hmm... Daiman offer RM 3.00 per share selective capital reduction, will this offer some help to BJCorp and BJLand share price tomorrow?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5894757

HR Owen is owned by Berjaya Philippines, the listed subsidiary of BJToto in Phiippines...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5891437

The Board of Directors of Malakoff Corporation Berhad (“MCB” or “the Company”) wishes to announce that MCB had on 20 August 2018 received a letter from Integrax Berhad (“Integrax”), a wholly-owned subsidiary of Tenaga Nasional Berhad, offering to acquire TUSB’s 20% equity interest in Lekir Bulk Terminal Sdn Bhd (“LBTSB”), comprising thirteen million and six hundred thousand (13,600,000) ordinary shares (“Sale Shares”) in LBTSB, for a total cash consideration of Ringgit Malaysia Ninety Million (RM90,000,000.00) only (“Purchase Price”) upon the terms and conditions of the Shares Sale Agreement (“SSA”) to be entered into, the provisions of which have been agreed upon and finalized by both parties recently.

Rationale and financial impact of the Proposed Disposal

The Proposed Disposal is part of MCB’s effort to rationalize its investments to focus on higher growth areas and at the same time enable the unlocking of the value of its investment in LBTSB, a non-core business of MCB Group, at a reasonable price. Based on the Purchase Price, the Proposed Disposal will give rise to an exceptional gain on disposal of RM55.3 million at MCB Group. MCB proposes to utilize the cash proceeds from the Proposed Disposal towards funding future investments to be undertaken by MCB Group, as well as meeting its working capital requirements.

well, its said certain expenses are not tax exempted, so a much higher tax, clueless...

Not quite, BJLand already got an extension to delay 'solution', which is why I ask 'what's SC doing?'

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”).

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5890025

Name of Affected Person Date of Transaction Price per share No. of shares acquired % of Ordinary shares
Tan Sri Dato' Seri Vincent Tan Chee Yioun 20.8.2018 RM0.2415 10,000,000 0.20

The above shares were acquired in the open market by Berjaya Retail Berhad, a company where TSVT is deemed to have an interest.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5889973

1 17/08/2018 4,000,000 Acquired Direct Interest

Name of registered holder Tan Sri Dato' Seri Vincent Tan Chee Yioun

well, that shouldn't be the case, cause those bought before imposing the new ruling are still marginable...

i may be inaccurate cause I didn't exchange bjland shares for bjcorp everyday, only once every few days or every other week when I see the discount is increased...

I have no idea, I only know about CIMB cause I am using CIMB margin account to trade. I have been selling BJCorp to buy BJLand when BJLand is at discount to BJCorp believing that BJLand will at least be offered at a premium during a privatization deal, similar to what VT is offered when VT's BJLand shares sold to BJCorp.

Interestingly, BJLand trading volume has been relatively high since Aug 15. What's more interesting, though, its only a few days after CIMB margin account traders not allowed to buy BJLand shares through margin accounts. Even better, BJLand has been able to delay clarifying on how its going to address the shareholding spread issue.

VT forcing his minorities to be philanthropists... donate to him ? Or him forcing himself to be philanthropist to his minority shareholders, allowing them to buy at cheap discount?

Dream, dream, it isn't hard to do, dream for a while, and so one dream makes two...

Err... while bjland owns approximately 40%, bjcorp owns another 9%, approximately, of bjtoto itself. Well, what to do? VT seems to enjoy being a philanthropist himself to the extent that his minority shareholders have to be forced to be one by him as well...

http://www.theedgemarkets.com/article/sin-tax-collection-nfos-rose-rm2...

At the same time, Lim said the ministry intends to reduce the number of Tuesday special draws by NFOs.

http://www.theedgemarkets.com/article/sin-tax-collection-nfos-rose-rm238m-2017-says-guan-eng

At the same time, Lim said the ministry intends to reduce the number of Tuesday special draws by NFOs.

err... 20 cents dividend means RM 1 billion total payout. With a net debt of approximately 2.5 billion or 1.8 billion after net debt of BJToto is excluded, genuinely doubt BJLand can afford it. Even if BJLand has received the rest of payment from China project disposal and Vietnam property disposal of more than 1 billion, it can at best offer a 0.01 - 0.05 per share of dividend, amounting to 50 - 250 million, a maximum of 25% payout.

