Posted by Bettyem > 2019-08-02 19:01 | Report Abuse

And only 750,000,000 million or 15% free floating BJLand shares left Vs BJCorp with 5,214,000,000 shares worth 26 sens each!

Posted by Leong1982 > 2019-08-02 19:04 | Report Abuse

Bettyyem, less than 15% now...

What's the implication???

Posted by freetospeak > 2019-08-02 19:12 | Report Abuse

Privatisation soon...vt is not lying after all.

Posted by Leong1982 > 2019-08-02 19:20 | Report Abuse

Sure or not.... Dividend first leh

Posted by Bettyem > 2019-08-02 19:35 | Report Abuse

If Public spread now is just 14.86%!! Means SC/Bursa's free-float requirements of at least 85% has been breached! Don't think there will be further extensions from the authorities?

Posted by Eddysurge > 2019-08-02 19:36 | Report Abuse

Noone telling who selling or let out?

Posted by birkincollector > 2019-08-02 19:37 | Report Abuse

they said will rectify the public spread..hope not donkey business again!

Posted by shortinvestor77 > 2019-08-02 19:45 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6244125

Posted by shortinvestor77 > 2019-08-02 19:45 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6244109

Posted by Good123 > 2019-08-02 19:48 | Report Abuse

PUBLIC SHAREHOLDINGS SPREAD

BERJAYA LAND BERHAD
TypeAnnouncementSubjectPUBLIC SHAREHOLDINGS SPREAD
DescriptionPUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO PARAGRAPH 8.02 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

The Board of Directors of Berjaya Land Berhad (“BLand”) wishes to announce that the public shareholding spread of BLand is 14.86% following the acquisition of shares in BLand by Tan Sri Dato’ Seri Vincent Tan Chee Yioun, a substantial shareholder of BLand on 2 August 2019. Bursa Malaysia Securities Berhad had on 20 December 2018 approved a minimum public spread of 15%. BLand will consider appropriate steps to rectify the shortfall in public spread.
 
This Announcement is dated 2 August 2019.




Announcement Info

Company NameBERJAYA LAND BERHADStock NameBJLANDDate Announced02 Aug 2019CategoryGeneral Announcement for PLCReference NumberGA1-02082019-00112

Posted by Good123 > 2019-08-02 19:48 | Report Abuse

close to privatization

Posted by Good123 > 2019-08-02 19:49 | Report Abuse

vt pun tak payah buang masa fikirkan syer dan harga

Posted by shortinvestor77 > 2019-08-02 19:50 | Report Abuse

Next week. Trading halt. Then followed by announcement of MGO. Looking forward.
Now can kahhoeng and others lodge a complaint to all parties : SC, Bursa... ,BJLand, .. .? TQ.

Posted by Good123 > 2019-08-02 19:50 | Report Abuse

vt akan cari rakan untuk swastakan bjland.. dah melebihi 85% kini

Posted by shortinvestor77 > 2019-08-02 19:51 | Report Abuse

BLand will consider appropriate steps to rectify the shortfall in public spread.
Don't need to consider, just MGO.

Posted by Good123 > 2019-08-02 19:52 | Report Abuse

vt continues to sapu puas2 , rakan dah ditemui , privatize atau off market deal... penta style

Posted by Good123 > 2019-08-02 19:53 | Report Abuse

the show has just started today

Posted by Good123 > 2019-08-02 19:53 | Report Abuse

offer the penta deal to the minority shareholders, habis cerita

Posted by shortinvestor77 > 2019-08-02 19:53 | Report Abuse

Syndicates that have been accumulating BJLand shares has successfully made VT tak boleh tahan low price of shares and just overbought 85%.

Posted by Good123 > 2019-08-02 19:54 | Report Abuse

bjcorp will rebounded after the penta deal also...

Posted by setia2u > 2019-08-02 19:55 | Report Abuse

At the first place, surely VT knew that if he purchased the 10.0mil today, it will trigger the 15% threshold, so he definitely has a plan on how to rectify it, of course, he will not buy at 15.7 sen then sell it lower, right? At current huge discount to NTA, what else, take advantage out of it, privatized the company with certain premium, even at 50% of 16.0 sen, it is just 24.0 sen, BUT NTA is 85.0 sen! So it is getting more interesting from now on,24.0 sen, 30 sen, 38 sen, or more at 50% discount of NTA! Cheers.

Posted by Good123 > 2019-08-02 19:55 | Report Abuse

share swap with bjcorp, settle it if tak mau bagi cash

Posted by bensonlam33222 > 2019-08-02 19:55 | Report Abuse

VT owns bursa. SC can set new minimum public spread for him.it happened before.it will happen again.

