Berjaya Cap

[DenLee]

It was an M&A happening again.  Berjaya Corp is taking Berjaya Capital private by offering RM3 per share.  Of course it's the premium to the market price.  any one got the carrot?

[Nanzhan]

Vincent Tan had always subsidised his subsidaries with Berjaya Toto.  This time around, BCap must be very profitable for him to do that.  Anyway, I didn't keep his share.   

[grahamsmun]

Vincent Tan is really savvy in the earlier days when mkt price is high he distribute his share to public at high price.
When share price is low and undervalue he buy back all!
Bjcap is cash rich as it has accumulated alot of cash through disposal of Dunbush,Cosway,Intan,Nextnews and 30% of insurance business.

Vincent Tan do not need to come up with money to privatise bjcap bcos the cash from bjcap alone is more than enough!

[e.capitalist]

Does the KLSE regulator allow them to do so?
What are the structure list for the Berjaya Capital holding?

[grahamsmun]

As long as he follow the privatisation procedure of Bursa & securities commission nothing can be done unless he received acceptance less than 75% of the shareholding.
Bjcorp is privatising Bjcap in this exercise !