Rozali, based on past few quarter reports, if to show anything, would be to lose shareholders fund...

Well, the suit of 13.5 billion...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5610121

After several attempts to effect personal service since 31 October 2017, the solicitors of Puncak Niaga Holdings Berhad (“Puncak”) as the Plaintiff (“Plaintiff”) served the sealed Writ of Summons vide Shah Alam High Court Suit No. BA-21NCvC-72-10/2017 together with the Statement of Claim dated 27 October 2017 on:-

1. the solicitors of Tan Sri Dato’ Seri Abdul Khalid bin Ibrahim (“Tan Sri Khalid”), as the former Menteri Besar of Selangor on 2 November 2017;
2. Dato’ Seri Mohamed Azmin bin Ali (“Dato’ Seri Azmin”), as the present Menteri Besar of Selangor on 21 November 2017; and
3. The Selangor State Government (“Selangor State Government”) on 6 November 2017; collectively “the Defendants”.

The suit is initiated by Puncak against the Defendants including the Selangor State Government, who Puncak asserts is vicariously liable for the tortious acts of Tan Sri Khalid and Dato’ Seri Azmin in abusing their powers in public office/misfeasance by threatening to cause and/or requesting or attempting to cause the Federal Government to invoke use of the Water Services Industry Act 2006 (“WSIA”) to force a take-over of the State’s water industry.

Puncak claims damages, interest on damages and costs of:-

(a) the difference between the value of PNSB Water Sdn Bhd (formerly known as Puncak Niaga (M) Sdn Bhd) ("PNSB") and Syarikat Bekalan Air Selangor Sdn Bhd ("SYABAS") at the range of RM2,081,000,000.00 to RM2,353,000,000.00 and the actual purchase consideration of RM1,555,300,000.00 under the Share Purchase Agreement dated 11 November 2014 between Puncak and Pengurusan Air Selangor Sdn Bhd; and

(b) Loss of business opportunities (local and foreign) totalling RM13,496,009,000.00.

The matter is fixed for case management at the Shah Alam High Court on 28 November 2017.

This announcement is dated 21 November 2017.

Think Puncak's rise has to do with the following news, with the assumption that Puncak might have a case in court over the pricing of Puncak when its sold... With SPLASH sold at 2.55 billion, there's a possibility that Puncak will win a court ruling in favour for further compensation.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5876169

On behalf of the Board of Directors of Gamuda, Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that the Board of Directors of Gamuda wishes to announce that the Company’s 40% associated company, Syarikat Pengeluar Air Selangor Holdings Berhad (“SPLASH Holdings”) had on 3 August 2018, received a Letter of Offer dated on the even date from Pengurusan Air Selangor Sdn Bhd (“Air Selangor”) in respect of Air Selangor’s proposed purchase of 100% equity in Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (“SPLASH”) (“Offer”). SPLASH is a wholly-owned subsidiary of SPLASH Holdings.

SPLASH Holdings is to revert with acceptance of the Offer by 5.00 pm (Malaysian time) on or before 10 August 2018 or such other extended or revised closing date(s) as may be decided by Air Selangor.

Air Selangor has been identified by the State Government of Selangor as the entity to take over the water supply and distribution services in the State of Selangor and the Federal Territories of Kuala Lumpur and Putrajaya, on a date to be determined (“Operational Date”).

The salient terms and conditions of the Offer are as follows:

(i) The acquisition of SPLASH by Air Selangor of:
•50,000,000 ordinary shares in SPLASH (“SPLASH Shares”), being 100% of the issued and paid up ordinary share capital of SPLASH; and
•350,000,000 Redeemable Unsecured Loan Stocks issued by SPLASH to SPLASH Holdings (“SPLASH RULS”), being 100% of SPLASH RULS,

for a combined total purchase consideration of RM2.55 billion.

err... will BJCorp be forced to sell BJToto to TKP?

won't even negotiate with magnum or toto first?

