Posted by 888STOCK888 > 2020-01-15 06:16 | Report Abuse

BJCORP vs Korea Government? Jialat lo

Posted by 888STOCK888 > 2020-01-15 06:32 | Report Abuse

Latest news in July 2019- only submit letter of intent to arbitrate...

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


The government's response organization 'launched'
Ministry of Justice, State Affairs Office, Ministry of Land, Infrastructure and Home Affairs, Ministry of Homeland, Jeju Island, 'International Investment Dispute Response Team'
2019-07-26 By Lee Seung-rock
Recreation
Recreation


Malaysian nationals have submitted a letter of intent to arbitrate the International Investment Dispute Settlement (ISDS) against the Government of the Republic of Korea regarding the Jeju Yeorae Recreational Residential Complex project. We decided to correspond.

Berjaya Land Berhad submitted a Notice of Intent to the Government of the Republic of Korea on the 17th under the Agreement on the Promotion and Protection of Korea-Malaysia Investment (BIT).

The Notice of Arbitration is a written notice by the claimant stating that he or she intends to file the arbitration.

In an arbitration intention, Berjaya agreed on the 'BIT on the Promotion and Protection of Korea-Malaysia Investment,' including the Jeju Free International City Development Center (JDC) and the Korean court unfairly treating Berjaya. Allegedly violated its investor protection obligations.

Berjaya said in a statement of arbitration that the company has suffered at least about KRW4.4 trillion (direct loss of about KRW300 billion and loss of about KRW4.1 trillion).

Berjaya was not informed in the arbitration intent of the lawsuit concerning the legality of the disposal of land to be offered by the Jeju Free International City Development Center at the time of the joint venture agreement in April 2008. The court alleged that it was damaged due to the inability to proceed with the business due to the Supreme Court's decision to cancel the acceptance settlement.

When formal mediations are filed, things get complicated. If the dispute is not resolved, the case shall be referred to arbitration. Regardless of the ongoing lawsuit, it is possible and our government cannot refuse it.

Arbitral awards are limited to the financial loss of the investor, the applicable interest and recovery of property. Once the arbitral award is concluded, it has its own strength. The petition itself is impossible, so it is impossible.

The government plans to actively respond by forming a joint response system by forming the 'International Investment Dispute Response Team (Director of the Ministry of Justice), which includes the Ministry of Land, Infrastructure and Transport, the Ministry of Strategy and Finance, the Ministry of Strategy and Finance, the Ministry of Foreign Affairs, the Ministry of Trade, Industry and Energy, and Jeju Island. .

The arbitration proceedings and disputes will be undertaken by the Ministry of Justice's International Legal Affairs Department, the General Affairs Division will be in charge of the BIT, and the Ministry of Land, Infrastructure and Transport will be in charge of the Jeju Island Development Project.

Yerae Recreational Residential Complex Project is a large-scale tourism development complex where Berjaya Jeju Resort invests 2.5 trillion won from 2008 to 2017 on the 74,1193㎡ site of Yerae-dong, Seogwipo-si.

The Supreme Court hit a turning point in March 2015, judging the JDC's land acceptance decision on the business site. The business ran into a wall when the court interpreted the defect as clear until the disposal of the business.

Among the 9 phases of the project, from March 2013, the construction of the 149 households of Gotjawal Village with a total area of ​​39,9448㎡ on the business site was completed.

When the issue of land acceptance and the licensing process arose, Berjaya filed a lawsuit against the JDC on November 6, 2015, demanding an astronomical compensation of 350 billion won.

© Sound of Jeju

Posted by kasinathan > 2020-01-16 09:21 | Report Abuse

To retest year low 15 cents soon when the big impairment written off in line with the quarterly announcement.

Hopeless stock

Posted by kahhoeng > 2020-01-16 09:46 | Report Abuse

Dear Lydia,

Thank for your reply. May I know if the news reported to the link I included in the last email has merits? The details seem differ from what was presented in the quarterly reports. I notice the news when visiting an investment portal. Quite frankly, I was shocked initially and sincerely hope BJCorp can clarify if the news is valid.

Best regards,

On Thursday, January 16, 2020, 09:18:14 AM GMT+8, Berjaya. com. my-Media <media@berjaya.com.my> wrote:


Thank you for your email.

The Jeju Lawsuit brought against JDC has not been concluded yet. As mentioned earlier, the Court has postponed the delivery of judgement to 6 February 2020.
Again, Berjaya Land Berhad, being a public listed company, would have made an announcement, if the Jeju Lawsuit had been concluded.



