BJLAND (4219) - BLand selling BToto shares at a loss after 24 years ......?


Berjaya Land made the following announcement:





In other words, BLand held some of these shares over 24 years, and sold them at a loss?

Although BLand must have received a lot of dividend from its BToto shares over the years, still, it sounds quite disappointing.

I thought the rule is "Buy low, Sell high", but BLand seems to disagree with that.

Also, why did BLand sell the shares now, at current depressed prices, when BToto was trading at a much higher price for many years?



BJLAND (4219) - BLand selling BToto shares at a loss after 24 years ......? 
http://cgmalaysia.blogspot.my/2016/06/bland-selling-btoto-shares-at-loss.html