Posted by Good123 > 2019-07-25 12:08 | Report Abuse

actually bjland is like another bjcorp, so diversified... created 2 holdings companies to exploit minority shareholders

Posted by Eddysurge > 2019-07-25 12:46 | Report Abuse

We know, but trusted ours finance ministry leads by LGE will corrects the leakages, that why we barking.

Posted by Eddysurge > 2019-07-25 13:12 | Report Abuse

So long ago, I mentioned about share placement among VT,associates, subsidiary company, is dammed wrong. It may incur interest conflicts if not regulatory by authorities.

Posted by stahl2017 > 2019-07-25 13:54 | Report Abuse

142900 traded, this is the real retail participation volume, pathetic

Posted by Good123 > 2019-07-25 14:57 | Report Abuse

hotels in demand... cam sell the hotels to pay dividend :)

KUALA LUMPUR (July 25): TA Global Bhd's subsidiary Siam Resorts Company Ltd has inked a deal to acquire the hotel and business of Four Points by Sheraton Bangkok, Sukhumvit 15, for 2.25 billion baht (about RM299.93 million).
In a filing to Bursa Malaysia today, TA Global said Siam Resorts had entered the agreement yesterday with Destination Resorts Co Ltd.
It said the hotel is located in the city centre of Bangkok and is conveniently located next to the BTS Asok Skytrain and Sukhumvit Metro Station.
It added that the hotel is also near numerous local offices and entertainment and retail options at Terminal 21, CentralWorld and Platinum Fashion Mall.
The hotel comprises a seven-storey building with two basements and a rooftop located in the middle of Bangkok's Sukhumvit area, said TA Global, adding that the hotel features 268 guestrooms.
The group said the acquisition will be funded by internally generated funds (40%) and external borrowings (60%).
On the rationale for the purchase, TA Global said it is expected to bring synergistic benefits to the group as it will further enhance its hospitality operations in major cities around the world and increase its existing portfolio of hospitality properties, leveraging the group's experience and competence as owner of hotel properties.
At the midday break today, TA Global was flat at 25 sen for a market capitalisation of RM1.33 billion.

Posted by Bettyem > 2019-07-25 14:58 | Report Abuse

If wants to buy cheap, can only wait for forced selling or big shark to sell? Looks like value & long term investors are holding & just biding their time?

Posted by Good123 > 2019-07-25 15:00 | Report Abuse

vt mau list hotels in spore macam boleh jalan... ada demand for hotels

Posted by Good123 > 2019-07-25 15:07 | Report Abuse

good for hotels, good for property and land value, boost tourism also KUALA LUMPUR (July 25): Malaysia restarted the China-linked East Coast Rail Link project on Thursday after downsizing building costs by a third to lighten the government’s debt burden.
The rail project, led by China Communications Construction Co and Malaysia Rail Link Sdn Bhd, was canceled a year ago by Prime Minister Tun Dr Mahathir Mohamad’s new government after he balked at the RM65.5 billion (US$16 billion) cost. He revived talks later and in April struck a deal with China to cut it down to RM44 billion.
Malaysia hopes “the ECRL will bring economic benefits to the country, not just in construction, but that it would also connect all the railway tracks to the ports,” Transport Minister Anthony Loke said at the project relaunch in the east coast state of Terengganu on Thursday. “Hence the shipping and logistics industry would certainly enjoy more encouraging industry growth.”
The rail project is one of several infrastructure projects that Dr Mahathir has sought to revive to help stoke economic growth, after a wave of spending cuts and a corruption crackdown last year following his election victory. For China, the resumption may be a boon for its Belt and Road Initiative, which has seen Asian governments from Myanmar to Maldives reassessing Chinese investments amid concern over sovereignty and large borrowings.
The 640-kilometer rail will connect Peninsular Malaysia’s eastern coast, whose economy lags the wealthier western coast, to states near the capital of Kuala Lumpur when completed in 2026. The amended deal increases local contractors participation while realigning certain routes.
Malaysia will sign a supplementary agreement soon with Export-Import Bank of China that will see the interest cost of its loan reduced for the East Coast Rail Link project, said Loke. The Exim Bank loan is to finance 85% of the RM44 billion project, he said.
The project’s cost had ballooned as construction went underway, with the finance ministry estimating that the price tag could reach as much as RM81 billion. Dr Mahathir said the original cost was inflated and would have been lower if the deal — inked during his predecessor Datuk Seri Najib Razak’s time as part of China’s Belt and Road Initiative — was offered through an open tender.

