Posted by miniminer > 2020-06-28 22:44 | Report Abuse

Pay dividend la....hehehe......

Posted by bahai4453 > 2020-06-29 18:33 | Report Abuse

Berjaya Corp is VT business empire, under the umbrella of BJ corp there are hundreds of chicken-feet companies (listed and non-listed) . All the profits made by the corp will use to buy back all those lost money chicken-feet companies, pay debts and new investment. What had left behind is nothing ! How to pay dividend ??hahahaha.....If you are not happy , just run.....LHI recently did the same, not a surprise.

Posted by simon2020 > 2020-06-29 20:18 | Report Abuse

True.. as money from FSKyoto Hotel divestment has been mainly utilised by BJCorp to repay debts & BJLand for investment in assets & build FSOkinawa project.

But with RM650 million collected from GMOC Arbitration & reversal of impairment provisions, BJLand will have cash to pay dividends to BJCorp & minority shareholders to makeup the shortfalls from BJToto due to MCO..

Anyway most Minority here are not for the dividend but more for the potential capital gain..as 1% dividend is only a bonus as 1,000 shares only gives RM10, 10,000 shares - RM100, 100,000 shares - RM1,000. Even 1 million shares only gives RM10k dividend per year

However for every Million shares held, a 1 sens price increase gives an immediate return of RM10k, 5 sens 50k & 10 sens 100k and so on...best of all as BJLand/BJCorp is already all time low, you can make capital gains a few rounds within a year as VT insiders are very active nowadays in the market..

Posted by bahai4453 > 2020-06-29 20:38 | Report Abuse

This 1 sen games already been playing for long time ago as what I know. In and out with millions of shares until over bought..hahahaha...So the insiders worry about what ? Who cares?

Posted by simon2020 > 2020-06-29 21:34 | Report Abuse

True..but you missed the point & the fun..

Posted by Leong1982 > 2020-06-30 18:19 | Report Abuse

JEJU COMPENSATION FINALLY ARRIVED!

BERJAYA LAND WILL RECEIVE RM362 MILLION!!

TOMORROW WHAT'S THE PRICE MOVEMENT???

Posted by simon2020 > 2020-06-30 20:18 | Report Abuse

Another RM433.88 million compensation from Jeju Korea Government for BJLand on top of the RM650 million from GMOC Arbitration...
https://www.theedgemarkets.com/article/bland-reaches-settlement-south-korea-jeju-airest-city-dispute

Posted by kahhoeng > 2020-06-30 20:57 | Report Abuse

https://www.theedgemarkets.com/article/bland-reaches-settlement-south-korea-jeju-airest-city-dispute

However, BLand said the settlement will not have material effect on its earnings, net assets and gearing for the financial year ended June 30, 2020.

*** of course there won't have material impact for FY ended June 30, 2020. It's announced on June 30, 2020 and has yet to be completed! Feels like BLand is making an announcement trying to downplay the true impact of the deal???

Posted by OceanSky > 2020-06-30 21:30 | Report Abuse

Pursuant to the Settlement Agreement, all parties agree to resolve all disputes arising from the Jeju Project via payment by JDC of:
(a) Korean Won (“KRW”) 125.00 billion (equivalent to about RM443.88 million*) to BLCL and SSP as compensation for damages incurred as joint venture partners of JDC in BJR (“JVA Damages”); and
(b) a compensation sum to BJR due to damages incurred by BJR with regard to the Land SPA and the Jeju Project, where BJR shall utilise such sum to repay its relevant liabilities, payables and expenses which includes the debt owing to POSCO Engineering & Construction Co., Ltd. (“POSCO”, the main contractor for the Jeju Project) and part of the inter-company loan amount owing by BJR to BLCL (“Land SPA Damages”). The estimated total settlement sum to be received by BLCL from the JVA Damages and Land SPA Damages, net of relevant taxes and expenses, is estimated to be about KRW102.00 billion (approximately RM362.19 million*).

Total = RM443.88 million + RM362.19 million = RM806.07 million

BLand hold 72.60%.

Posted by 888STOCK888 > 2020-06-30 21:57 | Report Abuse

BJCORP holds 86% BJLAND

Posted by miniminer > 2020-06-30 22:31 | Report Abuse

Aidooh!!!!....sleeping beauty cash melambak sekarang, mana Putera punya kiss??
Now have to chase high......TSVT goreng kau kau, jagan tak goleng......hehehe..........

Posted by stockraider > 2020-06-30 22:33 | Report Abuse

Correctloh....!!

Posted by kahhoeng > Jun 30, 2020 8:57 PM | Report Abuse

https://www.theedgemarkets.com/article/bland-reaches-settlement-south-...

However, BLand said the settlement will not have material effect on its earnings, net assets and gearing for the financial year ended June 30, 2020.

