Posted by Milo Ais > 2020-06-01 08:50 | Report Abuse

Counter Suspended !

Posted by wantanmi > 2020-06-01 09:13 | Report Abuse

Last chance! Shares swap Penta style coming???

Posted by samk > 2020-06-01 09:34 | Report Abuse

whats happening? y suspended?

Posted by wantanmi > 2020-06-01 09:45 | Report Abuse

Berjaya restructring plan finally happening??

https://themalaysianreserve.com/2018/12/21/berjayas-proposed-restructuring-to-give-clearer-business-valuation/

Posted by kahhoeng > 2020-06-01 09:51 | Report Abuse

If it involves BJLand or 7-11, shouldn't that they be suspended as well? I don't see BJLand and 7-11 being suspended... Anyway, if it's to privatize 7-11, I would vote NO

Posted by 888STOCK888 > 2020-06-01 09:57 | Report Abuse

Announce quarterly result?

Posted by shireen88 > 2020-06-01 10:05 | Report Abuse

arrr why Suspended ar?

Posted by wantanmi > 2020-06-01 10:16 | Report Abuse

Big compensation finally coming to Berjaya from Jeju Korea or Selangor Turf Club??

Posted by rambolee > 2020-06-01 10:21 | Report Abuse

privated !

Posted by rambolee > 2020-06-01 10:21 | Report Abuse

privatized sorry

Posted by hng33 > 2020-06-01 10:30 | Report Abuse

Board meeting now

Posted by Surewind > 2020-06-01 10:39 | Report Abuse

haha.. bet on bjland but bjcorp that suspend.

Posted by 888STOCK888 > 2020-06-01 10:50 | Report Abuse

Suspended 2 days?

Posted by 888STOCK888 > 2020-06-01 10:53 | Report Abuse

Apa hal?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3054710

Posted by sailang_now > 2020-06-01 12:06 | Report Abuse

Last chance to Buy!! RM650 million from GMOC Arbitration paid by Beijing SkyOcean to Berjaya subsidiary??

Posted by hng33 > 2020-06-01 12:09 | Report Abuse

No forget big compensation from Jeju. Bjcorp is expect to take over bjland first in order to maximize profit

Posted by hng33 > 2020-06-01 12:17 | Report Abuse

The decision making is at bjcorp, holding level, therefore, the subsidiary bjland no need suspend now.

It is only bjland own board received notification from bjcorp later, then bjland stock will have to suspend.

Posted by kahhoeng > 2020-06-01 12:23 | Report Abuse

err... Yeah, but BJLand and BJCorp are both controlled by VT, isn't it a bit fake trying to assume BJLand is not aware of BJCorp's move?

Posted by 888STOCK888 > 2020-06-01 13:00 | Report Abuse

1.00 by 31 December 2020 is highly possible then

Posted by sailang_now > 2020-06-01 13:39 | Report Abuse

Right Bro...Buy BJLand first while still got chance & use the profits to buy BJCorp later...lucky they couldn't have Board Meeting earlier to decide due to MCO restrictions...

Posted by kelvin61 > 2020-06-01 13:45 | Report Abuse

I suspect offer coming from BJCORP and all companies acting in concert with VT for BJLAND. Let's hope the offer is FAIR. Anything from 80 sen onwards is FAIR, cheers.

Posted by hng33 > 2020-06-01 13:47 | Report Abuse

Please take note, both bjcorp and bjland have 2 separate board members. Out of total 9 board member, only 2 board member sitting on both Bjland and bjcorp. More importantly,. VT and his son, Robin ONLY sitting in bjcorp board member, both of them are NO a board member of bjland. Nevertheless, VT interest in Bjland is represent by his daughter, Chrysis, as board member in bjland.

Therefore, in reality, one must first initiate board meeting and make decision at holding level first. Then, these decision making can then only officially pass to bjland board. It is only bjland board officially received the offer, then, ONLY bjland board can have its own meeting later to decide.