Regards,

Lydia

Posted by bahai4453 > 2020-01-16 10:04 | Report Abuse

Watching VT wayang kulit for the final episode. hahaha,

Posted by shortinvestor77 > 2020-01-16 11:03 | Report Abuse

No logic to postpone. Verify if the new is true first.

Posted by stockraider > 2020-01-16 11:12 | Report Abuse

Postpone bcos the case at the midst of outside settlement this is a goodwill gesture by bjland to response to jdc request mah....!!

Posted by wantanmi > Jan 16, 2020 10:20 AM | Report Abuse

Right! the beautiful part is that Berjaya requested Korean Court to postpone delivery of judgement to 6 February for what?


Posted by shortinvestor77 > Jan 16, 2020 11:03 AM | Report Abuse

No logic to postpone. Verify if the new is true first.

Posted by 888STOCK888 > 2020-01-16 11:22 | Report Abuse

Game over?

Posted by 888STOCK888 > 2020-01-16 11:37 | Report Abuse

What happens if BJCORP lose the case?

Posted by chesslim > 2020-01-16 11:45 | Report Abuse

BJLAND will take over in year 2020.

Posted by 888STOCK888 > 2020-01-17 05:39 | Report Abuse

Need Tun to help lo

Posted by 888STOCK888 > 2020-01-17 12:07 | Report Abuse

Is this a self generate analysis report?

https://simplywall.st/stocks/my/consumer-services/klse-bjland/berjaya-land-berhad-shares/news/does-berjaya-land-berhads-klsebjland-statutory-profit-adequately-reflect-its-underlying-profit/

Posted by DickyMe > 2020-01-17 12:08 |

Post removed.Why?

Posted by stockraider > 2020-01-17 12:10 | Report Abuse

No way Bland will lose the case loh....!!

It is a matter of how much compensation as the case already won loh...!

A lower than expected compensation is consider a failure and within expected award is consider a winner for bland loh...!!

Posted by 888STOCK888 > 2020-01-17 13:27 | Report Abuse

Huh? Any news source about the court case won?
ALL previous Korea news published were the court dismissed the claim...

Posted by stockraider > 2020-01-17 15:52 | Report Abuse

Already disclose in the annual report the Jeju district lost their case, in fact they already paid some monies to bland mah...!!

This court case is to argue how much is the fair compensation and not who is right or wrong....bcos this is already settle loh...!!

Posted by 888STOCK888 > Jan 17, 2020 1:27 PM | Report Abuse

Huh? Any news source about the court case won?
ALL previous Korea news published were the court dismissed the claim...

Posted by 888STOCK888 > 2020-01-17 16:06 | Report Abuse

If it is real then BJLAND and BJCORP will be in TOP 3 of the TOP GAINERS lo

Posted by stockraider > 2020-01-17 16:11 | Report Abuse

It is real just that mkt is very pessimistic of bland and bcorp now loh...!!

Remember when NOTION factory was burned in 2017, no matter what good news of insurance claims the price of notion share still remain depressed.

bcorp are suffering on huge negative pessimism n it need many positive good news to reverse this scenario loh....!!

posted by 888STOCK888 > Jan 17, 2020 4:06 PM | Report Abuse

If it is real then BJLAND and BJCORP will be in TOP 3 of the TOP GAINERS lo

Posted by 888STOCK888 > 2020-01-17 16:32 | Report Abuse

If compensation close to RM1Bil share price no move... Then really Dalailama lo

Posted by stockraider > 2020-01-17 16:36 | Report Abuse

I think target is Rm 350m to Rm 1 billion loh....!!

But u need to note Bland and bcorp has debt to settle when compensation flow in....!!

Posted by 888STOCK888 > Jan 17, 2020 4:32 PM | Report Abuse

If compensation close to RM1Bil share price no move... Then really Dalailama lo

Posted by leek > 2020-01-19 15:30 | Report Abuse

2020 IS GOING TO BE A GREAT & WONDERFUL YEAR FOR BJCORP AND BJLAND!!!

TP1.00 FOR BOTH!!!

BUY LOW SELL HIGH~!

HENG AH~!~!
ONG AH~!~!
HUAT AH~!~!

Posted by William Ng > 2020-01-20 10:54 | Report Abuse

Gg, drop

Posted by Hidup_Anwar > 2020-01-20 15:21 | Report Abuse

Nobody incl VT think Tun PM the problem for 18 sen BJ Land?

