BERJAYA LAND BHD

KLSE (MYR): BJLAND (4219)

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3 people like this.

12,379 comment(s). Last comment by miniminer 22 hours ago

Posted by Sebastian Sted Power > 2019-06-24 21:25 | Report Abuse

you all don't uderstand Misai Tan, I have mentioned few times that Misai dream to become TOP5 richest manin FORBES malaysia.

Posted by shortinvestor77 > 2019-06-24 21:47 | Report Abuse

By buying cheap at 38 cents from us, he will become top 5.

unorthodox

180 posts

Posted by unorthodox > 2019-06-25 05:03 | Report Abuse

Key to today's share performance is trading volume!
First resistance level is 0.195
Second very strong resistance level is 0.200.
If trading volume for the day is at least 50M shares, then expect the share price to break above 0.210.
If trading volume for the day is at least 100M shares, then expect the share price to fly over the next two days.
If trading volume for the day is less than 50M shares, then expect more of the same: "unlimited" shares selling at 0.200, followed by 0.195 and finally at 0.190.

nckcm

2,726 posts

Posted by nckcm > 2019-06-25 05:50 | Report Abuse

Mr misai waited this day to distribute more shares to shareholders... then slowly collect back again

Good123

25,315 posts

Posted by Good123 > 2019-06-25 05:57 | Report Abuse

retained earnings for dividend dah naik kepada rm254mil as at 30/4/2019

Good123

25,315 posts

Posted by Good123 > 2019-06-25 05:58 | Report Abuse

bjland should pay dividend either cash dividend or share dividend

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:01 | Report Abuse

Dividends paid to non-controlling interests of a subsidiary company (128,815,000)?

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:02 | Report Abuse

Repayment from joint ventures and associated companies rm419,908,000?

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:04 | Report Abuse

Segmental information for the financial period ended 30 April 2019:
REVENUE Inter-
External segment Total
RM'000 RM'000 RM'000
Toto betting operations and leasing of lottery equipment 3,286,188 - 3,286,188
Motor retailer 2,419,559 - 2,419,559
Property development and investment 149,265 9,283 158,548
Hotels and resorts 310,194 2,401 312,595
Clubs and others 75,444 19,696 95,140
Sub-total 6,240,650 31,380 6,272,030
Less: Inter-segment revenue - (31,380) (31,380)
Total revenue 6,240,650 - 6,240,650
RESULTS RM'000
Toto betting operations and leasing of lottery equipment 443,610
Motor retailer 56,838
Property development and investment (30,811)
Hotels and resorts 24,759
Clubs and others (24,731)
469,665
Unallocated corporate items (32,194)
437,471
Investment related income, net:
- Interest income 99,788
- Impairment of property, plant and equipment (3,000)
- Additional provision for impairment on the balance of GMOC Project sales proceeds (7,975)
- Gain on disposal of a joint venture 191,990
- Dividend income 3,292
284,095
Share of results from associated companies 2,649
Share of results from joint ventures (2,499)
Finance costs (177,633)
Profit before tax 544,083
Taxation (188,110)
Profit for the period 355,973

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:05 | Report Abuse

There were no material changes in the composition of the Group for the financial period ended 30 April
2019 including business combination, acquisition or disposal of subsidiaries and long term investments,
restructuring and discontinuing operations except for (cont'd):
(ii) the increase of the Group's equity interest in an associated company, Berjaya Assets Berhad
("BAssets") from 8.59% to 9.01% following the acquisition of 10.50 million BAssets shares by
the Group;
(iii) the incorporation of Berjaya HT Eco Company Limited ("BHTEL") by Berjaya Myanmar Holdings
Sdn Bhd ("BMHSB"), a wholly-owned subsidiary of the Company. Subsequently, BHTEL
became a 90%-owned subsidiary company of BMHSB. The intended principal activities of
BHTEL are to carry on the business relating to provision of consultation and technical services
for property development projects;
(iv) the incorporation of Redang Development Sdn Bhd ("Redang Development") by Berjaya Vacation
Club Berhad ("BVCB"), a wholly-owned subsidiary of the Company. The intended principal
activities of Redang Development are airport development, property development, hotel and resort
operation;
(v) the acquisition of 100 ordinary share representing 100% equity interest in Berjaya Property
Ireland Limited ("BPIL") by the Company for a cash consideration of €100 (or about RM478).
Currently BPIL is a dormant company and its intended principal activity is investment holding;
(vi) the incorporation of Redang Infra Sdn Bhd ("Redang Infra") by Redang Development. The
intended principal activities of Redang Infra is infrastructure development i.e. airport, road
and other infrastructure development;
(vii) FEAB Equities Sdn Bhd, a wholly-owned subsidiary of Berjaya Sports Toto Berhad has
entered into a shareholders' agreement with PP Cylabs (M) Sdn Bhd on a 50:50 joint venture
basis to set up a joint-venture company to explore business opportunities as well as undertake
projects in Sri Lanka;
(viii) HR Owen has incorporated the following 100%-owned subsidiary companies in England and Wales:
(a) Hatfield 6939 Limited and the intended principal activity is to engage in letting and operating
owned or leased real estates;
(b) Pangbourne 6939 Limited and the intended principal activity is to engage in letting and
operating owned or leased real estates; and
(c) Shepperton 6939 Limited and the intended principal activities are property investment and
investment holding.
(ix) the incorporation of Berjaya Reykjavik Investment Limited ("BRIL") by the Company. The
intended principal activity of BRIL is investment holding;
(x) the incorporation of Berjaya IUT (Cayman) Limited ("Berjaya IUT Cayman") and Berjaya FC
(Cayman) Limited ("Berjaya FC Cayman") by Berjaya Leisure (Cayman) Limited ("BLCL"), a
wholly-owned subsidiary of the Company. The intended principal activities of Berjaya IUT Cayman
and Berjaya FC Cayman are investment holding;
(xi) the disposal by T.P.C Development Limited ("TPC Development"), a wholly-owned subsidiary
of BLCL of its 75% equity interest in T.P.C Nghi Tam Village Ltd ("TPC Village") to Hanoi
Hotel Tourism Development Limited Liability Company for a consideration of VND1,244.59
billion (equivalent to approximately RM222.18 million). Prior to the disposal, TPC Village was a
joint venture of the Group;