Posted by ivan9511 > 2019-07-25 15:12 | Report Abuse

ok
seem safe now
no more seller in 17sen
ok Guys open fire
attack\
buy and keep and fight back the Boss
let the Boss know what he wrong at doing business is use hard work not con

Posted by Good123 > 2019-07-25 15:14 | Report Abuse

another boost to the local property market KUALA LUMPUR: Sixteen first-time homebuyers received their documents as participants of the FundMyHome DepositKu scheme yesterday from Housing and Local Government (KPKT) Minister Zuraida Kamaruddin. The scheme, launched in February, is a joint initiative between EdgeProp Sdn Bhd and KPKT.
“It (FundMyHome) is a viable and interesting alternative
[to conventional financing],” said Zuraida, adding that the platform benefits people from various backgrounds, especially the bottom 40% based on their incomes.
“Following the FundMyHome DepositKu scheme’s launch in February, today we are delighted to witness the realisation of fellow Malaysians' dream of finally owning a place they can call their own,” said EdgeProp chairman Datuk Tong Kooi Ong.
Tong said FundMyHome does not substitute conventional ways of purchasing a home, but “offers a new and viable alternative to owning a home for those needing it the most”.
He added that in a strategic partnership with EdgeProp, Panasonic Malaysia is offering a 30% discount in a special move-in package for FundMyHome DepositKu scheme homebuyers. This package includes a refrigerator, a washing machine, two ceiling fans and a 40-inch television for each home.
Homebuyers present at yesterday’s ceremony received rice-cookers and table fans as gifts from Panasonic Malaysia.
Under the FundMyHome, prospective homebuyers pay 20% of the total home price and become legal owners of the property. The remaining 80% is financed by institutions, benefiting from regular yields and a share of the property’s upside.
The DepositKu scheme is helpful whereby homeowners provide a 20% advance of the total home price under the FundMyHome, and the DepositKu scheme will raise 10%, subject to a maximum value of RM30,000.
“This means for a RM300,000 home, buyers need to only raise a 10% downpayment or RM30,000, while the other 10% will be from the DepositKu scheme and the remaining 80% from investors of the FundMyHome platform,” Tong said. Bumiputera buyers, entitled to a 7% discount in property prices, pay a smaller advance.
At the end of a five-year period, DepositKu scheme beneficiaries can repay the loan or convert it into a subsidy. Under the FundMyHome, they can sell the property and share the proceeds with co-investors or buy the property by cash or a bank mortgage, or rollover the property on the FundMyHome platform for another five years.
At the event, Tong told reporters that the FundMyHome is “agnostic” when working with developers, and in future it would work with more developers to secure more homes for the scheme. So far, 8,000 people have expressed interest in buying homes via the FundMyHome.
Zuraida said 16 homeowners had bought homes at the Harmoni Apartment in Eco Majestic,
a township in Semenyih developed by Eco World Development Bhd.
She added that 300 people have succeeded in owning homes through FundMyHome, with 50 homebuyers having completed the final stage of the required paperwork.
The FundMyHome DepositKu scheme is open to first-time Malaysian homebuyers aged 21 to 60, with a household income of under RM10,000 per month.

