True.. as money from FSKyoto Hotel divestment has been mainly utilised by BJCorp to repay debts & BJLand for investment in assets & build FSOkinawa project.

But with RM650 million collected from GMOC Arbitration & reversal of impairment provisions, BJLand will have cash to pay dividends to BJCorp & minority shareholders to makeup the shortfalls from BJToto due to MCO..

Anyway most Minority here are not for the dividend but more for the potential capital gain..as 1% dividend is only a bonus as 1,000 shares only gives RM10, 10,000 shares - RM100, 100,000 shares - RM1,000. Even 1 million shares only gives RM10k dividend per year

However for every Million shares held, a 1 sens price increase gives an immediate return of RM10k, 5 sens 50k & 10 sens 100k and so on...best of all as BJLand/BJCorp is already all time low, you can make capital gains a few rounds within a year as VT insiders are very active nowadays in the market..

Most Minority here are not for the dividend but more for the potential capital gain..as 1% dividend is only a bonus as 1,000 shares only gives RM10, 10,000 shares - RM100, 100,000 shares - RM1,000. Even 1 million shares only gives RM10k dividend per year

However for every Million shares held, a 1 sens price increase gives an immediate return of RM10k, 5 sens 50k & 10 sens 100k and so on...best of all as BJCorp is already all time low, you may make capital gains a few rounds within a year as VT insiders are very active nowadays in the market..

Should pay dividend as sitting on a goldmine from Waste to Wealth. Government pays tipping fee of RM97 per tonne of waste sent to Bukit Tagar Sanitary Landfill.

Waste generated daily sent by government from KL & Selangor ranges from 2,500 to 5,000 tonnes. Income collected range from RM245,000 to RM490,000 daily or RM88 5 million to 177 million annually.. Now 100% income collected by Berjaya untill 2044!

Don't have to waste time arguing over MOU for proposed Singer purchase. Wait for final proposal & Agreement if really happens first?

Posted by Sslee > Jun 22, 2020 8:53 AM | Report Abuse

MOU is just worth toilet paper. When final proposal come out for EGM approval then you can make official complaint to SC and Bursa.

Good suggestion...should follow the BJCorp/ Penta deal ratio agreed earlier for dividend in specie to meet the 20% PSS requirement imposed by Bursa... somebody to follow it up with BOD in coming EGM/AGM? Also to suggest a combination of cash dividend & BJCorp shares for BJLand shareholders as most hold shares in both companies.

kahhoeng err... distributing BLand shares to BCorp shareholders to meet shareholding spread while meeting the dividend promise?

Good suggestion...should follow the BJCorp/ Penta deal ratio agreed earlier for dividend in specie to meet the 20% PSS requirement imposed by Bursa... somebody to follow it up with BOD in coming EGM/AGM?

kahhoeng err... distributing BLand shares to BCorp shareholders to meet shareholding spread while meeting the dividend promise?

FS Kyoto is composed of Hotel & Hotel Residences. Since only the Hotel component is sold for about RM2 Billion, we should question BJCorp Management during EGM/AGM on the FS Kyoto hotel residences component which has not been sold and still under BJCorp/BJLand. We believe there are still 13 units out of the 57 units built waiting to be sold with average price of RM30 million each giving a minimum return of RM390 million to a maximum of RM1.7 Billion to Berjaya Group?

https://www.nomu.com/pro/fourseasons-kyoto-en/

You are asking IR of BJcorp & not BJLand, as Lydia Lye is Assistant GM of Corporate Communications for BJCorp. Refer link below.

https://www.linkedin.com/in/lydia-lye-42674899?originalSubdomain=my

Looks good as there's significant debt reduction for Berjaya. Better days will come as BJToto resumes operations today. They will apply for special draws to make up for lost time..
https://www.theedgemarkets.com/article/btoto-magnum-advance-after-announcing-operations-resumption

That's the magic of creative accounting by BJCorp?

Anyway Lydia got some explaining to do.. in her reply to your enquiry on BJCorp/BJLand financial statements for latest quarter, since the share from FS Kyoto proceeds should be shared 50:50?

Yes slow and steady will retrace back the gains when the impairment of RM600 million which was written against earlier BJLand profits to make into earlier losses..no privatization now even better as VT will have to pay more later on..

