Posted by miniminer > 2020-06-21 17:28 | Report Abuse

Look like someone rushing exchange shares at lower than market price, if you intercept the exchange price will get lower, so try to intercept, should be able to hit next batch at lower price........ hehehe.......

Posted by miniminer > 2020-06-21 18:23 | Report Abuse

I am admit TSVT is smart & in control of his Corp for now, many has been victimized....but remember "Setinggi-tinggi arnab melompat.......", what about 10-20 years later.........

Posted by kelvin17 > 2020-06-22 14:28 | Report Abuse

bahai4453 imagine famous and top Malaysia entrepreneour after running the so called experience business for 25 years and the share price is at 17 cents. Dont need to talk how clever he is ....like you said ..look like shit ...pity malaysia investors

Posted by bahai4453 > 2020-06-22 17:00 | Report Abuse

烂叫股。。。。

Posted by kahhoeng > 2020-06-22 18:44 | Report Abuse

On Monday, June 22, 2020, 06:36:54 PM GMT+8, Berjaya. com. my-Media <media@berjaya.com.my> wrote:


With regards to your queries below, we would like to recommend that you raise your questions at the BCorp EGM for the ratification of the disposal of the hotel component of the Four Seasons Hotel and Hotel Residences Kyoto, Japan on 1 July.





Thank you and kind regards,

Lydia



----- Forwarded Message -----
To: Berjaya. Com. My-Media <media@berjaya.com.my>

Sent: Monday, June 15, 2020, 10:55:21 PM GMT+8

Subject: Fw: Berjaya Land - disposal of Kyoto Four Season



Dear Lydia,



Err... After the email sent earlier (attached) requesting further information into the Kyoto Four Season disposal, I have spent some time reading into the announcement made by BCorp pertaining the disposal of Kyoto Four Season (link as follow.)



Announcement details



Announcement details


It seems that BCorp is planning to use RM 1.218 billion from the disposal proceed to pare down debt at BCorp level while an additional RM 329 million to pare down debt at BLand level. Isn't the joint venture a 50-50 ownership by both BCorp and BLand? Curiously, exactly how much is BLand expected to receive and how's that differ from its 50% ownership?



Thanks in advance.



Best regards,


----- Forwarded Message -----

To: Berjaya. Com. My-Media <media@berjaya.com.my>

Sent: Monday, June 15, 2020, 10:36:58 PM GMT+8

Subject: Berjaya Land - disposal of Kyoto Four Season



Dear Lydia,



It's to my understanding that Kyoto Four Season is a 50-50 joint venture between BCorp and BLand, am I right? When reading through the most recent quarterly report of BCorp, I noticed that BCorp received RM 2.008640 billion from the disposal of Kyoto Four Season. Meanwhile, in the most recent quarterly report of BLand, I haven't noticed a similar cash flow from investing for BLand (RM 1.004320 billion from it's 50% ownership). May I know why? Furthermore, may I know what's BLand's BOD plan for said fund and if any dividend will be declared from such an outstanding sale of an asset?



Thanks.







Best regards,

Posted by kahhoeng > 2020-06-22 18:45 | Report Abuse

Err... The above is one hell of a response pertaining to disposal of Kyoto Four Seasons. It's as if BLand shareholders are not entitled to know!!!

Posted by stockraider > 2020-06-22 19:12 | Report Abuse

LET GENERAL RAIDER TRY TO EXPLAIN THE BELOW the PUZZLE LOH...!!

1. BJCORP HOLD ABOUT 90% BLAND THUS IT IS A SUBSIDIARY MAH....!

2. THE DISPOSAL OF KYOTO....ALTHOUGH BLAND HAD A 50% SHARE...BUT IT PERFECTLY LEGAL...THAT BCORP TAKE CONTROL...OF THE TRANSACTIONS & its cash...WHICH MEAN BCORP CONTROL THE CASH Receipts...AND IT JUST ACCOUNTS FOR AN INTERCO OWING TO BLAND IN THE MEANTIME MAH...!!

3. ONCE...BCORP FULLY PRIVATISE BLAND 100%....NO NEED TO ACCOUNT FOR BLAND INTERCO PORTION...SINCE IT ALREADY OWE 100% OF BLAND MAH..!!

