Posted by Good123 > 2019-03-26 16:46 | Report Abuse

possible for bjcorp to be played up so that bjland shareholders are more willing to accept similar offer like penta :)

Posted by martinchua88332 > 2019-03-26 19:14 | Report Abuse

VT will not offer the share swap deal in future.penta dumped almost all the bjcorp shares and caused a minor share price crash .

Posted by OceanSky > 2019-03-26 21:40 | Report Abuse

Further share swaps are no more possible for the remaining retailers as Bj Corp only mandate to issue additional 10% of Share Capital which is about 500 million shares, and Penta has taken 291 million.
After SC give special exemption for Bj Land public holding at slightly above 15%; the urgency to delist Bj Land is no longer the first priority.

Posted by OceanSky > 2019-03-26 22:09 | Report Abuse

We have invested Bj Land first was due to their successful launch of Four Season Hotel at Kyoto.
After two three years waiting time, there were bad news on Bj Land at :
1. Jeju Resort, default by Korea government, JDC law suit of RM500mil ++ ;
2. China Great Mall (50% default payment), arbitration proceeding of RM660 million;
3. Exit of property development at Vietnam, BVIUT, BVFC, and one more Vietnamese Venture;
4. Another possible exit on Sheraton Hotel 50% ownership, value could be RM500 million;
4. Undissolved Court Case with Selangor State Government on Selangor Turf Club (STC), law suit over RM1.0 billion, and unable to start the Mega Development at Sg. Besi, est about RM12 billion.

As minority share holders, we are not able to participate on the negotiations between Group and the respective parties, we only could hope for the best deal.
However, as an investor, I always assume if I'm VT, which in past two years, aggressively accumulated his share holding to 85% and yet seeing the price stay at 26c.
What will be his feeling?

Posted by gangnam > 2019-03-26 22:13 | Report Abuse

Lol...this is good news as those with deep pockets...is time to accumulate cheaply, as almost all big impairments has been recognised in BJLand's accounts...starting with next qtr. should show profit with recognition of Vietnam property sale of RM222m...should the money from Jeju Korea compensation of RM1.4 Billion and GMOC property sale of RM600 Million comes this year...the provision for impairment in BJLand's account for this property sales will be reversed and added back to profit...

Posted by OceanSky > 2019-03-26 22:23 | Report Abuse

Let's refresh what had VT say on 17-December-2018.

1. Disposal of Four Season Hotel at Kyoto, to release proceed of USD700~800 mil (RM2.8~3.0 billion); Bj Land received 50% of the proceeds, once the deal completed, he shall give out dividens. I strongly believe VT will give dividends on both Bj land & Bj corp; as the earning will be splitted into 50-50 basis.
2. The remaining proceeds shall be utilised as working capital of Four Season Hotel & Residences development at Okinawa. Another Meja Development with GDV of USD400 mil, to generate GSV of USD1.0 billion in 4 years.
3. Listing of Malaysia Hotels in Singapore Stock Exchange, SDX;
4. Then only call for de-listing of Bj Land.

As step 2, Okinawa development is long term plan, it will affect the de-listing exercise.

Therefore, we could ignore step 2.

Let say, step 1 take another 3 mths, it could complete at June-2019;
And step 3, listing Hotels at SDX maybe doen at July-Aug 2019;

Then de-listing of Bj Land could happen at Sept-2019, and completed before end 2019.

Posted by Eddysurge > 2019-03-27 03:13 | Report Abuse

Step 1 Yes,can be. Step 2. Shall be , Step 3 listing Singapore ,do you think.,now also can. Step 4.privatise, doubt. My thought.

