Sslee while writing to new BJGroup CEO & Lydia, remember to ask about status of RM650 million cash due from Beijing Sky0cean after HKIAC arbitration award for GMOC sale. The 70% Tuopai Shede shares owned by Beijing SkyOcean frozen by China People's court after the HKIAC award has been sold by China court auction to Fosun for RMB4.53 billion cash and money has been paid by Fosun on or before 15 Jan 2021 to China People's court for settlement to Beijing SkyOcean's creditors. BJLand as one of the main creditors protected by China courts should get the cash payment soon? The RM650 million cash pile from GMOC sale & RM65 million profit from Berjaya Jeju compensation should be more than enough to implement your proposal below for shareholders.. "I will propose to the newly appointed CEO option of cash settlement, shares swap and part cash plus shares swap."
@ Sslee. Thanks for being the voice of the minorities here. Really appreciate all your efforts to highlight VT's delay in doing what should have been carried out a long time ago. The authorities inaction thus far has cast aspersion on their impartiality. God bless.
My views is that anything less than the book value of BJLand is to sell our shares to VT for a song. Remember, BJLand do not practice revaluing their assets in their books. As a result, the current book value do not reflect the appreciated value of all its assets, cheers.
I would agree with Kelvin, as 40% of Bjtoto itself is already RM0.30 per Bjland share. Minority shareholders render their faith to the company and VT despite constantly being ridiculed by others.
thank you sslee and your views are solid and far sighted. i am a long time investor in bjcorp and bjland with high cost investments. i regretted listening and believing into vincent's write up and comments on these counters. these companies are practically family own. although they are the major shareholders, they have nothing to loose as they are handsomely rewarded with salaries and allowances. the sufferings only for the minority shareholders without capital appreciation or dividends. recently vincent took over the chairmanship and he promised his ultimate goal is to bring the bjcorp to rm1 level. everybody clapped. when he was saying this 3 years ago the share price was at 36 sen level but today at 20 sen level. they know how to handle the shareholders, robin tan, his son said he is a capitalist and believe in freebies and his ultimate goal is to bring the company to higher level. he failed. when vincent took over he start giving bagful of goodies of cosway. everybody happy and no one ask any question. once i was suppressed by one of the indecent shareholders as in his view asking question means i am wasting his time. they said there are good chances of winning legal battle in south korea and the sale of 4 session hotel in japan with fantastic profit had all materialized and yet nothing is visible todate. i hope you succeed in your attempt. god bless you for your good heart.
Terrifying if continuing with bad management, reputation and goodwill for berjaya group. Some sort of reassessment should be fix before getting out of hand.
And on: Fri, Jun 28, 2019 at 9:17 AM. Bursa replied: Dear Sir, In line with our Company’s policy, we are unable to reveal any details of the assessment conducted by Bursa Securities in considering a lower public shareholdings spread. Nevertheless, any application submitted to Bursa Securities is being assessed objectively. In addition, we also wish to clarify that Bursa Securities is not in a position to request any party to make any general offer. Any offer by the offerors will need to comply with the Rules on Take-Overs, Mergers and Compulsory Acquisitions of the Securities Commission.
Thank you. Bursa 2U Bursa Malaysia Berhad Our Ref: CC/43/19
Bursa is not in a position to request any party to make any general offer, BUT Bursa has the right to disapprove the 0.38/0.30 exchange of BLand shares into BCorp shares given the already low shareholding spread. OR require the offer be made to other minorities if it's to be accepted!
Rules set should be applied consistently for orderly and predictable compliance. Exceptions made by Bursa should not be at minorities expense. Our Market Regulators do not promote confidence in our Capital Markets due to their inconsistent treatment for different companies. Very disappointing.
It seems that certain Tycoons and major shareholders of public listed companies seem to have distinct advantage when it involves compliance to the Listing Requirements. The authorities should come clean and explain their rationale lest the investing fraternity feel there is something amiss.