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:07 | Report Abuse

(xii) the increase of the Group's equity interest in BToto from 40.23% to 40.53% following the acquisition
of 4 million BToto shares, representing 0.3% equity interest in BToto by the Company;
(xiii) the acquisition of additional 25% equity interest in Berjaya-D2D Company Limited ("D2D") by
BLCL, for a total cash consideration of USD5 million (equivalent to approximately RM20.6 million).
D2D is now a wholly-owned subsidiary company of BLCL. BLCL in turn is a wholly-owned
subsidiary of the Company; and
(xiv) the incorporation of Seikou Okinawa Construction Co. Ltd ("SOKK") by Berjaya Fukuoka
Development (S) Pte. Ltd, a wholly-owned subsidiary of the Company. The intended principal
activities of SOKK are construction, interior design, electrical work, sales of building material and
machinery, development and consultation of hotel business, food and beverage, tourism, retail
and publicity.

Jeffreyteck

4,246 posts

Posted by Jeffreyteck > 2019-06-25 06:09 | Report Abuse

Best for speculation.

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:11 | Report Abuse

Future Prospects
The Directors expect the results of the number forecast operation ("NFO") business to be satisfactory and that it
will continue to maintain its market share for the remaining 2 months of the financial period ending 30 June 2019.
The performance of both hotels and resorts and property development business segments are expected to
remain satisfactory.

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:12 | Report Abuse

Review of Results of Fourth Quarter Vs Third Quarter
3-Month Ended
30/04/2019 31/01/2019 /(-)
RM'000 RM'000 %
Revenue 1,639,019 1,471,199 11
Profit from operations 99,666 78,974 26
Profit before tax 278,636 67,343 314
For the current quarter under review, the Group reported a higher revenue of RM1.64 billion compared to
RM1.47 billion reported in the preceding quarter. Pre-tax profit for the current quarter was RM278.64 million
as compared to pre-tax profit of RM67.34 million in the preceding quarter.
In the current quarter under review, the Group reported higher revenue mainly due to the higher revenue reported
by STMSB due to seasonally higher Chinese New Year sales despite having lower number of draws. In addition,
the hotels and resorts business segment also reported higher overall occupancy and average room rates with the
re-opening of the Group's resorts located at the East Coast of Peninsular Malaysia after the end of the monsoon
season. HR Owen had also reported higher revenue from its new and used car sectors.
The higher Group pre-tax profit in the current quarter under review was mainly due to the higher Group revenue
attained and the higher profit contribution of STMSB arising from its lower prize payout. The Group also accounted
for the gain on disposal of a joint venture amounting to RM192 million and an additional impairment on the balance
of GMOC Project sales proceeds as mentioned in Note B1.

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:15 | Report Abuse

Review of Results For the 12-month Period
The summarised results of the Group are as follows:
3-Month Ended 12-Month Ended

For the current financial period under review, the Group reported a revenue of RM6.24 billion which was lower
compared to that reported in the previous year corresponding period. The Group pre-tax profit was RM544.08 million
as compared to pre-tax profit of RM69.85 million reported in the previous year corresponding period.
The lower Group revenue was mainly due to both property development and the hotels and resorts business segments
recording lower property progress billings and lower occupancy rates respectively. However, STMSB's revenue
was on par with previous year corresponding 12-month period despite having lower number of draws while HR
Owen reported higher revenue derived from the higher sales of new cars boosted by the delivery of certain new
models but was partly offset by lower sales from the used car sector.
The correspondingly lower profit from operations reported by the Group was mainly due to the lower progress billings
from the property development and investment business segment but this was mitigated by the higher profit
contribution of STMSB from lower operating expenses and the positive effect of the three month tax holiday on the
Goods and Services Tax prior to the implementation of the Sales and Service Tax with effect from 1 September 2018.
In spite of the above, the Group reported higher pre-tax profit in the current financial period, mainly due to the
accounting of the gain on disposal of a joint venture amounting to about RM192 million and favourable foreign
exchange effect in the current period under review. As disclosed in Note A3(a), the Group made an additional
impairment on the balance of GMOC Project sales proceeds to account for the 3-month time delay in GMOC
Arbitration Proceedings. In addition, in the previous year corresponding period, the Group had accounted for
impairment on the balance sales proceeds of GMOC Project, loss on partial disposal of interest in an associated
company and unfavourable fair value changes of quoted investments. Following the implementation of the new
MFRS 9 as disclosed in Note A1, fair value changes of FVTOCI investments are now accounted for in other
comprehensive income.

