Danny Tan is Unlocking His Private Holdings

While his brother, Vincent vacates the head honcho seat in Berjaya Corporation to Sonny boy, Robin; Danny is now moving swiftly to unlock the value of his private land holdings via a massive corporate exercise through Dijaya Corporation.

No one really can put a finger as to why he aborted the private placement of new Dijaya shares.

Suffice to say, he has now unleashed Plan B. This is an internal exercise to seek capital from its shareholders. Through this exercise, he will transfer all his private land holdings for RM250 million in cold cash and the rest through a RCULS arrangement.

So, shareholders will now be given this option: Four rights issue for every 5 existing shares held at RM1.20 and a 1 bonus share for every 4 rights issue subscribed.

So, what does it look like?

The time must surely be ripe for Danny to milk Dijaya shareholders once more.