bjc at 5b share base what likely screnario going forward, will warrant exercise happen or share consolidation , your professional comment will be appreciated
BERJAYA CORPORATION BERHAD INKS FRAMEWORK AGREEMENT WITH CHINA SPORTS LOTTERY HKJC INFOTECH (BEIJING) CO., LTD. FOR MUTUAL COOPERATION IN LOTTERY OPERATIONS
Kuala Lumpur - Berjaya Corporation Berhad ("BCorp") and China Sports Lottery HKJCINFOTECH (Beijing) Co., Ltd. ("CSLJC") today signed a Cooperation Framework Agreement (“Framework Agreement”) to cooperate on lottery management, business development and technical and market solutions to further expand the areas of cooperation and explore opportunities to jointly develop the third-party lottery market under a responsible gaming framework.
The Framework Agreement will be for an initial five-year term commencing from 26 August 2020, subject to renewal.
Stemming from the “Belt & Road" Initiative, this bilateral cooperation aims to further enhance the technical and business management capabilities of BCorp and its subsidiaries in lottery operations, enrich its lottery product offerings, study opportunities for expanding into the third party lottery market, and promote the rapid and healthy development of the lottery business on the basis of mutual respect, trust, and friendly consultation with CSLJC to broaden business cooperation for common growth and development.
CSLJC is a Sino-foreign cooperative joint venture established by China Sports Lottery Technology Development Co., Ltd. and HKJC Business Ventures (China) Limited, a business unit of the Hong Kong Jockey Club. As the core technical service provider of sports lottery in Mainland China, CSLJC provides customers with technical services on various types of lottery product design and development, operation and promotion, technical architecture design, core trading system research and development, testing and operation services and lottery omni-channel construction, based on WLA-SCS and ISO20000 certification system standards providing safe, stable and professional system integration services.
Commenting on the signing, BCorp Executive Chairman Tan Sri Dato' Seri Vincent Tan said, "This Framework Agreement is the result of constructive engagement and negotiations between BCorp and CSLJC following their successful experience-sharing and training in 2018 and 2019 on mobile phone and internet lottery distribution channels and lottery development as encouraged by the “Belt & Road” Initiative in China and Hong Kong.
Through this collaboration with CSLJC, the BCorp Group will be able to leverage on the expertise and experience from CSLJC to further enhance our existing lottery business as well as explore fresh opportunities in the lottery and gaming industry in new regions," Tan Sri added.
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For media inquiries, please contact Ms. Lydia Lye of Group Corporate Communications at media@berjaya.com.my
After many years, another Vietnam gambling license story .... found golden mine in Vet and now found platinum and diamond mines in China! Bravo! Huat ah!
Entitlement subject Share Dividend Entitlement description Distribution of share dividend on the basis of four (4) treasury shares for every one Hundred (100) existing ordinary shares held
Ex-Date 30 Sep 2020 Entitlement date 01 Oct 2020 Entitlement time 5:00 PM Financial Year End 30 Jun 2020
Good enough for a start...for every 1000 shares held, you get 40 shares as dividend in specie. Equivalent to 0.08 sens per share at current market price?
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....
tkl88
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Posted by tkl88 > 2020-08-25 16:22 | Report Abuse
As at 4.15 pm,
Dow Jones at=> 28,411.5 (+172.5) (+0.61 %) !