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:18 | Report Abuse

The corporate proposals announced by the Group but not completed as at the date of this announcement are
listed below:
(a) On 19 July 2004, the Company announced that Selat Makmur Sdn Bhd now known as Berjaya Tagar
Sdn Bhd ("BTSB"), a subsidiary company of Berjaya Land Development Sdn Bhd then, which in turn is a
wholly owned subsidiary of the Company, had on even date entered into a conditional sale and purchase
agreement with Selangor Turf Club ("STC") for the acquisition of 3 parcels of leasehold land measuring a
total area of approximately 244.7926 acres located in Sungai Besi together with all existing buildings
and fixtures erected thereon from STC ("Sungai Besi Land") for a total consideration of RM640.0
million to be settled by way of cash of RM35.0 million payable to STC and the balance of RM605.0
million to be satisfied with a transfer of 750 acres of land located in Sungai Tinggi ("Sungai Tinggi
Land") with a newly built turf club thereon ("STC Proposals") ("SPA"). BTSB had proposed to
acquire Sungai Tinggi Land from BerjayaCity Sdn Bhd ("BCity"), a subsidiary company of Berjaya
Corporation Berhad and to appoint BCity as the turnkey contractor of the new turf club ("BCity Project").
The Company had on 13 October 2004 and 14 November 2004 announced that the approvals from
the Foreign Investment Committee ("FIC") and shareholders have been obtained for the STC
Proposals.
Subsequently, on 28 June 2010, the Company announced the status of the CP as follows:
1 Approval of the FIC for the STC Proposals was obtained on 12 October 2004.
2 Approval of the FIC for the acquisition of the Sungai Tinggi Land by STC was obtained on 21
October 2004.
3 Approvals of the shareholders of BTSB, the Company, BCity and Berjaya Group Berhad for
the STC Proposals was obtained on November 2004.
4 Approvals of the State Authority Consent for the transfer of the portion of Sungai Besi Land in
favour of BTSB was obtained on 11 January 2005. However, the consent had lapsed and
application will be re-submitted after item 6 of the CP below is fulfilled.
5 The agreement between STC and BTSB on the layout plans, building plans, designs, drawings
and specifications for the new turf club is still pending the fulfillment of item 6 of the CP below.
6a. The approval for the master layout plan for Sungai Tinggi Land which was obtained on 11
February 2008 is to be re-tabled due to the change of the Selangor State government and SMSB
is awaiting the decision from the Selangor State government.
6b. The approval for the Majlis Daerah Hulu Selangor ("MDHS") for the Development Order,
Earthworks and Infrastructure and Building Plan pertaining to the construction of the new turf
club is pending as MDHS is unable to process the application until item 6a above is fulfilled.

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:18 | Report Abuse

B7 The corporate proposals announced by the Group but not completed as at the date of this announcement are
listed below (cont'd):
Subsequently, on 28 June 2010, the Company announced the status of the CP as follows (cont'd):
6c. The approval of the State Exco of Selangor for the conversion and sub-division of Sungai Tinggi
Land is pending as the application will only be tabled at the State Exco of Selangor after
approvals for items 6a and 6b are obtained.
As announced on 16 August 2010, CP no. 4, 5, 6a, 6b and 6c above have yet to be fulfilled.
On 29 January 2010, the Company announced that STC and BTSB have mutually agreed to an
extension of time to 18 January 2011 to fulfil the conditions precedent ("CP") in the
abovementioned conditional sale and purchase agreement. This extension of time was further
extended by STC to 18 January 2012. Subsequently, on 22 December 2011, the Company announced
that STC granted an extension of time from 19 January 2012 to 18 January 2013.
On 22 December 2011, the Company announced that STC granted BTSB request for a further
extension of time from 19 January 2012 to 18 January 2013.
On 13 August 2012, the Company announced that BTSB and STC had entered into a supplemental
to mutually vary certain terms of the SPA ("Supplemental Agreement"), details of which are as follows:
- if there is any CP remains outstanding, BTSB shall be entitled to request from STC
further extension of time to fulfil the CPs pursuant to the proposed acquisition of
Sungai Besi Land. STC shall grant an extension of one year subject to a cash payment of
RM3.0 million by SMSB for such extension; and
- upon signing the Supplemental Agreement, BTSB shall pay STC an advance part payment of
RM7.0 million which will be deducted from the cash portion of the consideration of RM35.0
million. The balance of the purchase consideration shall be paid within 33 months from the date
of the last CP is fulfilled or such date as mutually extended.
Pursuant to the aforesaid Supplemental Agreement, the period is extended for another year to 18 January
2020 to fulfil the conditions precedent below:
1 renewal of consent by Land and Mines Department (Federal) for the transfer to BTSB of the
portion of Sungai Besi Land (held under H.S.(D) 61790 No. P.T. 2872 in the Mukim of Petaling,
District and State of Wilayah Persekutuan) that resides in Wilayah Persekutuan, Kuala Lumpur
which had expired on 11 January 2006; and
2 the approvals, permits or consents of any other relevant authorities as may be required by
applicable laws include inter-alia the following:
(i) approval from the Town and Country Planning Department of the State of Selangor on the
re-tabling of the amended master layout plan which was re-submitted on 19 August 2008;
(ii) approval from the Majlis Daerah Hulu Selangor ("MDHS") for the Development Order and building
plan pertaining to the construction of the new turf club after approval under item 2(i) above is
obtained; and
(iii) approval from the State Exco of Selangor for the conversion and sub-division of Sungai Tinggi
Land after approvals under items 2(i) and (ii) above are obtained.
On 10 November 2017, the Company announced that further to the legal proceedings instituted by the
Company, BTSB and BCity (the "Applicants") in March 2016 against the (1) Selangor State Government,
(2) MDHS, (3) Majlis Daerah Kuala Selangor, (4) Pengarah Pejabat Tanah