It all need to go proper and official procedure in accord to stansard practice

Posted by hng33 > 2020-06-01 14:02 | Report Abuse

Since today bjcorp have board meeting, i expect bjcrop to release Q1 result today.

Bjcorp will record massive net gain RM 480m after tax from disposal four season hotel in japan, nett EPS = 9sen.

Theses monetize asset worth RM 1.87 billion in total will improved bjcorp financial strength significantly. Bjcorp have consistently buyback share, accumulate more than 6% in treasury now

I expect also bjcorp to declare special dividend or share dividend to reward shareholder, boost up share price.

Posted by scanluver > 2020-06-01 14:46 | Report Abuse

Funny how everyone here thinks something grand is about to happen. On the contrary, it could be quite the opposite :D

Posted by 888STOCK888 > 2020-06-01 14:55 | Report Abuse

hng33 is correct... Also explain why it needs suspend 2 days... Today closing announce quarterly handsome result... Follow by tomorrow announce bjland privatisation plan...

Posted by shortinvestor77 > 2020-06-01 14:57 | Report Abuse

http://asklisting.bursamalaysia.com:8080/MainLR/Pages/MainPracticeNote2.aspx

Posted by shortinvestor77 > 2020-06-01 14:58 | Report Abuse

​4.1 ​If the Exchange grants a suspension for any of the reasons stated in paragraph 3.1, the period of suspension that may be approved by the Exchange is -
​ ​ ​
​ ​(a) up to 3 market days only where the reason for suspension falls within the ambit of paragraph 3.1(a);

Posted by shortinvestor77 > 2020-06-01 14:58 | Report Abuse

3.1 ​The Exchange may approve a listed issuer's request for suspension where -
​ ​
​ ​(a) ​the listed issuer requires time to prepare and release an announcement relating to a material transaction, such as -
​ ​ ​
​ ​ ​(i) a very substantial transaction as defined in Chapter 10 of the Listing Requirements;
​ ​ ​ ​
​ ​ ​(ii) a significant change in the business direction or policy of a listed corporation; or
​ ​ ​ ​
​ ​ ​(iii) any other corporate exercise which the Exchange considers to be material;

Posted by hongheng7 > 2020-06-01 15:07 | Report Abuse

right issue to settle debt?

Posted by shortinvestor77 > 2020-06-01 15:20 | Report Abuse

A lot of cash from selling 4 season hotel. Waiting for cash from Beijing SkyOcean shall pay to GMOC the outstanding balance amount of RMB974.07 million;
Jeju Island compensation is the likely one also.

Posted by hoh888 > 2020-06-01 16:06 | Report Abuse

Delisted , offer Price RM5.00

Posted by lyetc75 > 2020-06-01 16:31 | Report Abuse

(Breaking News) Berjaya Corporation Bhd (BCorp), which made a request to suspend trading of its shares, will be taking over home electronic appliances distributor Singer (M) Sdn Bhd, several sources say.

Posted by wantanmi > 2020-06-01 16:41 | Report Abuse

Yup! Recap of VT Restructure Plan checklist:

1. Sale of FS Kyoto for RM1.87 Billion.
The plan will start with asset sale at his flagship Berjaya Corp Bhd (BCorp). According to Tan, the group is in the midst of sealing a deal to sell its Four Seasons Hotel and Hotel Residences Kyoto for about US$700 million (RM2.93 billion) to US$800 million, which will translate into a divestment gain of US$400 million

2. Buyout 7-Eleven?
After the sale of the hotel in Kyoto, BCorp will have an expanded war chest to buy out 7-Eleven Malaysia Holdings, whose share price has slipped to a 15-month low of RM1.27.

To do that, Tan will sell his majority 46% stake in 7-Eleven Malaysia Holdings to BCorp, which will then launch a takeover offer to buy out the convenience store chain operator. Based on yesterday’s closing of RM1.27, 7-Eleven Malaysia Holdings’ market capitalisation stood at RM1.56 billion. Tan’s stake is valued at RM756.8 million.

