TERMINATION OF THE MEMORANDUM OF UNDERSTANDING BETWEEN BCORPORATION AND BERJAYA RETAIL SDN BHD
We refer to the Company’s announcement dated 2 June 2020. The Board of Directors of BCorporation wishes to announce that BCorporation had on 13 August 2020 entered into a Termination Agreement with Berjaya Retail Sdn Bhd (“BRetail”) and Tan Sri Dato’ Seri Vincent Tan Chee Yioun to mutually terminate the Memorandum of Understanding in relation to the proposed acquisition by BCorporation of 100% equity interest in Singer (Malaysia) Sdn Bhd from BRetail for a total purchase consideration of RM536.00 million (“Termination”) due to business challenges and uncertainty in the recovery of the economy after the Covid-19 outbreak. The
Good la...opens the way for shares swap with BJLand as more beneficial for BJCorp..in order to access all the money coming from Jeju Korea compensation and GMOC China Arbitration..
TERMINATION OF THE MEMORANDUM OF UNDERSTANDING BETWEEN BCORPORATION AND BERJAYA RETAIL SDN BHD
We refer to the Company’s announcement dated 2 June 2020. The Board of Directors of BCorporation wishes to announce that BCorporation had on 13 August 2020 entered into a Termination Agreement with Berjaya Retail Sdn Bhd (“BRetail”) and Tan Sri Dato’ Seri Vincent Tan Chee Yioun to mutually terminate the Memorandum of Understanding in relation to the proposed acquisition by BCorporation of 100% equity interest in Singer (Malaysia) Sdn Bhd from BRetail for a total purchase consideration of RM536.00 million (“Termination”) due to business challenges and uncertainty in the recovery of the economy after the Covid-19 outbreak. The
bjcorp is not a good bet, but it's merely to park my money during market uncertainty while hoping for dividend, if nothing happen then just throw it away, dump it...lol
Better no try, newbies. Before any certainty dividend call out. This counter asked you gambling. When you put in, they pull out. So many wrong info , dealing, fake past example can recall.
Simple about bjland take over issue. The market price only 18cent and volume left at minority just around 10%or less. Some even say wants to press lower until 13cents that we witnessed earlier . No trading volume demand from market and fear for this kind of management From bussinesses aspects, no dividend, but still launching mega projects for fun. BoD even daring propose attractive dividend and guarantee capital for few years investment by sukuk regardless the feeling of existing minority with none dividend from past to maybe future.
Lol...Bro dropped ur Chinaman accent already? Anyway good try by Uncle Tan to divert attention from intended target by proposing the now aborted Singer deal with BJCorp? The fight is now between David & Goliath since the other collaborators like Penta, Goldman Sachs & Macquarie Banks already sold all their proxy shares?
Good you are here. Can you ask Lydia whether JDC Jeju has paid Berjaya the compensation supposed to be received by mid August?
"Berjaya Corporation Berhad, a Malaysia-based corporation which controls a wide array of businesses, agreed to drop a five-year-old damage suit against the Jeju Free International City Development Center (JDC), a state organization which had launched a project to build the Yerae resort complex in Seogwipo in the southern part of Jeju Island.
Through a series of negotiations, Berjaya agreed to accept 125 billion won ($104 million) in compensation by the middle of August "
BJCORP has 5.2b shares, BJLAND has 5b shares, wonder how the privatisation will work? share swap 1:1 + cash offer, BJCORP will have 10b shares, this is crazy!
So far there is no privatisation plan, Berjaya Land CAN be delisted by bursa after 24th Sep without any privatisation offer. There is NO guarantee that fox tan will make an offer. Just wait and see.
rogers123, you are right, I should seriously evaluate my investment strategy to focus on avoiding crook owner. More specifically, I should stop assuming that it's SC and Bursa role to make sure these owners are not getting funds from the public...
anyway, lets see if VT will declare dividend as promised. Like my email to BCorp and BLand investor relation, it's not the amount that matter, it's delivering promises that matter. I have requested for 0.01 dividend if VT believe BCorp and BLand should preserve as much cash as possible given Covid-19 pandemic that's sudden and unexpected.
Wow, Fantastic! Oil price spike up to sky high again ! As at 8.42pm, Nymex=> $42.76 (+0.42) (+0.99 percent) ! Brent=> $45.40 (+0.47) (+1.05 percent) !
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....
Bettyem
662 posts
Posted by Bettyem > 2020-08-12 15:01 | Report Abuse
https://youtu.be/IByDClFTOME