*** of course there won't have material impact for FY ended June 30, 2020. It's announced on June 30, 2020 and has yet to be completed! Feels like BLand is making an announcement trying to downplay the true impact of the deal???

Posted by Eric Lim > 2020-06-30 22:38 | Report Abuse

tomorrow will drop 0.5 cent

Posted by OceanSky > 2020-06-30 23:36 | Report Abuse

My apologise.

To rephase:

Pursuant to the Settlement Agreement, all parties agree to resolve all disputes arising from the Jeju Project via payment by JDC of:

(a) Korean Won (“KRW”) 125.00 billion (equivalent to about RM443.88 million*) to BLCL and SSP as compensation for damages incurred as joint venture partners of JDC in BJR (“JVA Damages”);
and
(b) a compensation sum to BJR due to damages incurred by BJR with regard to the Land SPA and the Jeju Project, where BJR shall utilise such sum to repay its relevant liabilities, payables and expenses which includes the debt owing to POSCO Engineering & Construction Co., Ltd. (“POSCO”, the main contractor for the Jeju Project) and part of the inter-company loan amount owing by BJR to BLCL (“Land SPA Damages”). The estimated total settlement sum to be received by BLCL from the JVA Damages and Land SPA Damages, net of relevant taxes and expenses, is estimated to be about KRW102.00 billion (approximately RM362.19 million*).

1. BLCL and SSP received RM443.88 million; BLand own 89.6%, shall get RM388.885 million
2. BJR received RM362.19 million; which BLand own 72.60%, shall get RM262.95 million

BLand shall receive RM651.835 million.

Posted by 888STOCK888 > 2020-07-01 07:37 | Report Abuse

Can BJCORP delist BJLAND and have access to all these cash without going through the privatisation or to buy the remaining shares from the minority shareholders???

Posted by kahhoeng > 2020-07-01 08:31 | Report Abuse

Felt like BCorp and BLand are trying to downplay the impact of Kyoto Four Seasons disposal and Jeju compensation on BLand's balance sheet.

Posted by leek > 2020-07-01 08:40 | Report Abuse

HUATTT LIAO~ LIMIT UP! =D

Posted by WilburR2 > 2020-07-01 09:06 | Report Abuse

still sleeping lol

Posted by WilburR2 > 2020-07-01 09:21 | Report Abuse

waking up

Posted by simon2020 > 2020-07-01 09:50 | Report Abuse

Special dividend & share swap coming soon? In order for BJCorp to access BJLand's more than 1 Billion cash hoard, Assets & to address Bursa's latest 20% public share spread requirement for BJLand by September?

Posted by kahhoeng > 2020-07-01 09:52 | Report Abuse

There's 2 more issues yet to be addressed, (1) Vietnam project disposal, think value is around 250 million or more (2) Selangor Turf Club, don't know how much Selangor state government has to pay, and to whom, BCorp or BLand?

Posted by Paulnga > 2020-07-01 09:56 | Report Abuse

All the good news, to Bj is a waste of time!

Posted by Paulnga > 2020-07-01 10:03 | Report Abuse

Cash from GMCO (306M) + Jeju (651M)=957M. BJland share price at 0.17=850M only, the rest of the assets all FOC! This is the market confidence towards VT!

Posted by simon2020 > 2020-07-01 10:05 | Report Abuse

Button line is to grab all available cheap shares in the Market before VT's big move..since VT & Associates already holds at least 89%, remaining minority will not simply sell cheap since most bought at average price of 35 sens or higher..Btw since Dimensional fund, Penta & Goldman Sach & Macquarie already sold all their shares & no short selling until end of the year..there won't be anymore cheap shares left in the Market..

Posted by Bettyem > 2020-07-01 12:45 | Report Abuse

韩国官司和解·陈志远旗下成功置地获赔3.6亿
Sinchew Wed, Jul 01, 2020 09:51am - 2 hours ago

（吉隆坡30日讯）丹斯里陈志远控制的成功置地(BJLAND,4219,主板消费产品服务组)济州岛度假村诉讼案达成和解，获净赔偿1020亿韩元（约3亿6219万令吉）。

根据文告，成功置地子公司成功休闲（开曼群岛）（BLCL）与成功济州度假村（BJR)及投资者天鹅街伙伴（SSP)今日和济州自由国际城市发展中心（JDC）就2015年开始的诉讼签和解协议。

成功置地通过持有72.6%股权的BJR与JDC展开诉讼。JDC协议赔偿1250亿韩元（约4亿4388万令吉）予BLCL和SSP公司，作为BJR偿债土地用途，与拖欠主要承包商韩国浦项钢铁公司（POSCO）账款等。。

