NETX where got RM106 million cash in bank..why always fund raising as cannot get loan from banks..

Moneykj/Moniekj Kanger blower ke...

Zelan clear last obstacle won Meena arbitration on 31/7/19 award abt rm 300 million .iium project recurring income abt 75 mil per year over 17 year effective dec 2018 . Kuala terengganu drawbridge completed on end june'19 project value rm 248 mil. Suke project rm 257 mil schedule to be completed on sept 2019. Zelan is MMC sister company .mmc boss is Tun godson

There is no appeal after one month period of court award rm 300 mil compensation...factor in issued shares is rm 0.357 ..why i3 know early ke...


Rm 0.357 + NTA 0 05 = rm 0.407 vs i3 avg tp is rm 0.41...i3 very cun cun le

X
One of budget 2020 good news which carey island port development feasibility study being kiv for years:

Developing Carey Island

The government is implementing feasibility studies for the development of Carey Island for its next growth phase to make Port Klang the Regional Maritime Center and cargo logistics hub. The government expects to spend RM8 billion to improve port infrastructure and turn Port Klang and Pulau Carey into regional maritime centres and logistics hubs.

w KUALA LUMPUR, June 3 (Bernama) -- Zelan Bhd, through its unit that holds the concession to develop the Centre for Foundation Studies (Phase 3) at the International Islamic University Malaysia's (IIUM) Gambang campus in Kuantan, Pahang, has agreed to the reduction in various costs associated with the project.

In a filing with Bursa Malaysia today, Zelan said wholly-owned subsidiary Konsesi Pusat Asasi Gambang Sdn Bhd (KPAG) entered into a supplemental agreement (SA) with the government and IIUM on May 31.

The salient terms of the SA include the revision of the total availability charges (AC) down to RM715.49 million from RM835.61 million as stated in an earlier announcement to the stock exchange, dated July 5, 2012.

Total asset maintenance services charges (AMSC) have also been reduced to RM408.16 million from RM504.68 million earlier, while the total asset management programme was revised to RM113.71 million from RM132.80 million previously.

The concession cost, meanwhile, was revised to RM359.72 million.

XXx
NOTE : recurring payment shall be effective from Dec’2018 .. which will reflect in 3rd QR...abt RM 75 million per year for 17 years..

Zelan to receive RM297.6mil compensation for Abu Dhabi project
JULY 31, 2019 @ 9:50PM
BY NST BUSINESS

Zelan Bhd’s subsidiary Zelan Holdings (M) Sdn Bhd is set to receive 264.6 million dirhams (RM297.6 million) from Meena Holdings LLC, as ordered by the International Court of Arbitration. Pix courtesy of Pexels.com
KUALA LUMPUR: Zelan Bhd’s subsidiary Zelan Holdings (M) Sdn Bhd is set to receive 264.6 million dirhams (RM297.6 million) from Meena Holdings LLC, as ordered by the International Court of Arbitration.

In an exchange filing today, Zelan said the payment was related to contract termination of two main construction packages for Meena Plaza mixed use development project in Abu Dhabi, the United Arab Emirates.

“The company is in the process of seeking advice from its solicitors on the enforcement of the arbitration award with the purpose of recovering the awarded sums,” it added.

Zelan said it had received a decision from the International Court of Arbitration via final award dated July 25.

It added that Meena’s deduction of sums in respect of obsolete cladding and thermal insulation materials, conveying materials and MEP materials were wrongful.

“Meena’s reversal of interim payment certificate (IPC) no.51 by issuing IPC 51R is invalid and wrongfully issued,” it said.

NETX shares PAR VALUE is RM 0.02.....

在2015年，NETX增加一项建议削减面值活动，把每股10仙的面值削减至每股5仙。半年后，集团再次把面值从每股5仙削减至每股2仙。一年展开两次削减面值活动在本地股市实属前所未有。同年，集团再次遭到独立审计师发表”保留意见”，显示出账目出现疑点。

NOTE : recurring payment shall be effective from Dec’2018 .. which will reflect in 3rd QR...abt RM 75 million per year for 17 years..

KUALA LUMPUR, June 3 (Bernama) -- Zelan Bhd, through its unit that holds the concession to develop the Centre for Foundation Studies (Phase 3) at the International Islamic University Malaysia's (IIUM) Gambang campus in Kuantan, Pahang, has agreed to the reduction in various costs associated with the project.