4. THAT MEANS HABIS CERITA...NOT NEED TO TALK ABOUT BLAND & BCORP MAH....!!

That the reasons why Lydia do not want to talk so much of bland mah..!!
But she cannot tell u so directly like General Raider tell u loh, bcos she need to becareful of bursa & Sc requirement mah...!!


Subject: Berjaya Land - disposal of Kyoto Four Season

Dear Lydia,

It's to my understanding that Kyoto Four Season is a 50-50 joint venture between BCorp and BLand, am I right? When reading through the most recent quarterly report of BCorp, I noticed that BCorp received RM 2.008640 billion from the disposal of Kyoto Four Season. Meanwhile, in the most recent quarterly report of BLand, I haven't noticed a similar cash flow from investing for BLand (RM 1.004320 billion from it's 50% ownership). May I know why? Furthermore, may I know what's BLand's BOD plan for said fund and if any dividend will be declared from such an outstanding sale of an asset?

Announcement details


It seems that BCorp is planning to use RM 1.218 billion from the disposal proceed to pare down debt at BCorp level while an additional RM 329 million to pare down debt at BLand level. Isn't the joint venture a 50-50 ownership by both BCorp and BLand? Curiously, exactly how much is BLand expected to receive and how's that differ from its 50% ownership?



Thanks in advance.

Posted by kahhoeng > 2020-06-22 20:47 | Report Abuse

Err.... I'm asking bland BOD about the share of kyoto disposal, and bland only managed to tell me to refer to bjcorp EGM after 1 week? is the BLand BODs still being paid to oversee BLand???

Posted by simon2020 > 2020-06-22 21:22 | Report Abuse

You are asking IR of BJcorp & not BJLand, as Lydia Lye is Assistant GM of Corporate Communications for BJCorp. Refer link below.

https://www.linkedin.com/in/lydia-lye-42674899?originalSubdomain=my

Posted by kahhoeng > 2020-06-22 21:35 | Report Abuse

Simon, bland IR also Lydia if I were not wrong

Posted by sailang_now > 2020-06-22 22:18 | Report Abuse

Stockraider may be right about Lydia's response..

stockraider LET GENERAL RAIDER TRY TO EXPLAIN THE BELOW the PUZZLE LOH...!!

1. BJCORP HOLD ABOUT 90% BLAND THUS IT IS A SUBSIDIARY MAH....!

2. THE DISPOSAL OF KYOTO....ALTHOUGH BLAND HAD A 50% SHARE...BUT IT PERFECTLY LEGAL...THAT BCORP TAKE CONTROL...OF THE TRANSACTIONS & its cash...WHICH MEAN BCORP CONTROL THE CASH Receipts...AND IT JUST ACCOUNTS FOR AN INTERCO OWING TO BLAND IN THE MEANTIME MAH...!!

3. ONCE...BCORP FULLY PRIVATISE BLAND 100%....NO NEED TO ACCOUNT FOR BLAND INTERCO PORTION...SINCE IT ALREADY OWE 100% OF BLAND MAH..!!

4. THAT MEANS HABIS CERITA...NOT NEED TO TALK ABOUT BLAND & BCORP MAH....!!

That the reasons why Lydia do not want to talk so much of bland mah..!!
But she cannot tell u so directly like General Raider tell u loh, bcos she need to becareful of bursa & Sc requirement mah...!!

Posted by bahai4453 > 2020-06-22 22:22 | Report Abuse

All of them under VT . what the use ? Buying Singa is a clear indicator for you to exit Bjland. Just a dream land for dreamers.

Posted by wantanmi > 2020-06-22 22:41 | Report Abuse

Yup! If BJCorp & related parties already controls about 90% of BJLand, privatisation is a matter of time..that's why VT machais are actively encouraging you to exit in order to increase their % holding or discourage minority from buying more as expensive to press down share price indefinitely given limited liquidity in the market...

