I'm not VT, but if he's genuine on privatizing bjland, it's easier to simply buying up all penta's stake. I was initially hoping that it's because VT intends to offer a higher price by only buying a ccertain percentage. My assumption is based on bursa/SC will provide a minimum level of protection to minorities. Apparently, I'm most likely wrong, which is why I have been cursing (or barking?) here, knowing that my anger as a minority will not be entertained by bursa/SC...

Based on what's known with penta latest deal, VT has no intention to privatize bjland at all...

any syndicates trying to challenge VT must have the pocket deep enough to absorb the total number of shares Penta dispose in the open market, at least 100 million shares?

shortinvestor77, if Bursa/SC barred BJLand and BJCorp directors from holding listed companies directorship right within the first month of receiving your email, I would be extremely happy... Now, acknowledgement and promises carry NO meaning to me already, cause it has already been 3 MONTHS!

Still, your efforts and sharing are much appreciated.

From Aug 09 till Nov 14, that's what Bursa/SC can do? An email stressing they are aware and actions will be taken?

shortinvestor77, thanks for your effort and sharing.

leek, minorities are protected in the US through class action lawsuit, we are not in Malaysia, especially after BURSA/SC conveniently ignore this matter...

Doubt there's any fund manager willing to INVEST in a listed company that BURSA/SC are conveniently ignoring minorities rights. Without fund managers, good luck to us minorities....

After the latest Penta's deal, PCM should still hold on to 165 million shares if there's NO disposal.

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



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://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=197022&name=EA_DS_ATTACHMENTS

The latest BJLand annual report, though, show NO such position!

WHAT IS THIS TELLING US? Penta has been disposing BJLand shares ALL the while after the conversion of partial BJLand shares into BJCorp. WHY DIDN'T Penta dispose ALL then? Or, why DIDN'T Penta dispose all BJLand in the market?

Clearly, BJCorp has ASISTED Penta to dispose BJLand at PREMIUM, part of those through BJCorp and part of those through BJLand. Meanwhile, BURSA and SC have kept SILENCE, keeping an eye close to allow the deal to damage MINORITY SHAREHOLDERS! Clearly, to BURSA and SC, minorities are NOT treated EQUAL!!!!

Hope my finding is inaccurate, otherwise, this is market aimed at taking advantage of MINORITIES!

if risen by say 0.10 or above, then probably something is brewing, otherwise, don't think it's some significant move lah...

Aseng, you have posted so many, I have yet to see any that's knowledge and not emotional...

I'm not hoping for durian runtuh, I want a fair and transparent treatment!

hahaha, philanthropist? I have heard of 老吾老以及人之老，he would be the first of 老人老以及吾之老...

if Penta didn't dispose any BJLand shares post transaction, it would be even more interesting... Who's selling to take BJLand down to current level from close to 0.30?!?

simon2020, you got it wrong altogether! The 4.92% and 3.32% refers to Penta's total holding BEFORE the latest exchange into BJCorp shares. After which, Penta's total holding is less than 5% and NO LONGER required to announce any addition or disposal of BJLand shares. If Penta's holding is currently more than what's left after disposal to BJCorp, then Penta has been buying again. If less, than Penta has been disposing what's left. Given price drop on volume, the chances Penta has been disposing BJLand shares in the market is rather high. Question then, WHY Penta didn't sell all to BJCorp then?

SDF2000 The information is found in the following link --> PDF
https://www.ibanet.org/Document/Default.aspx?DocumentUid=9396529C-A9F3...

Another thing, two big institutions which are still holding BJL shares:
Macquarie Bank Ltd. (Private Banking) is still holding 246.00Mil shares (4.92%) [Last update Jul2018]
PENTA Investment Advisers Ltd. (Hong Kong) is still holding 166.19Mil shares (3.32%) [Last update Mar2019]


I doubt above information is correct! The above information is accurate ONLY before the Penta's latest deal. After which, there's no one who can tell, and there's possibility Macquarie/Penta have sold their remaining shares in BJLand...

Well, during the no news Vietnam asset disposal, I emailed bjland. I received a call from bjland trying to clarify the why 'no news'. While not satisfied, at least still 'comfortable' then with their effort to engage. Now, with VT talk cock and made so many false promises, really difficult to have any trust.

Aseng, my experience with SC tells me ONE thing, NEVER trust SC!

Aseng, I beg to differ. Offer to take private can be high and can be low, BUT it must INCLUDE everyone, NOT just his buddy and/or he himself! What's more, BURSA/SC should have stopped the last transaction requiring a similar offer must be extended to other minorities. Instead, it is NOT, which worry me more, as if BURSA/SC only talk cock!

Aseng,

1. When asked about dividend FY2019, I was told PERSONALLY by VT himself a YES. Well, I have yet to receive ANY.

2. During his press conference, he also mentioned Kyoto Four Season will be sold SOON. Well, I have yet to heard anything about it.

3. Penta has disposed BJLand shares to BJCorp twice, with the first has VT participating. The first valued BJLand at 0.60 (or slightly more?) and the second valued BJLand at 0.38. Both includes a share swap into BJCorp's. Well, I have yet to see an equivalent deal be offered to minorities. Both deals shrink shareholding spread squeezing ONLY minorities. I am not suggesting I will sell mine to BJCorp, but AT LEAST what's offered to him and Penta should be offered to other minorities as well.

