It's a one It's a two It's a one, two, three, come on! Dulu asyik mengadu kata aku tak ada apa Selagi aku bernyawa, aku rasa aku berharta Akal celik dan jiwa kental benda bukannya murah Semua nak ke puncak, tak semua sanggup menghadap susah (brrahhh!)
KUALA LUMPUR (Jan 26): Berjaya Corp Bhd (BCorp) founder and major shareholder Tan Sri Vincent Tan Chee Yioun has now trimmed his stake in the diversified group to 19.061%.
Tan sold two blocks of shares in a direct business transaction on Wednesday (Jan 25). According to BCorp’s filings, he sold 110.08 million shares via Hotel Enterprise Sdn Bhd and another 15.92 million shares through B & B Enterprise Sdn Bhd.
Following the transactions, Tan's direct stake in BCorp now stands at 7.814%, while his indirect stake is 11.247%.
BCorp is currently in talks to acquire a 51% stake in life insurance company MCIS Life Sdn Bhd. To facilitate the acquisition, Tan, as chairman, intends to reduce his stake in BCorp to 19.6% from 26%.
The group is not new to the financial services business. It is currently in the insurance business through its 30% stake in Berjaya Sompo Insurance Bhd. Sompo Holdings (Asia) Pte Ltd owns the remaining 70% stake. The company also wholly owns a stock brokerage firm — Inter-Pacific Securities Sdn Bhd.
In January alone, Tan sold 417.3 million BCorp shares.
In a separate announcement from BCorp, Lim Kuang Wang acquired 80 million shares of BCorp via a direct business transaction.
This increased his stake to 6.627% from 5.194% on Dec 23. Lim is a former executive director of Kossan Rubber Industries Bhd.
At the time of writing, BCorp shares were trading up half a sen or 1.47% to 34.5 sen, translating into a market capitalisation of RM2.03 billion. Over the past year, the stock has risen 44%.
In a separate announcement to Bursa on 26 Jan, BJLand also announced that BJCorp has ceased to be BJLand's 80.1% substantial shareholder as of 25 Jan. Is this part of the restructuring exercise undertaken by BJCorp to meet requirements of FSA, as a holding company can't own both a Banking/Insurance license and at the same time owns a Gaming License (STM Lottery) held under its former subsidiary BJLand?
Yes all the newspapers missed this important announcement by BJLand today on cessation of 80.1% ownership by BJCorp, but who's the new owner?
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS DURING CLOSED PERIOD BERJAYA LAND BERHAD
Subject Dealings During Closed Period Date of announcement made for "Intention to Deal During Closed Period" 19 Jan 2023
No Salutation Name Designation Description Of "Others" Designation 1 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN Others Director of STM Lottery Sdn Bhd, a major subsidiary of the Company Type of Transaction Others Description of "Others" Type of Transaction Cessation Date of Transaction 25 Jan 2023 Description of Securities Ordinary Shares No of Securities Transacted 3,981,782,496 % of Securities Transacted 80.922 Consideration Malaysian Ringgit (MYR) 0.000
Remarks : *Cessation of deemed interest held through Berjaya Corporation Berhad (the holding company of Berjaya Group Berhad and the ultimate holding company of Teras Mewah Sdn Bhd, Juara Sejati Sdn Bhd, Bizurai Bijak (M) Sdn Bhd, Prime Credit Leasing Berhad, Inter-Pacific Securities Sdn Bhd, Inter-Pacific Capital Sdn Bhd, Rantau Embun Sdn Bhd and Redtone Digital Berhad) and Berjaya Sompo Insurance Berhad pursuant to Section 8(4) of the Companies Act 2016.
Help VT to break Resistant at 0.35 so that he has more bullets to buy BJLand from 0.28? As uptrend is still intact, next TP 0.35? Remember! follow cash rich VT to collect BJLand & SEM... something's cooking & the smell of money is refreshing once the new 80.1% owner of BJLand is known.
py1818 Tks for your daily bulletin.. All BJCorp Call Warrants has expired and no new ones in sight...in the meantime VT has been selling via direct biz transactions to Proxies for goreng purpose?...let's see what's VT next move?
py1818 * @earlyretirement @sailang_now @bulldog BjCorp Highest price 0.50 Resistant 0.39 Resistant 0.35 Support 0.33 Price 0.345 Verdict - Uptrend is still intact...
How to use buletin. If price go below support, downtrend. If price go above resistant, uptrend
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....
bulldog
12,157 posts
Posted by bulldog > 2023-01-25 16:04 | Report Abuse
Up Up on the way
Huat chaiii