Posted by leek > 2019-03-27 05:46 | Report Abuse

https://www.sinchew.com.my/pad/con/2019-03/15/content_2022609.html

（吉隆坡15日讯）丹斯里陈志远属下的成功集团(BJCORP,3395,主板工业产品服务组)澄清，并未在韩国济州岛项目中亏损2亿美元(约8亿2000万令吉)，而是针对项目告吹向韩国政府索偿3亿5000万美元(约14亿3000万令吉)。

成功集团发文告针对刊登在报章的广告作出澄清，一些人认为该集团蒙受2亿美元亏损，这是完全误解。

济州岛项目是由该集团旗下成功置地(BJLAND,4219,主板消费产品服务组)负责。

成功集团在济州岛项目已投资逾2亿美元，包括购地、基建、建筑和其它成本。此投资金额不代表该公司蒙受亏损。

成功集团已起诉韩国政府属下的济州自由国际城市发展中心(JDC)以索偿3亿5000万美元，因JDC脱售给成功集团的部份地段，最终被法庭宣判无效，必须退回给之前的地主，成功集团因此放弃该项目和向JDC索偿。

该集团有信心可成功索偿。

成功置地是在2015年11月宣布起诉济州城市发展中心违约。

Posted by leek > 2019-03-27 05:48 | Report Abuse

BETTER NO PRIVATISATION... BECAUSE SO MUCH MONEY GONNA COME BACK TO BJLAND

BUT SINCE PENTA ALREADY TOOK ACTION... 99% CONFIRM IT WILL BE PRIVATISED AND MAYBE RELISTING ON BURSA ONCE MONEY FROM KOREA RETURN...

Posted by leek > 2019-03-27 05:50 | Report Abuse

WHEN COURT CASE WINNING ANNOUNCE 1.42 BIL IS ALMOST THE CURRENT MARKET CAP

Posted by leek > 2019-03-27 05:51 | Report Abuse

VT WILL HAVE TO OFFER 1.00 PER SHARE TO PTIVATISE

Posted by Good123 > 2019-03-27 09:09 | Report Abuse

expecting people to sell bjcorp to switch to bjland

Posted by Good123 > 2019-03-27 09:09 | Report Abuse

bjcorp 27sen, bjland 25.5sen now

Posted by leek > 2019-03-27 10:09 | Report Abuse

SELL SELLLLLLL HEHE

Posted by Eddysurge > 2019-03-27 12:38 | Report Abuse

Bjland body still fine ,but soul gone.

Posted by 129055444514385 > 2019-03-27 12:46 | Report Abuse

At such level, VT SHOULD TAKE IT PRIVATE LIKE BERJAYA SINGER LAST TIME

Posted by 129055444514385 > 2019-03-27 12:47 | Report Abuse

About 15% not possessed, privatize it and relist later like kfc, Leong hup, Astro, etc

Posted by stahl2017 > 2019-03-27 14:14 | Report Abuse

0.25, lets watch show!!

Posted by Annetan > 2019-03-27 14:22 | Report Abuse

If he has not intention to take it private,why would he wants to increase his stake to 85% now?Making money from his counter has never been easy,you have to endure the pain no matter how cheap you buy.Hence don't buy too many in one go,buy it slowly.

Posted by kahhoeng > 2019-03-27 14:50 | Report Abuse

Annetan, there are many reasons why Bjcorp raising interests in bjland. It's not a problem if the offer is extended to other minorities. It's a problem when an offer is only doled out to a particular party who had just acquired those stakes days before. What's worse, a deal that pushed public shareholding spread to 85% while bursa and SC are silent with no public announcement on the why! Even worse, the party involved sold his stakes to another party his 'converted' shares without any SC and Bursa investigation!!!

Posted by Eddysurge > 2019-03-27 22:11 | Report Abuse

Well, this bjland can be superb if Kyoto hotel money use for privatised this company.

Posted by Eddysurge > 2019-03-27 22:14 | Report Abuse

Just frighten if the subscriber number increase large.

Posted by martinchua88332 > 2019-03-28 00:46 | Report Abuse

the foreign fund dumped bjland today. keep dreaming.

Posted by Eddysurge > 2019-03-28 01:08 | Report Abuse

More investors dumped, means no points listed, soon privatised ..

Posted by Eddysurge > 2019-03-28 01:15 | Report Abuse

Only hope 13% warriors can able to resist the cruelest attacks.

Posted by Eddysurge > 2019-03-28 01:26 | Report Abuse

This also will let berjaya group investors witnessed the potential assets rich company ended up.

