Why not...just mirror Tony's idea "Now Everybody Can Stay" to Enjoy Berjaya's Hospitality & Food?. It will be a great marketing exercise to promote Berjaya's hotels worldwide & provide much goodwill. Can send the free stay vouchers with the coming Annual 2019 Report?
VT is holding, through various vehicles, 84.889% of BJLand by today, and he's seeking 'extension'... wonder if BURSA and SC will allow it?!? Guess YES...
IF U WANT TO PREVENT IT...U BETTER COMPLAIN TO SC LOH...!!
IF U ALLOW THE EXTENSION, THAN U JUST KEEP QUIET LOH....!!
THE MERITS OF EXTENSION ??
1. IF EXTENSION IT WILL ALLOW MORE TIME FOR VT & US TO ACCUMULATE BJLAND LOH.....!!
2. IF DON ALLOW EXTENSION...IT WILL TRIGGER DELISTING EARLIER & HENCE FASTER PRIVATIZATION BY BJCORP LOH.....!!
AS FOR RAIDER, I M NEUTRAL, WHETHER SC EXTEND OR REJECT THE EXTENSION LOH.....!!
Posted by skyu > Aug 5, 2019 6:54 PM | Report Abuse
As expected, the big boss request for extension again for the public shareholding spread. Obviously, he doesn't have the intention to privatise.
Posted by kahhoeng > Aug 5, 2019 7:16 PM | Report Abuse
VT is holding, through various vehicles, 84.889% of BJLand by today, and he's seeking 'extension'... wonder if BURSA and SC will allow it?!? Guess YES...
IF U WANT TO PREVENT IT...U BETTER COMPLAIN TO SC LOH...!!
IF U ALLOW THE EXTENSION, THAN U JUST KEEP QUIET LOH....!!
THE MERITS OF EXTENSION ??
1. IF EXTENSION IT WILL ALLOW MORE TIME FOR VT & US TO ACCUMULATE BJLAND LOH.....!!
2. IF DON ALLOW EXTENSION...IT WILL TRIGGER DELISTING EARLIER & HENCE FASTER PRIVATIZATION BY BJCORP LOH.....!!
AS FOR RAIDER, I M NEUTRAL, WHETHER SC EXTEND OR REJECT THE EXTENSION LOH.....!!
Posted by skyu > Aug 5, 2019 6:54 PM | Report Abuse
As expected, the big boss request for extension again for the public shareholding spread. Obviously, he doesn't have the intention to privatise.
Posted by kahhoeng > Aug 5, 2019 7:16 PM | Report Abuse
VT is holding, through various vehicles, 84.889% of BJLand by today, and he's seeking 'extension'... wonder if BURSA and SC will allow it?!? Guess YES...
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS DURING CLOSED PERIOD
BERJAYA LAND BERHAD
Type Announcement Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS DURING CLOSED PERIOD Description DIRECT INTEREST
Further to our announcement dated 26 July 2019 on the above and pursuant to Paragraphs 14.03 and 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad in relation to dealings in the securities by Directors/Principal Officer of a listed issuer during the closed period, we wish to inform that,Tan Sri Dato' Seri Vincent Tan Chee Yioun ("TSVT"), a Director of Sports Toto Malaysia Sdn Bhd, a major subsidiary of Berjaya Land Berhad ("BLand") has dealt in the shares of BLand as set out in the table below.