Posted by limsawkean1998 > 2020-06-23 14:29 | Report Abuse

Why no people buy all at 17sen . Like that maybe can give the boss a lesson .
Then we can make the best price if anyone interested to private
Since toto already start business
I think should offer at least 50sen if some one interested to private bjland nta so high 50sen also 90% discount to some one who got interested on Bjland

Posted by kahhoeng > 2020-06-23 17:39 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3061112

PUBLIC SHAREHOLDINGS SPREAD

BERJAYA LAND BERHAD


Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD

Description PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO PARAGRAPH 8.02 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD




Further to our announcement dated 24 March 2020, the Board of Directors of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 22 June 2020, resolved to accept the minimum public shareholding spread of BLand of 20% (“20% PSS”) as in compliance with Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities. In this regard, BLand is required to comply with the 20% PSS by 23 September 2020.


Currently, the public shareholding spread of BLand stood at 13.295%, a shortfall of about 6.705%. The Company has yet to formulate any rectification plan to address the shortfall in the 20% PSS but will explore all possible options to meet the 20% PSS by 23 September 2020.



This Announcement is dated 23 June 2020.

Posted by shortinvestor77 > 2020-06-23 17:43 | Report Abuse

15% increased to 20% PSS

Posted by shortinvestor77 > 2020-06-23 17:44 | Report Abuse

Can delist already if not privatised.

Posted by simon2020 > 2020-06-23 18:25 | Report Abuse

Good suggestion...should follow the BJCorp/ Penta deal ratio agreed earlier for dividend in specie to meet the 20% PSS requirement imposed by Bursa... somebody to follow it up with BOD in coming EGM/AGM? Also to suggest a combination of cash dividend & BJCorp shares for BJLand shareholders as most hold shares in both companies.

kahhoeng err... distributing BLand shares to BCorp shareholders to meet shareholding spread while meeting the dividend promise?

Posted by bahai4453 > 2020-06-23 19:15 | Report Abuse

Run... F... counter .

Posted by bahai4453 > 2020-06-23 19:18 | Report Abuse

All the talking and promises are for 3 running years. Nothing happens and nothing is progressing except the wealth of the operators.

Posted by shortinvestor77 > 2020-06-23 19:29 | Report Abuse

Hahaha. Bahai has been asking people to run but he is still sticking to shit here.

Posted by bahai4453 > 2020-06-23 20:25 | Report Abuse

I not sticking to shit here though I lost a few hundred RM here. It is not a big deal as I know how to cut lost.. But I certainly do not like the operators bullshitting around as my friends are suffering for their loyalty. I expressed for my parts of a good buddy. I never trust this operators all all.

Posted by Eddysurge > 2020-06-23 20:51 | Report Abuse

Bjland board wishes to announce that the company has yet to formulate any rectification to address the shortfall in the 20% PSS by 23rd September 2020? kahhoeng said to distribute bjland? By who's? By bjland ? Tricky part is bjcorp or bjland who sold cheaply and cheating the trust of both entity. Bought expensive sold cheaply. The beneficiaries only TSVT.

Posted by Eddysurge > 2020-06-23 20:58 | Report Abuse

Even bjland succeeded 20% bjland, the trust of market value already suffered. At another hand,Bjcorp , also don't know why have to undertake bjland and investment in bjland, the minority gained nothing.

Posted by kahhoeng > 2020-06-23 21:36 | Report Abuse

Err... What I meant is distributing bland shares to bcorp shareholders for free, probably like 1 bland shares for every 10 bcorp shares held. Bcorp will be able to distribute 500 million bland shares, easily reach the 20% shareholding spread required by bursa.

Posted by Eddysurge > 2020-06-23 22:08 | Report Abuse

Sad to see the consequences. From all perspective. Bjcorp? Bjland, minority?

Posted by Eddysurge > 2020-06-23 22:11 | Report Abuse

BOD held all stupid.

Posted by stockraider > 2020-06-23 22:13 | Report Abuse

Vincent should not waste time, just proceed to privatise bland mah...!!

Posted by bahai4453 > 2020-06-24 19:04 | Report Abuse

BJland and BJcorp are the tools for VT to fool around, he will never never give up and privatized either of them. Unless the debts are minimized and the profit is sky rocket high especially at this period of the time.

Posted by wantanmi > 2020-06-24 19:21 | Report Abuse

Yup! Why waste ur time for the Boss here? Just proceed as suggested by stockraider since BJCorp needs all the money coming back from sale of FS Kyoto Hotel component & still left FS Kyoto Residences component to be sold, RM650 million due to BJLand from sale of GMOC by Beijing SkyOcean Arbitration, compensation from Jeju Korea, Selangor Turf Club etc..