Posted by leek > 2019-03-28 06:59 | Report Abuse

BENNNNNNTAAA CAN HIRE SYNDICATES TO BUY & SELL BJLAND... THIS IS TO SCARE OFF SMALL SHAREHOLDERS... THEY COULD SHORT SELL AND BUY AT LOWER PRICE.... LEFT HAND SELL TO RIGHT HAND... THEY SOLD & BOUGHT BJLAND ALL THE WAY TO 0.18... AND BUY A FEW MILLIONS TO PUSH IT BACK UP TO 0.30...

THEY MIGHT USE THE SAME TACTICS AGAIN AS THEY STILL HOLD BJLAND SHARES... BUT NOW ONLY 15% SHARE LEFT...

15% SHARES OR 760MILLIION SHARES LEFT IN MARKET...

PENTA STILL HOLD 3.2% BJLAND OR 160MILLION SHARES.... WHICH MEANS VT JUST NEED TO ENSURE HE CAN BUY BACK THE 11.8% OF SHARES FROM THE MARKET WHEN HE LAUNCH THE PRIVATISATION OFFER...

THEY NEED TO COLLECT ANOTHER 1.8% BEFORE RESURFACE TO BE SUBSTANTIAL SHAREHOLDER... AND VT TECHNICALLY JUST NEED TO BUY THE 10% FROM THE OPEN MARKET...

WHAT IS THE BURSA RULE ABOUT LISTED COMPANY BEING PRIVATISE???? MUST VT BUY BACK 100% OF SHARES??? OR CAN HE STILL PRIVATISE THE COMPANY IF HE ONLY CAN BUY BACK 95% OF SHARE??? =D

Posted by leek > 2019-03-28 07:38 | Report Abuse

HOLD ON TIGHT!!!! HANDSOME REWARDS IS COMING!!!!

Posted by 129055444514385 > 2019-03-28 09:35 | Report Abuse

Investors will switch from bjcorp to bjland, hold your breath

bjcorp 27sen vs bjland 25sen but recently the shares swapped between bjcorp and bjland were valued at 30 sen and 38 sen respectively... likely, investors will switch from bjcorp to bjland now :)

Posted by 129055444514385 > 2019-03-28 09:47 | Report Abuse

privatisation is on the way for bjland... VT has done it before, nothing new to him :)


Vincent Tan counters in the spotlight after 2 privatisations
The Editor

TheEdge

July 11, 2011 05:46 am +08


KUALA LUMPUR: Stocks related to Berjaya Group chairman Tan Sri Vincent Tan Chee Yioun may warrant a second look with two companies taken private the past four months.

Last Thursday, Tan’s flagship Berjaya Corp Bhd (BCorp) offered to privatise Hong Kong-listed Cosway Corp Ltd at 45% premium to the latter’s five-day volume weighted average price. That came just four months after a takeover of Berjaya Retail Bhd (BRetail), taken private at 30% premium to its IPO price after only being listed for seven months. Will there be more privatisations to come?

Market watchers reckon that Tan has demonstrated the ability and drive to take action should there be more value to be had. BRetail, which houses 7-Eleven convenience stores and Singer outlets, for instance, was taken private because its shares were trading below their IPO price of 50 sen, Tan’s vehicle Premier Merchandise said in a statement in March.

BCorp’s statement on Cosway last week and the premium to market price it was willing to pay spoke of Tan’s confidence that Cosway could be worth a lot more in a different form. “Cosway could potentially become the main core business for BCorp and will underpin BCorp Group’s performance going forward,” it said of the unit which was floated on the Hong Kong Stock Exchange in November 2009 via a reverse takeover of Berjaya Holdings (HK) Ltd.

With little insight into Tan’s plans for Cosway and perhaps the fact that it could take some time before more value can be seen, BCorp only gained one sen or 0.81% to RM1.25 last Friday.

But with Tan’s drive to create value, should BCorp be worth more? CIMB Research, the only brokerage that has updated its recommendation on BCorp this year, has a “hold” on the stock and a target price of RM1.38 as at June 30, Bloomberg data showed. That implies only 10.4% upside potential from last Friday’s close.

BCorp was trading at a demanding 28 times forward earnings, though the stock was below its book value of RM1.40 based on its FY ended April 30, 2011 numbers.

Then there’s the question of whether there will be more privatisations within the Berjaya group of companies?