DIRECT INTEREST - acquired through open market
Name of Affected Person Date Price per share No. of shares acquired % of Ordinary shares Tan Sri Dato' Seri Vincent Tan Chee Yioun 5.8.2019 RM0.16 2,500,000 0.05
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
BERJAYA LAND BERHAD
Particulars of substantial Securities Holder
Name TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares
Details of changes
No Date of change No of securities Type of Transaction Nature of Interest 1 02 Aug 2019 10,000,000 Acquired Direct Interest Name of registered holder Tan Sri Dato' Seri Vincent Tan Chee Yioun Address of registered holder Level 12 Berjaya Times Square No. 1 Jalan Imbi 55100 Kuala Lumpur Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Direct interest - Acquisition of shares via open market Nature of interest Direct Interest Direct (units) 79,150,400 Direct (%) 1.586 Indirect/deemed interest (units) 4,156,086,872 Indirect/deemed interest (%) 83.298 Total no of securities after change 79,150,400 Date of notice 02 Aug 2019 Date notice received by Listed Issuer 05 Aug 2019
Remarks : Indirect Shareholdings No. of shares ------------------------------ -------------------- 1) Berjaya Corporation Berhad 188,064,000 2) Teras Mewah Sdn Bhd 1,175,288,914 3) Juara Sejati Sdn Bhd 1,454,341,000 4) Bizurai Bijak (M) Sdn Bhd 654,486,220 5) Prime Credit Leasing Berhad 14,528,532 6) Inter-Pacific Capital Sdn Bhd 81,000,000 7) Inter-Pacific Securities Sdn Bhd 100,000,000 8) Rantau Embun Sdn Bhd 40,000,000 9) Berjaya Group Berhad 64,286,400 10) Berjaya Hills Resort Berhad 64,319,850 11) Berjaya Sompo Insurance Berhad 42,124,080 12) Desiran Unggul Sdn Bhd 224,000 13) Hotel Resort Enterprise Sdn Bhd 56,600,000 14) Berjaya Times Square Sdn Bhd 55,881,000 15) Berjaya Bright Sdn Bhd 88,083,000 16) B & B Enterprise Sdn Bhd 768,700 17) Berjaya VTCY Sdn Bhd 59,891,176 18) MOL.com Sdn Bhd 2,200,000 19) Berjaya Retail Sdn Bhd 14,000,000 ---------------------- 4,156,086,872 =============
I really want to exit bjland. No confidence as it keep creating new low past 10 years. Actually, what does u guys think ? A few stocks that were previously in low public shareholding were hlcap which delisted now. Kretam and ytlland still hanging in the air. Old town delisted. Unisem, no clues. Any of u sifu can digest how high the possibilities of bjland being privatised? How much u think vt will pay for it?
Vt is aplying for extension of time to comply...if he want to privatise ..he need extension of time too. It doesnt mean sc will lower the limit for him . If sc dun extend time,vt might not hav time to privatise.its a good sign vt is further accumhlating today.
Freetospeak, I share the same view, it's looking more positive :)
------------ freetospeak Vt is aplying for extension of time to comply...if he want to privatise ..he need extension of time too. It doesnt mean sc will lower the limit for him . If sc dun extend time,vt might not hav time to privatise.its a good sign vt is further accumhlating today. 05/08/2019 8:13 PM
My fellow minority shareholders, don’t be neive to think that any action will be taken becoz of your compliant! Also don’t be chaildish to imagine that VT must privatise to fulfill shareholding spread coz he can easily do a 10% private placement to friendly party to fulfill that. On the other hand, by virtue of his buying, surely he don’t intend to buy for lossing money! He must hv known the fact that the foriengn selling is near end or he needed the price for his own position! So is perfectly safe to follow him in now! For those who have no corporate knowledge, is better dont say so much for misleading guidance pl!
he can easily do a 10% private placement to friendly party to fulfill that? What price can he offer? Higher than 0.16 ? Then he does not need to buy at 0.16 loh!
Correctloh...keep complaining to SC and Bursa loh...!!
Ask ur wife, brother, sister, children, relative and friend to help mah......!!
Keep emailing to sc & bursa loh....remember to cc....to newspaper like star, straits time, sinchew, edge, focus, berita harian also mah....!!
Posted by Bullwinds > Aug 5, 2019 9:53 PM | Report Abuse
My fellow minority shareholders, don’t be neive to think that any action will be taken becoz of your compliant! Also don’t be chaildish to imagine that VT must privatise to fulfill shareholding spread coz he can easily do a 10% private placement to friendly party to fulfill that. On the other hand, by virtue of his buying, surely he don’t intend to buy for lossing money! He must hv known the fact that the foriengn selling is near end or he needed the price for his own position! So is perfectly safe to follow him in now! For those who have no corporate knowledge, is better dont say so much for misleading guidance pl!
Vt cannot justify placement using company own shares (bland own share},while he is quietly accumulating from the market mah...!!
He need to dispose from his own stock holding to rectify mah...!!
Posted by shortinvestor77 > Aug 5, 2019 9:57 PM | Report Abuse
he can easily do a 10% private placement to friendly party to fulfill that? What price can he offer? Higher than 0.16 ? Then he does not need to buy at 0.16 loh!
