Bjland directors should be Abit more dignified n push it to at least 80pct of the Nta value la . If not who on the earth wants this investment . Might as well privatize la . Time to give back to your investors who believe in you la. Dignified abit la
“BLand is very much being undervalued, so we might delist it, and list the hotel business at SGX (Singapore Exchange), I think there will be five or six hotels there. We cannot list it here (Malaysia), because of SC’s (Securities Commission Malaysia) chain listing requirements, there are a lot of requirements, so it is easier for us to list there,” said Tan.
Further to our announcement dated 25 August 2022, the Board of Directors of Berjaya Land Berhad (“BLand”) wishes to announce that Bursa Malaysia Securities Berhad has, via its letter dated 20 September 2022, granted BLand a further extension of time of 6 months until 22 March 2023 to comply with the approved public shareholding spread of 20% (“Approved Public Spread”).
Currently, the public shareholding spread of BLand stands at 16.50%, a shortfall of 3.50%. The Management of BLand will continue to explore and identify a feasible rectification plan to address the shortfall in the Approved Public Spread.
This Announcement is dated 21 September 2022.
How to comply with public shareholding spread of 20% (“Approved Public Spread”) when VT and PAC keep buying Bjland???.
Stock [BJLAND]: BERJAYA LAND BHD Announcement Date 19-Dec-2022 Reference No CS2-16122022-00061 Substantial Shareholder's Particular: Name TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN Details of Changes: Currency - Date of Change Type Number of Shares 16-Dec-2022 Acquired 112,060,000 Registered Name Teras Mewah Sdn Bhd Nature of Interest Deemed Interest 16-Dec-2022 Acquired 10,000 Registered Name Berjaya Retail Sdn Bhd Nature of Interest Deemed Interest Nature of Interest Deemed Interest Shares Ordinary Shares Reason 1)Deemed interested by virtue of his deemed interest in Berjaya Retail Sdn Bhd - Acquisition of shares via open market 2)Deemed interested by virtue of his interest in Berjaya Corporation Berhad, the ultimate holding company of Teras Mewah Sdn Bhd - Acquisition of shares via direct business transaction
Total no of securities after change Direct (units) 54,660,400 Direct (%) 1.11 Indirect (units) 4,230,869,572 Indirect (%) 85.99 Total (units) 4,285,529,972 Total (%) 87.10 Date of Notice 16-Dec-2022
The CMSA permits an offeror who has made a takeover offer for all the shares or all the shares in any particular class in an offeree, and has received acceptances of not less than 90 per cent in the nominal value of the offer shares (Compulsory Acquisition Conditions), to within four months of the date of the takeover offer, acquire the remaining shares or remaining shares in any particular class in the offeree, by issuing a notice to the dissenting shareholders. The compulsory acquisition right is exercisable if the notice is issued within two months of the date of achieving the Compulsory Acquisition Conditions and is accompanied by a copy of a statutory declaration by the offeror that the conditions for the giving of the notice are satisfied.
In respect of a situation to which the Code and CMSA do not apply, the Companies Act permits an offeror to compulsorily acquire minority shareholders under a scheme of arrangement if the transfer involving holders of not less than 90 per cent of the nominal value shares or of the shares of that class has been approved.
No one can predict what VT plans to do. Just hope he can restore the faith of minority shareholders which have bought in his belief and supported him all these while.
While I don't think the parent company needs to be shariah-compliant, I agree it is important for VT to separate the gaming business from BJCorp entirely as soon as possible, so the products are politically correct to embrace the Muslim market (especially their increasingly religion-oriented sentiments).
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minher
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Posted by minher > 2022-09-23 16:32 | Report Abuse
BJCORP & BJLAND moving