3. BJLand to Privatize after winning RM650 million from GMOC Arbitration & share of 50% sale of FSKyoto for RM1.87 Billion?

Meanwhile, BCorp may carve out the hotel assets from BLand, in which it controls a 70.32% stake, and float the assets in Singapore. BLand, which is trading at a sharp 77.8% discount to its net asset per share of 81 sen, will be taken private.

4. Resolve BJMedia listing status?
Furthermore, Tan intends to inject his private business into Berjaya Media Bhd (BMedia) given that the company’s media business has not fared well. Tan holds a 38.92% stake in BMedia, while BCorp holds an 18.06% stake.

https://www.theedgemarkets.com/article/vincent-tan-restructure-his-business-empire

Posted by hongheng7 > 2020-06-01 16:55 | Report Abuse

https://www.theedgemarkets.com/article/berjaya-corp-buy-home-appliances-distributor-singer-major-shareholder

Posted by hongheng7 > 2020-06-01 16:59 | Report Abuse

https://www.theedgemarkets.com/article/%E6%88%90%E5%8A%9F%E9%9B%86%E5%9B%A2%E5%B0%86%E5%90%91%E5%A4%A7%E8%82%A1%E4%B8%9C%E6%94%B6%E8%B4%AD%E5%AE%B6%E7%94%B5%E5%88%86%E9%94%80%E5%95%86singer

Posted by wantanmi > 2020-06-01 17:18 | Report Abuse

Yup! Plan is still on-going for Restructuring
... otherwise why need 2 days suspension? since news of purchase so quickly released to the press?..so instead of getting BJCorp to buy 7-Eleven substitute with Singer instead? Question is how BJCorp to find the cash to bale out VT & BJMedia?

Posted by star captain > 2020-06-01 17:31 | Report Abuse

Next hidden gem company that benefit under covid19
Versatile berhad (4995)
Base on their latest annual report (corporate review) Currently, our client base reads like a “Who’s Who” in the industry, including major FMCG players Nestle, Dutch Lady, and Danone; well-known pharmaceutical Meditop, Ansell, and WRP; automotive SKF; and Quality Coils from the general consumer sector.
(meditop,anxell,wrp all healthcare company_
Base on the right issue prospectus report which on 19march 2020
Page number 11
The sales of our Group’s paper and plastic packaging division are mainly to customers that are involved in rubber gloves manufacturing, industrial production (such as general manufacturing customers) and food and beverage industries. As such, our Group’s revenue is predominantly dependent on the outlook of the industry our customers operate in. Pursuant thereto, the overview and outlook of the sectors where VCB Group operates are set out below:-
Base on their prospect which is under them page13
In addition to the above, the Group is currently undertaking various marketing efforts to increase the sales for both of its main operating segments, i.e. paper division and plastic division. The Group intends to increase sales by (i) providing wider products availability to meet existing customers’ demand after taking into consideration the feedback from its customers for product diversity, such products include display boxes with different types of forming and gluing; (ii) capture new customers involved in the glove and food and beverages segments, by leveraging on the Food Safety System Certification (FSSC) 22000 approved plant, which was issued by Lloyds Register of Shipping (M) Berhad on 15 July 2015 and renewed on 22 June 2018. In this instance, the Group had recently managed to successfully secure additional customers involved in the rubber glove/healthcare industry as well as from the food and beverage industry.
Just all got this info from their annual report and right issue report which they just announce on march.

Ps :buy and sell at ur own risk. Is good to know that there are another company might benefit the too..nsk tauke just bought the share.

Posted by Douduo > 2020-06-01 17:33 | Report Abuse

Bale out VT & BJMedia is not good news...As long there is foreign selling, Berjaya will drift lower & lower even with shares buyback. A very simple theory, all investors want some return from what they invested. So, if a company doesn't give you anything but only take and take...for no reason for you to hold on and support them anymore.
So, trade along with them to get something back. World is changed after 2020.