I think the real concerns, BJland share prices is 5.5 time record low below NTA and getting worst by day....minority even frustrates when a lot of good announcements made but yet did not help the share price buy keep falling.......they feels the BOD and leadership have failed to shape up BJland gorgeously with prosperity........hehehe......
if vt wanna right issue, he would hav done that on 25%,20% or 15% threshold. buying back share while issueing private placement to solve buying back share problem is contradicting u know....funny...
VT acquire 12.5m share (0.25%) thru open market, VT is not here to support the price, he jus wait for the prey to sell during this bad market sentiment.
Where all the promoters, fotune master and technical trend master?? need your input urgenty cause I got a feeling BJland already in party fever mode liao....why ah??...hehehe.....
Ask MSWG to speed things up with Bursa/SC for the benefits of all..somebody to alert relevant authorities on this matter!
"The move by the Singapore Exchange (SGX) to allow independent shareholders, including minority ones, a better exit value is worth considering in the context of Malaysian delisting rules, according to the Minority Shareholders Watch Group (MSWG).
Analysts agree that minority shareholders, among others, would secure a better deal in the form of higher premium payments from bidders when taking a listed firm private if the delisting rules were to be amended in line with the city-state."
No use to complain to mswg. If j remember correctly , petaling tin was privatised at 60% discount to it's fair value, which I think around 0.40. Many complaints and yet nothing happen.
If we put bjland into the same scenario, assuming bjland fair value at 0.85, at 0.155 now, it is 82 % discount. Worst scenario, we don't have any big player behind the remaining 15% floating shares to represent us.
Unlike Hong leong capital, privatise offer 1.8 was rejected due to yu kuan huat behind it and price rose to rm 9 in short period time.
i had some experience with a delisted company, UNICO which delisted after take over by IOI. For some reason , i didn't accept offer by that time. Along this few years, I still received dividend and better offer to buy my share from IOI even the company was delisted.
So back to BJLAND case, do you believe VT will be generous to minority?
skyu, 95% is the share he control after his MGO at 90%.
As of Aug 10, Chen controls some 95.9% of Petaling Tin. On May 31, the tycoon offered to buy the 34.58 million shares or a 9.998% stake in Petaling Tin that he does not own back then, at 40 sen per share or a total of RM13.83 million.
stahl2017, if u did not accept the offer, u still receive dividend? what is the discount to the fair value of unico that time ? if u want to sell your shares in unico now , can u still proceed? sorry I have no experience at all in this.
yes, I still receive dividend , and IOI send me offer letter to buy my share, so I still can sell my share to IOI but not on open market. All subject to the major shareholder.
Reference is made to your email on the above matter.
We have escalated the complaint to our line department concerned for their further action and we will revert to you with the findings upon receipt of the same from the division.
In the meantime, should you have any queries, please do not hesitate to contact us at +603-2732 0067.
Great learning case stahl2017. But, the dividend u received is by which entity? Ioi? Since I had absorb all unico debt and business if there is any debt.
Based on the evaluation by icon8888 in 2016, the intrinsic value of Bjland should be around 92 sen (https://klse.i3investor.com/blogs/icon8888/99941.jsp). I reckon the value should be much higher as the land evaluation is based on net book value but not gross development value. The value of land also has not been reevaluated for many years. 30 sen is unfair and unreasonable. Also, hope that VT would exercise the delisting nicely by offering a good exit point to general minority. Otherwise, no one would be interested in any of his future IPOs when name is bad on internet. There is no legacy but shame with tainted name and non-performing companies, even just to be the crony of Dr. M.
Also, It is necessary to keep up the pressure by sending the relevant complaints to various authorities, including newspaper. It is nothing to do with naivety. There are the legal channels and valid complaints that should be treated seriously. When increasing number of complaints received, these authorities have to escalate the matter. In comparison, i feel it is not right to throw rotten eggs to BOD or held a demonstration during AGM to have our voice heard, as they are not proper channels of complaints, regardless whether they are effective or not.
Kakaka. To me? 30 cents might considered jackpot. I don't think vincent tan caee about what is the minorities said about him. His business still run as usual.
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....
Bettyem
655 posts
Posted by Bettyem > 2019-08-05 18:37 | Report Abuse
Why not...just mirror Tony's idea "Now Everybody Can Stay" to Enjoy Berjaya's Hospitality & Food?. It will be a great marketing exercise to promote Berjaya's hotels worldwide & provide much goodwill. Can send the free stay vouchers with the coming Annual 2019 Report?