Posted by lwyy60 > 2020-01-09 22:02 | Report Abuse

lolz, nvr realise i still have portion here and average abit lolzz, Good luck all.

Posted by Leong1982 > 2020-01-10 12:54 | Report Abuse

Jeju Court case masuk longkang already?
Berjaya Land lost USD200 Mil in Jeju?
Is this what BJLand IR wanna tell us?

VT should fire BJLand IR manager and company secretary, they are dreaming not doing their job!

Posted by bahai4453 > 2020-01-10 14:25 | Report Abuse

DLLM company !

Posted by shortinvestor77 > 2020-01-10 14:44 | Report Abuse

Focus on Okinawa also.

Posted by Eddysurge > 2020-01-10 15:07 | Report Abuse

What's Okinawa offer's short term? ?? When the overseas projects previously unknown or gone without any profits to minority.

Posted by Paulnga > 2020-01-10 15:09 | Report Abuse

Jeju still no news?

Posted by Eddysurge > 2020-01-10 15:09 | Report Abuse

Maybe Okinawa want to cut pieces by pieces..

Posted by Eddysurge > 2020-01-10 16:41 | Report Abuse

Frankly speaking, really want to know what Jeju case is all about? What's the judgement find out, no only from money perspective.

Posted by kahhoeng > 2020-01-10 16:57 | Report Abuse

Thank you for your email.

I will revert once I receive feedback from the person-in-charge.


Thank you and kind regards,
Lydia


To: "Berjaya.com.my-Media" <media@berjaya.com.my>
Subject: Berjaya Jeju Court Ruling

Dear Lydia,

I'm a minority shareholder of both Berjaya Corp and Berjaya Land. In its latest quarterly report, Berjaya Corp has mentioned about court ruling on Jeju case falls on Jan 09 as follow:

At the formal hearing, held on 25 July 2019, the presiding judge requested BJR to submit
evidentiary evidence with respect to the total claims by BJR and fixed 19 September 2019 as the
next hearing date. On 19 September 2019, the presiding judge fixed 31 October 2019 as the final
hearing before the court decides on the JDC Lawsuit. The final hearing was subsequently re-set to
25 November 2019. The court has fixed 9 January 2020 for the delivery of the judgment.

Unfortunately, minorities have not been updated accordingly. Would appreciate feedback from you will be much appreciated, and would offer much comfort to minorities if an announcement be made.

Thank you for your attention.


Best regards,

Posted by 888STOCK888 > 2020-01-10 19:07 | Report Abuse

Thanks Kahhoeng

Posted by William Ng > 2020-01-10 19:09 | Report Abuse

If price up then got good news

Posted by 888STOCK888 > 2020-01-10 20:21 | Report Abuse

http://www.moj.go.kr/moj/221/subview.do?enc=Zm5jdDF8QEB8JTJGYmJzJTJGbW9qJTJGMTgyJTJGNTA0MDI0JTJGYXJ0Y2xWaWV3LmRvJTNGcGFzc3dvcmQlM0QlMjZyZ3NCZ25kZVN0ciUzRCUyNmJic0NsU2VxJTNEJTI2cmdzRW5kZGVTdHIlM0QlMjZpc1ZpZXdNaW5lJTNEZmFsc2UlMjZwYWdlJTNEMSUyNmJic09wZW5XcmRTZXElM0QlMjZzcmNoQ29sdW1uJTNEJTI2c3JjaFdyZCUzRCUyNg%3D%3D

Posted by Eddysurge > 2020-01-10 21:34 | Report Abuse

Jeju case didn't get coverage from local analyst and newspapers reported, plus bursa noticed a bit unusual. This is big money involved bjland or bjcorp financial faith.

Posted by Eddysurge > 2020-01-10 21:37 | Report Abuse

How much millions or billion killing both ?

Posted by Eddysurge > 2020-01-10 21:49 | Report Abuse

Remembered VT said to media, bjland still no in loss at Jeju case.

Posted by Eddysurge > 2020-01-11 13:01 | Report Abuse

Actually I a bit fedup with Malaysia esp Bursa. When Malaysia keen to let IPO listing with huge billion share like Mr DIY , Uncle Don etc. Promise to share 40% profits to investors, but when you look back at bjland case. You feels like different story after all.

Posted by Eddysurge > 2020-01-11 13:03 | Report Abuse

How to let umobile listing when the boss holding companies all ugly look like?

Posted by Eddysurge > 2020-01-11 13:26 | Report Abuse

IRD or MACC, when fund raising activity at locally, but loss at oversea. You actually loss Malaysia money to abroad.