Posted by Good123 > 2019-08-02 19:57 | Report Abuse

share swap with bjcorp, later bjcorp declares dividend, bjland holds 40% of bjtoto, dividend never fail haha

Posted by Good123 > 2019-08-02 19:57 | Report Abuse

I think tomorrow, bjland will move upward

Posted by Good123 > 2019-08-02 19:58 | Report Abuse

vt isn't stupid, he broke the 85% threshold with his plan in mind

Posted by Good123 > 2019-08-02 19:59 | Report Abuse

next week, show time

Posted by 1536373271 > 2019-08-02 20:01 | Report Abuse

monday if got chance , must sapu at 16cents

Posted by rogers123 > 2019-08-02 20:03 | Report Abuse

Kahhoeng: u r good at picking undervalue stocks. But all the stocks u pick like puncak, bjland, bjcorp. All died... Y?

Posted by shortinvestor77 > 2019-08-02 20:29 | Report Abuse

That's why we need all to cooperate to lodge complaints now in advance.

bensonlam33222 VT owns bursa. SC can set new minimum public spread for him.it happened before.it will happen again.
02/08/2019 7:55 PM

Posted by bensonlam33222 > 2019-08-02 21:38 | Report Abuse

the sell queue at 0.16 was huge.obviously the foreign fund was the one who sell queued at 0.16 .that was why VT came to support the share price.

Posted by Leong1982 > 2019-08-02 21:45 | Report Abuse

Benson, too naive to think VT came to support the price...

Posted by kahhoeng > 2019-08-02 21:51 | Report Abuse

rogers123, I complaint only those I'm still holding with absurd transactions/deals.

Posted by firehawk > 2019-08-02 22:51 | Report Abuse

What? it is not VT selling all the while .... some others selling, until so low ..., VT also tak boleh tahan and buy, until breach the bursa listing requirements .......

how he rectify the shortfall? privatize it @0.38?

Posted by Good123 > 2019-08-02 23:45 | Report Abuse

next week, more surprising move by vt likely

Posted by Good123 > 2019-08-02 23:45 | Report Abuse

drama just started

Posted by kahhoeng > 2019-08-02 23:49 | Report Abuse

To me, it doesn't matter if VT is buying or not from the market. However, it is an ISSUE when BJCorp bought from Penta at an exchange premium without a similar extended to minorities. What's more, BJCorp is ONLY buying from Penta just enough to avoid the 15% 'special' spread approved by Bursa while Penta's stake (3.324%), together with what VT's holding (84.684%), is almost 90%(88% to be exact)! To add pain to minorities, brokers have stopped considering BJLand marginable.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6087373

Penta's
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


http://www.bursamalaysia.com/market/listed-companies/company-announcements/6087369

VT's
Circumstances by reason of which change has occurred Deemed interested by virtue of his interest in Berjaya Corporation Berhad, the ultimate holding company of Juara Sejati Sdn Bhd
- Completion date of the acquisition of 230,000,000 ordinary shares pursuant to the share sale agreement dated 30 January 2019.
Nature of interest Deemed Interest
Direct (units) 69,150,400
Direct (%) 1.386
Indirect/deemed interest (units) 4,156,086,872
Indirect/deemed interest (%) 83.298
Total no of securities after change 4,225,237,272
Date of notice 05 Mar 2019
Date notice received by Listed Issuer 05 Mar 2019

Posted by Good123 > 2019-08-03 00:20 | Report Abuse

tell vt to swap all the remaining bjland shares with bjcorp shares , habis cerita... dont drag to create more controversies

Posted by stahl2017 > 2019-08-03 07:17 | Report Abuse

i think he acquire thru off market, penta again?

Posted by bnmacai > 2019-08-03 07:21 | Report Abuse

I don't want to pour cold water here but you think he will privatize above 16 cents? Have to be realistic. His calculator anytime more canggih than anyone of us here

Posted by bnmacai > 2019-08-03 07:23 | Report Abuse

All these big bosses sahaja tahu jaga own pocket. Almost 20 years I'm with MCA, siapa serigala siapa ular, you can see by their face.

Posted by bnmacai > 2019-08-03 07:23 | Report Abuse

A very good example is YTLLand.

Posted by freetospeak > 2019-08-03 07:49 | Report Abuse

Vt bot direct from open market...its stated in annoucement...trying to get sc approval for 10 percent public spread...seems impossible...10% is a sensitive spot like the g u know.

Posted by Good123 > 2019-08-03 08:02 | Report Abuse

later vt will say oklah beli semua

Posted by kahhoeng > 2019-08-03 08:23 | Report Abuse

VT, through press conference end of last year, had a chance to make things right. He outlined his plan on how to address issues within the group. Unfortunately, VT not only failed his minorities but his plan made those reading or listening felt that he's still the conman he used to be.

FIRST, his BODs issued statement stating that they're clueless!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6013753

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.