Posted by 888STOCK888 > 2020-01-20 15:29 | Report Abuse

Small shareholders cash out for CNY?

Posted by kahhoeng > 2020-01-20 16:21 | Report Abuse

VT n his board the problem for 18 sen BJ Land...

Posted by kahhoeng > 2020-01-20 16:23 | Report Abuse

Lack of clarity, BJCorp buying ONLY Penta's stake, but nobody else, NO dividend despite ability to add over RM 200 million asset after disposing over RM 200 million worth of hotel.

Posted by kahhoeng > 2020-01-20 16:24 | Report Abuse

failure to update minorities over China, Jeju and Sungai Besi disputes...

Posted by kahhoeng > 2020-01-20 16:49 | Report Abuse

SC and BURSA are also part of the problem for not defending minorities by allowing the Penta's deal to go through without a similar deal extended to minorities...

Posted by Eddysurge > 2020-01-20 17:04 | Report Abuse

They want your shares as cheap as possible. Uncle, aunties, brother,sister,taukey ah! Please let go your shares , otherwise you will see more bottom ohhh lohh. This is the press down call lohhh.

Posted by Eddysurge > 2020-01-20 17:14 | Report Abuse

Buy loh if you want,. You will caught ,stuck, trapped, yell for mercy . No one care about you.. Mtouche also better than here. Why loh??

Posted by Eddysurge > 2020-01-20 17:31 | Report Abuse

Future, how to face minority if there's got uptrend loh?? What the excuse for uptrend if there is no more faith credit.

Posted by Eddysurge > 2020-01-20 17:34 | Report Abuse

Push you own loh! Or acted privatise loh...

Posted by Eddysurge > 2020-01-20 17:38 | Report Abuse

Change name or re-listed using better name loh...

Posted by Eddysurge > 2020-01-20 21:44 | Report Abuse

Use restructure as e excuse loh, bjcorp,bjland & bjland all reach overvalued by shares volumes reach 5000 millions shares, heavy like elephants. Then, can find which listed company easier do the same, followed by market price drops to penny's stocks seem no demand due to profit less and directions gone.

Posted by firehawk > 2020-01-20 21:52 | Report Abuse

vt successfully cheated small holders by spreading privatization rumour last year ....

Posted by shortinvestor77 > 2020-01-20 22:27 | Report Abuse

All of you must sell first, then we decide. No shares get out of this forum

Posted by shortinvestor77 > 2020-01-20 22:28 | Report Abuse

Don't waste time and energy here.

Posted by 888STOCK888 > 2020-01-21 03:54 | Report Abuse

Got money to privatise after winning the court case

Posted by leek > 2020-01-21 04:21 | Report Abuse

SAPU BJCORP AND BJLAND. IF SCARED WITH BJLAND THEN SAPU BJCORP.

BILLIONS COMING TO BJCORP IN 2020!!!

Posted by shortinvestor77 > 2020-01-21 08:49 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3017438

Posted by leek > 2020-01-21 08:59 | Report Abuse

BUY AT 0.18...HUATT LIAO

Posted by 888STOCK888 > 2020-01-21 09:00 | Report Abuse

18cents? AhSeng selling price

Posted by shortinvestor77 > 2020-01-21 09:12 | Report Abuse

10 lots sold at 18 cents. Come on. Sell 10 mil lots lah.

Posted by leek > 2020-01-21 09:19 | Report Abuse

ONLY ONE GUY CAN SELL WITH THE VOLUME.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3017438

THIS ROUND CAN GET 0.15 OR LOWER???

Posted by bahai4453 > 2020-01-21 09:29 | Report Abuse

Hahahaha...push further down to 0.18 cents. One of the worst properties market performer ! Purchased foreign hotels and resorts internationally but still remained as one of the most lousy counter in Bursa.

Posted by sailang_now > 2020-01-21 09:50 | Report Abuse

Has been waiting at 15 sens till neck long already :(

Posted by shortinvestor77 > 2020-01-21 14:33 | Report Abuse

Me at 0.5 cents. Longer. Wait lah.

Posted by 888STOCK888 > 2020-01-21 17:00 | Report Abuse

DLLM. Dalailama

Posted by Jeffreyteck > 2020-01-23 11:36 | Report Abuse

Est trading range 0.165_0.225.

Posted by Eddysurge > 2020-01-23 15:56 | Report Abuse

There's no higher market price. Only selling price 0175-0.18 cent. Or waiting tsvt offer price when he's noted.