Besides the flagship BCorp, Tan’s other locally listed companies include Berjaya Land whose unit Berjaya Air Sdn Bhd recently spread its wings to Indonesia via a joint-venture with PT Lion Mentari Airlines, the parent company of the archipelago’s largest private carrier Lion Air. There’s also Berjaya Media and newly listed Berjaya Food, which operates the Kenny Rogers Roasters chain of restaurants in Malaysia. Most widely covered among Tan’s holdings is numbers forecast operator Berjaya Sports Toto, which owns Philippine Stock Exchange-listed Berjaya Philippines Inc, a lottery business operator which leases online lottery equipment to the Philippine Charity Sweepstakes Office.

One company that seems to be on the radar is Berjaya Media (BMedia) which has gained 28% year-to-date. The stock trading below its book value of 70 sen apiece for some time hit a new 52-week high of 75 sen on July 5 . At the close of 71 sen last Friday, BMedia was up 6% for the week and was 77.5% above its 52-week low of 40 sen on Aug 27, 2010.

BMedia returned to the black in its FY ended April 30, 2011, posting a net profit of RM11.7 million from a net loss of RM4.65 million a year ago. Tan, who already controls 66% of BMedia, can well afford a privatisation with BMedia’s market capitalisation at only RM165.3 million.
This article appeared in The Edge Financial Daily, July 11, 2011.

Posted by 129055444514385 > 2019-03-28 09:55 | Report Abuse

Compensation is expected to be received soon :)

30 April 2012
Berjaya Land to acquire up to 20% in Posco Group's RM 9 billion project in South Korea, to seal deal by August or September 2012 - Director Tan u-Jiun
(BJLAND closing stock price today (30.4.2012) was 83.5 sen)

BERJAYA Land Bhd (BLand), a property and gaming company, is close to inking a partnership agreement with South Korean steelmaker Posco Group on the acquisition of up to 20 per cent in the former's US$3 billion (RM9 billion) project in South Korea.

BLand is developing Berjaya Jeju Resort through its subsidiary, Berjaya Jeju Resort Ltd (BJR), on a 73.2ha site in Yeraedong in Seogwipo City, southwest of Jeju island.

BJR director Tan u-Jiun told Business Times in an interview that it expects to seal the deal with Posco by August or September this year.

"Posco will take not more than 20 per cent stake in the development and they will help to develop it," Tan said.

Posco, which is listed in Seoul, Tokyo, London and New York, is involved in railway development, construction of buildings and infrastructure and steel manufacturing.

This will be the first partnership for Posco in Malaysia and the agreement with BLand is via its unit, Posco Engineering & Construction Co Ltd.

Tan, the younger son of Berjaya group founder Tan Sri Vincent Tan, said the first phase of the project comprising 212 units of luxury villas and market place is slated to be launched by the end of this year or early next year.

"We are awaiting the final approval for the Environmental Impact Assessment on our revised masterplan. We expect it to complete in May," Tan said.

The integrated project will have 1,403 condominium units, villas and bungalows, 935 hotel rooms, a one million sq ft retail mall that will be the largest in Jeju, a medical facility and a market place which will comprise super luxury shops and single-storey residences.

The landmark tower will be a 45-storey hotel, which will be the tallest building on the island. Complementing that is a 505-room casino hotel, which will be South Korea's largest casino complex, Tan said.

"We are launching the villas and market place first to attract higher paying customers to the development. Once the market is guaranteed and it creates an aspirational image, we will release the medium-tier properties," he said.

Tan said BJR hopes to start constructing the villas and market place by August this year.

According to him, BLand has invested close to US$150 million (RM450 million) on infrastructure works for the project, which was completed in December last year. The project will take five to six years to develop.

"We are targeting the Koreans and Europeans. We don't think the European market will be strong because of the eurozone debt crisis but we expect same sales there. We are also targeting China and Japan," Tan said.

Berjaya Jeju Resort recently won an award in the category of mixed- used development for South Korea at the Asia Pacific Property Awards 2012.

Source: www.btimes.com.my

Posted by 129055444514385 > 2019-03-28 10:16 | Report Abuse

After selling the Kyoto hotel, bjcorp has cash to buy all the remaining shares in bjland, about 15% not owned only :)

Posted by leek > 2019-03-28 11:09 | Report Abuse

YUPE... VT SO FAR NEVER OFFER CHEAP DEAL FOR PRIVATISATION... TOUCH WOOD... =D

Posted by Eddysurge > 2019-03-28 11:58 | Report Abuse

Papa also reminds if out there so many wolves, have to think way how to prepare meat for them! Really hard!!