SECOND, after the proposed acquisition of Penta's stake, VT gave false impression on privatizing BJLand while further squeezed his minorities. Further discussion is on an earlier post.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6054497

On behalf of the Board of Directors of BCorp, Maybank Investment Bank Berhad wishes to announce that BCorp and its wholly-owned subsidiary, Juara Sejati Sdn Bhd, have today entered into a conditional share sale agreement with Penta Master Fund, Ltd., PCM Industrial L.P. and Penta Asia Long/Short Fund, Ltd. for the Proposed Acquisition.

Please refer to the attachment for full details of the Proposed Acquisition.

This Announcement is dated 30 January 2019.

What's more, its with BURSA and SC's approval!

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”).

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.


THIRD, instead of selling Kyoto Four Season first, BJLand is buying hotels in Iceland and Okinawa Four Season after the disposal of 75% Stake in T.P.C Nghi Tam Village Ltd, err... what to say? Giving the impression trying to liquidate more assets but is adding more instead?!?

A. http://www.bursamalaysia.com/market/listed-companies/company-announcements/6020777

Description PROPOSED DISPOSAL OF THE ENTIRE 75% STAKE IN T.P.C NGHI TAM VILLAGE LTD ("PROPOSED DISPOSAL")

Please refer to the attachment for details on the Proposed Disposal.

This Announcement is dated 28 December 2018.

B. http://www.bursamalaysia.com/market/listed-companies/company-announcements/6038337

The Board of Directors of Berjaya Land Berhad wishes to inform that its wholly-owned subsidiary, Berjaya Okinawa Development Co. Ltd., had entered into a hotel management agreement with Four Seasons Hotels and Resorts for the development of the Four Seasons Resort and Private Residences Okinawa on the island of Okinawa.

Please refer to the attached press release for further details.

This Announcement is dated 17 January 2019.

C. http://www.bursamalaysia.com/market/listed-companies/company-announcements/6223609

Description PROPOSED ACQUISITION OF 75% STAKE IN ICELANDAIR HOTELS EHF, HLJOMALINDARREITUR EHF AS WELL AS CERTAIN HOTELS AND REAL ESTATE ASSETS

Please refer to the attachment for details.

Posted by kahhoeng > 2019-08-03 08:24 | Report Abuse

now can ONLY pray hard hard VT is really genuine, sigh!

Posted by Bettyem > 2019-08-03 08:40 | Report Abuse

It's important to pre-emp any hanky-panky from happening and prevent SC/Bursa from giving anymore extensions to BJCorp/BJLand by alerting all biz newspapers like the:

Edge Malaysia,
https://m.facebook.com/theedgemalaysia/

Malaysiakini
https://m.malaysiakini.com/en

The Star Online
https://www.thestar.com.my/news/latest?tag=Business

NSTP
https://www.nst.com.my/

Btw what happened to shortinvestors77's open letter to SC/Bursa, deleted by whom? Should forward it to all relevant authorities including :

Minorities Shareholders Watch Group (MSWG)
http://www.mswg.org.my/

and also MACC
https://www.sprm.gov.my/index.php/en/121-risalah/401-cara-membuat-aduan

Btw Since BJLand/BJCorp AGM is end of the month, it's a good time for VT to announce any restructuring to BJGroup since BJMedia also needs to present a Regularisation Plan to SC on an urgent basis?

Posted by OceanSky > 2019-08-03 09:15 | Report Abuse

Pls exclude the foreign fund from the round of sell down.
They will not act emotional as those retailers, the y have sit tight and pending for the final episode.
As mentioned, the fight are in between the Syndicate and a group of retailers.
For the retailers still stay, "United" together and hold tight shall be the only way to resist the impact.

Posted by OceanSky > 2019-08-03 09:19 | Report Abuse

Bj Land KLS
Macquarie Bank Ltd. (Private Banking)
AS OF 18 JUL 2018
246.00m 4.92%
PENTA Investment Advisers Ltd. (Hong Kong)
AS OF 05 MAR 2019
166.19m 3.32%
Dimensional Fund Advisors LP
AS OF 31 MAY 2019
21.96m 0.44%
Dimensional Fund Advisors Ltd.
AS OF 30 NOV 2018
709.73k 0.01%

The Foreign investor holding at Bj Land can be found from Bj Land : KLS, profile

From the above, can confirm that there are total of 435.5 mil, 8.70% bj land were held by foreign.
Therefore, the balance of float shares in present marlet is only 328.66 mil, 6.62%.
30/07/2019 8:35 AM

Posted by freetospeak > 2019-08-03 09:20 | Report Abuse

Disposal n acquisition of assets are part of business operation...even bjland privatised n delisted. It will still carry on.its not like after privatised then close shop. So if vt thinks its time to privatised.he will do it whether disposal or aquisition is going on. May b vt thinks retaining kyoto 4 season n iceland hotel can add value to his singapore hotel listing. We will c wats up his sleeves at the agm.