Posted by kahhoeng > 2020-06-24 20:25 | Report Abuse

with no news yet on China Great Wall payment, guess it will take some time for BLand to collect the over 600 million owed...

Posted by OceanSky > 2020-06-24 20:55 | Report Abuse

位于燕郊102国道与潮白河交汇处东南角，紧邻通燕高速首站的橘黄色烂尾楼，一度成为燕郊房地产市场特殊的存在。
这座被当地居民称为“不成功”的成功大广场，系马来西亚博彩巨头成功集团投资开发，占地31万平方米，总建筑面积173万平方米，包括一座室内主题公园，总投资超过50亿元，号称“世界最大商业项目”。
成功大广场在2005年开工，但没有如期在2008年竣工，而是成为了燕郊最大的商业烂尾楼。2015年底，当时刚成为舍得酒业（600702.SH）控股股东的天洋控股集团（简称天洋集团）以20.8亿元接盘该项目。2017年为配合当地交通改造工程，成功大广场被拆除废弃，原地取而代之的将是天洋创新中心项目。
有意思的是，这座已经快被人遗忘的废弃建筑，最终与舍得酒业扯上了关系—— 2019年11月18日，舍得酒业放量大跌9.05%，原因是当天有消息指出“舍得酒业的实控人天洋集团持有的沱牌舍得集团股权遭司法冻结。”
舍得酒业当天晚间发布澄清公告称，这是由于控股股东天洋集团因商业合同纠纷而在香港被成功集团发起仲裁，进而导致天洋集团所持舍得集团70%股权等资产被采取保全措施。

Posted by OceanSky > 2020-06-24 20:57 | Report Abuse

End of year 2019, Sky-Ocean's holding on 舍得集团 70% have been withheld/ Ca-vet by BLand.

Posted by OceanSky > 2020-06-24 20:57 | Report Abuse

由于被法院保全的舍得集团等几家公司股权价值达200多亿元，超过争议金额。天洋集团正申请复议释放出超额保全的资产，以及打算通过担保等方式解除对舍得集团70%股权的保全。

Posted by OceanSky > 2020-06-24 20:58 | Report Abuse

From above, the proceeds from Sky-Ocean should be secured.
Only take time for the high court order.

Posted by kahhoeng > 2020-06-25 09:56 | Report Abuse

think Q4 result will be very bad, no revenue from BToto or BLand's hotel... If collection can be completed before June 30, at least BLand will show profit.

Posted by wantanmi > 2020-06-25 11:46 | Report Abuse

Yup! BJLand utiliize Accruval Accounting to recognize gains and losses in the period it occurred irregardless when actual cash is received.

Since the GMOC Arbitration win was awarded by HKIAC on 21 May 2020. At least RM600 million will be recorded as gains in Qtr 4 offsetting any reduction in income from other investments to show profit in coming Qtr.

https://m.economictimes.com/definition/accrual-accounting/amp

https://www.klsescreener.com/v2/announcements/view/3164123

Posted by OceanSky > 2020-06-25 18:46 | Report Abuse

Not RM600 million. Only RM306 million.

AS there is partner holding the balance of 49%.

Posted by wantanmi > 2020-06-25 19:20 | Report Abuse

Yup! Since BJLand is the majority, all money received from GMOC Arbitration will be recognized in BJLand account before any distribution.

Same principle goes, where all cash received through BJCorp in FS Kyoto hotel component sale even though BJLand is 50% owner...bottom line..there will be profit in coming Qtr.

Posted by shortinvestor77 > 2020-06-26 21:26 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3182669

Posted by gohku > 2020-06-27 12:18 | Report Abuse

Not necessary they will recognise the litigation gain, they may want to wait for enforcement & collection before recognise the gains.

Posted by wantanmi > Jun 25, 2020 11:46 AM | Report Abuse

Yup! BJLand utiliize Accruval Accounting to recognize gains and losses in the period it occurred irregardless when actual cash is received.