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:19 | Report Abuse

The corporate proposals announced by the Group but not completed as at the date of this announcement are
listed below (cont'd):
The judgement rendered on 9 November 2017 was as follows:
1 The Applicants’ application against the 2nd, 3rd, 4th, 6th, 7th and 8th Respondents are dismissed
with costs of RM2,000.00 awarded to the 2nd, 3rd, 4th, 6th, 7th and 8th Respondents respectively.
2 The Applicants are allowed to proceed with the development.
3 The Applicants are required to submit the relevant documents to the relevant technical departments
for comments.
4 The technical departments are directed to respond within 3 months from the receipt of these
documents, and failing which it is deemed that they have no objection to these documents.
5 Pursuant to an order in the nature of mandamus, the 1st and 5th Respondents are directed to
re-table the Applicants' proposal papers to relocate and construct the Selangor Turf Club before
the National Physical Planning Council within 3 months after the receipt of the proposal papers
from the Applicants.
6 The Applicants are directed to submit the said proposal papers within 1 month upon receipt of the
fair order, failing which the Applicants shall forfeit the benefit of the order of mandamus pursuant
to paragraph 5.
7 The 1st and 5th Respondents are ordered to pay the Applicants compensation for any loss suffered
by the Applicants. The amount of such compensation will be assessed in subsequent proceedings.
On 14 December 2017, the Company announced that the Selangor State Government and several other
defendants have filed a Notice of Appeal to the Court of Appeal to appeal against the above decision
of the Shah Alam High Court.
The 1st and 5th Respondents have also applied to stay the ongoing proceedings in the Shah Alam High
Court and the execution of the Shah Alam High Court judgement in the judicial review proceedings
(“Stay of Proceedings Application”). The Applicants have applied to the Shah Alam High Court for an
extension of time to submit the proposal papers to the the first and fifth respondents ("Extension of
Time Application"). In addition, the Applicants have also filed an application for assessment of
compensation pursuant to the aforesaid Shah Alam High Court judgement ("Assessment Proceedings").
The Court of Appeal has granted a stay of execution of the High Court judgment and the Assessment
Proceedings pending the disposal of the main appeal at the Court of Appeal.
The hearing of the Selangor State Government's appeal at the Court of Appeal has been fixed for 24
October 2019.
The STC Proposals proceedings are still ongoing.

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:19 | Report Abuse

B7 The corporate proposals announced by the Group but not completed as at the date of this announcement are
listed below (cont'd):
(b) On 12 December 2007, the Company announced that its holding company, Berjaya Corporation
Berhad had on behalf of the Company, entered into an agreement of cooperation ("Agreement")
with Hanoi Electronics Corporation, Vietnam ("Hanel") to record their agreement in principle for
the Company and Hanel to collaborate on the proposed development of a parcel of land
measuring approximately 405 hectares (or about 1,000 acres) in Sai Dong A, Long Bien District,
Hanoi City, Vietnam into a mixed residential, commercial and industrial township development
("Project"). Subject to the approvals from the relevant authorities in Vietnam, the Company and
Hanel proposed to undertake the development of the Project via a joint venture and will
establish a limited liability company in Vietnam to be known as "Berjaya-Hanel Company
Limited" ("JVC"). A conditional joint venture agreement will be entered into within 6 months
from the date of the execution of the Agreement or such extended time to be mutually agreed
between the parties. The estimated total investment charter capital for the JVC shall be
between USD2.0 billion (or about RM6.7 billion) to USD3.0 billion (or about RM10.1 billion) and
the estimated charter capital of the JVC shall be between USD300 million (or about RM1.0 billion)
to USD450 million (or about RM1.5 billion). The Company's portion of the charter capital is
estimated to be between USD210 million (or about RM703.5 million) to USD315 million (or about
RM1.1 billion) representing 70% stake in the JVC. The formation of the JVC and the development
of the Project is subject to the relevant authorities approvals in Vietnam.
(c) On 28 January 2008, the Company announced that it had on even date entered into an agreement
in principle ("Agreement") with Tin Nghia Co. Ltd, Vietnam ("TNC"), Development Investment
Construction Corporation, Vietnam ("DIC") and Vietnam Infrastructure Hexagon Limited ("VIHL")
to record their agreement in principle to collaborate on the proposed construction of a bridge
across the Dong Nai River linking Nhon Trach District, Dong Nai Province to Ho Chi Minh City
("Bridge Project").
In general, the abovementioned parties have agreed that the Company and TNC shall contribute
up to 50% of the charter/equity capital of the joint venture company whilst DIC and VIHL shall
contribute the remaining 50%. The Bridge Project will be jointly managed by the Company and
VIHL. The Bridge Project is subject to the approvals of the People's Committees of Dong Nai Province
Province and Ho Chi Minh City.
(d) On 16 December 2015, the Company announced that Berjaya (China) Great Mall Co. Ltd ("GMOC"),
a 51%-owned subsidiary of Berjaya Leisure (Cayman) Limited ("BLCL"), which in turn is a wholly-owned
subsidiary of the Company had entered into a Construction Project Transfer Agreement ("Contract") with
Beijing SkyOcean International Holdings Limited ("Beijing SkyOcean"), for the proposed disposal of the
Berjaya (China) Great Mall Recreation Centre which is under construction and located in Sanhe City,
Hebei Province, the People's Republic of China ("Great Mall Project"), for a cash consideration of
RMB2.08 billion (or about RM1.39 billion) ("Proposed Disposal").
Beijing SkyOcean has paid:
(i) RMB50.0 million (or about RM33.4 million) to GMOC on the signing of the Contract; and
(ii) RMB1.015 billion (or about RM677.92 million) paid into an escrow bank account ("1st Instalment").
This amount shall be released to GMOC within 5 working days after all condition precedents ("CP")
have been fulfilled.
On 16 December 2016, the Company announced that the Proposed Disposal has been completed with
the receipt of RMB1.015 billion or 1st Instalment by GMOC from the escrow bank account following the
fulfilment of all CP. The balance of cash consideration of RMB1.015 billion will be received by November
2017 ("Final Instalment").