South Korean lawsuit settlement · Chen Zhiyuan's Berjaya Land was awarded RM360 million compensation.
(Kuala Lumpur, 30th) Tan Sri Chen Zhiyuan controlled the Berjaya Land (BJLAND, 4219, Main Board Consumer Products and Services Group) of the Jeju Island Resort litigation and reached a settlement and received net compensation of 102 billion won.
According to the statement, the Berjaya Land Subsidiary Berjaya Leisure (Cayman Islands) (BLCL), Berjaya Jeju Resort (BJR) and Investor Swan Street Partners (SSP) today and the Jeju Free International City Development Center (JDC) litigation started in 2015 Sign a settlement agreement.
Successfully launched a lawsuit with JDC through BJR, which holds a 72.6% stake. The JDC agreement compensated 125 billion won (approximately 444.88 million ringgits) to BLCL and SSP companies for the use of BJR's debt-paying land and arrears of accounts with major contractor Korea Posco Steel Corporation (POSCO). .

Posted by stockraider > 2020-07-01 12:53 |

Post removed.Why?

Posted by bahai4453 > 2020-07-01 13:06 | Report Abuse

A wise man said the right thing ! Anyway wish all of you good luck and have your dreams come true. Best of luck !

===================================
@Paulnga All the good news, to Bj is a waste of time!
01/07/2020 9:56 AM

Posted by stockraider > 2020-07-01 13:26 | Report Abuse

just buy more loh

Posted by bahai4453 > 2020-07-01 13:36 | Report Abuse

If the share price break 0.25 mark then I will joint the crowds. From what I had seen and heard I don have any confidence to trust VT and the gangs ! To this type of counter action is far more better than just good news and promises.

Posted by gangnam > 2020-07-01 13:44 | Report Abuse

Lol...Let's hope Uncle Tan do more charity by selling more shares as cheap as possible please? Still have spare cash for a million or two...

Selangor Turf Club compensation coming soon as Federal Court will also decides in BJLand's favour as Selangor is an Opposition State...
https://www.thestar.com.my/business/business-news/2017/11/11/court-decides-in-blands-favour-on-selangor-turf-club-issue

Posted by Leong1982 > 2020-07-01 15:34 | Report Abuse

tq boss, bought 16.5c this week, can sell 18.5c to you today???

Posted by Paulnga > 2020-07-01 15:58 | Report Abuse

Heavy manipulated counter!

Posted by simon2020 > 2020-07-01 16:23 | Report Abuse

True..Already oversold by VT machais & collaborators before news is out..only way is up as not much liquidity in Market unless VT do more charity??

Posted by firehawk > 2020-07-01 23:18 | Report Abuse

Hope trend will be continue tmr 。。。

Posted by simon2020 > 2020-07-01 23:24 | Report Abuse

A steady upward trend's a better way to absorb profit taking by day traders..

Posted by kahhoeng > 2020-07-01 23:26 | Report Abuse

BLand's Btoto holding is already worth RM 1.2 billion, and BLand is worth less than RM 0.9 billion. Conglomerate factor? More like neglected minority shareholder interests factor...

Posted by miniminer > 2020-07-01 23:44 | Report Abuse

Special devidend mana??
Cash rich + Major shareholder of Toto.......18cents, sapu kuat kuat la......TSVT kasi chance now......hehehe........

Posted by OceanSky > 2020-07-02 07:28 | Report Abuse

My apologise again.

To rephase, again:

Pursuant to the Settlement Agreement, all parties agree to resolve all disputes arising from the Jeju Project via payment by JDC of:

(a) Korean Won (“KRW”) 125.00 billion (equivalent to about RM443.88 million*) to BLCL and SSP as compensation for damages incurred as joint venture partners of JDC in BJR (“JVA Damages”);
and
(b) a compensation sum to BJR due to damages incurred by BJR with regard to the Land SPA and the Jeju Project, where BJR shall utilise such sum to repay its relevant liabilities, payables and expenses which includes the debt owing to POSCO Engineering & Construction Co., Ltd. (“POSCO”, the main contractor for the Jeju Project) and part of the inter-company loan amount owing by BJR to BLCL (“Land SPA Damages”).

The estimated total settlement sum to be received by BLCL from the JVA Damages and Land SPA Damages, net of relevant taxes and expenses, is estimated to be about KRW102.00 billion (approximately RM362.19 million*).

1. JVA Damages: Compensation to BLCL and SSP, RM443.88 million;
2. Land SPA Damages: Compensation to BJR (BLCL, SSP & BJR), amount not mentioned; where BJR shall utilise such sum to repay its relevant liabilities, payables and expenses which includes the debt owing to “POSCO”, the main contractor for the Jeju Project. (Refer to BLand, FY-2019 Annual Report, amount to RM111 milion).

The total nett settlement sum to be received by BLCL, is of RM362.19 million.

The total receivable shall be about RM595 million (as refer to BLand, FY-2019 Annual Report).

The nett impact on BLand profits, shall refer to "reversal of accumulated impairment losses".