Posted by roundcateye > 2020-01-13 12:32 | Report Abuse

News on 2019 April. Why no announcement is being made at that time.
http://www.ijejutoday.com/news/articleView.html?idxno=214561

Posted by roundcateye > 2020-01-13 12:36 | Report Abuse

My understanding based on the news is the ruling at the district court already being made on 18 January 2019.

Posted by roundcateye > 2020-01-13 12:37 | Report Abuse

Bjland needs to give explanation.

Posted by 888STOCK888 > 2020-01-13 12:56 | Report Abuse

DLLM lo... Dalailama lo...

Posted by 888STOCK888 > 2020-01-13 13:29 | Report Abuse

http://www.jejusori.net/news/articleView.html?idxno=305271

Did BJLAND lie? It's just a Letter of Intent to the Korea Government? DLLM

Posted by 888STOCK888 > 2020-01-13 13:30 | Report Abuse

No court case at all?

Posted by kahhoeng > 2020-01-13 14:38 | Report Abuse

I think there's a court case, otherwise it won't be reported in bjcorp annual and quarterly reports. Though, bjcorp has failed to update minorities despite stating that 'important' date in the latest report. Let's see what bjcorp's Lydia has to say in her reply to my e-mail...

Posted by Paulnga > 2020-01-13 15:51 | Report Abuse

Very fishy counter, very secretive management!

Posted by 888STOCK888 > 2020-01-13 15:55 | Report Abuse

https://www.theedgemarkets.com/article/malaysias-shadow-economy-21-gdp-%E2%80%94-lim#.XhwZFTfx7w0.facebook

Time to Legalise sports gambling...

Posted by kahhoeng > 2020-01-13 17:12 | Report Abuse

the sports gaming license is held by BJCorp, not BJLand or BJToto...

Posted by kjyang > 2020-01-13 19:25 | Report Abuse

New government,
New owner

Posted by kahhoeng > 2020-01-13 20:13 | Report Abuse

Received reply today, as follow:


Your email below refers.
Regarding the JDC Lawsuit, the court has postponed the delivery of judgement from 9 January 2020 to 6 February 2020.

Berjaya Land would have made an immediate announcement had it received the judgement on 9 January 2020.

Berjaya Land will report the status of its material litigations in its quarterly unaudited interim results if there is no significant change to the litigations.



Kind regards,

Lydia

Posted by kahhoeng > 2020-01-13 20:16 | Report Abuse

I have replied while seeking to verify the news posted here earlier, as follow:


Dear Lydia,

Since BJCorp has mentioned a delivery of judgment on Jan 09, a delay is considered significant to minorities if there's no follow-up provided. Please be considerate! We're not sitting in the board or holding any management role in BJCorp or BJLand.

Meanwhile, a news reported in http://www.ijejutoday.com/news/articleView.html?idxno=214561

have suggested BJCorp had lost in its claim in Jeju case, against what's pictured in the quarterly report. Would you kindly verify if the claims in the news valid, and how's it differ from what's presented to minorities in the quarterly reports?

Thanks.


Best regards,

Posted by shortinvestor77 > 2020-01-13 21:06 | Report Abuse

2019 April new?

Posted by kahhoeng > 2020-01-13 23:41 | Report Abuse

yeah, which is why I am so surprised, cause the content is totally different from what's presented in the quarterly reports...

Posted by roundcateye > 2020-01-14 06:53 | Report Abuse

http://www.jejusori.net/news/articleView.html?idxno=302477

Posted by shortinvestor77 > 2020-01-14 08:26 | Report Abuse

Translated as:
The Malaysian Berjaya Group, who lost in a lawsuit for damages to the former recreational residential complex against Jeju Island, appealed.

Berjaya Jeju Resort (BJR) has recently filed an appeal with the Seoul Central District Court for the loss of the 200 million won damages filed against Jeju Island.

On March 20, 2015, Berjaya decided that the Supreme Court would invalidate the disposal of land-based recreational residential complexes and land acceptance.

Subsequently, Jeju and Seogwipo City, which are license disposal agencies, were also responsible, and filed an additional lawsuit on March 19, 2018, one day before the expiration of the claim (March 20, 2018).

In a first trial against Jeju Island, the court ruled that the plaintiffs did not believe that the defendant violated the Burjaya side in violation of the objective duty of attention.

It was judged that Jeju Island did not grant the permit even though it found that the recreational residential complex does not correspond to an amusement park, which is an infrastructure under the National Land Planning Act.