Posted by ivan9511 > 2019-03-28 17:32 | Report Abuse

Where is the special dividend 50sen
Vt faster announced 50sen special dividend or private at 1 ringgit for cash rish bjland .
Dun u turn go to private bjc at 1 ringgit later ?

Posted by chesslim > 2019-03-28 23:46 | Report Abuse

when comfirm the special dividend ? i want to buy.

Posted by nickleeson > 2019-03-29 08:34 | Report Abuse

soon once sell kyoto 4 seasons

Posted by leek > 2019-03-29 13:41 | Report Abuse

IF RETAIL INVESTORS KEEP BUYING BJLAND... IT WILL FORCE PENTA TO LET GO OF THEIR 3.2% BJLAND SHARES... =D THEY ARE BUILDING ROADBLOCK AT 0.25... =D

Posted by Eddysurge > 2019-03-29 13:48 | Report Abuse

After give 50cents, can many still buy at 25cents? Aiya!! Okinawa hotel can borrow money from bank , next qtr red sea again!

Posted by Eddysurge > 2019-03-29 13:54 | Report Abuse

No,no! Maybe jeju and others money also received, can fill the hole.

Posted by Eddysurge > 2019-03-29 14:04 | Report Abuse

Why boss macai no buying?

Posted by Eddysurge > 2019-03-29 14:07 | Report Abuse

Penta spy can detect what you offer here.

Posted by Eddysurge > 2019-03-29 14:16 | Report Abuse

Boss macai so hard offer penta sold 4.3% bjland. You asked investors buying 25cents
How bjcorp board think?

Posted by leek > 2019-03-29 14:49 | Report Abuse

RELAX... THERE ARE GIANTS AMONG RETAIL INVESTORS TOO... THEY CAN AFFORD TO SAPU ALL SHARES FROM PENTA... WILL SEE HOW MUCH PENTA IS WILLING TO SELL BEFORE THEY PUSH UP THE PRICE AGAIN... =D

Posted by Eddysurge > 2019-03-29 14:58 | Report Abuse

Those giant's must be idiot, they know everything must get approval from VT.

Posted by leek > 2019-03-29 15:09 | Report Abuse

YEAH... ONCE VT APPROVE... THE SHARE PRICE WILL GO LIMIT UP LIKE MAA... =D

BUY AND WAIT FOR HANDSOME REWARDS... =D

Posted by Eddysurge > 2019-03-29 15:17 | Report Abuse

Too much demand, no need privatise. Special dividend will be cut to distribute for all.

Posted by leek > 2019-03-29 16:40 | Report Abuse

VT WILL PRIVATISE BJLAND.... SO HE DOESN'T HAVE TO SHARE WITH THE SMALL SHAREHOLDERS WHEN HE RECEIVES MONEY APPROX 2BIL FROM JDC KOREA AND CHINA MALL... =D

Posted by stockraider > 2019-03-29 16:42 | Report Abuse

Not true loh...privatise bjland thus VT share with bjcorp shareholder mah.......!!


Posted by leek > Mar 29, 2019 4:40 PM | Report Abuse

VT WILL PRIVATISE BJLAND.... SO HE DOESN'T HAVE TO SHARE WITH THE SMALL SHAREHOLDERS WHEN HE RECEIVES MONEY APPROX 2BIL FROM JDC KOREA AND CHINA MALL... =D

Posted by leek > 2019-03-29 16:56 | Report Abuse

VT WILL SHARE WITH BJCORP SHAREHOLDERS ONCE HE RELIST THE HOTELS BUSINESS IN SINGAPORE....

THEN INJECT SOME ASSETS INTO BJASSETS TO PLEASE THE PARTNERS...

THEN BJCORP WILL USE DOUBLE OR TRIPLE THE BJLAND PRIVATISATION PRICE TO BUY THE REMAINING NO HALAL BUSINESS E. G. BJSPORTSTOTO....FROM VT AFTER PRIVATISE BJLAND... =D