Opportunity to buy cheap..BJLand will write back impairment of RM600 million gains in the next Qtr as profits once the money from GMOC Arbitration payment of RM650 million comes from Beijing SkyOcean Arbitration due on 20 June.

Back in Dec. 2017 when the impairment was announced, BJLand price was around 48 sens...since the impairment loss will be reversed, the price of BJLand should retrace back to former levels..

https://www.thestar.com.my/business/business-news/2017/12/28/bcorp-swings-into-the-red-on-impairment-provision-and-disposal-loss

Can someone start here? then forward link to SC to bring Change to how Berjaya is run...

https://www.change.org/start-a-petition?source_location=homepage_large_button

Frankly can't see how the Singer purchase will benefit BJCorp other than enrich VT?

Purchase price RM536 million. Finance by payment of RM148 million cash to pay off Singer debts and issue of 1.17 billion new BJCorp shares value RM388 million.

In other words, BJCorp will pay RM148 million cash to VT and issue additional 1.17 billion new BJCorp shares for Singer with a paid-up share capital of RM438 million. Means VT got also additional premium of RM536-RM438 = RM98 million just by transferring ownership of Singer to BJCorp?

Singer has an existing issued share capital of RM438 million. Purchase consideration of RM536 million. After setting of inter-company debts of the Singer Group of RM148 million.
net payment of RM388 million.

BCorp will issue about 1.17 billion new shares for the net payment of RM388 million.

Tan will provide to BCorp a profit guarantee that Singer would achieve a net profit after tax of RM20 million per year for the financial years ending December 31, 2020 and 2021.

Good idea! Someone should write BOD to include another resolution during EGM for shareholders to approve a special dividend with the extra windfall from sale of Fourseasons Kyoto?

Agree with SSLee...anyway Looks like a Red Herring to me? To divert attention from the real target? Privatization of BJLand? since RM650 million is coming from Beijing SkyOcean? & more cash compensation from Jeju Korea?

For all we know the proposed MOU signed 2 June is not legally binding, to Acquire Singer may be aborted with 3 months before a Transaction Agreement is signed? This Transaction is also subjected to above mentioned conditions to be satisfied within 6 months by Dec.? Also Singer which is having issues with SC on its audited accounts was supposed to be injected into BJMedia to prevent delisting has not been resolved with SC by 20 June?

Looks like a Red Herring to me? To divert attention from the real target? Privatization of BJLand? since RM650 million is coming from Beijing SkyOcean? & more cash compensation from Jeju Korea?

For all we know the proposed MOU signed 2 June is not legally binding, to Acquire Singer may be aborted with 3 months before a Transaction Agreement is signed? This Transaction is also subjected to above mentioned conditions to be satisfied within 6 months by Dec.? Also Singer which was supposed to be injected into BJMedia to prevent delisting has not been resolved with SC by 20 June yet?

https://www.thestar.com.my/business/business-news/2020/05/28/quick-take-bland-soars-14-on-arbitration-win

http://arbitrationblog.kluwerarbitration.com/2019/04/02/hong-kong-and-mainland-china-agree-upon-bilateral-arrangement-regarding-interim-measures-for-arbitration/?doing_wp_cron=1590289441.7564361095428466796875

Just wondering why still got so many marchais wasting time hanging around like vultures if nothing to see???

VT Marchais must be desperate to earn their keep.

Heard bad news at BJCorp which just announced austerity measures for the group effective from April 1 on following:

* salary reduction and reduction of fixed monthly allowances effective April 1.
* unpaid leave effective May 1.

"The above austerity measures," Tan said, "are necessary to ensure business continuity for the Group and to mitigate or avoid any further drastic measures to be taken, which could include closure of more business units, further downsizing and retrenchment exercises."

There's room for BJCorp to move lower next week?

Interesting note. Mt. Sinabung roared in 2010 after being dormant for 400 years! Similarly will Mt. BJLand roar again after being dormant since 2010?

While we wait for the sate to be grilled, let's enjoy a cuppa of kopi luwak before the eruption of Mt. Sinabung or even Krakatoa?
Btw VT has not made his move even after the announcement of intention to trade at Bursa?

While we "Wait"..

Let's Be Patient like VT the Water Dragon..Everything is coming together. Whatever you are waiting for is on its way to you.”