A trial of 350 billion won against JDC has been under trial for four years. The Tribunal visited Jeju in November 2016 and conducted on-site verification, but it has not been able to resume pleadings until now due to land appraisal.

Originally, Berjaya had invested 2.5 trillion won in Yerae-dong, Seogwipo-si by 2017 to create a high-end residential complex. Since July 2015, due to financial difficulties, the construction was completely suspended.

As the Supreme Court found that land acceptance was invalid, about 200 original landowners also filed a lawsuit to return land to JDC. The litigation is equivalent to 480,000㎡, which is 65% of the 74,1192㎡ of business sites.

Copyright © Jeju Sound of All Rights Reserved.

Posted by shortinvestor77 > 2020-01-14 08:32 | Report Abuse

Let's wait and see. Pray for the best.

Posted by Eddysurge > 2020-01-14 08:35 | Report Abuse

Entertainment theme & amusement park actually sounds no different. But casino such big issue, they're both know or one side simply add in. Judgment is ok. Now, the JDC and bjjland dispute. Anyone have opinion?

Posted by shortinvestor77 > 2020-01-14 08:37 | Report Abuse

On 13 September 2017, Jeju District Court rendered a judgement against JDC and Seogwipo City in the
Administrative Lawsuit. The judgement rendered all of the development approvals issued in connection with
the Jeju Project null and void. JDC and Seogwipo City have filed an appeal against the Administrative Lawsuit
judgement. On 1 February 2019, the Korean Supreme Court dismissed JDC and Seogwipo City's appeal.

Posted by shortinvestor77 > 2020-01-14 08:38 | Report Abuse

In view of the nullification of all the development approvals issued in connection with the Jeju Project, BJR
made an application to the court in the JDC Lawsuit for a supplementary land price appraisal report, to be
prepared with respect to the Jeju Project site subject to a revised assumption that no development approval
had been issued on the Jeju Project site. In February 2018, the presiding judge in the JDC Lawsuit was
re-assigned to another court, and another judge was appointed as the new presiding judge in the JDC Lawsuit.

Posted by shortinvestor77 > 2020-01-14 08:40 | Report Abuse

In July 2018, BJR made an application to the court in the JDC Lawsuit to conduct a second supplementary
land price appraisal report, as BJR was dissatisfied with the first supplementary land appraisal report which
was based on disputable land reference. The court in the JDC Lawsuit granted BJR's application to conduct
a second supplementary appraisal, to be undertaken by a different appraiser. The second supplementary land
price appraisal report has been completed and a preparatory hearing was held on 20 June 2019. The presiding
judge closed the preparatory proceedings for pleading and stated that the formal hearing will commence on
25 July 2019.
At the formal hearing held on 25 July 2019, the presiding judge requested BJR to submit evidentiary evidence
with respect to the total claims by BJR and fixed 19 September 2019 as the next hearing date. On 19 September
2019, the presiding judge fixed 31 October 2019 as the final hearing before the court decides on the JDC Lawsuit.
The final hearing was subsequently re-set to 25 November 2019.

Posted by shortinvestor77 > 2020-01-14 08:49 | Report Abuse

The final hearing was subsequently re-set to
25 November 2019. The court has fixed 9 January 2020 for the delivery of the judgment.

Posted by shortinvestor77 > 2020-01-14 08:50 | Report Abuse

The court has postponed it to 6 Feb, 2020 for delivery of judgement.

Posted by shortinvestor77 > 2020-01-14 08:59 | Report Abuse

The history:
https://www.transnational-dispute-management.com/legal-and-regulatory-detail.asp?key=22385

Posted by shortinvestor77 > 2020-01-14 09:05 | Report Abuse

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

Posted by 888STOCK888 > 2020-01-14 12:16 | Report Abuse

http://www.ijejutoday.com/news/articleView.html?idxno=214561

Thanks Kahhoeng...

Google translated the Korean news


Jeju Island wins damages between Jeju Island and Berjaya Group
By Kim Kwan-mo 2019.04.18 16:01 Comments 0Facebook
Twitter
Cacao story
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Writing
The Seoul Central District Court Berjaya Jeju Resort dismissed claims
seem to have affected 3,500 one hundred million won lawsuit against JDC
Jeju Island prevailed after a lawsuit for compensation for damages with the Berjaya Group in Malaysia regarding the suspension of the construction of Yeorae Recreational Residential Complex. The settlement of one of the biggest issues, the resolution, will also affect JDC's litigation.


