Posted by freetospeak > 2019-01-31 11:08 | Report Abuse

by that time may b only left less than 15 % in the market

Posted by Eddysurge > 2019-01-31 11:53 | Report Abuse

To my curiosity and suspicious, market price only 26.5~ 28cents, not enough to swap 1 bjcorp. Who's want to let?

Posted by Eddysurge > 2019-01-31 11:57 | Report Abuse

Beter use share buy back
bjcorp to swap bjland.

Posted by stockraider > 2019-01-31 11:59 | Report Abuse

share buyback use cash...!!

Share exchange no cash mah....!!

Posted by Eddysurge > Jan 31, 2019 11:57 AM | Report Abuse

Beter use share buy back
bjcorp to swap bjland.

Posted by Eddysurge > 2019-01-31 12:07 | Report Abuse

Ho! Ho! The motive is to increase % .

Posted by Eddysurge > 2019-01-31 12:10 | Report Abuse

Bjcorp & VT got shares.

Posted by 1431599283521664 > 2019-01-31 12:12 | Report Abuse

chances is vt will push down bjc to 0.22cents to match bjland at current price

Posted by freetospeak > 2019-01-31 12:44 | Report Abuse

Vt will want a higher bjcorp price to buy more share from penta....penta will want a lower bjland price to grab more share to sell to vt...thats why penta wanna dispose to vt fast so that they carry less than 5 percent ...more freedom ....no need reporting...

Posted by Eddysurge > 2019-01-31 13:33 | Report Abuse

No sense at all. Pls be more constructive & more efficient. Good for company, if delaying, can't see any good.

Posted by hng33 > 2019-01-31 13:38 | Report Abuse

Bjland to divest kyoto four season for USD 750-800m, and expect to realize gain USD 350-400m. The deal is expect to materialize mid next month. The gain of USD 350-400m or RM 1.4 -1.6 billion will be equally share by both bjland and bjcorp based on their equity 50:50 stake in four season kyoto interest. Therefore, the expect gain per share for bjland is RM 700m-800m or about 14sen to 16sen.

Bjland will use part of the divestment from kyoto four season to develop by replicate another four season in okinawa with cost development USD 400m and GDV USD 1 billion. Based on cost and GDV, the gross profit to develop okinawa four season is about USD 600m excluding land cost. Okinawa four season is wholly 100% own by bjland, therefore, the profit will wholly benefit bjland.

It is imperative for bjcorp to take over bjland as soon possible after further increase bjland stake from penta investment and together with VT direct stake in bjland, all in, VT will able to control about 84% in total bjland.

VT need another 6% stake to reach 90% minimum threshold to mandatory take over bjland, the case fairly similar to previous MBF which subsequent successful take over after reach minimum threshold 90% for mandatory take over.

The take over will be in cash as bjcorp after divest 50% in kyoto four season for USD 750-800m will have sufficient CASH to take over minority stake later.

Posted by williamyong8822 > 2019-01-31 13:40 | Report Abuse

my guess.penta agreed with the share swap deal because penta knows the misai is going to push up bjcorp soon.

Posted by hng33 > 2019-01-31 13:41 | Report Abuse

Aside kyoto four season, Upcoming very soon Bjland will have another massive gain from divestment in Vietnam land.

Posted by hng33 > 2019-01-31 13:42 | Report Abuse

Based on penta share swap ratio, current bjland share price should at least 25% higher than bjcorp.

Posted by Eddysurge > 2019-01-31 14:22 | Report Abuse

Sometimes I wonder, how bjland have fund to invest a lots of big projects.

Posted by valuer > 2019-01-31 14:22 |

Post removed.Why?

Posted by leek > 2019-01-31 15:00 | Report Abuse

CLOSE 0.38 TODAY?

Posted by hng33 > 2019-01-31 15:13 | Report Abuse

Bjcorp prime assets is under bjland. If without bjcorp request for bjland to divest its 50% stake in kyoto four season in 2015, bjland will profit all USD 350-400m form divestment for USD750-800m.

Now, bjcorp is lucky to have bjland 50% stake in kyoto four season now and awaiting to profit at least USD 350-400m or effectively profit USD 175m-200m based on its 50% stake

Posted by Eddysurge > 2019-01-31 15:23 | Report Abuse

8 cents reserved for company operations cost, four cents for loan borrowing. Left only 4 cents.

Posted by hng33 > 2019-01-31 15:24 | Report Abuse

Currently, bjcorp lack of fund to take over bjland on CASH, Unlike many year ago, bjcorp opt to increase bjland stake in CASH, it now force to opt share swap first to increase further bjland stake.

However, once bjcorp monetize its 50% stake in kyoto four season for USD 750-800m, (50% stake USD 375-400m, RM 1.53 billion cash) it will have sufficient cash hoard to take initiate MANDATORY take over from minority in CASH as it only need to get additional 6% acceptance from minority to reach minimum 90% threshold to privatize bjland .

Posted by stockraider > 2019-01-31 15:26 | Report Abuse

Even it hit above 90%....bjc still cannot privatise bjland mah...!!

Posted by hng33 > Jan 31, 2019 03:24 PM | Report Abuse

Currently, bjcorp lack of fund to take over bjland on CASH, Unlike many year ago, bjcorp opt to increase bjland stake in CASH, it now force to opt share swap first to increase further bjland stake.

However, once bjcorp monetize its 50% stake in kyoto four season for USD 750-800m, (50% stake USD 375-400m, RM 1.53 billion cash) it will have sufficient cash hoard to take initiate MANDATORY take over from minority in CASH as it only need to get additional 6% acceptance from minority to reach minimum 90% threshold to privatize bjland .

Posted by leek > 2019-01-31 15:57 | Report Abuse

WILL PENTA SAPU BJLAND TO 0.38 AND PLAY SHARE SWAP AGAIN?

Posted by hng33 > 2019-01-31 15:57 | Report Abuse

YTL cement, mbf, pjd, IGB, all force to delist and privatized after shareholding reach 90% threshold, trigger mandatory take over in accord to bursa listing rule.

Posted by freetospeak > 2019-01-31 16:11 | Report Abuse

vt is aiming for 90% to invoke Section 222(1) of the Capital Markets and Services Act 2007, which deals with compulsory takeover..he is not interested in mgo..he want a compulsory acquisition.

Posted by gangnam > 2019-01-31 16:18 | Report Abuse

Lol...since Uncle Tan already set the minimum benchmark of 38 sens... it can only go higher...

Posted by freetospeak > 2019-01-31 16:19 | Report Abuse

by that time if price is below 0.38..he will offer 0.38 to public...not successful he will raise...until he got 90%...so most probably the price is around 50 to 60 sen i guess...if he feel only left 10% giv high price not a problem..then he might offer a bit more...all in all ..he need not more than 1 billion to rpivatise bjland..

Posted by freetospeak > 2019-01-31 16:23 | Report Abuse

may be not even need 700 million

Posted by kahhoeng > 2019-01-31 16:36 | Report Abuse

its quite obvious Penta is either acting on behalf of VT or an extremely close ally of VT...

Posted by freetospeak > 2019-01-31 16:39 | Report Abuse

daily weekly monthly chart shows reversal flashing...

Posted by hng33 > 2019-01-31 16:40 | Report Abuse

Bjland number of share 5000m, and only have total market capitalization RM 1.4 billion. After Bjcorp acquire penta stake and together with VT direct stake, total have 84% stake.

Therefore, minority share have 16% or about 700m share. If VT offer take over 50sen, bjcorp only need to RM 350m cash to take over

once bjcorp monetize its 50% stake in kyoto four season for USD 750-800m, (50% stake USD 375-400m, RM 1.53 billion cash) it will have MORE than sufficient cash hoard to take initiate MANDATORY take over from minority in CASH as it only need to get additional 6% acceptance from minority to reach minimum 90% threshold to privatize bjland .

Posted by kahhoeng > 2019-01-31 16:44 | Report Abuse

hmm.... another interesting observation, Penta is holding 396 million shares of BJLand, which is 7.94%. Meanwhile, BJCorp is only offering to "buy" 230 million shares from Penta.

Posted by freetospeak > 2019-01-31 16:44 | Report Abuse

goldman sach wanna liquidate their shares so they dispose to penta...penta dun wan more than 5% so they quickly dispose to Vt 4%...if not penta wont so fast buy one...becoz of goldman sach penta hav to speed up...

Posted by freetospeak > 2019-01-31 16:47 | Report Abuse

if penta hold more than 5 % ..they cannot do thing secretly liao..so hav to fast fast sell to vt...i bet they will wrap up asap so that they can continue mob up other shares secretly...

Posted by gangnam > 2019-01-31 16:48 | Report Abuse

Lol... obviously since Uncle Tan still has 7% direct ownership in BJLand, he will make sure he will not not come out any worse than the shares deal between BJCorp & Penta...