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:20 | Report Abuse

B7 The corporate proposals announced by the Group but not completed as at the date of this announcement are
listed below (cont'd):
Subsequently, on 28 April 2017, the Company announced that following the completion of the Proposed
Disposal, GMOC has entered into a supplementary agreement with Beijing SkyOcean to adjust the total
cash consideration pursuant to the Proposed Disposal from RMB2.08 billion to RMB2.039 billion, and
accordingly revise the Final Instalment to RMB974.07 million as a result of part of the land being regained
by Sanhe Land and Resource Bureau, reimbursement of theme park equipment and shared expenses
relating to certain electrical works.
SkyOcean Holdings Group Limited which holds 100% stake in Beijing SkyOcean, and its major shareholder,
Mr. Zhou Zheng ("the Guarantors") shall guarantee the performance of the obligations by Beijing SkyOcean
pursuant to the Contract.
On 8 December 2017, the Company announced Beijing SkyOcean had not remitted the Final Instalment
to GMOC by the appointed time. Hence, GMOC after seeking legal advice, had on 7 December 2017,
issued a notice of demand to Beijing SkyOcean and the Guarantors to pay to GMOC the Final Instalment
and accrued late payment interest within 3 days upon receipt of the said notice, failing which GMOC
will take all relevant legal measures, including commencing legal proceeding in Hong Kong against Beijing
SkyOcean and the Guarantors to protect and enforce GMOC's legitimate rights.
On 19 January 2018, the Company announced that GMOC submitted a Notice of Arbitration to the Hong
Kong International Arbitration Centre against Beijing SkyOcean and the Guarantors to seek recovery of
the Final Instalment and accrued late payment interests as well as other reliefs.
Further to the last quarterly report, the arbitral tribunal has since been constituted and the procedural
timetable has been determined by the tribunal for pre-trial preparations, including closing of pleadings
and exchange of witness statements, etc. The tribunal has directed that the arbitration hearing will take
place on 14 to 18 October 2019.
The GMOC Project Arbitration Proceedings are still ongoing.
(e) On 15 February 2017, the Company announced that BLCL had entered into a capital contribution transfer
for the proposed disposal of its entire 70.0% stake in Berjaya Long Beach Limited Liability Company
("BLong Beach") to Sulyna Hospitality Hotel Restaurant Travel Service Company Limited for a cash
consideration of about VND333.25 billion (or about RM65.32 million) and to waive all amounts owing
by BLong Beach to BLCL which was about VND87.50 billion (or about RM17.15 million) as at
31 January 2017.
The proposed disposal of BLong Beach is pending completion.
(f) On 4 June 2018, the Company announced that BLCL had entered into a Capital Transfer Agreement
for the proposed disposal by BLCL of the entire resultant 32.5% of the capital contribution in Berjaya
Vietnam Financial Center Limited (“BVFC”) to Vinhomes Joint Stock Company (“Vinhomes”) and
Can Gio Tourist City Corporation for a cash consideration of VND884.93 billion (equivalent to
approximately RM154.86 million) (“Proposed BVFC Disposal"). The Proposed BVFC Disposal is
pending completion.
Initially, BLCL’s capital contribution of VND967.31 billion comprised and represented 100% of the charter
capital of BVFC. However, following the conditions imposed by the Vietnamese authorities, BVFC was
required to increase its charter capital and Vinhomes had in March 2018 injected fresh capital contribution
amounting to VND2,008.69 billion (equivalent to approximately RM352 million) into BVFC to fulfill the
above requirement which accordingly resulted in a dilution of BLCL's holding in the charter capital of BVFC
to 32.5%.