4. So many others, best let others knowing VT better one to comment.


Probably, VT should walk the talk first, announce a DIVIDEND, say 0.01 per share for both BJCorp and BJLand. Before that, best don't touch, he has shown ZERO care for his minorities!

Aseng, Big money is made in the waiting? TELL that to those invested in BJLand and still holding 6 years, 5 years, 4 years, 2 years and 1 year ago...

best don't touch... so sad I have bought

If BJLand announced earlier a court ruling on Oct 31, then it should make the announcement IMMEDIATELY if its material OR right after closing if there's a delay in court ruling, NOT blank lah! Garbage management...

no price up cause NO news, especially not a word about the Jeju court ruling!

skyu, if SC/BURSA won't/can't address it, how would you expect MSWG to do anything?

skyu, you see, the problem is NOT if there's a privatization deal after shareholding spread is less than 25%, the BIG issue is WHY SC/BURSA NOT against the Penta deal without a general offer to other minorities!

No clue about other shareholders except BJCorp and VT, the posted info is basically a waste of paper, or e-paper in this case. Abuse of reporting requirements>

no need to post 30 largest shareholders lah, they are all BJCorp or VT...

Take it to bjcorp AGM then... just buy 100 shares

make sure they are rotten?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6321281

Type of Meeting Annual General Meeting
Indicator Notice of Meeting
Description Notice of Annual General Meeing

Date of Meeting 09 Dec 2019
Time 10:00 AM
Venue Perdana Ballroom, Bukit Jalil Golf & Country Resort, Jalan Jalil Perkasa 3, Bukit Jalil, 57000 Kuala Lumpur

VT hasn't mentioned anything about privatizing BJLand, and you guys already jumping to 'independent advisor report'?

think AGM announcement will be made tomorrow after today BJToto's ...

err... buyers more than sellers? You must be joking, its more like there's little interests to buy above 0.20 which support my point, i.e., best not to trade until VT makes clear his plan for BJLand...

its a shame VT has kept silence thus far... its best not to trade this stock until VT makes clear his final plan for BJLand.

shortinvesto77, doubt it's a joint offer by BJCorp-VT... It would be complicated going forward for BJCorp going forward. What's more, Berjaya Sompo is an insurance subsidiary that holds 42 million shares, wonder if it can hold BJCorp shares?!?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6206029

Circumstances by reason of which change has occurred (1) to (3) Deemed interested by virtue of its 100% equity interest in Berjaya Group Berhad, the holding company of Teras Mewah Sdn Bhd, Juara Sejati Sdn Bhd and Bizurai Bijak (M) Sdn Bhd
- Disposal of shares via married deal

(4) Deemed interested by virtue of its 100% equity interest in Berjaya Hills Resort Berhad
- Acquisition of shares via married deal

(5) Direct Interest
- Disposal of shares via married deal
Nature of interest Direct and Indirect Interest
Direct (units) 188,064,000
Direct (%) 3.769
Indirect/deemed interest (units) 3,690,374,996
Indirect/deemed interest (%) 73.964
Total no of securities after change 3,878,438,996
Date of notice 25 Jun 2019
Date notice received by Listed Issuer 27 Jun 2019


BJCorp owns ONLY 3.878 billion shares of BJLand, of which 42 million is held by Berjaya Sompo Insurance Berhad. So, to privatize BJLand, BJCorp will need to acquire roughly 1.2 billion shares. If it were to be acquired through share exchange like what's offered to Penta lately, it would be another 1.5 billion shares of BJCorp to be floated in market...

well, more like what BJCorp intends to do more than what BJLand intends to do...

shouldn't BOD announced its intention after Bursa resolved to dismiss BJLand's appeal like last time? Sep 10 announcement mentioned about BJLand's intention to appeal. This round, just like that, I don't want to tell you what BOD going to do?

so, what next?

leong, that's announced EVERY YEAR with NO action taken.

Eric Lim, VT has shown you what he can do already, JUST WON'T MAKE ANY OFFER TO MINORITIES EXCEPT BUDDY WHILE PRICE KEEPS FALLING and FORGET ABOUT DIVIDEND!

Frankly, hard to grab the idea BJCorp disposing BJToto bit by bit, kind of like seeing an adult trying to put on a little girl's skirt...

kmwong8711 if VT has no use of capital market, he has nothing to worry at all. Bursa/SC have shown "strong" support of certain Tan Sri ignoring minorities interests!

hopefully...

yangxi, that's why I am asking, cause it used to be 0.06 with another 0.06 payable early next year, followed by another 0.28 final dividend (well, not used to, but for 2 years, much less before this). If the trend is what it is, we would be looking at more than 0.40 dividend for FY19 then. Sigh, forgot about the AGM and didn't attend this year, would have better idea had I attended...

while genuinely hope there is one, doubt it...

Guess the problem has to do with me using copy and paste function after I failed to post the first time...

tried to post numerous at different time, still won't go through.

anyway, my point is transacted price is a willing buyer willing seller issue. The BIG issues are Penta has just bought those shares weeks ago while transaction cover not all Penta's holding but just enough before crossing 85%. The BIGGEST of all is BURSA and SC failed to ensure the deal must include a MGO with the same deal to protect minority interests!

strange, just won't get posted...