Just take it as a blessing in disguise. With appointment of new Group CEO Jalil to look into reorganization of BJ Group & setting up of NSW Investment Group. Changes is bound to happen sooner or later with another RM650 million cash coming back anytime now to BJLand from sale of GMOC after successful China court auction of Beijing SkyOcean's 70% shares in Tuopai Sheds to Fosun for RMB4.53 billion
Told you, VT will win. Obviously the new CEO being make a scapegoat of VT. Don't put salt into other wound by claim this as blessing while this is another bad news to minority, it is a sarcasm, 38 years old youngster come with only about 15 years in investment experiences become highly paid CEO of a diversify business public listed company, sometimes this could mean the boss really show you off "the minority" of his site if you still didn't get it. SC/Bursa must aware that continues extension without condition attached is aka a bad practices and not a vary favorable for public listing objectives, in fact, this must be rectified immediately with high priority cause the continuation of shares spread violation could mean share price suppression and minority being tyranted as not many will dare invest into this counter which is no ROI, total controlled & $$ losing, if you dare, the boss can throw you all his excess shares while he still in total control of you....... welcome to Malaysia??? ......hehehe................... 22/03/2021 3:27 PM
pretend he has no money but uses BJLand's cash to buy back shares in the Berjaya group of companies every other day. I think the authorities have been taken for a ride or has looked the other way for reasons which are obvious.
Tq. Sslee. BJcorp already starting to move after Group CEO Jalil's appointment and setting up of New World Capital Advisors Malaysia, let's see what Jalil can do for BJLand? https://www.klsescreener.com/v2/announcements/view/3326907
In 2015 to 2016 , bjland share price jumped from penny stock to above RM6. Its price now is almost like a garbage stock but in reality it has so much hidden value in it. With proper management and control it is worth keeping for long term. I will keep until it’s price surge above RM1.00.
Received from Bursa dari: Bursa 2U <bursa2u@bursamalaysia.com> kepada: Lee Soon Sheng tanggal: 23 Mar 2021 08.55 subjek: RE: Bursa Ref: CC/43/19. SC Case: SC2019-4833: Complaint on Bjland dikirim oleh: bursamalaysia.com Dear Sir/Madam, Reference is made to your email on the above matter. We have forwarded your email to our line department for their attention. Thank you.
The whole market would see how BJLand is being properly privatized before committing their monies in BJ counters. So many negative news and reputations being made into these companies. The management has to do something extraordinary.
Bullseye! With Penta out of the picture, there's no more unlimited seller in a cornered market with only 13% freefloat, as even the earlier 3% BJLand shares held under proxy by Penta under PCM Industrial LP has also been sold out earlier in the year. The offers from Management will come sooner or later to address the elephant in the room before BJ counters can advance further.
Hope the CEO would buy 70 million shares too from BJLand. Normally mother share will rise first and the record shows that BJLand always had a higher market value than the mother company until it was being pressed heavily for the past three years. Also, hope the compensation received from the china mall will turn into proper dividend for the shareholders
thank you Aheng63, that is what expected too. BJ name is for those 70/80's who knows. It survive thru all the crisis and when it rises, we can imagine.
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Posted by simon2020 > 2021-03-20 12:34 | Report Abuse
Sslee while writing to new BJGroup CEO & Lydia, remember to ask about status of RM650 million cash due from Beijing Sky0cean after HKIAC arbitration award for GMOC sale. The 70% Tuopai Shede shares owned by Beijing SkyOcean frozen by China People's court after the HKIAC award has been sold by China court auction to Fosun for RMB4.53 billion cash and money has been paid by Fosun on or before 15 Jan 2021 to China People's court for settlement to Beijing SkyOcean's creditors. BJLand as one of the main creditors protected by China courts should get the cash payment soon?
The RM650 million cash pile from GMOC sale & RM65 million profit from Berjaya Jeju compensation should be more than enough to implement your proposal below for shareholders..
"I will propose to the newly appointed CEO option of cash settlement, shares swap and part cash plus shares swap."