he keep saying the company is under valued and he is right. the main problem is without paying good dividend to share holders , no funds will invest in this company.
Lol...Profit from Vietnam sale for the special dividend for all BJLand shareholders including BJCorp with 80% ownership followed by privatisation with money from Kyoto sale?
actually, I start buying bjland only mid of last year when it fell below 0.30. BJCorp, on the other hand, been a few years since it said it's getting the Vietlott license.
Lol...the Lou Ma factor is a big incentive for Uncle Tan to cash in & also payback time to his backers after all these years... otherwise, why the urgency on Kyoto assets sale?
if vt seriously follows his plan and buy some hotels from bjland and then finally get listed in singapore, it may take quite a long time .may be more than 1 year .after that ,he can privatise bjland. those who believe VT need to hold the stock for medium term.
."he said BLand had issues in complying with Bursa Malaysia’s listing requirement of having at least 25% public shareholding spread.
Hence, it would make sense to delist BLand from the local stock exchange.
“We will delist BLand because BLand is so undervalued, and also not many people buy its shares, so by delisting, maybe it will help the existing minority shareholders to get a better deal,” Tan said, adding that the Berjaya group owns about 80% of BLand
As at end-July 2018, the company’s net assets stood at 81 sen per share.
According to Tan, the proposed delisting of BLand would take place after the listing of his hotel business on Singapore’s stock exchange.
“We plan to list our hotel business on SGX, instead of listing it in Malaysia because under the current rule we cannot list it here. The hotels are owned by BLand, so that will go against the chain listing requirement,” Tan said, adding that the listing on SGX would likely involve five or six hotels owned by BLand.
According to Tan, the valuation of the hotels had yet to be finalised, but the planned initial public offering (IPO) would see the group releasing 25% shareholding of the business to meet the minimum public spread requirements of SGX.
He said proceeds raised from the proposed IPO of the hotels would be ploughed back into the business for working capital."
Lol...Will Uncle Tan add some royal touch to BJland's hotel biz by divesting 25% to Royalty in order to meet SGX's listing requirements in exchange for BJAssets/7- eleven shares after making it syariah compliant?
According to Tan, the proposed delisting of BLand would take place after the listing of his hotel business on Singapore’s stock exchange.
“We plan to list our hotel business on SGX, instead of listing it in Malaysia because under the current rule we cannot list it here. The hotels are owned by BLand, so that will go against the chain listing requirement,” Tan said, adding that the listing on SGX would likely involve five or six hotels owned by BLand.
According to Tan, the valuation of the hotels had yet to be finalised, but the planned initial public offering (IPO) would see the group releasing 25% shareholding of the business to meet the minimum public spread requirements of SGX."
Lol...Uncle Tan needs to privatise first after declaring special dividend with profit from the Vietnam property sales before can delist...so privatise can be short term followed by delisting in the medium term?
if VT to privatize BJLand after floating hotels in Singapore, the cost will be much higher, given that the hotels value are reflected in the stock market. My best guess would still be privatizing BJLand before listing in Singapore. If there's anything to worry, it would be VT has no intention to privatize BJLand or listing in Singapore. These 'views' are anything but to prop up share price in the short term.
according to my understanding ,vt is short of cash to privatise bjland.he needs to sell some hotels to get listed in singapore. after the ipo in singapore , then he can afford to privatise bjland.another issue is that the hotels are not wholly owned by bjland.have to get the approval of all the shareholders first.do not expect to get angpow from vt within six months.it should be much much longer.maybe more than a year.
Lol...apart from the cash from Vietnam & Kyoto property sales within 60 - 90 days... don't forget about the compensation money from Jeju Korea, Selangor Govt. for Sungai Besi racecourse & oh yes, the RM599 million recoverable from great China mall sale? All this impairment will be written back as profit in BJLand accounts sooner or later? That's why the urgency to privatise apart from the Lou Ma factor..
Can I simply & ignorant query why hotels under bjland for such long-term but financial contribution to the group no that significant? How Singaporean investors will looks to the matter?
people buy this hotels as a trophy investment...where return is ranked loh as a criteria loh...!!
Posted by Eddysurge > Jan 19, 2019 11:03 AM | Report Abuse
Can I simply & ignorant query why hotels under bjland for such long-term but financial contribution to the group no that significant? How Singaporean investors will looks to the matter?
Lol...this is good news since the site has been acquired by the Tianyang Holding Group (SkyOcean?) for new development: together with Sanhe Municipal Govt?
"At the same time that the Yanjiao West Exit will be greatly transformed, the Berjaya Grand Plaza has been successfully acquired by Tianyang Holding Group. To this end, the Sanhe Municipal Government has also held a Tianyang·Innovation Center project briefing." Since there is a valid contract of Sale & Purchase with Tianyang Group guaranteed by the group's major shareholder, the arbitration process will ensure that the RM599 million be recovered by BJLand sooner or later as coming to 2nd year...
Lol..since the land is located at a strategic economic area located at the entrance to the Yanjiao Tongyan Expressway to Yanjiao West Export Integrated Hub Project!
"In the future, the Yanjiao Tongyan Expressway entrance will soon usher in a new and lively scene!"
Lol...already received Ang Pau from Uncle Tan...to strike lottery will be a bonus...
"Shamrahayu also pointed to Section 4(2)(b) of the Third Schedule, which states that when “there is a change in the ruler of a state then on the list, that state shall be transferred to the end of the list”.
She said in accordance with this provision, there was a possibility that Pahang might find itself being put at the end of the election list as Tengku Abdullah was only proclaimed the sixth Sultan of Pahang on Jan 15.
“There is a possibility that Pahang, which is currently on top of the election list, will be placed at the end of the list due to the change in the state’s ruler."
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Posted by stahl2017 > 2019-01-17 11:16 | Report Abuse
so Uncle Tan will expedite the privatise so he can eat this 4.1b