Posted by ivan9511 > 2019-07-25 15:15 | Report Abuse

Latest Quarter | Ann. Date 30-Apr-2019 | 24-Jun-2019
Next QR | Est. Ann. Date: 31-Jul-2019 | 25-Sep-2019
T4Q P/E | EY: 4.78 | 20.92%
T4Q DY | Payout %: 0.00% | - %
T4Q NAPS | P/NAPS:

pe 4
yes all in

Posted by Good123 > 2019-07-25 16:19 | Report Abuse

sell all the hotels to TA if willing :) KUALA LUMPUR (July 25): TA Global Bhd's subsidiary Siam Resorts Company Ltd has inked a deal to acquire the hotel and business of Four Points by Sheraton Bangkok, Sukhumvit 15, for 2.25 billion baht (about RM299.93 million).
In a filing to Bursa Malaysia today, TA Global said Siam Resorts had entered the agreement yesterday with Destination Resorts Co Ltd.
It said the hotel is located in the city centre of Bangkok and is conveniently located next to the BTS Asok Skytrain and Sukhumvit Metro Station.
It added that the hotel is also near numerous local offices and entertainment and retail options at Terminal 21, CentralWorld and Platinum Fashion Mall.
The hotel comprises a seven-storey building with two basements and a rooftop located in the middle of Bangkok's Sukhumvit area, said TA Global, adding that the hotel features 268 guestrooms.
The group said the acquisition will be funded by internally generated funds (40%) and external borrowings (60%).
On the rationale for the purchase, TA Global said it is expected to bring synergistic benefits to the group as it will further enhance its hospitality operations in major cities around the world and increase its existing portfolio of hospitality properties, leveraging the group's experience and competence as owner of hotel properties.
At the midday break today, TA Global was flat at 25 sen for a market capitalisation of RM1.33 billion.

Posted by Good123 > 2019-07-25 17:49 | Report Abuse

ta global share price was about 63sen net assets per share rm1.5 , bjland pula 17.5sen , 85sen tapi TA pays dividend. if bjland pays dividend, should be above 30sen

Posted by Good123 > 2019-07-25 17:50 | Report Abuse

possible bjland share price was purposely low for privatization :)

Posted by ivan9511 > 2019-07-25 18:38 | Report Abuse

Ya .is cheap
Now is goreng up.
If the boss want private no 60sen no need takl.
The boss is worrying now as many big shark is goreng bjland than bjc .
The boss will loss every thing .
Just one bjland K.O the greedy boss .now he is pay back what he had done for past 20years.
Bjland is whole world focus now .
Ready to fly .
All the best for all loyal members

Posted by Paulnga > 2019-07-25 20:17 | Report Abuse

Any update for Jeju court case?

Posted by Kenn Ong > 2019-07-25 20:43 | Report Abuse

Every day also same story, fly fly fly.... end up like MH370 jalan mati pula.

Posted by kahhoeng > 2019-07-25 20:46 | Report Abuse

Major court cases:

1. Sungai Besi Turf Club land dispute
- The hearing of the Selangor State Government's appeal at the Court of Appeal has been fixed for 24 October 2019.

2. China Property Project Disposal
- 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.

3. Jeju Island Property Project
- 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.

Posted by stahl2017 > 2019-07-26 09:11 | Report Abuse

can jeju court case raise Bjland like what happen to GENM ? =)

Posted by Leong1982 > 2019-07-26 09:18 | Report Abuse

What happened to Jeju hearing??

Posted by tt101 > 2019-07-26 09:25 | Report Abuse

Annual Report 2018, Pg 113

(ii)
Recoverability by Berjaya Jeju Resort Limited ("BJR") of its project costs ("Jeju Project")
As disclosed in Note 40(a), the Group through its subsidiary company BJR, had initiated legal
proceedings against Jeju Free International City Development Center ("JDC") seeking compensation
for damages incurred which include the costs incurred by BJR in developing the Jeju Project. The
outcome of the legal proceedings will determine whether BJR is able to recover the costs of
RM593,253,000 (2017 : RM604,255,000) incurred up to the reporting date on this development as
disclosed in Note 13(b)(ii).