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:21 | Report Abuse

B7 The corporate proposals announced by the Group but not completed as at the date of this announcement are
listed below (cont'd):
In conjunction with the Proposed BVFC Disposal, Vinhomes and its affiliates are also being considered as
potential purchasers of Berjaya Vietnam International University Town One Member Limited Liability
Company (“BVIUT”) and have in December 2017 also injected a cash sum of VND11,904 billion as
fresh capital contribution into BVIUT in order to meet certain similar conditions imposed by the Vietnamese
authorities which require BVIUT to increase its charter capital to VND12,000 billion.
Accordingly, BLCL's initial stake in BVIUT has also been diluted from 100% to 0.8%. It is the intention
of BLCL to dispose its 0.8% stake in BVIUT in the near future (“Proposed BVIUT Disposal”).
(g) On 18 February 2019, the Company announced the incorporation of Berjaya Reykjavik Investment Limited
("BRIL") in the Republic of Ireland for a cash subscription of €1.00 (about RM4.69) comprising 1 ordinary
share of €1.00 each. The intended principal activity of BRIL is investment holding. BRIL has entered into
an agreement with Fiskitangi EHF ("FEHF") and Utgerdarfelag Reykjavikur HF (ÜRHF") 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 to purchase a piece of leasehold land in Iceland ("Proposed Settlement").
GE11 is a company incorporated in Reykjavik, Iceland and owns the leasehold real estate at Geirsgata
11, Reykjavik, Iceland, ("Land"). 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 Proposed Acquisition and Proposed Settlement are pending completion.

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:22 | Report Abuse

JDC Lawsuit
On 6 November 2015, the Company announced that its 72.6% subsidiary, Berjaya Jeju Resort Limited ("BJR"),
had instituted legal proceedings in the Republic of Korea against Jeju Free International City Development Center
("JDC") for the breach by JDC of certain terms and conditions set out in the Land Sale and Purchase Agreement
dated 30 March 2009 ("Land SPA") entered into between BJR and JDC in relation to the proposed mixed
development of an international themed village known as the "Jeju Airest City" in Jeju Island, Republic of Korea
("Jeju Project") and to claim for losses and damages incurred as a result thereof ("JDC Lawsuit"). JDC holds
a 19% stake in BJR.
Pursuant to the Land SPA, JDC is obligated to transfer the lands acquired thereunder to BJR free from all liens,
security interests and encumbrances. However, on 20 March 2015 the Supreme Court of the Republic of Korea
("Korean Supreme Court") ruled that the expropriation by JDC of certain parcels of lands which were then
subsequently sold to BJR pursuant to the Land SPA was invalid. Hence JDC had breached the terms of the Land
SPA as it failed to transfer good and unencumbered title to the said lands to BJR. Under the circumstances,
the on-going development works on the Jeju Project were suspended pending the resolution of the lawsuits.
A consequence of the Korean Supreme Court decision is that certain former owners of the said lands had
filed lawsuits against JDC and BJR, seeking the cancellation of registration of land titles ("Landowners Lawsuits").

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:23 | Report Abuse

JDC Lawsuit (Cont'd)
Pursuant to the financing arrangement for Phase 1 of the Jeju Project and following the suspension of the
development work thereon, JDC had repurchased part of the lands (under Phases 2 to 9) for KRW107.0 billion
(or about RM374.5 million) and the cash proceeds were used to fully settle the loan outstanding with the
financiers, and to partially settle the Phase 1 construction cost due and owing to the main contractor.
On completion of the land repurchased by JDC, BJR gave notice to terminate the Land SPA in respect of the
remaining land under Phase 1 of the Jeju Project.BJR has grounds to terminate the Land SPA following court
decisions rendered in certain of the Landowner Lawsuits to cancel the registration of land titles.
At the sixth court hearing on 14 October 2016, the presiding judge had agreed to BJR's application to conduct
a land price appraisal of the Jeju Project to quantify the amount of damages. The presiding judge had also
made an inspection of the Jeju Project site on 25 November 2016. The land price appraisal report of the Jeju
Project had been completed by the court-appointed land appraisal company and the land price appraisal
report has been submitted directly to the court.
On 13 September 2017, Jeju District Court rendered a judgement against JDC and Seogwipo City in the
Administrative Lawsuit. The judgement rendered all of the development approvals issued in connection with
the Jeju Project null and void. JDC and Seogwipo City have filed an appeal against the Administrative Lawsuit
judgement. On 1 February 2019, the Korean Supreme Court dismissed JDC and Seogwipo City's appeal.
In view of the nullification of all the development approvals issued in connection with the Jeju Project, BJR
made an application to the court in the JDC Lawsuit for a supplementary land price appraisal report, to be
prepared with respect to the Jeju Project site subject to a revised assumption that no development approval
had been issued on the Jeju Project site. In February 2018, the presiding judge in the JDC Lawsuit was
re-assigned to another court, and another judge was appointed as the new presiding judge in the JDC Lawsuit.
In July 2018, BJR made an application to the court in the JDC Lawsuit to conduct a second supplementary
land price appraisal report, as BJR was dissatisfied with the first supplementary land appraisal report which
was based on disputable land reference. The court in the JDC Lawsuit granted BJR's application to conduct
a second supplementary appraisal, to be undertaken by a different appraiser. The second supplementary land
price appraisal report has been completed and the next hearing date has been set on 25 July 2019.
The JDC Lawsuit is still ongoing.
PGMC Arbitration Proceedings
Philippine Gaming Management Corporation ("PGMC"), an indirect subsidiary of BToto, commenced
arbitration proceedings against the Philippine Charity Sweepstakes Office ("PCSO") at the International
Chamber of Commerce, International Court of Arbitration, pursuant to an interim settlement agreement between
PGMC and PCSO whereby the parties agreed to resort to arbitration in order to settle issues regarding PGMC's
exclusivity as an online lottery lessor of PCSO in Luzon, Philippines.

