Posted by nickleeson > 2019-04-20 23:13 | Report Abuse

with sale of 4seasons, the sun has set at the land of the rising sun

Posted by 129055444514385 > 2019-04-22 09:19 | Report Abuse

The price between bjcorp and bjland is almost 5sen apart.... grab some bjland b4 the chance disappeared:)

Posted by Good123 > 2019-04-22 10:44 | Report Abuse

few + factors e. g. privatization at 38sen or higher like the 38sen offered to penta recently, sale of Kyoto hotel could drive the price to exceed 30sen, confirmation of the purchase of land in sg besi near bandar Malaysia, govt effort to get of illegal competitors of bjtoto, etc

Posted by leek > 2019-04-22 11:02 | Report Abuse

BIG ROCK PRESS ON CRAB LA WEI... HOW TO MOVE....

Posted by 129055444514385 > 2019-04-22 12:32 | Report Abuse

either privatization or restructuring is coming... VT is very good at it hahaha

Berjaya Land Bhd


Berjaya Land Berhad ("B-Land") was incorporated in 1990 to implement the Restructuring Scheme undertaken by Sports Toto Malaysia Sdn Bhd ("Sports Toto") whereby the entire paid-up capital of Sports Toto was acquired by B-Land. Simultaneously, B-Land made major acquisitions of various property and leisure activities which were funded via a Rights and Special Issue.

Sport Toto was incorporated in 1969 by the Malaysian Government for the purpose of running Toto betting under Section 5 of the Pool Betting Act, 1967. It was privatised in 1985 when its Chief Executive Officer, Tan Sri Dato' Seri Vincent Tan Chee Yioun, through his private company acquired 70% of the paid-up capital. Sports Toto was listed on Bursa Malaysia Securities Berhad in July 1987.

Subsequently, in November 1987, RekaPacific Berhad (formerly known as Berjaya Industrial Berhad) ("RekaPacific") completed a general offer to Sports Toto which resulted in Sports Toto becoming a subsidiary of RekaPacific.

On 11 October 1996, Berjaya Group Berhad ("BGroup") completed the purchase of Teras Mewah Sdn Bhd ("TMSB"), a wholly-owned subsidiary company of RekaPacific. On 28 August 1996 TMSB completed the purchase of the entire shareholding in B-Land from RekaPacific comprising approximately 247.5 million ordinary shares, 49.8 million warrants and RM82.8 million Irredeemable Convertible Unsecured Loan Stocks for a total consideration of approximately RM931.1 million. As a result, B-Land became a direct subsidiary of BGroup which in turn is a wholly-owned subsidiary of Berjaya Corporation Berhad("BCorp").

Posted by 129055444514385 > 2019-04-22 12:36 | Report Abuse

about 15% in the public hand.... easy to privatize at this stage.... anytime.... hahaha

PUBLIC SHAREHOLDINGS SPREAD

BERJAYA LAND BERHAD


Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD

Description PUBLIC SHAREHOLDING SPREAD COMPLIANCE PURSUANT TO PARAGRAPH 8.02 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD




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.








Announcement Info

Company Name BERJAYA LAND BERHAD
Stock Name BJLAND
Date Announced 05 Mar 2019
Category General Announcement for PLC
Reference Number GA1-05032019-00075

Posted by 129055444514385 > 2019-04-22 12:38 | Report Abuse

maybe, need penta to sapu from the open market one more round before opening the offer to existing minority shareholders hahaha

Notice of Person Ceasing (Section 139 of CA 2016)

BERJAYA LAND BERHAD

Particulars of Substantial Securities Holder

Name PENTA INVESTMENT ADVISERS LTD
Address Craigmuir Chambers
Road Town Tortola
Virgin Islands, British.
Company No. 275975
Nationality/Country of incorporation Virgin Islands, British
Descriptions (Class) Ordinary Shares

Date of cessation 05 Mar 2019
Name & address of registered holder (1) PCM Industrial LP, Craigmuir Chambers, Road Town Tortola, BVI - Disposed 40,000,000
(2) Penta Master Fund Ltd, Craigmuir Chambers, Road Town Tortola, BVI - Disposed 130,000,000 shares
(3) Penta Asia Long/Short Fund Ltd, Craigmuir Chambers, Road Town Tortola, BVI - Disposed 60,000,000 shares


No of securities disposed 230,000,000
Circumstances by reason of which a person ceases to be a substantial shareholder Direct Business Transactions to UBS Securities Malaysia Sdn Bhd. Penta Investment Advisers Ltd is adviser to the fund.