Posted by kahhoeng > 2020-06-01 18:14 | Report Abuse

I will vote against this deal if it requires shareholders to vote on it...


https://www.theedgemarkets.com/article/berjaya-corp-buy-home-appliance...

KUALA LUMPUR (June 1): Berjaya Corporation Bhd (BCorp), which made a request to suspend trading of its shares, will be taking over home electronic appliances distributor Singer (M) Sdn Bhd, several sources say.

While details are scant, sources familiar with the deal told theedgemarkets.com that the transaction might involve issuance of BCorp shares.

Singer, a well-known household brand name particularly for its sewing machines, is currently owned by BCorp’s controlling shareholders, Tan Sri Vincent Tan.

Last year, Berjaya group made known that there might be a plan to inject Singer into Berjaya Media Bhd — the publisher of The Sun newspaper — as part of the latter’s regularisation plan.

However, with the latest move to inject Singer into BCorp, it is unclear how this would impact the regularisation plan for Berjaya Media. The media company has until June 20 to submit its regularisation plan to the relevant authorities for approval.

Singer, which was then known as Berjaya Singer Bhd, was once housed under a former listed entity, Berjaya Retail Bhd, which also owned 7-Eleven Bhd then. It was listed in 2010.

Less than a year after its debut on Bursa Malaysia, Berjaya Retail was taken private with Tan citing its dismal share price performance as one of the reasons for the privatisation.

According to CTOS data, Singer recorded a profit after tax of RM31.2 million for its financial year ended Dec 31, 2018 (FY2018), up 64% against RM19 million the year before.

Annual revenue grew to RM321.96 million in FY2018 versus RM310.97 million in FY2017.

According to Singer’s website, it has a retail network of 700 shops in major townships, suburban and rural areas supported by more than 3,000 sales associates and 350 authorised after sales service contractors.

It sells and provides easy payment schemes for its variety of consumer durables products that include both brown and white goods.

BCorp announced this morning that Bursa Malaysia had approved its application for a trading suspension of its securities from 9am today until 5pm tomorrow pending the diversified entity's announcement of a material transaction.

Prior to the suspension, BCorp's shares were last traded at 19 sen last Friday for a market capitalisation of RM930.49 million.

Posted by KWSI7317 > 2020-06-01 18:35 | Report Abuse

use company money bail out,pls don't bully minority shareholder.

Posted by Jeffreyteck > 2020-06-01 18:40 | Report Abuse

Singer those days belonged to who? Haha, agreed bail out. Best for goreng and trading.

Posted by faraday9933m > 2020-06-01 18:51 | Report Abuse

very bad news for stock price.

Posted by hng33 > 2020-06-01 19:18 | Report Abuse

The restructuring is complex and need 2 day suspension which involve many take over.

https://www.theedgemarkets.com/article/vincent-tan-restructure-his-business-empire

Posted by KWSI7317 > 2020-06-01 19:41 | Report Abuse

hopefully

Posted by hng33 > 2020-06-01 19:42 | Report Abuse

Under the restructuring plan, Singer should be use to inject into Bjmedia as it have LAST deadline until 20 Jun to submit a regularization plan.

Bjcrop is to monetize four season and use cash proceed to take over 7-evelen and Bjland and to breakout bjland by listing its hotel in Singapore exchange. In the meantime, 7-eleven also just take over Caring.

Posted by limkokthye > 2020-06-01 19:45 | Report Abuse

bjc tomorow limit up

Posted by KWSI7317 > 2020-06-01 19:49 | Report Abuse

vt conscience wake up, no more bully us.

Posted by popo > 2020-06-01 20:21 | Report Abuse

Sure! Kasi limit up!

Posted by Ex7121 > 2020-06-01 20:24 | Report Abuse

VT is biggest con man... Con man will never have any conscience one la

Posted by wantanmi > 2020-06-01 22:11 | Report Abuse

Yup! How to limit up? when share suspension is up to 5 pm tomorrow? Also very suspicious why story of Singer sale to BJCorp news released by insiders so fast! even before full details of Restructuring Plan is out??