Posted by Eddysurge > 2020-02-07 10:05 | Report Abuse

Morning, I think you should study who's the buyer, maybe kasinathan.

Posted by DickyMe2 > 2020-02-07 10:05 |

Post removed.Why?

Posted by Eddysurge > 2020-02-07 11:45 | Report Abuse

Buyer & Seller concept. Who's the buyers & who's the sellers? The seller is bjcorp , the buyer is appointed banker. The price no moving, why? Hopping the minority sell their stake.

Posted by kasinathan > 2020-02-07 12:05 | Report Abuse

I will be a potential buyer when price touch below 15 cents

Posted by sailang_now > 2020-02-07 12:25 | Report Abuse

Me too!:as neck very long already :(

Posted by Leong1982 > 2020-02-07 13:06 | Report Abuse

me too, waiting at 0.05

Posted by Eddysurge > 2020-02-07 13:38 | Report Abuse

Me too, waiting 0.01

Posted by wantanmi > 2020-02-07 15:02 | Report Abuse

VT also waiting too?
https://www.klsescreener.com/v2/announcements/view/3097018

Posted by Eddysurge > 2020-02-07 15:49 | Report Abuse

You know why he keeps waiting? Many here know but keeping silent.

Posted by kahhoeng > 2020-02-07 17:44 | Report Abuse

I don't, mind sharing? somehow felt VT can't attract any fund buying yet not willing to share...

Posted by Royce Chan > 2020-02-07 19:09 | Report Abuse

Finally there's one announcement

Posted by Eddysurge > 2020-02-07 19:10 | Report Abuse

The immediate person know. kasinathan or sailang_now may have idea,. That why they wanted 0.15 cent.

Posted by BaybieShark > 2020-02-07 19:20 | Report Abuse

Postivie announcements

Posted by William Ng > 2020-02-07 19:31 | Report Abuse

same old story... nothing new...

Posted by Jeffreyteck > 2020-02-07 22:18 | Report Abuse

Berjaya Land signs CA to start RM3bil real estate project in Myanmar... with cash balance of 725 million, ummmm... Don't hope for good dividend. Only good at best for trading.

Posted by gsi723 > 2020-02-08 10:15 | Report Abuse

all the good deal hardly benefit minority shareholders.... tauke sapu all goodies..

Posted by roundcateye > 2020-02-08 18:24 | Report Abuse

Hope that ISDS arbitration would have a favorable result. In the 2019 financial report, RM584mil is placed as receivable (pg 97). Independent auditor report has raised concern whether the money can be recovered. According to the news (https://www.thesundaily.my/business/bcorp-we-didn-t-lose-us-200m-in-jeju-project-DJ685014), BJCorp seeks for USD$350mil in compensation, against the lost of 4.1 Trillion Won (about RM14Bil). If losing the case in ISDS, the next (and could be the last) step would be filing at ICSID. BJland should have released the verdict on 6 Feb 2020, but there is no any news being released. Failing to do so is already violating the Bursa policy. Similarly, no news available on Internet.

Posted by Paulnga > 2020-02-09 00:02 | Report Abuse

Secretive counter???

Posted by wantanmi > 2020-02-09 11:42 | Report Abuse

VT's Secret?? Short term loan rebalancing & assets acquisition in progress?? Anyway Road2 Billionaire already in sight??

Posted by Royce Chan > 2020-02-09 14:24 | Report Abuse

Can complain to MSWG?

Posted by stockraider > 2020-02-09 14:44 | Report Abuse

SUBSEQUENTLY SOME MONIES ESPECIALLY THE CAPITAL PART HAD BEEN RETURN TO BJC, BUT BJC IS SUING FOR COMPENSATION FOR COST SPEND AND LOST OF OPPORTUNITY AND EFFORF & TIME SPEND LOH...!!

BCorp: We didn’t lose US$200m in Jeju project

14 MAR 2019 / 20:47 H.

BCorp: We didn’t lose US$200m in Jeju project
PETALING JAYA: Berjaya Corp Bhd (BCorp) has clarified that the US$200 million (RM817.4 million) invested on the property and resort development project in Jeju, South Korea, does not represent a loss suffered by the company.

“We had stated that Berjaya has invested in excess of US$200 million on our property and resort development project in Jeju, South Korea. Certain quarters have construed this statement to mean that the group has suffered a loss of US$200 million on this project. This is totally misconceived and misunderstood,” it said in a statement today.

According to BCorp, the sum in excess of US$200 million invested by the group on the Jeju project comprises cost of acquisition of the project land, infrastructure and construction costs, professional fees and statutory contributions plus finance costs and other incidental expenditure.

“This amount invested does not represent a loss suffered by the company,” it added.

The Jeju project was undertaken by Berjaya Jeju Resort Ltd (BJR), a subsidiary of Berjaya Land Bhd which is a listed subsidiary of BCorp. BJR was the master developer of the Jeju project.