Posted by tt101 > 2019-07-26 09:28 | Report Abuse

Korea drama

Posted by Good123 > 2019-07-26 09:36 | Report Abuse

wait for 14 month results next month and outcome of agm fast approaching :)

Posted by Good123 > 2019-07-26 09:37 | Report Abuse

vt might declare dividend in the coming agm like 2014 wait till coming agm ended . those really in need of money can sell to those who cash rich now :)

Posted by Good123 > 2019-07-26 09:38 | Report Abuse

like genm fell to 2.8 now rebounded to 3.8 within a short period... be patient

Posted by kahhoeng > 2019-07-26 09:51 | Report Abuse

Good123, disregarding earlier decline, BJLand has declined CONSISTENTLY since end of 2014 at around 0.85 to current level of 0.17, it's so much different from what GENM is showing!!!

Posted by tt101 > 2019-07-26 10:04 | Report Abuse

Genting always let you know what is happening but not for this......

Posted by KWSI7317 > 2019-07-26 10:09 | Report Abuse

useless BOD, sack all of them. only dividend can boost the share price.

Posted by stahl2017 > 2019-07-26 10:15 | Report Abuse

Genm case settle within a year, while Bjland the longest case on hand (Sungai Besi Turf Club) is more than 10 yrs

Posted by DickyMe > 2019-07-26 10:24 |

Post removed.Why?

Posted by shortinvestor77 > 2019-07-26 10:37 | Report Abuse

Surprising, not much selling so far.

Posted by shortinvestor77 > 2019-07-26 10:37 | Report Abuse

Waiting at 0.05.

Posted by tt101 > 2019-07-26 10:42 | Report Abuse

with a non transparent management, what do you expect from them?

Posted by tt101 > 2019-07-26 11:12 | Report Abuse

burning your paper money to warm up your body?

Posted by Bettyem > 2019-07-26 11:18 | Report Abuse

There are vultures waiting for forced selling by weak holders or big shark? Looks like got lower cap of 17 sens for BJLand & upper cap of 26 sens for BJCorp to maintain the conversion ratio should there be delisting/privatisation exercise?

Anyway there should be resolution for some of these court cases EOY from hints given by Mgt. below?

"kahhoeng Major court cases:

1. Sungai Besi Turf Club land dispute
- The hearing of the Selangor State Government's appeal at the Court of Appeal has been fixed for 24 October 2019.

2. China Property Project Disposal
- 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.

3. Jeju Island Property Project
- 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."

Posted by kahhoeng > 2019-07-26 11:32 | Report Abuse

Those statements are posted on the quarterly report. I'm merely posting after seeing a post seeking to learn about the Jeju court result. Personally, I am pissed off by BURSA/SC inaction more than VT's disregard for minorities. Trust is gone not just because entrepreneurs cheat. Regulatory bodies' failure to take the right action has a bigger impact...

Posted by Eddysurge > 2019-07-26 12:09 | Report Abuse

Personally I thought bursa shouldn't give bjcorp issued additional bjcorp share to penta if nothing deal done. Unfair to both bjland & bjcorp. Can bring to court.

Posted by Good123 > 2019-07-26 13:06 | Report Abuse

hold till vt is gone if u can wait. ioi founder has pass away too :)

Posted by Good123 > 2019-07-26 13:18 | Report Abuse

I believe investors dont bother , privatization or IPO hotels in spore. they want dividend like 2014 n b4 plus share price recovers :)

Posted by miniminer > 2019-07-26 14:48 | Report Abuse

Although VT will be the main beneficial if to pay dividend, at least minority is getting something back than the company only pay fat salaries & remuneration to some under perform friends & families members...…..hehehe...….

Posted by Leong1982 > 2019-07-26 16:07 | Report Abuse

What's securities commission Email address?

