Thanks for sharing @laulau much appreciated on your updates.. laulau Well said! it's now or never...either way it's win win this time!
stockraider Why u can Smell and See $$$$$$$ coming to bland in not to distant future leh ??
1. The journey is set when VT bought bland share from Penta at Rm 0.38. 2. The journey confirm very real when VT had bought bland and have more than 87% 3. The journey is confirm viable when u check the map bland nta is rm 0.85 per share. 4. The journey confirm when bland share price accelerated from rm 0.19 to rm 0.50! 5. The journey is confirm when the share volume of bland has picked up to a record volume for the past 2 wks. 6. The journey is confirm when VT start disposing its assets in vietnam, China, Korea and japan to gather more bullets. 7. The journey is confirm when BJLand get back RM650 million cash from sale of GMOC though China People's Court soon? 7. The journey is confirm when VT get his macai or allies to start collecting Bland, 8. The journey is confirm when JR is appointed Group CEO with full mandate to carry out a corporate restructuring for BJ Group. 9. The journey is confirm when VT officially steps down as Executive Chairman and hinted that his next project is to convince government to carry out housing projects for B40 etc. Guess BJLand is the housing development arm with most of the landbank?
In other words it is confirm the journey of $$$$$ going to masuk your pocket is already a surething mah....!!
See BJLand's 52 weeks Lowest & Highest 5 years share price trend from 2013 to 2017 " 2017 - Lowest 36 sens / Highest 66 sens [Profit for the year RM 411,221,000] 2016 - Lowest 56 sens / Highest 76 sens [Loss for the year RM (165,024,000)] 2015 - Lowest 63 sens / Highest 83 sens [Loss for the year RM (161,828,000)] 2014 - Lowest 75 sens / Highest 88 sens [Profit for the year RM 309,213,000] 2013 - Lowest 76 sens / Highest 93 sens [Profit for the year RM 296,775,000]
The main headlines are as detailed above. I think the attached articles are meant to give a historical pepective to new comers on what is happening now at Berjaya.
According to Bursa rules, once the majority shareholder already acquires 87% officially, he must acquire at least 90% of 13% floating shares before can privatize/delist. That means must collect 87% + (90% x 13%=12%)= 99%!
Simon2020 According to Bursa rules, once the majority shareholder already acquires 87% officially, he must acquire at least 90% of 13% floating shares before can privatize/delist. That means must collect 87% + (90% x 13%=12%)= 99%!
The Board of TAG wishes to announce that the Company has received the attached press notice from TA Securities, acting on behalf of TAE, that the Offeror has, on 18 December 2020, despatched the notice given in accordance with Section 223(2) of the CMSA to the shareholders of TAG who did not accept the Offer , informing them that they may exercise their rights under Section 223 of the CMSA to require the Offeror to acquire their TAG Shares on the same terms as set out in the Offer Document or such other terms as may be agreed between the Offeror and the Dissenting Shareholders or as the court may, on application made to it by any Dissenting Shareholder or by the Offeror, thinks fit under Section 224(3) of the CMSA.
Circumstances by reason of which change has occurred Acquired from the open market Nature of interest Direct Interest Direct (units) 5,137,373,916 Direct (%) 96.536 Indirect/deemed interest (units) Indirect/deemed interest (%) Total no of securities after change 5,137,373,916 Date of notice 23 Dec 2020 Date notice received by Listed Issuer 23 Dec 2020
TAE managed to increase holding of TAGB to 96.53% and delist TAGB from Bursa. Those (“Dissenting Shareholders”) may exercise their rights under Section 223 of the CMSA to require the Offeror to acquire their TAG Shares on the same terms as set out in the Offer Document or such other terms as may be agreed between the Offeror and the Dissenting Shareholders or as the court may, on application made to it by any Dissenting Shareholder or by the Offeror, thinks fit under Section 224(3) of the CMSA.
What it means in TAG privatization case needs to collect 96.536%, even then remaining 3.464% shareholders can also get the same offer as those offered to the earlier 96.536%
For BJLand privatization needs to collect 99% since BJCorp & Co. already starts with a higher 87% base compared to TAG?
