bicorp, atlan, bjassest.

Posted by ivan9511 > 2019-10-31 14:20 | Report Abuse

dun die die suffer at this 20sen 21 sen Bjland
Outside many oil counters already up 100 to 300%
like recently I got earn 100% from Armada and Uzma

Posted by gangnam > 2019-10-31 14:35 | Report Abuse

Lol...u tau I tau cukup dah!...naik stengah sen sudah dapat nasi lemak..kalo turun stengah sen nanti...dapat lah peha ayam?

Posted by Leong1982 > 2019-10-31 14:41 | Report Abuse

Self pleasure again, who is so keen to buy and sell?? Hahaha

Posted by shortinvestor77 > 2019-10-31 14:45 | Report Abuse

Obviously, TSVT has started its move to acquire more and more BJLand shares until he triggered less than 15% threshold. And we see top 30 shareholders all are deemed interests by TSVT.Not only that, all foreign shareholders (should including Pent) already disappeared in the top 30 lists means he has settled the purchased price with them quietly. Yes, i agree with skyu that he could have held almost 90% shares or more already. Just waiting time to announce the GO.

Posted by stahl2017 > 2019-10-31 15:12 | Report Abuse

"Unless , the 23 % all split into less than 1% stake, which doesn't make sense. "

It's actually possible, if consider numbers of subsidiaries and nomimee account hold by Bjcorp and VT himself.... Easier for them to right hand change left hand ma

Posted by shortinvestor77 > 2019-10-31 15:23 | Report Abuse

IKAN BILIS YANG TINGGAL SEKARANG.

Posted by skyu > 2019-10-31 16:25 | Report Abuse

kakakaak, still no news from the Korea?

Posted by stahl2017 > 2019-10-31 16:43 | Report Abuse

mampui, klci up 18 pts.. Bjland still tidur

Posted by ivan9511 > 2019-10-31 17:23 | Report Abuse

what is the matter the boss buying ?
See Tropicana also same pattern how many years already you ada see Tropicana up ?
Bjland boss is the world most clever man.
His strategy is not any of us can fight one.
I prefer ytlp and genting but be honest I scare bjland boss
When he play we no underwear.
Last time still remember how low push down bjc .

Posted by William Ng > 2019-10-31 19:40 | Report Abuse

No price up...

Posted by skyu > 2019-10-31 19:52 | Report Abuse

this is anticipated. eventually the court case would be categorised as impairment, 830 million myr? with every quarter making loss, this gonna make the eps negative for many years. of course this is my guess only,

no matter how, I never buy into their court case, the sri kembangan land deal they cant even strike a deal.

still, I am buying their public spread story. with their land bank and 40% tote and the Japanese landbank, the best for them to fully utilise the cash and assets is privatise or delist with optional strategy, which I believe the shares not owned by Vincent is definitely less than 10%.

Posted by kahhoeng > 2019-10-31 20:20 | Report Abuse

no price up cause NO news, especially not a word about the Jeju court ruling!

Posted by shortinvestor77 > 2019-11-01 08:49 | Report Abuse

Wait for the new up. If good new, privatization speed will be faster.

Posted by bahai4453 > 2019-11-01 09:12 | Report Abuse

Even with news these 2 counters won't go up ! Nobody believes old fox.

Posted by bahai4453 > 2019-11-01 09:40 | Report Abuse

0.20 can't even buy a small package of Hacks candy. Hahaha..

Posted by shortinvestor77 > 2019-11-01 09:45 | Report Abuse

All ikan bilis left. Where got so much bullet to buy it up. Only can wait for VT mercy loh. Another way is to complain to Bursa to order the delisting (not now), this can make VT give General Offer faster as he will sure wanted his face.

Posted by kahhoeng > 2019-11-01 11:20 | Report Abuse

If BJLand announced earlier a court ruling on Oct 31, then it should make the announcement IMMEDIATELY if its material OR right after closing if there's a delay in court ruling, NOT blank lah! Garbage management...

Posted by Leong1982 > 2019-11-01 11:25 | Report Abuse

Ya, poor disclosure, should call the Investor Relations to complain. I'm gonna do so after lunch!

Posted by Sharan8509 > 2019-11-01 13:34 | Report Abuse

Kaakakak, don't waste your time Leong, malaysia listed companies never had the transparency and responsibility. Secondly, this company is not under the radar of all investment house, therefore, they can quickly and quietly escape any reporting.

Posted by shortinvestor77 > 2019-11-01 15:49 | Report Abuse

I support Leong. We do our part, our Way.

Posted by shortinvestor77 > 2019-11-01 15:51 | Report Abuse

It is just like after the racist conference,, a student protested against VC and ask ee him to step down for being racist. We need to do our part. The rest belakang kira.