Posted by WilburR2 > 2020-07-02 14:03 | Report Abuse

@ OceanSky, what is the quantum of accumulated impairment losses ?

Posted by kahhoeng > 2020-07-02 14:53 | Report Abuse

BLand should make an announcement detailing the impact of Jeju court settlement, not us guessing what's the impact. Sigh!

Posted by Eric Lim > 2020-07-02 15:55 | Report Abuse

The impact is BJland is going to be flooded with lots of cash, and Tan Sri can basically privatised the company FOC

Posted by kahhoeng > 2020-07-02 16:17 | Report Abuse

Eric Lim, if what you said is right, then there should be a spike in share price. I have my reservation...

Posted by simon2020 > 2020-07-02 16:48 | Report Abuse

It's just a waiting game between Majority with 89% & Minority with 11% as most of his previous collaborators has sold out very much earlier...for those who has waited this long for GMOC Arbitration & Jeju Korea Compensation successful outcome...the Water Dragon will make his move after he has acquired enough of BJCorp, the final beneficiary at cheap price...just beware of the many wolves in sheep's clothing breathing hot & cold?

Posted by kahhoeng > 2020-07-02 16:55 | Report Abuse

If you look at the kyoto four seasons deal, most, at least I'm, would have expected at least 900 million will flow into bland coffer, instead the real amount is less than 600 million, or less? (clueless how the debt is structured)

Posted by gangnam > 2020-07-02 19:45 | Report Abuse

Lol...Bro! Wolves comes in many guises maybe a Cub or two and some Kancils? Since don't have shares why busybody???

Posted by OceanSky > 2020-07-02 20:21 | Report Abuse

Opps!!!

There was no impairment losses allocated for Jeju Law-suit. From FY-2014 to FY-2019.
Refer to 31/32 Investment Related Expenses.

However, the accumulated impairment losses for GMOC is of RM 304.647 million.

Wish that somebody to clarify better for Jeju-Law-suit "impairment losses" .

Which means no extra gain can be called back from Jeju-Law-suit.

The only benefits from the closure of :

1. GMOC, RM492 million = RM600 million - RM108 million (Due to Main Con);
BLand portion is RM251 million (51%).

2. Jeju-Law-suit, RM362 million, nett from all expenses and RM112 million (Due to Main Con)

3. Total RM613 million receivables; and deduction debts of RM220 million.

Posted by Eddysurge > 2020-07-02 23:13 | Report Abuse

Assuming that the wolf & operator having collaboration by pressing down the market price, leftover the cubs one or two 5% and kancils 6% who's bought marginally high to low prices. The wolf want to keep the platform alive so that can continuing fishing regardless the market consent frightening to pushing the market price up just by showing glamorous achievess announcement without any trophy or tokens to poor minority. Besides that don't forget the wolf also can use new phrase of weapon like MoU Singer way future dilution when time allows.

Posted by Leong1982 > 2020-07-02 23:17 | Report Abuse

Bahai4453, there is another type of BJLand miniority shareholders who can be categorized as "the poor retirees type"

They bought BJLand 10 years ago above RM1.00... today their hard-earned retirement money has become RM0.18 only.
If they invested RM200k last time, not even left with RM40k now.

Posted by kahhoeng > 2020-07-02 23:28 | Report Abuse

Dear Lydia,

On June 30, BLand announced it has reached a settlement agreement on Jeju's investment. Despite the hundreds of millions of compensation reached, BLand has announced "the Settlement will not have any effect on the issued share capital and substantial shareholders’ shareholdings of BLand. The Settlement is also not expected to have any material effect on the earnings, net assets and gearing of the BLand Group for the financial year ended 30 June 2020."

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=104455&name=EA_GA_ATTACHMENTS

Does that mean the settlement will not have any material effect on BLand's financial position post FY2020 as well? If it will have an impact, is BLand required to provide a proper analysis on the settlement's impact? If yes, could relevant announcement be made soon? Thanks.


Best regards,

Posted by OceanSky > 2020-07-03 09:03 | Report Abuse

Refer to BLand latest closures again.

1. For GMOC, total proceeds shall be of RM600 million (inclusive of interests);
Less it's liability of RM108 million; gross inflow to BLand (with partners) is RM492 million;
Less 49% minority interest; nett inflow to BLand is RM251 million.

2. For Jeju case, total proceeds is not disclosed, let assume is at RM600 million (around there);
Less it's liability of RM112 million; gross inflow to BLand (with partners) is RM488 million;
Less minority interest; nett inflow to BLand is RM362 million.

3. Therefore, in BLand book receivable, it shall be RM1,200 million;
Par down of liability is RM220 million;
Less minority interest, of RM367 million;
Nett inflow to BLand is RM613 million.

With above re-phasing, it shall be better clarity for all.