BJR has commenced a lawsuit against Jeju Free International City Development Centre (JDC), a wholly owned institution under the Ministry of Land, Infrastructure and Transport of the Korean Government to claim compensation to recover its investment in the amount of about US$350 million in respect of, inter alia, costs incurred, increase in land value of the project land and other reliefs.

“The lawsuit against JDC arises from the sale of the project land by JDC to BJR which was subsequently terminated after the Korean Supreme Court ruled that the expropriation process in respect of certain parcels within the project land was invalid and hence such land parcels had to be returned to the previous landowners,” the group said.

It said that the JDC had contracted to transfer the project land to BJR with clean title, which resulted in BJR having to abort the project and subsequently instituted the lawsuit to claim compensation against JDC.

The lawsuit against JDC is ongoing and the group’s Korean lawyers have opined that BJR has a good chance of success in its lawsuit against JDC. The group is confident that it will prevail in its lawsuit against JDC and succeed in recovering the claimed compensation of US$350 million.

Posted by Eddysurge > 2020-02-09 14:47 | Report Abuse

As I say and bahai mentioned, don't bother it. Just observe and comments necessary. Up considered bonus, down let's it die peacefully.

Posted by Eddysurge > 2020-02-09 14:49 | Report Abuse

This is secrecy counter.

Posted by Eddysurge > 2020-02-09 14:57 | Report Abuse

Many mega projects and assets involved, but profit less and brainless to minority.. Semua sapu habis, modal pun spay. Minority, please invest carefully, otherwise next round shares price will down gradually...

Posted by Eddysurge > 2020-02-09 15:03 | Report Abuse

Aiyoyo, bjc no much better, only 23.5 cent. Some more, have to issues extra shares to bought bjland shares.

Posted by Eddysurge > 2020-02-09 15:11 | Report Abuse

When asked about 7-11, why you want caring.if no merging. How the answer?? 1 board or 2 board better.

Posted by Jeffreyteck > 2020-02-09 15:14 | Report Abuse

Two bod is certainly better as all of them can withdraw more. Haha. Luckily I'm no vt, otherwise 0.10.

Posted by bahai4453 > 2020-02-10 09:22 | Report Abuse

If you're long enough watching this counter you will understand how VT's playing his games. Just relax and get it done on Rm 0.18 to 0.20 and watch the fun. This is a million dollars counter as you can only gain by playing a million shares here.

Posted by kahhoeng > 2020-02-10 10:00 | Report Abuse

err... more like no fund manager cares about VT counters already, announcing over 3 billion project only got 1.8 million shares traded so far.

Posted by wantanmi > 2020-02-10 10:30 | Report Abuse

That's why the main target is to squeeze out the speculators and weak holders before the good news is out? In a sea of red, BJ counters will buck the trend as all time low, also VT already rebalanced the short term loans & provided for the required impairments much earlier

Posted by kahhoeng > 2020-02-10 10:50 | Report Abuse

squeezing out speculators, still got speculators at 0.18? Shocking...

Posted by wantanmi > 2020-02-10 11:14 | Report Abuse

More like value investors in a bear market? Even VT is waiting to buy at current price?

https://www.investopedia.com/articles/professionals/072415/value-or-growth-stocks-which-best.asp

Posted by Eddysurge > 2020-02-10 11:15 | Report Abuse

wantanmi, why using ? symbol .

Posted by Eddysurge > 2020-02-10 11:33 | Report Abuse

VT is the cause bjland fell at current price. Market at bear, no doubt. But if you keen to know, you should study history.

Posted by wantanmi > 2020-02-10 11:35 | Report Abuse

Man proposes but God disposes? That's why...

https://www.quora.com/What-does-this-mean-Man-proposes-but-God-disposes

Posted by Eddysurge > 2020-02-10 12:08 | Report Abuse

Don't start tesis . Otherwise you can't even govern over small things.

Posted by leek > 2020-02-10 15:27 | Report Abuse

BETTER BUY BJCORP

Posted by JeffreyTing > 2020-02-11 07:59 | Report Abuse

Kahheong,
http://www.jejusori.net/news/articleView.html?idxno=311516
Use google chrome to translate it.

Posted by kahhoeng > 2020-02-11 08:18 | Report Abuse

Jeffrey Ting, thanks!

http://www.jejusori.net/news/articleView.html?idxno=311516' target='_blank'>http://www.jejusori.net/news/articleView.html?idxno=311516

It is drawing attention that Berjaya Jeju Resort Co., Ltd. filed a claim of KRW 320 billion against Jeju Free International City Development Center (JDC) in five years.

The 21st Civil Affairs Department of the Seoul Central District Court postponed the deadline for Berjaya's claim for damages scheduled for six days and began preparing for a reconciliation procedure.

Prior to the date of the sentence, the court announced that both sides were willing to make adjustments.

It was reported that a full delay was postponed as the law firm Square, which acted for the defense of JDC, and the Pacific Ocean law firm on Berjaya's side formed a consensus on further business negotiations.

The Tribunal plans to close the case through a forced reconciliation procedure based on the agreement between the two sides. The precondition is that adjustments should be made in a way that both sides can accept.