Since the GMOC Arbitration win was awarded by HKIAC on 21 May 2020. At least RM600 million will be recorded as gains in Qtr 4 offsetting any reduction in income from other investments to show profit in coming Qtr.

https://m.economictimes.com/definition/accrual-accounting/amp

https://www.klsescreener.com/v2/announcements/view/3164123

Posted by somo1 > 2020-06-27 12:33 | Report Abuse

reap in huge profit or incurring losses have little impact on this stock's price movement. It's the WILL of VT and VT only can move BJLand share price in a meaningful way. So just throw all your knowledge, logic, fundamental analysis out of the window when playing this stock...

Posted by gohku > 2020-06-27 12:40 | Report Abuse

The way VT continue buying and the 2 companies are doing own share buy back recently, shows there are conviction on bland & bcorp.

Posted by somo1 > Jun 27, 2020 12:33 PM | Report Abuse

reap in huge profit or incurring losses have little impact on this stock's price movement. It's the WILL of VT and VT only can move BJLand share price in a meaningful way. So just throw all your knowledge, logic, fundamental analysis out of the window when playing this stock...

Posted by wantanmi > 2020-06-27 15:55 | Report Abuse

Yup! Pls. note that BJLand practices Accruval Accounting to recognize gains and losses in the period it occurred irregardless when actual cash is received. You don't simply change the accounting rules to suit your convenience..

Back in 2017, BJLand made impairment losses of RM600 million on non payment on sale of GMOC to Beijing SkyOcean against operating profit to convert it's Qtr report to a loss. At that time BJLand was trading at 38 sens against 17 sens now due to non payment..

Likewise, since awarded an Arbitration win by HKIAC against Beijing SkyOcean on payment of RM650 million including interest on 21 May 2020. The previous impairment loss provision of at least RM600 million in BJLand's accounts will be reversed in the coming Qtr. Report, irregardless of when money is actually received as the Arbitration win of at least RM650 million is secured against Beijing SkyOcean frozen assets valued 20x more than the Arbitration win by China People's Court. Any secured Arbitration award is assured by the power of China's Peoples Court to collect on sum of money owed to BJLand including interest!

Posted by kahhoeng > 2020-06-27 17:47 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3182669

The announcement is a first step to provide clarification into the disposal of Kyoto Four Seasons. I am glad as a minority shareholder that they are offering further insight into the deal. Though, since VT has made a promise for dividend post disposal, it should make clear how much will be allocated as dividend. Would appreciate a dividend that's equivalent to 10-20% of the disposal proceed. BCorp and BLand will still be able to keep 31-41% for future projects.

Posted by Leong1982 > 2020-06-27 22:38 | Report Abuse

kahhoeng, it is clearly stated that they will not use the net proceeds from hotel divestment to distribute dividends to minority shareholders.

Posted by stockraider > 2020-06-28 13:42 | Report Abuse

I thought this announcement clearly spell out how dividend can be paid after satisfying various essential conditions ??

Posted by kahhoeng > Jun 27, 2020 5:47 PM | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3182669

The announcement is a first step to provide clarification into the disposal of Kyoto Four Seasons. I am glad as a minority shareholder that they are offering further insight into the deal. Though, since VT has made a promise for dividend post disposal, it should make clear how much will be allocated as dividend. Would appreciate a dividend that's equivalent to 10-20% of the disposal proceed. BCorp and BLand will still be able to keep 31-41% for future projects.

Posted by kahhoeng > 2020-06-28 14:50 | Report Abuse

And if you read the first announcement,

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=200466&name=EA_DS_ATTACHMENTS

NO PLAN to pay for dividend AT ALL!!! UNLESS it's WRITTEN, it means NOTHING!

Posted by kahhoeng > 2020-06-28 14:57 | Report Abuse

BLand spent more than RM 30 million to buy into BFood and 7-11 since the disposal of Kyoto Four Seasons.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3053927

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3048372

BCorp already shows they would rather have BLand buying into BFood and 7-11 than paying dividend. Combining to what's announced in the ratification announcement, best request a confirmed amount of dividend to safeguard minority shareholders' interests.

Posted by Paulnga > 2020-06-28 15:24 | Report Abuse

Talk east, talk west, style like that Mamak make Roti Canai!