Bird's-Eye View of Recreational Residential Complex that Berjaya Resort has promoted
The Seoul Central District Court's 33-party civil affairs dismissed a claim for damages against Jeju Island on January 18 by Berjaya Jeju Resort (BJR), a Jeju corporation of the Malaysian Berjaya Group.

The Tribunal dismissed the plaintiff's claim for Berjaya Jeju Resort and ruling the plaintiff to pay the litigation costs.

On March 20, 2015, the Supreme Court judged that the land reclamation complex of the traditional recreational residential complex was invalid and was found to be an illegal administrative disposition due to intentional negligence of public officials.

As a result, BJR, which was a business operator, suffered damages in the amount invested, such as construction cost, and Berjaya Jeju Resort filed a claim of 350 billion won against JDC on November 6, 2015.

In addition, on March 19 of last year, it claimed that Jeju Island and JDC were responsible for the suspension of the construction of the Yerae-dong complex and filed a claim for damages of 210 million won to Jeju Island. JDC has filed a lawsuit of $ 350 billion in damages.

Meanwhile, the Yerae-gu recreational complex development project will invest 2.5 trillion won by 2017, with a land of 74,193㎡ in Yerae-dong, Seogwipo-si, casino town, spa resort, landmark with condominium, 5-star hotel, shopping center, etc. The plan is to build a tower, medical center, spa auditorium and museum. The project has been suspended since July 2015 since it started in 2013.

Posted by 888STOCK888 > 2020-01-14 12:16 | Report Abuse

DLLM... Dalailama lo... Korea Government bully MNC...

Posted by Eddysurge > 2020-01-14 13:34 | Report Abuse

Anyone know the evaluation of Jeju land at annual report?

Posted by 888STOCK888 > 2020-01-14 15:15 | Report Abuse

Dear sifus,

Do anyone know if BJLAND has write down the losses of their BJJEJU project in the last few years financial?

Genting Jeju sold to Landing International Ltd back in 2015/2016 now the company is suffering in revenue....

https://www.asgam.com/index.php/2019/09/01/jeju-gaming-decline-sees-landing-international-fall-into-loss-in-1h19-2/

Posted by kahhoeng > 2020-01-14 21:49 | Report Abuse

Err... It's actually roundcateye that posted the link first. I raised the content of the article to bjcorp merely because they're off by too much and got me worried...

Posted by wantanmi > 2020-01-14 23:34 | Report Abuse

In case u dunno..subsequent 2 article published in 18 April 2019. Here's the follow up article on 7 May 2019 Anyway this case refers only to the 200 million won (RM700,000) damages filed against Jeju Island and not the 350 Billion won (RM1..23Billoin) case mentioned in BJLand report to be decided on 6 Feb. 2020?

Appeal of Berjaya Resort to Lose Damage
By Kim Jung Ho ( newss@hanmail.net ) Approval 2019.05.07 09:55

The Malaysian Berjaya Group, who lost in a lawsuit for damages to the former recreational residential complex against Jeju Island, appealed.

Berjaya Jeju Resort (BJR) has recently filed an appeal with the Seoul Central District Court for the loss of the 200 million won damages filed against Jeju Island.

On March 20, 2015, Berjaya decided that the Supreme Court would invalidate the disposal of land-based recreational residential complexes and land acceptance.

Subsequently, Jeju and Seogwipo City, which are license disposal agencies, were also responsible, and filed an additional lawsuit on March 19, 2018, one day before the expiration of the claim (March 20, 2018).

In a first trial against Jeju Island, the court ruled that the plaintiffs did not believe that the defendant violated the Burjaya side in violation of the objective duty of attention.

It was judged that Jeju Island did not grant the permit even though it found that the recreational residential complex does not correspond to an amusement park, which is an infrastructure under the National Land Planning Act.

A trial of 350 billion won against JDC has been under trial for four years. The Tribunal visited Jeju in November 2016 and conducted on-site verification, but it has not been able to resume pleadings until now due to land appraisal.

Originally, Berjaya had invested 2.5 trillion won in Yerae-dong, Seogwipo-si by 2017 to create a high-end residential complex. Since July 2015, due to financial difficulties, the construction was completely suspended.

As the Supreme Court found that land acceptance was invalid, about 200 original landowners also filed a lawsuit to return land to JDC. The litigation is equivalent to 480,000㎡, which is 65% of the 74,1192㎡ of business sites.

Copyright © Jeju Sound of All Rights Reserved.
By Kim Jung-ho

http://www.jejusori.net/news/articleView.html?idxno=302477