my concern is Penta was "lucky" to get out at 0.70 and "keen to further invest in BJLand despite falling prices without support" currently. Has Penta "forced" VT to absorb BJLand then and is Penta "tipped" to buy BJLand now. Who's the ultimate beneficiary of Penta? Any relation to VT? I suppose these are not difficult to find out given what Bursa and SC are empowered with...
Bjcorp offers to buy bjland at 0.38 with bjcorp shares at 0.30, equivalent to 1 bjland exchanges into 1.267 bjcorp. Wonder if it'll be extended to minority shareholders?
Bjcorp offers to buy bjland at 0.38 with bjcorp shares at 0.30, equivalent to 1 bjland exchanges into 1.267 bjcorp. Wonder if it'll be extended to minority shareholders?
If vt wants to give more bjland shares to bjc at reasonable price to increase its exposure to above 80%, it is a good idea too loh...!!
If minority wants to block...then they must complain to SC and Bursa that this is not fair to minority, as we should get the same offer too mah....!!
But VT knows, if he offer this deal to minority, it will be rejected by minority....thus it is a waste to offer such a low value deals to minority shareholder mah...!!
GO cost monies, it is likely VT will improve their offer to minority loh.....!!
So if we too kencheong to receive an offer from VT, then only solution to compel him to offer by getting SC to advice VT to give an offer now loh
Current offer price is telling us future offer price will be lower. We have to make sure VT MUST offer to take private Bjland now or not allowed to make an offer to Penta. It would be absurd if SC does not make sure an offer be made to ALL
Lol...Update on BJCorp acquisition...once the offer of RM0.38 for each BJLand share goes through...it will trigger a MGO for minority shareholders at the same price as a prelude to Privatisation?
"Berjaya Corp Bhd (BCorp) is acquiring a 4.61% stake in Berjaya Land Bhd (BLand) for RM87.4 million or 38 sen per share.
The purchase price of 38 sen represents a 49% premium against BLand’s today closing price of 25.5 sen.
Upon completion of the proposed acquisition, BCorp’s shareholding in BLand will increase to 76.89% from 72.28% as at Jan 29, 2019.
Definition of mandatory general offer. In a takeover, an offer to buy all of the remaining shares in a company, that must be made when a company owns more than 33% of the voting shares in another company
it is legal to buy at watever price from any seller...becoz now is not mgo...penta still got 3 percent left...meaning...2nd offer might be higher say 50 sen ...n then possibly 3rd offer to minority shareholder...so its still early to say...
But confirm after the penta sales..the public spread issue gonna be worse...so the probabilty of delisting is almost 80 percent confirmed..jus dunno wat price vt will offer...i guess is 50 to 60...
To buy 4.61% through new issues of bjcorp shares,cashless. Do you think VT will push up bjland shares, but reduces bjcorp to below 28cents? Unless bjland can straight a way contribute or even the takeover.
the misai's previous talk on getting listed in singapore is a smokescreen.his offer is a share swap.he can easily accomplish the privatization by just pushing up bjcrop's share price to attractive level like 80 cents.those who want to grab a big angpow can buy bjcorp .bjcorp's share price will go up soon.
the latest penta deal did not look attractive because bjcorp's share price was 28 cents.if bjcorp at 82 cents is a different story,he can easily accomplish the privatization by having more than 90 percents of shares.the misai will push up bjcorp soon.
[BJLAND] Change In Substantial Shareholder's Shareholding - PENTA INVESTMENT ADVISERS LTD on 28-Jan-2019
Stock [BJLAND]: BERJAYA LAND BHD Announcement Date 28-Jan-2019
Substantial Shareholder's Particular: Name PENTA INVESTMENT ADVISERS LTD Details of Changes: Currency - Date of Change Type Number of Shares 23-Jan-2019 Acquired 45,415,369
Registered Name PENTA MASTER FUND LTD Nature of Interest Direct Interest Nature of Interest Direct Interest Shares Ordinary Shares Reason Direct Business Transaction from Goldman Sachs International.
Penta Investment Advisers Ltd is adviser to the fund. Total no of securities after change Direct (units) 396,185,989 Direct (%) 7.94 Indirect (units) 0 Indirect (%) 0.00 Total (units) 396,185,989 Total (%) 7.94 Date of Notice 26-Jan-2019
After disposing to BJC, Penta can continue to Bjland, if anyone want to be like penta buy bjland to exchange for bjc share, VT is quietly laughing bcos this is according to his plan mah....!!
vt is leveraging on penta to buy up bjland shares ...so penta use cash to buy from other minority holder and public..vt use share to buy from penta... vt will only use cash to offer to public only after kyoto disposed n cash come in...
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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....
ivan9511
3,854 posts
Posted by ivan9511 > 2019-01-28 18:33 | Report Abuse
28-Jan-2019 Insider PENTA INVESTMENT ADVISERS LTD (a substantial shareholder) acquired 45,415,369 shares on 23-Jan-2019.
23-Jan-2019 Insider Notice of new substantial holder - PENTA INVESTMENT ADVISERS LTD on 18-Jan-
come come come