Here"s some inspirational quotes to ponder on..

97 Powerful Patience Quotes And Sayings You Need To See..

http://dpsayings.com/best-patience-quotes-sayings/

Just wondering...if Macquarie & Penta already sold their 8.22% shareholding in open market during the last sell down which even VT couldn't resist, leading to the 85% breach of SC's requirements...who got the lion's share since VT only managed to increase his direct shares in BJLand to only 1.99%? That person could be the King maker?

https://themalaysianreserve.com/2017/04/03/minority-shareholders-remedies-how-to-slay-the-dragon/

Something interesting to share...

"Minority shareholders’ remedies: How to slay the Water Dragon"

https://Minority shareholders’ remedies: How to slay the dragon.com/2017/04/03/minority-shareholders-remedies-how-to-slay-the-dragon/

Support 100%!

For Mgt to come out to deny strongly, is already an indication....
Aseng The only thing we can do is
"wait"
Once the trading pattern changes, that is the time we do not wait to do something.

Anyway, if VT as a Water Dragon can wait together with his "Gatekeeper", so can we :)

http://astrologyk.com/zodiac/chinese/year/1952

Here's a poem dedicated to VT & BJGroup...

“Huang Tai Gua Ci”

Growing melons beneath Huangtai, Hanging heavily, many grow ripe, Pick one, the others will be fine, Pick two, fewer are left on the vine, If you want to get yet another one, That’s where we must draw the line, For if there is any more reaping, You will end up with an empty vine.

VT must have believed in TA Master too? Since his direct holdings less than 2%, needs to acquire more to benefit personally in case of GO by BJCorp?

Young man in 1988, I bought my first double storey house for only RM80K in Klang Valley, now the same house is worth RM400K. An appreciation of 500%. Very sure BJLand owns many properties since 1988 which has also appreciated at least 500% but has not be revalued in the books!

If Bursa/SC can come out with a statement to implement the new rulings mentioned above to protect minority interests similar to those implemented by SGX. Very sure that VT will speed up the privatisation process for BJLand?

Somebody with contacts should follow up with Bursa/SC to adopt the following rules with immediate effect similar to those implemented by SGX to protect minority interest at Bursa?

Two key areas for Bursa to implement:
1. The Singapore Exchange barred offeror and parties acting in concert from voting on voluntary delistings. It has mandated the offers must not only be reasonable but also fair.
"Exit offers must now be equal or more than the intrinsic value of the securities"

2. SFX will separately announce the bases for determining "fairness and reasonableness” of offers and will work with relevant industry bodies to develop standards for independent financial advisers.

*SGX changes delisting rules to protect smaller investors
https://www.straitstimes.com/business/companies-markets/sgx-changes-delisting-rules-to-protect-smaller-investors

*Singapore’s change to delisting rule will lead to higher prices, analysts say

https://www.thestar.com.my/business/business-news/2019/07/11/singapores-change-to-delisting-rule-will-lead-to-higher-prices-analysts-say

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...

There are promoters from both sides of the coin 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 & not other counters?
# 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?, Suzuki franchise?, 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-car-dealer-hr-owen-records-surge-in-fullyear-profit/

Thxs for the good analysis above. There are many catalysts to trigger reversal?

* Coming good financial Y/E results in August with profits from recent sale of 2 Vietnam assets worthwhile RM600 million?
*Jeju Korea compensation coming? with court ruling this year?
* Favourable court ruling on resolution of Selangor Turf Club land also due this year. Heard the compensation requested by BJLand from Selangor Govt. is RM2.1 billion!
* Favourable arbitration on GMOC worth RM600 million this year or next?
* Finalisation on Sale of Four Seasons Kyoto worth RM1.5 billion? and many other feel good factors..
* Re award of ESports betting licence as Govt. needs to diversify its sources of income as no money?
Anyway already at all time low, nothing to lose to buy some as FD with maturity in 6 months to a year's time in 2020.

Just make a living by what the Boss give you, don't have to influence others to your level...grab the opportunity to harvest low catches while still available...

Since the acquisition by Vinhomes was only completed on April 13, 2018, BJland will make the announcement in due course. So buy while there are still doubtful Joes around..before it flys...