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:24 | Report Abuse

PGMC Arbitration Proceedings (Cont'd)
On 1 March 2018, Berjaya Philippines Inc. ("BPI"), the immediate holding company of PGMC, released an
announcement to Philippine Stock Exchange ("PSE") that the Arbitral Tribunal Court had ruled in favour of
PCSO. PGMC has filed a petition with the Makati Regional Trial Court to appeal on all aspects of the Final
Award issued by the Arbitral Tribunal Court. The appeal process is still on-going. In spite of the above, on
28 September 2018, BPI announced the execution of a Supplemental Equipment Lease Agreement ("ELA")
between PGMC and PCSO for an extension of the ELA for a period of one (1) year to August 2019.
The PGMC Arbitration Proceedings are still ongoing.
GMOC Project Arbitration Proceedings
Reference is made to Note B7 (d).
On 19 January 2018, the Company announced that GMOC submitted a Notice of Arbitration to the Hong
Kong International Arbitration Centre ("HKIAC") against Beijing SkyOcean and the Guarantors ("Respondents")
to seek recovery of the Final Instalment and accrued late payment interests ("Outstanding Payment") as well as
as other reliefs.
Further to the last quarterly report, the arbitral tribunal has since been constituted and the procedural timetable
has been determined by the tribunal for pre-trial preparations, including closing of pleadings and exchange of
witness statements, etc. The tribunal has directed that the arbitration hearing will take place on 14 to 18
October 2019.
The GMOC Project Arbitration Proceedings are still ongoing.
BCity Project Legal Proceedings
Reference is made to Note B7(a).
On 10 November 2017, the Company announced that further to the legal proceedings instituted by the
Company, BTSB and BCity (the "Applicants") in March 2016 against the (1) Selangor State Government,
(2) MDHS, (3) Majlis Daerah Kuala Selangor, (4) Pengarah Pejabat Tanah

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:25 | Report Abuse

BCity Project Legal Proceedings (Cont'd)
The 1st and 5th Respondents have also applied to stay the ongoing proceedings in the Shah Alam High
Court and the execution of the Shah Alam High Court judgement in the judicial review proceedings
(“Stay of Proceedings Application”). The Applicants have applied to the Shah Alam High Court for an
extension of time to submit the proposal papers to the the first and fifth respondents ("Extension of
Time Application"). In addition, the Applicants have also filed an application for assessment of compensation
pursuant to the aforesaid Shah Alam High Court judgement ("Assessment Proceedings").
The Court of Appeal has granted a stay of execution of the Shah Alam High Court judgement and the Assessment
Proceedings pending the disposal of the main appeal at the Court of Appeal.
The hearing of the Selangor State Government's appeal at the Court of Appeal has been fixed for 24 October
2019.
The STC Proposals proceedings are still ongoing.

leek

3,617 posts

Posted by leek > 2019-06-25 06:25 | Report Abuse

OPEN GAP UPPPP AND LIMIT UPPPP TODAY!!! =D

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:26 | Report Abuse

(吉隆坡24日讯)成功置地(BJLAND,4219,主要板消费)大部分业务贡献不俗,截至今年4月底末季净利转亏为盈,从净亏9215万令吉转为净赚1亿8148万令吉。


成功置地今日向马证交所报备,末季营业额按年增长3.41%至15亿8503万令吉;全年营业额则年略跌1.9%至62亿4065万令吉。同时,受末季净利带动,成功置地全年净利转亏为盈,从净亏1亿9029万令吉转为净赚1亿8253万令吉。
报备文件指出,成功置地末季净利大反转,主要归功于旗下多多博彩大马私人有限公司末季奖金支出下滑。
同时,该公司指出,末季营业额增长主要因为旗下英国豪华车经销商H.R. Owen公司新车款销售增长,以及酒店和度假村业务录得较高的收入。同时,博彩收入增长也是营业额增长的主因之一。
报备文件解释,该公司原本有望录得更高的营业额,但在房产发展走低以及投资领域账单进度缓慢的拖累下,大部分收入仅够抵消房产和投资领域的亏损。

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:30 | Report Abuse

(Kuala Lumpur, 24th) Bjland (BJLAND, 4219, main board consumption) contributed a lot of business. As of the end of April this year, the net profit turned profitable, from a net loss of RM92.15 million to a net profit of 181.48 million. Ringgit.



Bjland has reported to the Malaysian Stock Exchange today that its turnover in the last quarter increased by 3.41% year-on-year to RM1,585.03 million. The annual turnover decreased slightly by 1.9% to RM6.24 billion. At the same time, driven by the net profit in the last quarter, the net profit of the land was successfully turned into a profit from a net loss of RM109.29 million to a net profit of RM18.253 million.