Nature of interest Direct Interest


Date of notice 05 Mar 2019
Date notice received by Listed Issuer 05 Mar 2019




Remarks :
Direct Interest No. of Shares
------------------- ------------------
(1) PCM Industrial LP 165,734,696
(2) Penta Master Fund Ltd 1
(3) Penta Asia Long/Short Fund Ltd 451,292

-----------------
166,185,989
==========





Announcement Info

Company Name BERJAYA LAND BERHAD
Stock Name BJLAND
Date Announced 05 Mar 2019
Category Notice of Person Ceasing To Be Substantial Shareholder Pursuant to Section 139 of CA 2016
Reference Number CS3-05032019-00002

Posted by 129055444514385 > 2019-04-22 12:40 | Report Abuse

Bjcorp might sapu from the open market again breaking the public SHAREHOLDINGS threshold below 15% AND ANNOUNCE PRIVATISATION... HOLD YOUR BREATH :)

BERJAYA CORPORATION BERHAD 05-Mar-2019 Acquired 230,000,000 0.000 View Detail
BERJAYA GROUP BERHAD 05-Mar-2019 Acquired 230,000,000 0.000 View Detail
JUARA SEJATI SDN BHD 05-Mar-2019 Acquired 230,000,000 0.000 View Detail
PENTA INVESTMENT ADVISERS LTD 05-Mar-2019 Notice of Person Ceasing 230,000,000 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 05-Mar-2019 Acquired 230,000,000 0.000 View Detail
PENTA INVESTMENT ADVISERS LTD 23-Jan-2019 Acquired 45,415,369 0.000 View Detail
PENTA INVESTMENT ADVISERS LTD 18-Jan-2019 Notice of Interest 101,584,632 0.000 View Detail
TAN SRI DATO SERI VINCENT TAN CHEE YIOUN 28-Aug-2018 Acquired 2,000,000 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 21-Aug-2018 Acquired 2,000,000 0.000 View Detail
TAN SRI DATO SERI VINCENT TAN CHEE YIOUN 20-Aug-2018 Acquired 10,000,000 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 26-Jun-2018 Acquired 60,000 0.000 View Detail
TAN SRI DATO SERI VINCENT TAN CHEE YIOUN 22-Jun-2018 Acquired 13,000 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 12-Jun-2018 Acquired 2,000 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 07-Jun-2018 Acquired 220,000 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 05-Jun-2018 Acquired 3,000 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 04-Jun-2018 Acquired 25,000 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 01-Jun-2018 Acquired 140,000 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 31-May-2018 Acquired 200,000 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 31-May-2018 Acquired 20,000 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 30-May-2018 Acquired 2,000,000 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 07-May-2018 Acquired 600,000 0.000 View Detail
BERJAYA CORPORATION BERHAD 04-May-2018 Acquired 1,221,600 0.000 View Detail
BERJAYA GROUP BERHAD 04-May-2018 Acquired 1,221,600 0.000 View Detail
TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 04-May-2018 Acquired 1,221,600 0.000 View Detail
BERJAYA CORPORATION BERHAD 03-May-2018 Acquired 3,000,000 0.000

Posted by Good123 > 2019-04-22 13:13 | Report Abuse

penta or another party like penta has emerged to sapu shares from the open market and sell to bjcorp or VT later? :) volume traded had accelerated

Date Close Volume
19/04/2019 0.22 7,084,900
18/04/2019 0.215 9,987,500
17/04/2019 0.23 1,725,700
16/04/2019 0.235 3,835,500
15/04/2019 0.24 1,735,100
12/04/2019 0.245 11,327,800
11/04/2019 0.245 904,200
10/04/2019 0.245 395,200
09/04/2019 0.25 1,309,400
08/04/2019 0.255 1,036,100
05/04/2019 0.25 4,323,600
04/04/2019 0.255 1,389,600
03/04/2019 0.25 914,300
02/04/2019 0.255 982,500
01/04/2019 0.25 3,151,200
29/03/2019 0.25 2,696,700
28/03/2019 0.25 2,079,000
27/03/2019 0.25 5,280,400
26/03/2019 0.255 428,300
25/03/2019 0.26 2,112,800