"Berjaya Vietnam International University Township One Member LLC invests, develops, and manages real estate property. The company is based in Ho Chi Minh, Vietnam. As per the transaction announced recently, Berjaya Vietnam International University Township One Member LLC operates as a subsidiary of Vinhomes Real Estate Management LLC."
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=62630478

Circumstances by reason of which change has occurred. Indirect interest held through child.
- Disposal via open market most probably by Rayvin himself for pocket money?

https://assets.theedgemarkets.com/Rayvin-Tan-Yeong-Sheik.png
https://klse.i3investor.com/servlets/stk/3395ld.jsp

If you observe carefully only only 406,900 unit of 5% Irredeemable Convertible Unsecured Loan Stocks (ICULs) 2012/2022 (issued in 2012) sold. If worth 40 sens each only RM163,960 in total...small change for Billionaire

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5790109
https://www.thestar.com.my/business/business-news/2012/04/25/berjaya-corps-rm700m-iculs-warrants-to-trade-on-thursday/

With the Business Friendly Harapan Government..I am sure business tycoons like Robert Kuok, VT etc. with YB Lim as the new minister of Finance...will assist Tun M to create a business-friendly administration, focusing on growing the economy to boost the stock market value...
https://www.bloomberg.com/news/articles/2018-05-12/malaysian-pm-mahathir-names-lim-guan-eng-as-finance-minister
https://www.thestar.com.my/business/business-news/2018/03/09/kuoks-wealth-soars-to-us148bil/

No need to argue...now Tun M is back...VT will know what to do on Monday...

While the focus today is on BJcorp...how come BJland not moving yet...no warrants what?...RM1.3 billion of unbilled sales from Ritz-Carlton?...RM2 billion from Vietnam sales?...China Greatmall compensation?..Jeju Korea compensation?...Okinawa Four Seasons land 100 acres land development? No wonder BJasset active today?

Berjaya's Chryseis Tan active in work-in-progress Four Seasons Okinawa
"The Berjaya Group launched its first Four Seasons Hotel in Kyoto, Japan, in November 2016. At the time, it was also revealed that the group would build a Four Seasons hotel and hotel residences on the 100-acre site in Okinawa, which it expected then would be completed in four years."
https://www.edgeprop.my/content/1291009/berjayas-chryseis-tan-active-work-progress-four-seasons-okinawa-%E2%80%94-report

No wonder Dimensional Fund Advisors LP a US based Investment firm suddently increase their stake to 19,846,999 BJland shares just recently? It is because they already know something is brewing since the news of Vingroup manmoth acquisition from Berjaya has been reported earlier in the Vietnam Stock Exchange...after Election don't think BJland will be this cheap anymore

Vingroup acquires two mammoth projects from Berjaya
Leading multi-functional conglomerate Vingroup has recently acquired two projects from Malaysian Berjaya Corporation which have been delayed for a long time.
Vinhomes, Vietnam's leading real estate management company and the property management arm of Vingroup, has completed the purchase of 97.7 per cent stake in Berjaya Vietnam International University Township One Member LLC from Malaysia’s Berjaya Corporation.

This VND11.75 trillion ($515.6 million) deal aims to acquire the long-delayed Vietnam International University Township (VIUT) project.
http://en.vietstock.vn/2018/04/vingroup-acquires-two-mammoth-projects-from-berjaya-973-316521.htm

Frankly what Berjaya Land CEO Datuk Pee Kang Seng and Berjaya Land senior general manager (properties marketing) Tan Tee Ming tells The Edge Financial Daily & FocusM about Ritz-Carlton Residences KL is already good enough for me to decide.

"The RM1.21 billion development was launched at end-2016 and still has approximately 100 units available from a total of 288 residential suites measuring between 1,023 and 4,284 sq ft. Prices range between RM2,384 and RM3,002 per sq ft.

Tan indicated that just clearing the existing stocks of Ritz-Carlton, which was completed in December 2017, could bring in approximately RM650 million in sales. As at Dec 31, 2017, the developer had RM1.3 billion in unbilled sales."
http://www.theedgemarkets.com/article/berjaya-land-targets-rm1b-sales-annually
http://www.focusmalaysia.my/Property/berjaya-land-s-tall-order

Btw VT is currently in London dressed in Blue celebrating Cardiff's promotion to Premie League, once he returns, will BJland be Blue? with so much goods news for VT in 2018?

