Ganesh Sahathevan

On 8 October 2007, Vincent Tan's THE EDGE (see VT's CV at http://www.ascotsports.com/help/d.asp?show=about) reported: On the home front, BLand owns some strategic pieces of land, chiefly the Selangor Turf Club(STC) in Sungai Be si and huge plots in Taman TAR and Bukit Jalil. It also has a 48.76% stake in Berjaya Sports Toto that is valued at over RM3 billion. (Cover Story: Berjaya on the mend,By M Shanmugam 8 October 2007,The Edge Malaysia (Weekly) (for background see story at http://sahathevan.blogspot.com/2007/10/is-selangor-dato-vincent-tan.html) On or about the same time, Berjaya Land share price spiked. (See graph at http://biz.thestar.com.my/marketwatch/images/9042191.gif) Subsequent to THE EDGE story stock broking houses have begun to incorporate the Turf Club land in their valuations of Berjaya Land (see story below) Meanwhile, nowhere in Berjaya Land's most recent audited accounts is there any mention of the Turf Club land. The Star Online Wednesday October 31, 200

On October 13 2007 just prior to the Australian Civil Aviation Authority granting AirAsia X its Australian Air Operators Certificate, it was reported that 2 investors, Japan's Orix and another from Bahrain (variously named "Manama", "Perigon Capital", a "private equity fund") were to invest USD 75 million(USD 37.5 million each) for stake of 10% each in AirAsia X.(http://www.iht.com/bin/printfriendly.php?id=7875790) ORIX was asked how they came to value a 10% stake in AirAsia X at USD 37.5 million, just a few months after Richard Branson paid USD 7.2 million for a stake of the same quantity. ORIX's response: Dear Ganesh, As you mentioned, this bit of information seems to be in circulation; however, this has not been confirmed by ORIX. Therefore we have no further comments on this matter. Best regards, Yui Takamatsu (for ORIX) ORIX is a public company listed in Tokyo with continuous disclosure requirements in Japan and in the US, unlike AirAsia X and