if BCorp is trading at above 1.50, I can see why MCIS acquisition requiring VT paring down stakes in BCorp makes sense to VT. With BCorp way below 0.50 and VT selling BCorp to buy MCIS, don't you guys ever wonder what went wrong???
He is sacrificing for the overall benefit of bjcorp & minority shareholders mah!
Posted by kahhoeng > 2 minutes ago | Report Abuse
if BCorp is trading at above 1.50, I can see why MCIS acquisition requiring VT paring down stakes in BCorp makes sense to VT. With BCorp way below 0.50 and VT selling BCorp to buy MCIS, don't you guys ever wonder what went wrong???
TS Lim & siblings already controls more than 12% shares in BJCorp & may acquire more in future. TS Lim is no yesman being a self-made billionaire ranked 24 on the Forbes list. They may chart new direction for BJCorp and monetize it's cashcows such as BJLand & STM Lottery sooner or later?
Latest Update (Kuala Lumpur, 13th) Berjaya Group (BJCORP, 3395, Main Board Industrial Products Services Group) Chairman Tan Sri Tan Zhiyuan has further reduced his holdings in the group, preparing to pave the way for the acquisition of financial institutions .
According to the statement issued by BJCorp on Friday, Chen Zhiyuan sold a total of 80 million direct shares in three batches on January 11, and sold a total of 1 million indirect shares held by his children in two batches on January 10 and 12. shares.
After the shareholding reduction, Chen Zhiyuan still holds 488,271,345 shares or 8.745% direct equity and 730,989,755 shares or 13.092% indirect equity of BJCorp.
BJCorp revealed earlier that the management intends to carry out the acquisition involving the Bank of China's financial services license. According to the Bank of China's financial services law, individuals cannot hold more than 10% of the shares in licensed institutions. The stake was reduced to below 19.6%. According to "Bloomberg" data, Chen Zhiyuan originally directly held 20.12% of the shares of the successful organization.
Berjaya later confirmed that it intends to acquire a 51% controlling stake in MCIS Life Insurance (MCIS Life) from South Africa's Sanlam Group.
On December 27 last year, the Lin family company that controlled KOSSAN (KOSSAN, 7153, the main board healthcare group) acquired 400 million shares of Success Group from Chen Zhiyuan, equivalent to 5.015% equity, and became one of the major shareholders.
And last week, Chen Zhiyuan sold 40 million shares or 0.7% of the company's shares to his son-in-law Farid Nasmuddin at a price of RM10 million or 25 cents per share.
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....
stockraider
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Posted by stockraider > 2023-01-13 17:53 | Report Abuse
Lu tau boh ??
Uncle Tan selling is bullish mah!