"Malaysian owner Tan performs the 'Ayatollah' on Sunday, an iconic Bluebirds tradition
http://i.dailymail.co.uk/i/newpix/2018/05/06/16/4BEB264500000578-5696977-image-a-66_1525621655444.jpg
http://www.dailymail.co.uk/sport/football/article-5696977/Cardiff-City-fans-embrace-owner-Vincent-Tan-celebrates-earning-promotion-Premier-League.html#ixzz5EmvxhXQk

Something big is definitely coming after Election but don't think VT is after privatization as not really of much benefit to him since he is already in control of BJland using a pyramid structure of cross shareholdings, actually VT's effective ownership interest in BJland is only 2.25%?, for a bigger picture see the maths below:

For the 10 months period between 14/6/17 to 27/4/18, BJcorp after buying so much BJland shares, it's direct interest still remained at 3.84% while indirect interest actually decreased by 2.17% (this is not like the action of a company going to privatize BJland?, it's more likely the earlier sell down was a distribution of BJland shares by Proxy share owners to raise funds for the Election?

BJcorp (27/4/18):
Direct interest in Bjland is 3.84%
Indirect interest in BJland is 69.1%
Total interest is 72.94%

BJcorp (14/6/17):
Direct interest in BJland is 3.84%
Indirect interest in BJland is 71.27%
Total interest is 75.11%

VT direct interest in BJland is 1.37% as of 27/4/18
BJcorp direct interest in BJland is 3.84% while the balance of 69.1% are actually indirect/deemed interest (as of 27/4/18)
VT direct interest in BJcorp is 22.85% as of 23/4/18

So, VT's effective ownership interest in BJland is, 1.37% + (22.85% x 3.84%) = 1.37% + 0.87744% = 2.25%

That's why VT's is agressively buying more shares under his own name to increase his effective ownership interest in BJland in order to enjoy more benefits from the monetization of Vietnam & Malaysia land, since the share price is still low if you have extra reserves you can't go wrong by following VT closely behind..

For examples on what is direct interest, effective ownership interestand deemed/indirect interest refer link below:
http://whatsbehindthenumbers.blogspot.my/2016/06/direct-interest-deemed-interests.html

BJland owns the land for Ritz-Carlton Residences and responsible for its sales, Wangsa Tegap subsidiary of BJcorp only contractor for the project..the 188 units of "Unbilled Sales" (RM1.3 billion?) are sold to different high networth individuals so there should be188 different S&Ps and not only one deal...
http://www.theedgemarkets.com/article/berjaya-land-targets-rm1b-sales-annually
annuallyhttp://www.focusmalaysia.my/Property/berjaya-land-s-tall-order

On top of the rm 2.4 billion from vietnam + rm 500 million from great mall, don't forget the other RM2.27 billion sales from BJland Malaysia projects and BJland 0nly worth only RM1.35 billion?

1. BJland unbilled sales (means haven't been recorded in BJland account yet) as of 31/12/17 RM1.3 billion
2. Ritz-Carlton RM1.21 billion (GDV) for 288 units, out which 188 units already sold left only 100 units worth RM650 million
3. Link 2 (4 shops) worth RM70 million
4. The Peak, Ampang - 15 bungalow lots worth RM100 million
5. Kensinton Gardens, Penang - 24 bungalow lots worth RM100 million

That's why there should be something big coming after election?

I think that's why Dimensional Fund Advisors LP a US based Investment firm suddently increase their stake to 19,846,999 BJland shares just recently? It is because they already know something is brewing...

More published facts on BJLand deals that speaks for itself...

http://www.focusmalaysia.my/Property/berjaya-land-s-tall-order
http://www.focusmalaysia.my/CMS/Documents/pdf/Berjaya%20Land%E2%80%99s%20current%20projects.pdf
http://www.theedgemarkets.com/article/berjaya-land-targets-rm1b-sales-annually

Suspect something big is coming after election but definitely not privatisation...

Btw Since VT's direct shares in BJLand didn't increase at all even after 6 months of share purchase from November 2017 - April 2018?

16/11 (1.37% direct shares)
27/4 (1.37% direct shares)