Tagb public shareholding spread before VGO Based on the Company’s Register of Depositors as at 9 November 2020, the public shareholding spread of the Company was at 24.399%. This percentage represents a shortfall of 0.601% from the Public Spread Requirement.
If I am not mistaken once the VGO reach acceptance level that result in offeror shareholding excess 90 % the offeror can apply to Bursa to delist the company from Bursa.
Those (“Dissenting Shareholders”) may exercise their rights under Section 223 of the CMSA to require the Offeror to acquire their Shares on the same terms as set out in the Offer Document or such other terms as may be agreed between the Offeror and the Dissenting Shareholders or as the court may, on application made to it by any Dissenting Shareholder or by the Offeror, thinks fit under Section 224(3) of the CMSA.
Or you still can choose to remain as minority shareholer of Sdn Bhd company.
The Companies Commission of Malaysia (Malay: Suruhanjaya Syarikat Malaysia, abbreviated SSM), is a statutory body formed under an Act of Parliament that regulates corporate and business affairs in Malaysia. The SSM was formed in 2002 under the Companies Commission of Malaysia Act 2001, assuming the functions of the Registrar of Companies and Registry of Business.
All company whether public or private must provide financial year end account/report to SSM.
Accumulate on any weakness as the night is still young.
See BJLand's 52 weeks Lowest & Highest 5 years share price trend from 2013 to 2017 " 2017 - Lowest 36 sens / Highest 66 sens [Profit for the year RM 411,221,000] 2016 - Lowest 56 sens / Highest 76 sens [Loss for the year RM (165,024,000)] 2015 - Lowest 63 sens / Highest 83 sens [Loss for the year RM (161,828,000)] 2014 - Lowest 75 sens / Highest 88 sens [Profit for the year RM 309,213,000] 2013 - Lowest 76 sens / Highest 93 sens [Profit for the year RM 296,775,000]
You may be right?..BJCorp depends on BJLand & vice versa as both are 2 parts of a pants. Cut one out & the pants will fall apart. Lets see how Jalil & Team unlock shareholders value from all the money generating assets/ cash cows parked under BJLand for BJCorp hopefully with the help of the NWCA JV?
Despite (sadly) that BjLand does not catch up with BjCorp, the best and most rational restructuring plan has to start with Bjland privatization. All businesses are unnecessarily overlapped and intertwined in these two listed companies (hospitality, property, number forecast, retailing etc), making management at all levels inefficient and lackluster. Privatization will open the door for all possibilities, and most importantly restoring faith of the market.
One's even said each share of Bjland is tool of generate more cash, you think wise to shrink or merger becomes larger.Besides, money needed for many purposes that Jalil know.
The RM650 cash coming back from sale of GMOC and all foreign assets such as HR Owens, Icelandair Hotels etc. will be handy for BJ Group. A merger of both companies will streamline & rationalize operations and put it in the 4 to 5 RM Billion category to be in foreign investors' radar. This is where the NWCA JV can help to bring in foreign investors to unlock shareholder's value. After all it's better to be a World Champion rather than a Jagoh Kampung?
So, a merger results in an expanded bjcorp or bjland? If it's bjcorp, what happens to shareholders of bjland? Will merger result in share consolidation? Any sifus could enlighten further on this?
No need for share consolidation, should be more of a share swap on a 38:30 ratio used for Penta offer as a basis? To sweeten the deal, the 13% remaining BJLand shareholders can be offered a cash dividend before a share swap. This will also prevent dilution of BJCorp shares sInce already controls 87%. BJCorp shareholders has enjoyed a shares dividend earlier.
Well, if it benefits shareholders and companies involved, let's wait for management news and decision. Anyway, I am just a teeny weeny shareholder. Bought in just to watch the drama, if any lol
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Posted by Sansing > 2021-04-07 09:53 | Report Abuse
I now in Comfort , look like kambing. Don't said I did not chio