Come, we draft an email here and finalize it by next week.

Then we send to securities commission. If 50 minor shareholders send to SC, I don't think SC will take it lightly.

Posted by simon2020 > 2019-07-26 16:11 | Report Abuse

Since promoters from both sides of the coin are here, VT's Vs Minority?

Can somebody answer some questions?
# why is there a persistent effort to block the price from rising? irregardless of good news or current Qtr. Profitability or Bursa performance lately?
# why is NCBO imposed on BJLand & BJCorp?
# why VT moved all profit making Biz under BJLand? i.e. BJSports, HR Owens, Icelandair Hotels etc. where he has most control at 85%?
# why the discount ratio between BJLand & BJCorp remains constant irregardless of their price?
# why VT now making big plans for BJCorp/BJLand expansion & giving corresponding press release? i.e TVET?, Investment in Icelandair?, Collaboration with Monaco Royalty? HR Owens global showroom for Rolls Royce? Visit Malaysia 2020?

https://www.thestar.com.my/business/business-news/2019/06/19/luxury-ca...

Posted by 1431599283521664 > 2019-07-26 16:31 | Report Abuse

just bought at 17 cents.. dont know good or bad..hahaha

Posted by kahhoeng > 2019-07-26 16:33 | Report Abuse

miniminer,

My understanding, listed securities are regulated, but regulation is open to interpretation. Based on announcement, at least we know Bursa finds BJCorp and its associated parties holding 84.+% to be "no issue", so the deal is approved. Of course, legal matter is one thing, market trust is another. Any minority reading the announcement would most likely handing Bursa/SC/VT a middle fingers blessing, well, at least I will.

Based on current deal, so long VT's companies, particularly BJCorp, are not adding position in BJLand, there shouldn't be any query by Bursa or SC. VT is basically free to "let" BJLand share price to freefall. Based on Penta's BJLand holding after exchange into BJCorp, Penta should still hold roughly 4% shares in BJLand. If Penta were to throw these shares in market, unless there's people willing to keep on buying until Penta's stake is fully taken up, the floor price is basically decided by Penta as its the party holding the most shares and the possibility to sell/buy. As for retailers like you and me, buying at this price is like buying knowing the value but not the future (we have many so-called "independent parties" willing to testify the so-called "unfair" but "reasonable" so they can collect fees, guess with Bursa/SC blessing but a laughable matter to investors - think there's an article on Star criticizing them on fairness and reasonable-ness, an interesting read.) So, basically, we can only hope for VT to be reasonable and fair. Alas, only God can press him to be so now.

Leong1982, Security Commission Malaysia contact, general line, is as follow:


Securities Commission Malaysia
No. 3, Persiaran Bukit Kiara, Bukit Kiara, 50490 Kuala Lumpur

website: https://www.sc.com.my/about/contact-us

phone: +603-6204 8000

email: cau@seccom.com.my

I have an earlier experience with SC on Puncak Niaga, well, a painful and expensive attempt to seek justice. My understanding goes like this: If a deal is not yet closed, and we minorities raised the issue with some big guy support, there is hope. Raising the issue with no big guy support, might as well forget about it. After a deal is closed, any attempt to raise any concern is worse, Bursa and SC they themselves have to fight to make sure we justice seekers "understand" that the deal is "fair" and "reasonable." Any attempt to revert the deal is basically career or political suicide.

If you believe there's hope, hopefully the above contact helps.

Posted by 1431599283521664 > 2019-07-26 16:35 | Report Abuse

by right all vt shares are bought above 30 cents . maybe averaging around 40 cents. with 85% in hand, the question is does he needs to short change the remaining 15% minority?

Posted by kahhoeng > 2019-07-26 16:45 | Report Abuse

simon2020,

# why is there a persistent effort to block the price from rising? irregardless of good news or current Qtr. Profitability or Bursa performance lately?

