With reference to Berjaya Land Berhad’s (“BLand”) announcement made on 20 December 2018, the Board of Directors of BLand now wishes to announce that following the completion of the acquisition of 230 million ordinary shares representing 4.61% equity interest in BLand by Juara Sejati Sdn Bhd, a subsidiary of Berjaya Corporation Berhad on 5 March 2019, the public shareholding spread (“Public Spread”) of BLand was reduced accordingly from 19.67% as earlier announced to 15.06%.
In addition, the Board of Directors of BLand wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has approved BLand’s application for acceptance of a lower Public Spread of 15% in compliance with Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities (“Approved Public Spread”).
Pursuant to the Approved Public Spread, BLand is required to notify Bursa Securities immediately, if in conjunction with the preparation of its semi-annual returns and/or when it becomes aware of the following:- 1.any decrease in issued share capital of BLand; and 2.any decrease in the percentage of Public Spread below 15%.
Based on the above, BLand has complied with the Approved Public Spread.
This Announcement is dated 5 March 2019. 05/03/2019 20:27
Lol...it's just to buy some time for Uncle Tan before the Kyoto deal is finalized..it takes only 0.06% or another 6 million plus 1 share to breach SC requirements for public spread below 15%. Uncle Tan already given notice to deal in BJLand shares from now until end of March before the next Qtr's results which will recognize the RM500 million cash received from the Vietnam property sales...also Penta still owns about 3% balance of BJLand shares to be converted to BJCorp shares at the drop of a key...reducing the public spread further to 12.06%? If anybody got extra cash just buy it on the cheap..
Penta deal is telling me two things, VT is shrewd but VERY low class and dogs (or is it just rabbits, and we Chinese just enjoy throwing everything at dogs?) will keep eating shit, no matter what...
usually bursa will not approved public share of 15%..unless bjland able to convince them that 1) public spread will go up to 20 with restructuring plan or 2)no liquidity issue becoz gonna be privatised. seems bursa had been convinced privatisation is in progress.
Lol...only round one today...Uncle Tan just warming up as next Qtr's results and Berjaya Founder's Day on March 28 for good news on Kyoto deal just around the corner?
Btw according to Berjaya Land's announcement today, TPC Development had, on Dec 25 and Dec 27, inked a deposit agreement and a capital transfer agreement to dispose of the stake (TPC Village) to real estate firm Hanoi Hotel Tourism Development LLC.
Lol...so income from disposal of Vietnam assets will be accounted this coming qtr. ended 31 Jan. as deposit & capital transfer agreement already signed on 25v& 27 Dec. 2018 or next Qtr.?
Anybody can clarify? as BJLand made a provision for loss previously as soon as it is known e.g GMOC assets sale?
Lol...calm down my man don't have 2 resort to BM to deter people from buying...only left 0.06% for Uncle Tan to breach SC's latest public spead requirements of 15% to the road for privatisation...unless VT wants to bring in Johor Royalty as part of Berjaya's restructuring plan to buy Khazanah's proposed assets sale in Johor and subsequent public listing of BJLand's hotels & resorts in Singapore?
Lol...why only 23 sens why not make it lower still? as the benchmark of 38 sens for one BJLand to one BJCorp share at 30 sens has been set by Uncle Tan/ BJLand management for the Penta deal?
bjfood seem is the one the BOSS want limit upppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp
Luciky I have bjfood , bjauto , bjland and bjc as I said THEBOSS is playing trick they not easy to let you guys take any single 0.5sen from his pocket when we said BJland is the most cash in BJc then they chgn target see look I am right on them anyway buy all sure got one they cannot runaway
bjland's share price remains low for a good reason. VT treats his minority shareholders like shit.privatization can be delayed by five months or even five years.
williamyong8822 bjland's share price remains low for a good reason. VT treats his minority shareholders like shit.privatization can be delayed by five months or even five years. 07/03/2019 20:50
tauke TAN's answer
Vincent_Tan Why must badmouth? Give every1 chance to accumulate cheaply got wrong? 07/03/2019 22:19
those expect privatisation in the foreseeable future will be disappointed .may need to wait for years. 09/03/2019 22:11
From here, we saw VT managed to achieved his objective that's is increase the volume if compared to few years ago even making loss & without dividend given, furthermore share price much much lower according give chance to others. Bjcorp also paid the huge as bjland. Since bjland is nearly at privatise door, I think some explanation or actions will follow up. But the dissatisfaction of both companies will tarnished his reputation for quite long time.
he cannot lost toto businress toto 4d is cash biz , profit more than magnum and dmc , toto shop q 20minutes while magnum only q 10minutes . bjland got toto , loss this he got cashflow problem loss this bjc also finish . In this new rules hard timing what is the 100% still untung business gambling business , people say I dun want to drink coffee but must buy my lucky number , life is very difficult so must buy for a hope haha . all the best
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Posted by kahhoeng > 2019-03-05 21:37 | Report Abuse
VT owns BURSA? Didn't BURSA realize Penta owns another 166 million shares?!? BURSA or BURSA CLOWN?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6087465
With reference to Berjaya Land Berhad’s (“BLand”) announcement made on 20 December 2018, the Board of Directors of BLand now wishes to announce that following the completion of the acquisition of 230 million ordinary shares representing 4.61% equity interest in BLand by Juara Sejati Sdn Bhd, a subsidiary of Berjaya Corporation Berhad on 5 March 2019, the public shareholding spread (“Public Spread”) of BLand was reduced accordingly from 19.67% as earlier announced to 15.06%.
In addition, the Board of Directors of BLand wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has approved BLand’s application for acceptance of a lower Public Spread of 15% in compliance with Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities (“Approved Public Spread”).
Pursuant to the Approved Public Spread, BLand is required to notify Bursa Securities immediately, if in conjunction with the preparation of its semi-annual returns and/or when it becomes aware of the following:-
1.any decrease in issued share capital of BLand; and
2.any decrease in the percentage of Public Spread below 15%.
Based on the above, BLand has complied with the Approved Public Spread.
This Announcement is dated 5 March 2019.
05/03/2019 20:27