Posted by Good123 > 2019-04-22 13:15 | Report Abuse

only about 15% remained in the public hand better privatize it and remove from the stock exchange :)

Posted by Good123 > 2019-04-22 13:19 | Report Abuse

minority shareholders watchdog group should raise the issue pertaining to the 38sen offered on bjland to penta but not to other minority shareholders ? :)

Posted by Newcummer1 > 2019-04-22 13:23 | Report Abuse

Better >38sen special div from hotel sales

Posted by kahhoeng > 2019-04-22 13:31 | Report Abuse

I have put in a lot of effort seeking minorities' rights on Puncak Niaga a few years back. It's a great experience with a lot of wasted time resulting in ZERO benefit for minorities. Any effort by any of you, genuinely hope that you would achieve something.

Posted by Shines > 2019-04-22 13:44 | Report Abuse

Save our effort up la, to complain no use

Posted by Shines > 2019-04-22 13:48 | Report Abuse

Who knows RTD got 40 - 50 personels kena aldy, who knows in SC got or not.

Posted by Newcummer1 > 2019-04-22 13:58 | Report Abuse

Don’t need complain la. Just wait for the rewards as promised .

Posted by Newcummer1 > 2019-04-22 13:58 | Report Abuse

Already give chance buy cheaper

Posted by Sslee > 2019-04-22 14:20 | Report Abuse

Dear all,
I had written an email to make clarification from Bursa as below:
BJLAND announcement on 5th March 2019
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6087465
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”).

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6054497
BJCORP acquired 230,000,000 (4.61%) Bjland share value at RM 87.40 million or 38 cents per share by issued 291.33 million BJCORP share to PENTA INVESTMENT.
After disposal PENTA INVESTMENT still hold 166.186 million (3.32%) and with TSVT deemed interest 83.24%. Thus free float is now about 13.44%.
Question3. I quote Paragraph 8.02(1) “The Exchange may accept a percentage lower than 25% of the total number of listed shares (excluding treasury shares) or listed units if it is satisfied that such lower percentage is sufficient for a liquid market in such shares or units.” May I know how Bursa determined liquid market in such a share? And why Bursa did not insist TSVT privatize BJland by offer 38 cents per share for the rest of the BJland share he and PAC do not owned?

The reply below is beyond very disappointing:

Dear Sir/Madam,
Reference is made to your email on the above matter.
As we have mentioned earlier the case relating to the above is outside the purview of the Exchange. However, we have forwarded the issues to the line department concerned again for their feedback on the matter.

Thank you.
Bursa 2U
Bursa Malaysia Berhad
Our Ref: CC/43/19

P/S: https://klse.i3investor.com/blogs/kianweiaritcles/203333.jsp
I agreed totally with the writer above view
“Instead of encouraging more people to invest in the stock market blindly, the focus should be on making the market more efficient and transparent. The authorities must monitor the listed companies to prevent them from indulging excessive corporate abuse for the benefits of controlling shareholders.
Sometimes I see captains of industries and bosses of corporation destroying rather than creating values”

Posted by Good123 > 2019-04-22 14:37 | Report Abuse

agreed, offer to penta should be offered to all minority shareholders.... MSWG should pursue this matter with SC, Bursa on behalf of all minority shareholders.... if penta is a friendly to VT, the actual shareholdings in the public hand is only 11%+ as penta still holds 3%+ , correct me if I were wrong

Posted by Good123 > 2019-04-22 14:44 | Report Abuse

I think it is very likely the actual shareholdings about 11% + still in the public hand be made similar offer like the one to penta recently... penta still hold 3%+ only if not mistaken.... very unfair to minority shareholders

Posted by 129055444514385 > 2019-04-22 14:56 | Report Abuse

Looking at the recent volume traded, something interesting might be coming :)

