If not mistaken he has held not much shares, maybe cashing out. Check local unit trusts may have lots of BJtoto, some of them held less than 5%, so not disclosed.
Still in progress. The last announcement was on 3 Apr 2013:
On behalf of the Board of Directors of BToto, Maybank Investment Bank Berhad is pleased to announce that the Monetary Authority of Singapore (“MAS”) had, vide its letter dated 2 April 2013, informed that STM-Trust may proceed with the lodgement of the prospectus for the Proposed Listing with the MAS.
BJtoto Business trust will be listed in Singapore sometime in August. There will be a cross listing in Malaysia later in the year. About 1 billion RM will be collected from the listing to repay borrowings of RM540 million and pay dividend to share holder of around 40 sen. Post listing Bjtoto will be debt free I suppose and will hold some investment via its Phillipines Gaming Corp, which is a lottery operator and hold investment like Redtone and Bjtoto directly hold some properties in Berjaya TIMES SQUARE. Post listing , according to the management will distribute some or all of the trust units to the shareholders. Post listing earnings will be reduced by 20% but in the long term after the distribution of all the trust units, what will be VT's plan after that nobody knows. Maybe pumped in Berjaya Beijing Great Mall, perhaps then.
KUALA LUMPUR: Malaysia's stock market closed lower on Friday, with the FBM KLCI down nearly 6.5 points, as unusual market activity seemed to have affected some of the smaller capitalised stocks.
The KLCI was on a recovery path after falling about 24 points in early trade before late selling pressure pushed it back into the red.
The KLCI closed down 6.49 points to 1,755.85. Turnover was 2.05 billion shares valued at RM3.788bil. There were 512 losers, 306 gainers and 267 counters unchanged.
Analysts said there were no reasons for the unusual market activities which had impacted the plantation stocks. However, it was understood that Bursa Malaysia Securities would issue a statement over the unusual market pattern.
Plantations were among the most affected. Crude palm oil for third-month futures fell RM27 to RM2,435.
Batu Kawan hit limit-down, tumbling RM5.76 to RM13.46. United Plantations fell RM3.38 to RM29.82 while TDM lost RM1.24 to RM2.90 and Hap Seng Plantations gave up 81 sen to RM1.89.
CBIP, which builds palm oil mills, fell 82 sen to RM1.93.
Also impacted were consumer stocks, where Dutch Lady lost RM2.20 to RM45.34 while GAB was RM1.08 lower at RM21.08. However, Nestle rose 90 sen to RM66.70.
BToto was down RM1.01 to RM3.20.
Star Publication shares hit limit-up, surging 85 sen to RM3.71 while Lafarge added 56 sen to RM11.16, healthcare provider KPJ and hard-disk drive manufacturer JCY rose 24 sen each to RM6.60 and 90 sen.
I think those plantation shares dropped siginificantly were mainly due to the fluctuation in CPO price but what happened to BJTOTO? Better clarify first before absorbing.
drop RM1.01,we already lost so much money,VINCENT TAN lost how much??? company TOTO capital lost how much???? For sure something they can do,ie share buyback(bring up share price back to normal or even higher) so,i am very sure monday TOTO share will open with price limit up!do you all think so?
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
alenac
2,650 posts
Posted by alenac > 2013-04-17 21:35 | Report Abuse
Probably a fund or company buy back. If Buyback will be announced soon