If either party disagrees with the forced reconciliation decision, they will have to go to court again. Compulsory mediation will be effective if the decision is not filed within two weeks of service.

Berjaya argued that the JDC failed to provide information on landowners' lawsuits in the process of signing a land sales contract on March 30, 2009, resulting in procedural defects.

In 2007, 22 years before land ownership, 22 of the landlords who had been granted land filed a lawsuit against the Jeju Provincial Land Acceptance Committee and JDC to cancel a land acceptance settlement.


JDC reconciled with 18 landowners during the trial, but the remaining four continued to file a lawsuit. At the first and second trials held in December 2009 and January 2011, the court raised the hands of the landlords.

In the meantime, Jeju Island also gave notice of approval for designation of tourism complex and construction plan. On the other hand, in March 2015, the Supreme Court decided that the land acceptance decision was invalid.

After not only accepting the land but also the licensing process, Berjaya demanded an astronomic claim for damages of $ 350 billion against JDC on November 6, 2015.

It is reported that the company has included in the compensation for damages not only the expenses incurred during the project, but also the costs of legal advice and the on-site visit.

Although he claimed to have lost income, which is the future income that resulted from the disruption of the business, the loss of the future was left out of the claim in the process of submitting compensation claims based on appraisal.

It is known that the amount of the applied entity is less than 320 billion won. Berjaya has been calculating damages based on an appraisal that was submitted to the court in February 2019.

Separately, Berjaya submitted a letter of intent to arbitrate the Investor State Dispute Settlement (ISDS), an international investment dispute, on July 19 of that year. The claim amounted to about 4.44 trillion won.

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

From March 2013, the construction was suspended in March 2015. The project was suspended in July 2015 after constructing 149 households of Gotjawal Village with a total area of ​​39,9448㎡ on the project site.




출처 : 제주의소리(http://www.jejusori.net)

Posted by Surewind > 2020-02-11 08:22 | Report Abuse

The Seoul Central District Court will resume its hearing on the compensation suit filed by Burjaya Jeju Resort against JDC at 10:10 am on March 20.

So need to wait until March 20 for resumption of case?

Posted by wantanmi > 2020-02-11 09:49 | Report Abuse

Very interesting.. Korea Court postponed 6 days from 6 Feb. to 12 Feb. the deadline for Berjaya's claim for damages & begin preparation reconciliation procedure since both sides (Berjaya & JDC) willing to make adjustments?

Looks finally there's a silver lining in the cloud for VT & BJ shareholders for the compensation for loss claimed from JDC.

Btw BNM & Bank Korea just renewed a RM15 Billion currency swap arrangement, will be handy when both Berjaya & JDC agrees to the Korea court managed compensation amount to be paid in Korea Won remitted back by Berjaya in RM?

https://www.theedgemarkets.com/article/bnm-bank-korea-renew-rm15b-currency-swap-arrangement

"The 21st Civil Affairs Department of the Seoul Central District Court postponed the deadline for Berjaya's claim for damages scheduled for six days and began preparing for a reconciliation procedure.

Prior to the date of the sentence, the court announced that both sides were willing to make adjustments.

It was reported that a full delay was postponed as the law firm Square, which acted for the defense of JDC, and the Pacific Ocean law firm on Berjaya's side formed a consensus on further business negotiations.

The Tribunal plans to close the case through a forced reconciliation procedure based on the agreement between the two sides. The precondition is that adjustments should be made in a way that both sides can accept.

If either party disagrees with the forced reconciliation decision, they will have to go to court again. Compulsory mediation will be effective if the decision is not filed within two weeks of service."

Posted by 691888 > 2020-02-11 09:53 | Report Abuse

tak guna counter,sudah sighed contract at Myammar project..but share tak naik some more jatuh lagi????

Posted by DickyMe2 > 2020-02-11 09:55 |

Post removed.Why?

Posted by kasinathan > 2020-02-11 10:10 | Report Abuse

Big one- off compensation to be announced on this friday

Posted by kasinathan > 2020-02-11 10:11 | Report Abuse

The fund just be great for Myanmar investment

Posted by wantanmi > 2020-02-11 10:39 | Report Abuse

Thxs for update from Mgt. Jiayou Berjaya!

Posted by Eddysurge > 2020-02-11 11:20 | Report Abuse

Hahaha! VT now must be scratched hair right now, why I got this kind of machai??

Posted by Eddysurge > 2020-02-11 11:43 | Report Abuse

Look like privatise soon. Hopeless counter?

Posted by roundcateye > 2020-02-11 12:02 | Report Abuse

Thank you, Jeffery Ting to give the timely update. Regardless the verdict, it is Bursa regulation for formal announcement to be made by BJLAND BOD, as the result would heavily implicate the financial status of the company (more than 20% of NTA). it seems that different treatment is being given to BJ companies, by Bursa. It is a disgrace.

Posted by Eddysurge > 2020-02-11 12:14 | Report Abuse

The capital part had been delivered to bjcorp US200 Millions, where it gone?? The compensation part is more than 20% nta, with the reconciliation dealing. what?