Date Open Range Close Change Volume
19/04/2019 0.22 0.22 - 0.225 0.22 +0.005 (2.33%) 7,084,900
18/04/2019 0.23 0.215 - 0.23 0.215 -0.015 (6.52%) 9,987,500
17/04/2019 0.235 0.225 - 0.235 0.23 -0.005 (2.13%) 1,725,700
16/04/2019 0.24 0.23 - 0.24 0.235 -0.005 (2.08%) 3,835,500
15/04/2019 0.245 0.24 - 0.245 0.24 -0.005 (2.04%) 1,735,100
12/04/2019 0.245 0.24 - 0.245 0.245 0.00 (0.00%) 11,327,800
11/04/2019 0.25 0.245 - 0.255 0.245 0.00 (0.00%) 904,200
10/04/2019 0.245 0.245 - 0.25 0.245 -0.005 (2.00%) 395,200

Posted by 129055444514385 > 2019-04-22 14:57 | Report Abuse

now, the volume traded already at 6,065,600 :) more to come :)

Posted by 129055444514385 > 2019-04-22 14:59 | Report Abuse

buy rate exceeding 90% now........ :)

Posted by 129055444514385 > 2019-04-22 15:26 | Report Abuse

Just waiting for acceleration, buy rate exceeding 90%

Posted by leek > 2019-04-22 15:37 | Report Abuse

HAIH... PENTA GOT NO DIRECT PARTNERSHIP WITH VT... COMPLAIN ALSO NO USE...

BIG ROCK PRESS ON CRAB LA...

Posted by kahhoeng > 2019-04-22 15:56 | Report Abuse

Also means'a lot' queue to sell at .27

Posted by kahhoeng > 2019-04-22 16:19 | Report Abuse

Sslee, you should write to SC

Posted by ivan9511 > 2019-04-22 16:47 | Report Abuse

why VT everday show off on Media
now all sector include property , oil and many many non related also limit upppppppppppppppppppppppppp
this Bjland got Vt said super Undervalued going down ??????????
I also not undersatnd
even Iklams loss a lot of money also limit upppppppppppppppppppppppppppppppppppppppppppppppppp
So is that mean I kincau close my eye closed one counter also can upppppppppppppppppp
eg.Reach loss money but uppppp
just close eye close and skip bjland then you will buta - buta untung a lot of money

Posted by Lim Ha > 2019-04-22 17:15 | Report Abuse

All minor shareholder can go to lodge police report if really vt doesnt offer better than penta deal and make it a political issue in the media.

Posted by Sslee > 2019-04-22 18:29 | Report Abuse

Dear Kahhoeng,
Actually I wrote to both SC and Bursa:
Dear SC,
Thank you for your re-ensuring that SC is still reviewing the Xingquan case. It is my hope that the case can be brought to it fair and just conclusion so that justices is done and whoever break the law will be punished severely.

I then brought out the BJland case address to Bursa:
BJLAND announcement on 5th March 2019
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6087465
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”)

I am disappointed and sad that for far too long BURSA had failed its sacred duty and responsibility to protect the interest of investing public by allowing major shareholder gets away with short-charging the minority shareholders. It is my hope that someday BURSA shall stand up, protect the interest of minority shareholder by not kowtow to the self-serving major shareholder unfair request and hold major shareholder accountable and take them to task.

https://www.theedgemarkets.com/article/cover-story-sc-looking-address-bursas-conflicting-roles

Perhaps it is time now to address Bursa conflicting roles. SC is more professional now and answered my email complaint in another case with following:

Dear Sir,

Thank you for your email dated 30 March 2019.

Please be informed that your email has been forwarded to the officer in charge for their review.

Your case has been logged under Case Reference: [Case: SC2019-3819]. Please quote this reference number for any future communications.

In the meanwhile, you may contact us at 03-6204 8999.

Thank you

Kind regards,

Aduan Duty Officer
Consumer & Investor Office
Securities Commission Malaysia

Posted by kahhoeng > 2019-04-22 18:42 | Report Abuse

Sslee, thanks for your efforts. Despite my poor encounter with SC earlier, I still think it's the ONLY who's more willing to exercise what's right compared to other agencies. Genuine hope you would make a difference this time. Personally, I would fight along anyone seeking bjcorp, within a stipulated time frame (preferably 6 months), to make an offer that would include an option of exchanging bjland shares into bjcorp shares at 0.38:0.30 ratio as was offered to penta earlier.