- I believe I have posted my view on this before. Unless we can view the trades since the Penta deal, there's no telling if they are "block from rising" or "attempt to sell" by "retailers" or "big shots." Guess only company registrar, Bursa and SC can really look into it, but guess we, minorities, will never know...

# why is NCBO imposed on BJLand & BJCorp?

- think its best you ask your broker.

# why VT moved all profit making Biz under BJLand? i.e. BJSports, HR Owens, Icelandair Hotels etc. where he has most control at 85%?
# why the discount ratio between BJLand & BJCorp remains constant irregardless of their price?
# why VT now making big plans for BJCorp/BJLand expansion & giving corresponding press release? i.e TVET?, Investment in Icelandair?, Collaboration with Monaco Royalty? HR Owens global showroom for Rolls Royce? Visit Malaysia 2020?

- err. BJLand is not really profitable operation-wise. The profits made have mostly from BJToto and investments sold. If you go through the financial statements evaluating the balance sheet, operating cash flows and income statements, you would have better understanding. A mere read on Revenue and Profit figures is not a good indicator.

Posted by kahhoeng > 2019-07-26 17:32 | Report Abuse

eddysurge, sorry, not understanding your question. Also, I am also a retail investor and I am merely read and comment based on what I know. My apology for any mistake...

Posted by Eddysurge > 2019-07-26 17:51 | Report Abuse

Thanks you kahhoeng.

Posted by Good123 > 2019-07-26 18:13 | Report Abuse

bjland should do the same. KUALA LUMPUR (July 26): Asia Media Group Bhd's shareholders yesterday voted to remove five directors, including its chief executive officer (CEO) Datuk Wong Shee Kai, at an extraordinary general meeting (EGM).
According to a filing to Bursa Malaysia yesterday, shareholders holding a total of 106.34 million shares or 73.07% voted for the removal of the five directors and the appointment of four new directors to the board.
Other than Wong, non-independent and non-executive director Chow Zee Neng, non-independent executive director Ong Kar Kian, independent and non-executive director Paul Jong Jun Hian and independent and non-executive director Ong Chooi Lee were removed.
Currently, after the EGM, the board therefore now comprises a total of six directors, two of whom are existing directors who were not subject to any resolution for their removal.
Asia Media also noted that the board of directors met at an emergency board meeting held immediately after the EGM.
"Among other concerns, the board wished to consider the effect, impact and veracity of the Practice Note 17 (PN17) Announcement," said the company.
Notably, in a separate filing on Wednesday, Asia Media fell into PN17 status after the loss of its major business, resulting in the company being unable to continue to operate its transit TV network and advertising business.
Asia Media said it had lost its contract with bus operators in both Klang Valley and Johor.
However, newly appointed directors Liew Chee Keong and Yap Ping Tiong were denied access to visit the company's office by a former executive director, said Asia Media. The said former executive director was not named.
"From the best information available to the board, the former executive director had been and is likely to be an employee of the company or a group company," it said.
As a result, at this moment the board is unable to determine the status of the relevant contracts, or the circumstances surrounding how the company lost the relevant contracts, or the veracity of the status of the company as an affected listed issuer in the manner described in the PN17 announcement," Asia Media added.
The board is taking legal advice as well as lodging a police report, and is persisting to get access to the relevant contracts and other documents, as well as obtain relevant information, said Asia Media, adding that the board aims to make an announcement on this shortly.
Trading in Asia Media shares was suspended since May 9 this year. It was last traded at 13.5 sen and has a market capitalisation of RM32.33 million.

Posted by Leong1982 > 2019-07-26 18:27 | Report Abuse

Berjaya Land Berhad ("BLand") has received a notification dated 26 July 2019 from Tan Sri Dato' Seri Vincent Tan Chee Yioun, a Director of Sports Toto Malaysia Sdn Bhd, a major subsidiary of BLand, that he intends to deal in the securities of BLand during the closed period. His interest in the securities of BLand as at 26 July 2019 is set out in the table below: