Posted by kahhoeng > 2019-08-03 10:07 | Report Abuse

Well, it's true buy and sell is norm to VT, but it's another thing coming back to say one thing but doing the opposite...

Posted by Bettyem > 2019-08-03 10:24 | Report Abuse

Actually we need to give VT credit when it's due:
* Last week VT's family was in Japan specifically FS Kyoto.. but why hush it up? was it to meet-up a prospective buyer from US?...after all even Kim Kardashian gave her thumb's up during her stay there last week?
* Also Morvin went to Monaco last week to follow-up with potential biz collaborations after VT's meeting with Prince Albert after the Icelandair Hotels purchase?
* Also according to the Korea news report below: resolution on Compensation from Jeju Korea may come in 3 month's time by Oct/Nov? That's why VT jumped the gun to breach Bursa's free-float threshold of 85,%?

https://translate.googleusercontent.com/translate_c?depth=2&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=http://m.jemin.com/news/articleView.html%3Fidxno%3D608977&xid=17259,15700021,15700186,15700190,15700256,15700259,15700262,15700265&usg=ALkJrhiTROy88S70QCsESbjcr7-3niJGcA

Posted by Good123 > 2019-08-03 11:42 | Report Abuse

agreed..vt broke threshold with purpose... probably make minority shareholders happy next week, who knows

Posted by Good123 > 2019-08-03 11:43 | Report Abuse

85 sen net assets per share, current price only 16sen... bjtoto dividend to be received this month too

Posted by Good123 > 2019-08-03 11:45 | Report Abuse

very likely vt will invite sultan johor to participate in the privatization of bjland... remember sultan johor also holds substantial stake in bjassets, etc

Posted by Good123 > 2019-08-03 11:45 | Report Abuse

next week, accumulate more shares :)

Posted by Good123 > 2019-08-03 11:46 | Report Abuse

siapa cepat siapa dapat next week :)

Posted by Good123 > 2019-08-03 11:47 | Report Abuse

approaching the end for bjland, endgame by vt :)

Posted by Good123 > 2019-08-03 11:47 | Report Abuse

tak kan fatal mau pecahkan threshold tanpa objektif. gila babi

Posted by Good123 > 2019-08-03 11:49 | Report Abuse

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS DURING CLOSED PERIOD

BERJAYA LAND BERHAD
TypeAnnouncementSubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIODDescriptionDIRECT INTEREST

Further to our announcement dated 26 July 2019 on the above and pursuant to Paragraphs 14.03 and 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad in relation to dealings in the securities by Directors/Principal Officer of a listed issuer during the closed period, we wish to inform that,Tan Sri Dato' Seri Vincent Tan Chee Yioun ("TSVT"), a Director of Sports Toto Malaysia Sdn Bhd, a major subsidiary of Berjaya Land Berhad ("BLand") has dealt in the shares of BLand as set out in the table below. 
 
DIRECT INTEREST - acquired through open market
Name of Affected PersonDatePrice per shareNo. of shares acquired% of Ordinary sharesTan Sri Dato' Seri Vincent Tan Chee Yioun2.8.2019RM0.157110,000,0000.20
 
 




Announcement Info

Company NameBERJAYA LAND BERHADStock NameBJLANDDate Announced02 Aug 2019CategoryGeneral Announcement for PLCReference NumberGA1-02082019-00094

Posted by Good123 > 2019-08-03 11:50 | Report Abuse

sapu 10mil shares by vt good job

Posted by Eddysurge > 2019-08-03 11:52 | Report Abuse

Oceansky good analysis. VT bought, syndicate is the sold one's, the group of retailer maybe 10%. Maybe they want out???

Posted by Eddysurge > 2019-08-03 11:56 | Report Abuse

Croc out, fox in and ikan bilis looking left & right hand waving.

Posted by birkincollector > 2019-08-03 12:03 | Report Abuse

i think no harm buying some to keep if got extra money...thinking to top up some...timing seem about right

Posted by Tan Yat Ming > 2019-08-03 12:14 | Report Abuse

*** Is it a good or bad news for BJLAND ???? Pls advice ~~~


JDC may face W5.1 tril. suit over halted resort plan

The Jeju Free International City Development Center (JDC) may face a huge compensation suit by Berjaya Jeju Resort (BJR), a joint venture for the development of a resort complex which has been suspended.

Kim Han-wook, CEO of the JDC, said at a press conference Wednesday that he was told the project developer is preparing for the suit, seeking approximately 5.1 trillion won ($4.2 billion) in compensation for the project which was stopped last year.

The compensation reportedly includes damages such as construction costs, loss of future profits and losses from falling share prices.

BJR was established by the Berjaya Group, a Malaysian conglomerate, and the JDC, an affiliated organization of the Ministry of Land, Infrastructure and Transport (MOLIT) with stakes of 81 percent and 19 percent, respectively.

The project began in 2008 with 2.5 trillion won to create a resort area by 2017 in Yere-dong, Segwipo City on Jeju Island with residential condominiums, villas, hotels, a casino, a shopping complex and a medical center.

The JDC had promoted the project as a luxury, value-added resort complex targeting the wealthy elderly and tourists.

But the Supreme Court ordered the suspension of construction last April, citing that the developer had misled landowners over use of the site.

Four landowners filed the suit, claiming that the complex doesn't meet the requirements of the public good. The law on recreational zone development stipulates building facilities that contribute to residents' welfare for the public good.

The top court said that the project was invalid because it pursued profits earned
from certain types of customers.

In November, BJR had already filed a suit against the JDC for halted construction in Gotjawal Village, the first part of the total nine-phase project, seeking 350 billion won in compensation.

In response to the lawsuit, Kim said that the JDC has been pushing for revision of the special law in the National Assembly to resume the project. The proposed revision would allow a wider concept of condominiums and other profit-making facilities to be constructed in recreational areas.

"We are preparing for the worst-case scenarios to minimize damages from investors, the provincial government and landowners," Kim said. "To do that, we will do our best to pass the revision of the special law."

However, even if the revision is passed, the project will go back to the drawing board for obtaining the land and approval.

Posted by MACHX > 2019-08-03 12:18 | Report Abuse

the penta investment has financial problems.it is dumping the shares.VT helped penta to dump the shares with the share swap arrangement.

Posted by Good123 > 2019-08-03 12:33 | Report Abuse

fingers crossed , vt will announce A voluntary offer is a take-over offer for the shares of a company made by an offeror who has not incurred an obligation to make a mandatory offer under Rule 14.1. An offeror may choose to make a general offer. for all equity shares in the target company

Posted by Sslee > 2019-08-03 13:08 | Report Abuse

Dear all,
Before the next AGM I will email to the Bjland Board if they agreed with major shareholder TSVT statement that Bjland current market price is severely undervalue then the Board should carry out share buy-back for the benefit of all shareholder rather than only benefit major shareholder TVST buying cheap-cheap from open market.
Hence I would propose next Bjland AGM to include this resolution under renew authority for the Company to purchase its own shares (10% of the total number of issued shares) the board should make another resolution to waive the MGO if such buyback which may result in TSVT and persons acting in concert (“PACs”) holding more than the allowed share spread which will then trigger a mandatory takeover offer (“MGO”) on the remaining BJland shares not owned by TSVT and BJcorp.
If this waiver resolution is passed/carried at Bjland next AGM then Bjland can buy-back 10% of it share from open market and automatically mop up the share from open market till TVST can owned more than 90% without taking Bjland private and Bjland market price will sky rocket to whatever price TVST desired.

Thank you

Posted by 4iiii > 2019-08-03 13:15 | Report Abuse

Every1 say buy buy buy why can drop? Who sell?

Posted by birkincollector > 2019-08-03 13:46 | Report Abuse

4iii vt himself and proxies creating fake selling to scare ppl lor

Posted by skyu > 2019-08-03 14:19 | Report Abuse

sslee, I thought many of the small players hope Vt will privatise bjland. for the 10% shares buy back, I don't think it will ever happen as almost 85% is in vt hand now. secondary, most of the 15% owned by the heavy loss making retailers.

Posted by Good123 > 2019-08-03 14:20 | Report Abuse

bjland is a classic case for finance students to do further research :)

Posted by Good123 > 2019-08-03 14:21 | Report Abuse

run up to privatization, more fun :)

Posted by Bettyem > 2019-08-03 14:48 | 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 Good123 > 2019-08-03 15:18 | Report Abuse

less than 15% shares not belonged to vt... vt will be generous a bit this time, dont worry

Posted by Good123 > 2019-08-03 15:19 | Report Abuse

as a listed company, meaningless already with less than 15% in public hand

Posted by Good123 > 2019-08-03 15:22 | Report Abuse

new millionaires will emerge chasing up this stock soon :)

Posted by skyu > 2019-08-03 15:47 | Report Abuse

I do think don't be too optimistic. vt of course well aware he breach the terms of making free float less than 15%. i think next week bursa will grant him extension again. at least, I am not the lucky one whenever in stockmarket, just wish I don't need to be the idiot by paying vt and his children the lavish lifestyle.

Posted by G C > 2019-08-03 17:10 | Report Abuse

Sure some share holder will asking the status when came to AGM. Worst case some one need to up "Oppressive remedy" to ask big share holder to buy off from small share holder if they really plan to privatise.

I remember to some expert told me once that one of requirement to privatise a company, the buyer need to clear all the debt before privatise, BJLand debt recorded around RM3Bil. There is no doubt that Rich people like VT can make loan of such amount.

Next AGM will very interesting seeing company management answer minor share holder question.

Posted by OceanSky > 2019-08-03 18:41 | Report Abuse

With the new Financial end closed at June, the next AGM will only be held on Dec-2019.
Therefore, the management may not face minority if the privatisation happen in these few months.

Posted by skyu > 2019-08-03 18:55 | Report Abuse

yes. I agree agm won't be in July. once the annual report out , on normal practise, they need a month orn2 to prepare the agm.

Posted by ignissimia > 2019-08-03 19:50 | Report Abuse

Since the SSA was dated 31 Jan 2019, it's already past the 180 days period that BJCorp would have been bound to offer at least the same Penta deal to minority shareholders of BJLand should and when the company make a General Offer to wrap up all BJLand shares. The new reference price is 16 sen unless there are new purchases made by BJCorp and PACs at higher prices or considerations later and before a General Offer is made.

Posted by ignissimia > 2019-08-03 20:05 | Report Abuse

Had VT launched a GO a few days ago, the Penta deal would have had a bearing on the new offer.

The privatisation exercise appears to be in the works with all the repositioning moves. The only problem is it's unconfirmed and the market can only speculate wildly about the details.

Posted by shortinvestor77 > 2019-08-03 20:06 | Report Abuse

AGM should be around mid of Dec this year due to extra two months (May-June) for existing financial year. Last year, AGM was held at 17 Oct, 2018.

Posted by 129055444514385 > 2019-08-03 20:06 | Report Abuse

expecting bjcorp share price to fall pending the share swap with bjland... same offer to penta or higher in order to get the approval from the minority shareholders

Posted by 129055444514385 > 2019-08-03 20:06 | Report Abuse

sell bjcorp buy bjland next week :)

Posted by Bettyem > 2019-08-03 21:15 | Report Abuse

Actually the conditional sale agreement for Penta to sell to BJLand shares to BJCorp was 30 Jan 2019.

However the actual completion date of share swap of BJLand shares by Penta & BJCorp was only completed on 6 March 2019.

Therefore the 38 sens share swap offer by BJCorp for Penta's BJLand shares still stands until 6 Sept. 2019 (6 Mths). Anybody can counter verify at link below...

Refer pg. 2893#

htps://cn.cari.com.my/forum.php?mod=viewthread&tid=2006988&extra=&ordertype=1&mobile=2

Posted by Bettyem > 2019-08-03 21:17 | Report Abuse

https://cn.cari.com.my/forum.php?mod=viewthread&tid=2006988&extra=&ordertype=1&mobile

Posted by shortinvestor77 > 2019-08-03 21:30 | Report Abuse

http://customer.bursamalaysia.com:8080/MainLR/Pages/MainChapter8.aspx

“Approved Public Spread”

Posted by shortinvestor77 > 2019-08-03 22:04 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/821921
Further to our announcement dated 20 July 2010, Berjaya Land Berhad (“B-Land”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 18 August 2010 (which was received today), approved our application for acceptance of a lower public shareholding spread of 20% as in compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities.

As at 16 August 2010, the public shareholding spread of B-Land is 24.06%. Accordingly, the Company has complied with the minimum public shareholding spread requirement of 20% as approved by Bursa Securities.

Posted by shortinvestor77 > 2019-08-03 22:05 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5844445

The Board of Directors of Berjaya Land Berhad (“BLand”) wishes to announce that based on Record of Depositors as at 29 June 2018, the public shareholding spread of BLand is 19.95% which is below the 20% minimum public shareholding spread requirement approved by Bursa Malaysia Securities Berhad (“Bursa Securities”) vide its letter dated 18 August 2010.
BLand will seek the approval of Bursa Securities for an extension of time to comply with the public shareholding spread requirement.

This Announcement is dated 3 July 2018.

Posted by shortinvestor77 > 2019-08-03 22:06 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5862105

Further to our announcement dated 3 July 2018, the Board of Directors of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that Bursa Malaysia Securities Berhad has, vide its letter dated 20 July 2018 granted BLand an extension of time of 6 months from 29 June 2018 until 28 December 2018 to comply with the previously approved public shareholding spread of 20% (“Public Spread”).
Currently, the public shareholding spread of BLand stood at 19.95%. The Company has yet to formulate any formal rectification plan to address the shortfall in the Public Spread but will explore all possible options to meet the Public Spread within the extended period.

This Announcement is dated 23 July 2018.

Posted by shortinvestor77 > 2019-08-03 22:06 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6087465
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.

Posted by shortinvestor77 > 2019-08-03 22:07 | Report Abuse

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

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.

Posted by shortinvestor77 > 2019-08-03 22:40 | Report Abuse

I have sent an e-mail to Bursa Malaysia (aduan@bursamalaysia.com, Chairman
Datuk Shireen Ann Zaharah binti Muhiudeen
(603) 2034 7338
Chairman@bursamalaysia.com AND SID
Datuk Karownakaran @ Karunakaran a/l Ramasamy
(603) 2297 2101
karu.kr@gmail.com) The rest, please cooperate and send it to other parties accordingly)

Dear Sirs/Madams,
Greetings.
We as shareholders of BJLand have been complaining against Bursa Malaysia that allowed public shareholdings spread from a minimum of 25% down to a minimum of 20% and then down to a minimum of 15%. We hope God will judge between us and Bursa for not protecting the benefits of retail investors and not upholding the right standard rules and regulations of Bursa Malaysia.
Today, we see that from the link: http://www.bursamalaysia.com/market/listed-companies/company-announcem...
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.
We really hope no bribery and corruption happen in Bursa Malaysia. Bursa should not once again allow lesser public spread shareholding to cap at lower than 15% after this. We hope Bursa shall immediately order the substantial shareholders, Tan Sri Dato’ Seri Vincent Tan Chee Yioun and his companies to buy back all shares from us with a good price as it has triggered MGO already.
Thank you. We look forward to hearing from you soon

Posted by shortinvestor77 > 2019-08-03 22:41 | Report Abuse

Dear Sirs/Madams,
Further to my complaint above, I need to insert the details of how BoD of BJLand and its substantial shareholders BJCorp and Tan Sri Dato’ Seri Vincent Tan Chee Yioun have never explored all possible options to meet the Public Spread within the extended period and worse still have never formulated any formal rectification plan to address the shortfall in the Public Spread since 18 August 2010 (Bursa Malaysia started approved BJLand application for acceptance of a lower public shareholding spread of 20%) through 20 December 2018 (Bursa Malaysia Securities Berhad had approved a minimum public spread of 15% AGAIN) AND NOW ON 2 AUGUST 2019 the public shareholding spread of BLand is 14.86% PROVE THAT IT HAS NO INTENTION TO COMPLY with the required shareholding spread.
During these 9 years time, BURSA MALAYSIA does not follow up closely and does not care about this matter. We as shareholders (minority) feel very disappointed as it has jeopardize our benefits, what more it shares price has been decreasing till 16 cents on 2 August, 2019 with its market capital of RM 800 million only which is far less than RM 1 billion.

Posted by freddiehero > 2019-08-03 22:41 | Report Abuse

weldone

Posted by shortinvestor77 > 2019-08-03 22:48 | Report Abuse

My aim is to speed up Bursa rejecting BoD of BJLand to apply for acceptance of a lower public shareholding spread of 10% and thus make the substantial shareholders to offer us immediately. Could be just after 6 Sept. 2019, Bursa would not extend and would not approve anymore the acceptance of lower public shareholding spread. You all can copy and paste all thta I have given and make the similar complaints to all parties including Bursa Malaysia too. TQ. Good luck.

Posted by Leong1982 > 2019-08-03 22:55 | Report Abuse

Will send.

Posted by ignissimia > 2019-08-03 22:55 | Report Abuse

Ok, I agree that the effective date to be used should be the date the transacted was made as recorded by KLSE and that being 5th Mar 2019 implies it stays relevant until 4th Sep 2019. When the SSA becomes binding doesn't matter in this situation.


Bettyem > Aug 3, 2019 9:15 PM | Report Abuse

Actually the conditional sale agreement for Penta to sell to BJLand shares to BJCorp was 30 Jan 2019.

However the actual completion date of share swap of BJLand shares by Penta & BJCorp was only completed on 6 March 2019.

Therefore the 38 sens share swap offer by BJCorp for Penta's BJLand shares still stands until 6 Sept. 2019 (6 Mths). Anybody can counter verify at link below...