Posted by Shines > 2019-04-22 20:31 | Report Abuse

If SC found any wrong doing, the fines collected goes to their coffer, not a single sen is reimburse back to the shareholers.

Posted by kahhoeng > 2019-04-22 21:23 | Report Abuse

Guess that's how Malaysia equity market screw up minorities?

Posted by 129055444514385 > 2019-04-23 00:01 | Report Abuse

Public only holds 11%+, penta 3%+, bjcorp should offer the share swap to all minority shareholders not just penta... hopefully SC /bursa would force bjcorp reoffer it to all minority shareholders

Posted by Sslee > 2019-04-23 09:17 | Report Abuse

Dear Kahhoeng,
Previously I wrote in my blog post on subject: The lack of deterrent sentencing for white collar crime! Whose fault?
https://klse.i3investor.com/blogs/Sslee_blog/192627.jsp

In the above article I spell out the primary responsibility for investigating white collar crime in Malaysia:
Bursa Malaysia, which only has its listing requirements to rely on, and which in turn largely relates to listing requirement/regulation and breach of disclosure of information offend.

SC relay on CAPITAL MARKETS AND SERVICES ACT 2007 to act: insider trading and BOT/Fraud case.

Bursa Malaysia is entrusted to enforce rule and regulation on listing requirement like Share Spread, MGO, PN17 and occasionally make query on share unusual movement, material disclosure and quarterly report material disclosure and etc. The most they can do is public reprimand and fine the director for offend under listing requirement. Bursa also have power to approve IPO, PP, RI, Bonus, Split, Consolidation, PN17 regulation plan and also power to waive share spread requirement, MGO and etc under certain conditions request by major shareholder.

SC is empowered to investigate and prosecute offend under CMSA: Insider trading, Breach of Trust in relation to account/material frauds. They have power to summon external auditor, company secretary and director for questioning/investigation and subsequent prosecute them in Malaysia Court in offend related to CMSA Act.

SC can also invoke CMSA section 358 in the public interest, taking legal action to recover loss on behalf of Malaysian shareholders who suffer loss or damage by reason of blatant fraud/scam by CEO and Board of Director.

Thank you
P/S: https://klse.i3investor.com/blogs/Sslee_blog/200257.jsp

Posted by Good123 > 2019-04-23 10:00 | Report Abuse

very likely bursa /sc will investigate and instruct Bjcorp or VT to offer the option to penta recently to all minority shareholders... if we exclude penta existing shareholdings of 3%+ now, only about 11%+ of bjland shares are in the public hand

Posted by kayguan1 > 2019-04-23 10:50 | Report Abuse

i think we need request bursa to justify what situation is allow below 25% listed requirement? max how long is allow (no more extension)?

Posted by Good123 > 2019-04-23 10:52 | Report Abuse

VT or bjcorp should privatise bjland now... 11%+ only in the public hand, 3%+ with penta....

Posted by Good123 > 2019-04-23 10:59 | Report Abuse

done deal?