Posted by hng33 > 2019-01-31 16:53 | Report Abuse

penta reserve its balance stake for higher selling price when bjcorp received cash monetized its 50% kyoto four season and initiate mandatory take over later. In the meantime, penta will gradually boost back its stake in open market after divest part of stake in exchange with bjcorp.

Posted by hng33 > 2019-01-31 16:55 | Report Abuse

it is arbitrary gain for penta as now penta have cash to buy bjland open market, but bjcorp lack of fund, bjcorp need to wait for kyoto four season fund worth RM 1.53 billion cash to return back.

Posted by freetospeak > 2019-01-31 17:02 | Report Abuse

penta buy back no need annouce,,,bjcorp buy bak need annouce...penta secretly buying bak for vt...

Posted by kahhoeng > 2019-01-31 19:30 | Report Abuse

think penta and bjcorp acts are considered illegal...

Posted by williamyong8822 > 2019-01-31 22:37 | Report Abuse

the misai will expedite the privatization and the restructuring and others while TUN M is in power.TUN M's age is real concern.the privatization of bjland will be completed before the end of second quarter of this year.the previous talk on getting listed in singapore is just a smokescreen.

Posted by Eddysurge > 2019-01-31 22:48 | Report Abuse

Why my thinking same like kahhoeng. Is it really illegal? Bjcorp always acts many steps behind while you layman can do.

Posted by williamyong8822 > 2019-01-31 23:51 | Report Abuse

anyone can provide a concrete answer ? need to clear the doubt.

Posted by williamyong8822 > 2019-02-01 00:11 | Report Abuse

if the misai pushes up bjcorp above 80 cents ,everybody will happily accept the share swap offer .I think vt will push up bjcorp soon.

Posted by stockraider > 2019-02-01 00:18 | Report Abuse

That will be the ultimate goal loh...!!

Posted by williamyong8822 > Feb 1, 2019 12:11 AM | Report Abuse

if the misai pushes up bjcorp above 80 cents ,everybody will happily accept the share swap offer .I think vt will push up bjcorp soon.

Posted by stockraider > 2019-02-01 00:21 | Report Abuse

At 84% of shareholding of BJLand the cost of cash privatization will reduced substantially loh...!!

Posted by leek > 2019-02-01 01:51 | Report Abuse

PUSHING BJCORP UP NOW FOR SHARE SWAP IS MORE EXPENSIVE THAN TO USE CASH TO BUY THE REMAINING BJLAND SMALL SHAREHOLDERS LOH

Posted by williamyong8822 > 2019-02-01 05:13 | Report Abuse

I think the misai will offer the same share swap deal to all the shareholders. different deals to the shareholders will make future privatizations a big headache for bursa. there are no instances like this in the history of bursa .bursa will not approve it.LGE will not approve it.vt is not above the law.either the same deal or no deal.

Posted by freetospeak > 2019-02-01 07:47 | Report Abuse

Already stated if he offer 0.38 to another party ,under the law he mus offer the same if not higher to other miniority shareholder...but if the price go up higher let say 0.35 when he annouced mgo...based on 5 day average which he now used to priced the penta offer...he might raise offer to 0.45...example...

Posted by freetospeak > 2019-02-01 07:50 | Report Abuse

Vt plus penta already hav 87 % bjland...he need only 3 % more to compulsory takeover under section 222.....

Posted by freetospeak > 2019-02-01 07:54 | Report Abuse

Most probaby vt will use equities of bjcorp to buy other foreign fund share n use cash to buy remainder public shares...jus guessing..

Posted by lazycat > 2019-02-01 07:58 | Report Abuse

i thought PENTA INVESTMENT ADVISERS LTD is owned by KLSE: PENTA (7160) PENTAMASTER CORP BHD lol

Posted by OceanSky > 2019-02-01 08:11 | Report Abuse

From latest announcement, Penta hv 396 million Bjland shares.
They agree to swap 230 million Bjland shares with 1.26 x BjCorp shares, to get 291 million BjCorp shares.
Pls note that BjCorp notice hv stated they hv Mandate from share-holders to issue max 500 million shares (based on 10% of share capital of 5 billion). This means BjCorp hv got balance of 209 million BjCorp shares to swap with Penta remaining 166 million Bjland shares, x 1.26 = 209.16 million.
Once this second deal is done, Bj Corp + VT will control 90% of BJland; and MGO to remaining retailers will take place.
However, noted that no more BJCorp shares is available for Bj Corp to offer to Bjland minority share-holders, therefore, Cash Call shall be the only option.
Of course, 38sen or above is the offer.