I didn't take the privatization deal at cheap valuation into consideration primarily VT, through other vehicles, owns approximately 8% of BJLand.

freetospeak, you have a point... I merely exchange my bjcorp to bjland primarily the potential substantial gain from Vietnam Project Disposal, collecting back the 600+ million from China buyer and potentially favourable Jeju court ruling...

err... I have actually reduced my position in BJCorp to add BJLand...

wah, so many queue to sell at 0.27, wonder why?!?

sure hope BJLand can get back the RM 600+ million full amount from skyocean, plus another 500 - 1,000 million from Vietnam asset disposals, plus 1-2 billion from Jeju court ruling...

err... no news, nothing to say. Notice the uptrend too, can only hope goreng to 2.00 - 2.50 range so I can sell and say goodbye to Rozali forever!

mountain, I am referring to the last phase of the disposal, BJLand, in its announcement, mentioned that BJLand will record a significant profit that will improve net asset.

still no news on the Vietnam project disposal, sigh!

still no news on the Vietnam project disposal, sigh!

Err... Japanese OKed casino no guarantee bjcorp getting license mah... plus, don't know if bjcorp or bjland be the owner of license if it's to receive one cause okinawa land in bjland hand

given share price, unless there's a heavy manipulation, can only point towards a slow recovery, if any, for both BJCorp and BJLand. Well, the kedekut appearance by not declaring dividend isn't helping either.

Oops, even worse now...Thought I need only to be vegetarian, never realize I have to beg VT for food...

Hmm... now think Buddha stock an excellent name, cause bjcorp minorities have to be vegetarian after owning the shares, VT uses them to feed the world and his famil(y/ies)

BJCorp a clear buddha stock 股如死水，不惊不变 ：）

Need good news, but BJCorp has none to offer...

there's no volume lah, you must be dreaming!

The following is BJCorp year end net asset, gross borrowing and net borrowing... Hopefully, with a much lower borrowing, approximately 900 million over 3 years, BJCorp will perform better in the future.

Year Net Asset Gross Borrowing Net borrowing
2015 11,794.64 6,894.10 5,296.32
2016 11,044.65 6,852.18 4,241.58
2017 10,818.67 6,613.23 4,867.01
2018 10,266.75 6,019.47 4,358.05

Food and beverages businesses and restaurants...

http://www.thesundaily.my/news/2018/07/13/berjaya-corp-acquires-98-stake-just-kpop

PETALING JAYA: Berjaya Corp Bhd's (BCorp) wholly-owned subsidiary Berjaya HR Café Ltd has acquired 98% equity interest in South Korea's Just KPop Ltd (JKP), for KRW98 million(RM354,172).

The group told the stock exchange that following the subscription of 19,600 common stocks at par value of KRW5,000 (RM17.87) each, JKP has now become a 98%-owned subsidiary of BCorp.

JKP, which has not commenced operations, is intended to carry out food and beverages businesses and restaurants as its principal activities.

It was incorporated in South Korea under the Korean Commercial Act with an issued share capital of KRW100 million (RM357,473.68) comprising 20,000 common stocks at KRW5,000 each.

my guess? probably will rise slightly to show that shareholders are 'approving' the deal...

alas, just announce how 'substantial' the profit is from disposing Vietnam projects with number!

alas, just announce how 'substantial' the profit is from disposing Vietnam projects with number!

guess won't be seeing much movement until the insiders confirm the Vietnam disposal details and its impact on balance sheet and income statement

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5846517

Deemed Interest - Warrants (held through Berjaya Sompo Insurance Berhad)

Name of Affected Person Date of Disposal Disposal Price per Warrant (RM) No. of Warrants % of Warrants
Tan Sri Dato' Seri Vincent Tan Chee Yioun 2.7.2018 0.1068 2,000,000 0.156
Tan Sri Dato' Seri Vincent Tan Chee Yioun 3.7.2018 0.1075 2,000,000 0.156

yes, shareholders can vote NO. If I were not wrong, BJCorp can go ahead to continue buying from market after that if proposal rejected...

err... would rather wait for Jeju judgment and proceeds from Vietnam project disposals if no cash offered...

will consider exchange my bjland shares into bjcorp if 1 to 1 conversion + 0.10 cash per share...

Well, agree, but based on what VT got from tendering in his bjland shares for bjcorp shares, bjland share price is attractive now

Gangnam, cause I own both BJCorp and BJLand, so would appreciate dividends from both...

Goreng or privatizing BJLand?

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

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.