On Net Assets, Gearing and Earnings
The Proposed Disposal will not have any material effect on the net assets and gearing of the
B-Land Group. However, the Proposed Disposal will result in an estimated gain of about
RM192.33 million.
8.0 RISK FACTOR
The Proposed Disposal is conditional upon the completion of the Deposit Agreement and
Transfer Agreement as well as the approvals from the relevant Vietnamese government
authorities’ being obtained within the stipulated timeframe. In the event the Amended ERC is
not obtained within the stipulated timeframe, TPC Development will have to proceed with the
Management Handover with only one Director remaining on the Board of TPC Village. In
such event, TPC Development would already have received full repayment of the Inter-Co
Loan and 76% of the Sale Consideration with the remaining 19% of the Sale Consideration
to be paid upon actual issue of the Amended ERC. Barring unforeseen circumstances, the
Amended ERC is expected to be obtained within the stipulated timeframe. In the event the
Proposal Disposal is not completed for whatsoever reason, TPC Development will have to
refund all monies received and unwind the Management Handover with TPC Village
remaining a subsidiary of TPC Development.
Nevertheless, the B-Land Group will take all reasonable steps to monitor the progress of the
Proposed Disposal towards completion.
9. PERCENTAGE RATIO
The highest applicable percentage ratio as per the Main Market Listing Requirements of
Bursa Malaysia Securities Berhad relating to the Proposed Disposal is approximately
12.16% based on the audited consolidated financial statements of B-Land for the financial
year ended 30 April 2018.
10. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
None of the Directors and major shareholders of B-Land or persons connected to them has
any interest, direct or indirect, in the Proposed Disposal.
11. DIRECTORS' RECOMMENDATION
The Board of Directors of B-Land is of the opinion that the Proposed Disposal is in the best
interest of the B-Land Group.
12. DOCUMENTS AVAILABLE FOR INSPECTION
The Deposit Agreement and Transfer Agreement are available for inspection at the
Registered Office of B-Land at Lot 13-01A, Level 13 (East Wing), Berjaya Times Square,
No.1, Jalan Imbi, 55100 Kuala Lumpur, during normal office hours from Mondays to Fridays
(except public holidays) for a period of three (3) months from the date of this Announcement.
This Announcement is dated 28 December 2018.

Posted by Good123 > 2019-04-23 11:03 | Report Abuse

done deal?

BERJAYA LAND BERHAD
ANNOUNCEMENT
PROPOSED ACQUISITION OF 100% STAKE IN GEIRSGATA 11 EHF
1. INTRODUCTION
The Board of Directors of Berjaya Land Berhad (“B-Land”) wishes to announce the
following:-
(a) B-Land has incorporated a 100%-owned subsidiary namely Berjaya Reykjavik
Investment Limited (“BRIL”) in the Republic of Ireland for a cash subscription of
€1.00 (about RM4.69) comprising 1 ordinary share at €1.00 each
(“Incorporation”); and
(b) following the Incorporation, BRIL has entered into an agreement with Fiskitangi
EHF (“FEHF”) and Utgerdarfelag Reykjavikur HF (“URHF”) (“Agreement”) to
undertake the following:
(i) BRIL to acquire 100% of the shares of Geirsgata 11 EHF (“GE11”) for a
cash consideration of USD1,399,000 (about RM5.75 million) from FEHF
(“Proposed Acquisition”); and
(ii) BRIL to repay the outstanding loan of USD12,591,000 (about RM51.79
million) obtained by GE11 from URHF (“GE11 Loan”) to purchase a piece of
leasehold land in Iceland (“Proposed Settlement”).
The Proposed Acquisition and Proposed Settlement totalling USD13.99 million
(about RM57.54 million) are collectively hereinafter referred to as the “Proposals”.
The exchange rates is assumed at USD1:RM4.1135, €1.00:RM4.69 and (Icelandic Krona)
ISK1:RM0.0340
2. DETAILS OF THE PROPOSALS
2.1 BRIL was incorporated as a private company limited by shares in Ireland on 7
February 2019. Its issued and paid-up share capital is €1.00 comprising 1 share. The
intended principal activity of BRIL is investment holding.
2.2 GE11 is a company incorporated in the Reykjavik, Iceland in 1998. Its existing issued
and paid-up share capital of GE11 is ISK500,000 comprising 500,000 ordinary
shares, all of which are held by FEHF. The principal activities of GE11 are provision
of real estate, lending activities and related operations.
2.3 GE11 owns the leasehold real estate at Geirsgata 11, of 101 Reykjavik, Iceland, Reg.
No. F200-0221 (“Land”), currently being leased from Faxaflóahafnir sf. The Land is
located in the harbor area of Reykjavik. The lease of the Land expires on 31 October
2037, with remaining unexpired term of about 18 years subject to extension. The
Land measures in area about 4,805 square meters (approximately 51,721 square
feet or 1.19 acres).
The shares in GE11 will be acquired free of all debt and liabilities, and charges, liens
and other encumbrances save for the Proposed Settlement.