The report file pointed out that the successful reversal of the net profit in the last quarter was mainly due to the decline in the final season bonus expenses of its many gaming giants.

At the same time, the company pointed out that the increase in turnover in the last quarter was mainly due to the growth of new car sales of its UK luxury car dealer H.R. Owen and the higher revenues of the hotel and resort business. At the same time, gaming revenue growth is also one of the main reasons for the increase in turnover.

The filing documents explained that the company was expected to record higher turnover, but most of the income was only able to offset losses in the real estate and investment sectors, dragged down by the slowdown in property development and the slow progress of investment bills.

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:44 | Report Abuse

privatization is approaching, :)

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:45 | Report Abuse

bjland is like a cash cow used by vt to sapu bjassets and bjtoto shares as reported

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:47 | Report Abuse

Change of Financial Year End
On 2 May 2019, the Company announced the change of financial year end of the Company from 30
April to 30 June so as to coincide with the new financial year end of its holding company, Berjaya
Corporation Berhad. Thus, the next set of financial statements with the new financial year end will be
prepared for the period from 1 May 2018 to 30 June 2019 covering a period of fourteen (14) months.
Thereafter, the financial year end of the Company shall end on 30 June for each subsequent year.
The following periods shall be the period to be covered in the Group's subsequent interim period or
quarterly financial reporting:
For financial period ending 30 June 2019
2-month period - 1 May 2019 to 30 June 2019
Quarters for financial year ending 30 June 2020
1st Quarter - 1 July 2019 to 30 September 2019
2nd Quarter - 1 October 2019 to 31 December 2019
3rd Quarter - 1 January 2020 to 31 March 2020
4th Quarter - 1 April 2020 to 30 June 2020

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:48 | Report Abuse

As at 30 April 2019, the number of ordinary shares in issue with voting rights was 4,989,394,000
ordinary shares (30 April 2018 : 4,989,394,000 ordinary shares).

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:49 | Report Abuse

The number of treasury shares held in hand as at 30 April 2019 were as follows :
Average
price per
share Number Amount
RM of shares RM'000
Total treasury shares at 1 May 2018 and at 30 April 2019 1.89 10,943,104 20,699

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:50 | Report Abuse

the increase of the Group's equity interest in BToto from 40.23% to 40.53% following the acquisition
of 4 million BToto shares, representing 0.3% equity interest in BToto by the Company

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:51 | Report Abuse

the increase of the Group's equity interest in an associated company, Berjaya Assets Berhad
("BAssets") from 8.59% to 9.01% following the acquisition of 10.50 million BAssets shares by
the Group;

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:51 | Report Abuse

bjland wants to privatize bjtoto? :)

Good123

25,315 posts

Posted by Good123 > 2019-06-25 06:52 | Report Abuse

bjland holds more than 40% of bjtoto, bjland can privatize bjtoto via share swap, right?

Good123

25,315 posts

Posted by Good123 > 2019-06-25 07:19 | Report Abuse

will hit 25sen ipoh opening hour at least hopefully :)

nckcm

2,726 posts

Posted by nckcm > 2019-06-25 07:36 | Report Abuse

No dividend loh

Posted by shortinvestor77 > 2019-06-25 07:55 | Report Abuse

Waitlah, another 2 months to end the financial year.

kasinathan

961 posts

Posted by kasinathan > 2019-06-25 07:59 | Report Abuse

Solid result

unorthodox

180 posts

Posted by unorthodox > 2019-06-25 08:04 | Report Abuse

Key to today's share performance is trading volume!
First resistance level is 0.195
Second very strong resistance level is 0.200.
If trading volume for the day is at least 50M shares, then expect the share price to break above 0.210.
If trading volume for the day is at least 100M shares, then expect the share price to fly over the next two days.
If trading volume for the day is less than 50M shares, then expect more of the same: "unlimited" shares selling at 0.200, followed by 0.195 and finally at 0.190.

kasinathan

961 posts

Posted by kasinathan > 2019-06-25 08:44 | Report Abuse

Rm0. 25 is coming!!!

nckcm

2,726 posts

Posted by nckcm > 2019-06-25 08:46 | Report Abuse

Wa purposely que sell 0.17-0.18 not to let u guys see the price they wanna gap up...

Posted by birkincollector > 2019-06-25 08:52 | Report Abuse

look at the queue....VT DETERMINED to keep the price low

limkopi

102 posts

Posted by limkopi > 2019-06-25 09:00 | Report Abuse

wow opening cannon blast 2.678mil shares traded in 43 seconds

jordichia

21 posts

Posted by jordichia > 2019-06-25 09:03 | Report Abuse

still 0.195

nckcm

2,726 posts

Posted by nckcm > 2019-06-25 09:03 | Report Abuse

Hahaha no power

limkopi

102 posts

Posted by limkopi > 2019-06-25 09:05 | Report Abuse

unlimited shares at 0.195! 6.5mil shares traded in 5 mins of opening wah how is misai keeping up with the buying pressure

stahl2017

310 posts

Posted by stahl2017 > 2019-06-25 09:05 | Report Abuse

boss tak bagi naik

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