Posted by Good123 > 2019-04-23 11:05 | Report Abuse

:)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
BERJAYA LAND BERHAD

Particulars of substantial Securities Holder
Name PENTA INVESTMENT ADVISERS LTD
Address Craigmuir Chambers
Road Town Tortola
Virgin Islands, British.
Company No. 275975
Nationality/Country of incorporation Virgin Islands, British
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 23 Jan 2019
45,415,369
Acquired Direct Interest
Name of registered holder PENTA MASTER FUND LTD
Address of registered holder Craigmuir Chambers, Road Town Tortola, BVI
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Direct Business Transaction from Goldman Sachs International. Penta Investment Advisers Ltd is adviser to the fund.
Nature of interest Direct Interest
Direct (units) 396,185,989
Direct (%) 7.94
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 396,185,989
Date of notice 26 Jan 2019
Date notice received by Listed Issuer 28 Jan 2019


Remarks :
Direct Interest No. of Shares
------------------- ------------------
(1) Penta Master Fund Ltd 130,000,001
(2) Penta Asia Long/Short Fund Ltd 60,451,292
(3) PCM Industrial LP 205,734,696
-----------------
396,185,989
==========

Announcement Info
Company Name BERJAYA LAND BERHAD
Stock Name BJLAND
Date Announced 28 Jan 2019
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-28012019-00069

Posted by Good123 > 2019-04-23 11:06 | Report Abuse

before penta accepts bjcorp's offer, penta possessed about 8% vs public 11%+, right?
23/04/2019 10:54 AM

Posted by Good123 > 2019-04-23 11:08 | Report Abuse

status?

FOR IMMEDIATE RELEASE
BERJAYA CONTINUES TO EXPAND ITS GLOBAL FOOTPRINT IN
JAPAN WITH NEW DEVELOPMENT ON THE ISLAND OF OKINAWA
IN PARTNERSHIP WITH FOUR SEASONS HOTELS AND RESORTS
Kuala Lumpur, 17 January 2019 – Berjaya Okinawa Development Co. Ltd. (“Berjaya
Okinawa”), a wholly-owned subsidiary of Malaysian group Berjaya Land Berhad (“BLand”),
which in turn is a subsidiary of Berjaya Corporation Berhad (“BCorp”), today announced its
new development on the island of Okinawa, in partnership with Four Seasons Hotels and
Resorts, the world’s leading luxury hospitality company. The project will debut as part of the
development’s master plan as Four Seasons Resort and Private Residences Okinawa.
The hotel management agreement signing ceremony held at Berjaya Times Square Hotel,
Kuala Lumpur was represented by BCorp Founder and Executive Chairman Tan Sri Dato’
Seri Vincent Tan (“TSVT”) and Four Seasons Hotels and Resorts’ Senior Vice President for
Development Asia Pacific, Mr Christopher Wong.
Comprising about 100 acres of beach front land owned by BLand along the western coast of
the island, the master plan development site is located approximately 50 kilometres northeast
of Naha International Airport, with easy access by highway from the airport and close to tourist
attractions. Four Seasons Resort and Private Residences Okinawa will comprise about 30
acres of the project development land area, with 120 hotel rooms, 120 residences and 40
villas. The project is expected to take approximately four years to complete with a projected
total development cost of USD400 million and the gross development value estimated to be
about USD1 billion.
TSVT commented, “Four Seasons Resort and Private Residences Okinawa is another iconic
project in Japan for the Berjaya Group, emulating the success of Four Seasons Hotel and
Hotel Residences Kyoto which officially launched in December 2016. I am sure that with the
prestigious Four Seasons branding and management, along with its strategic location in
central Okinawa, the Four Seasons Resort and Private Residences Okinawa will be one of
the best on the island of Okinawa.”
“We are proud to continue our successful partnership with Berjaya Group with another
exceptional project in Japan, extending our presence in the region and offering both guests
and residents more chances to experience Four Seasons,” says Bart Carnahan, Executive
Vice President, Global Business Development, Four Seasons Hotels and Resorts. “Together
with Berjaya, we will not only create the very finest resort and residences of the highest quality,
but will also offer a level of unparalleled service, one that is synonymous with the name Four
Seasons around the globe.”
The master plan for Four Seasons Resort and Private Residences Okinawa, including
planning and landscape architecture, is developed by internationally renowned landscape
architecture and urban design firm, EDSA Inc. In addition, world-renowned Japanese
architects Kengo Kuma and Kuniken will serve as joint architects for the project. Kengo
Kuma’s work has been internationally acknowledged and was chosen to design Tokyo's
Olympic Stadium for the upcoming 2020 Olympic Games and Kuniken is among the largest
architecture firms in Okinawa.
The vision is to create a destination that portrays the cultural heritage of Okinawa island along
with its natural landscape and resources. The Four Seasons Resort and Private Residences
Okinawa will be anchored by a resident beach club nestled on the east side, where guests as
well as the homeowners will be able to access the natural beach. Additionally, the low-density
layout of the resort will also allow guests and homeowners to access every amenity by foot,
bicycles or golf carts. The resort facilities will include an all-day dining restaurant, specialty
dining and lounge, retail shops, recreation facilities, as well as public grounds and gardens.

Posted by Good123 > 2019-04-23 11:10 | Report Abuse

:)

OTHERS CLARIFICATION ON THE ARTICLES IN THE STAR BIZ, THE SUN BIZ AND THE EDGE FINANCIAL DAILY
BERJAYA LAND BERHAD

Type Announcement
Subject OTHERS
Description CLARIFICATION ON THE ARTICLES IN THE STAR BIZ, THE SUN BIZ AND THE EDGE FINANCIAL DAILY
We refer to the following articles that were published in today’s the Star Biz newspaper, the Sun Biz newspaper and the Edge Financial Daily entitled:-

1. Vincent Tan makes his move. Tycoon plans to take private 7-Eleven and BLand, list U Mobile and hotel business;

2. Berjaya Corp founder/executive chairman also plan to delist BLand and sell Four Seasons Hotel in Kyoto, among other corporate moves; and

3. Vincent Tan to restructure his business empire. The plan may involve privatising 7-Eleven Malaysia Holdings and Berjaya Land.

The Board of Directors of Berjaya Land Berhad (“BLand”) wishes to clarify that the abovementioned plans including the delisting plan are personal idea and strategies of Tan Sri Dato’ Seri Vincent Tan Chee Yioun who is an indirect major shareholder of BLand via his deemed controlling major shareholdings in Berjaya Corporation Berhad, the holding company of BLand.

The Board of Directors of BLand is totally not aware of and has not deliberated any of the abovementioned plans or proposals including the delisting of BLand.

This Announcement is dated 20 December 2018.

Posted by Good123 > 2019-04-23 11:12 | Report Abuse

belum start share buyback yet? soon kot? hahaha

Company Announcements

CIRCULAR/STATEMENT TO SHAREHOLDERS IN RELATION TO THE:- PART A PROPOSED RENEWAL OF AND NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND PART B PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES


Please refer attachment below.

Attachments
BLand - RRPT and SBB Circular dated 27 August 2018.pdf
680.0 kB

Announcement Info
Company Name BERJAYA LAND BERHAD
Stock Name BJLAND
Date Announced 27 Aug 2018
Category Document Submission
Reference Number DCS-27082018-00008

Posted by Good123 > 2019-04-23 11:16 | Report Abuse

market cap value =rm1.1bil based on 22sen. 11% + of bjland in public hand excluding penta 3%+, rm111mil only. even top up with premium, less than rm200mil only

Posted by 129055444514385 > 2019-04-23 11:32 | Report Abuse

I think , many friendly parties will be accumulating bjland shares , less than 10% in the unfriendly public hand now hahaha

Posted by leek > 2019-04-23 11:57 | Report Abuse

MALAYSIA SC CAN'T DO MUCH UNFORTUNATELY... PENTA & VT NO DIRECT PARTNERSHIP...

PENTA KEEPS PRESSURE DOWN THE PRICE...

BIG ROCK ON CRAB... CANNOT MOVE... WAITING GAME

Posted by kahhoeng > 2019-04-23 12:21 | Report Abuse

SC can, if they want to, make MGO compulsory with a minimum 0.38:0.30 exchange ratio after reviewing the Penta deal. Unfortunately though, I have reservation over SC independence.

Posted by Richard Lee > 2019-04-23 12:43 | Report Abuse

if everyday got ppl complain the that fox's misai will soon kena cabut. wakaka!!