In a filing with Bursa Malaysia today, Zelan said wholly-owned subsidiary Konsesi Pusat Asasi Gambang Sdn Bhd (KPAG) entered into a supplemental agreement (SA) with the government and IIUM on May 31.

The salient terms of the SA include the revision of the total availability charges (AC) down to RM715.49 million from RM835.61 million as stated in an earlier announcement to the stock exchange, dated July 5, 2012.

Total asset maintenance services charges (AMSC) have also been reduced to RM408.16 million from RM504.68 million earlier, while the total asset management programme was revised to RM113.71 million from RM132.80 million previously.

The concession cost, meanwhile, was revised to RM359.72 million.

XXx

NOTE : recurring payment shall be effective from Dec’2018 .. which will reflect in 3rd QR...

Zelan Won Meena arbitration awarded abt RM 300 mil on 25/7/2019, which given a one month period for appeal if wish..no appeal news until now , good news is otw ....

Netx 14/10..272 mil shares..yesterday T+2 125mil shares done....TODAY force selling...beware

Zelan to receive RM297.6mil compensation for Abu Dhabi project
JULY 31, 2019 @ 9:50PM
BY NST BUSINESS

Zelan Bhd’s subsidiary Zelan Holdings (M) Sdn Bhd is set to receive 264.6 million dirhams (RM297.6 million) from Meena Holdings LLC, as ordered by the International Court of Arbitration. Pix courtesy of Pexels.com
KUALA LUMPUR: Zelan Bhd’s subsidiary Zelan Holdings (M) Sdn Bhd is set to receive 264.6 million dirhams (RM297.6 million) from Meena Holdings LLC, as ordered by the International Court of Arbitration.

In an exchange filing today, Zelan said the payment was related to contract termination of two main construction packages for Meena Plaza mixed use development project in Abu Dhabi, the United Arab Emirates.

“The company is in the process of seeking advice from its solicitors on the enforcement of the arbitration award with the purpose of recovering the awarded sums,” it added.

Zelan said it had received a decision from the International Court of Arbitration via final award dated July 25.

It added that Meena’s deduction of sums in respect of obsolete cladding and thermal insulation materials, conveying materials and MEP materials were wrongful.

“Meena’s reversal of interim payment certificate (IPC) no.51 by issuing IPC 51R is invalid and wrongfully issued,” it said.

SINCE YOU DON'T KNOW ANYTHING DON'T SIMPLY SAY NON SENSE ..

Calvin is the one.. haha

Ho ho monkeykj/moniekj blower ke...

When no more facts, Calvin will report to get my account deactive for a period .. see Netx on my reply..

When no more facts.. Calvin always report to get account deactive for a period....

Ho ho Singapore legal system like ‘tis ...

(((The Company is in the process of seeking advice from its solicitors on the enforcement of the Arbitration Award with the purpose of recovering the awarded sums.)))

NOW WHO WILL HELP ZELAN TO RECOVER THIS SUM OF MONEY FROM UAE?}}

Ho ho oredi written its solicitors whom assist Zelan won Meena arbitration..common sense la

(((The Company is in the process of seeking advice from its solicitors on the enforcement of the Arbitration Award with the purpose of recovering the awarded sums.)))

NOW WHO WILL HELP ZELAN TO RECOVER THIS SUM OF MONEY FROM UAE?}}

Next 14/10..272 mil shares..today T+2 125mil shares done....tomolo force selling...beware

Zelan won Meena arbitration..There is no appeal after one month period of court award rm 300 mil compensation...factor in issued shares is rm 0.357 ..why i3 know early ke...


Rm 0.357 + NTA 0 05 = rm 0.407 vs i3 avg tp is rm 0.41...i3 very cun cun le

Zelan won Meena arbitration on 31/7/19 with award RM 300 million.

IIUM project recurring income abt 75 mil per year over 17 year effective DEC’ 2018 .

Post removed.Why?

LCL top management same like Netx .. all 9 top management r resigned at same time.. my friend is the operation manager..

Meena is public listed on 2016..which parent company is public listed also..

Zelan had won the Meena arbitraction on 31/7/19 with award rm 300 million..

Another expected wind fall:

The Sun Daily
> Business
Zelan claims RM300m from NRY Architects
11 MAR 2019 / 20:57 H.
Zelan claims RM300m from NRY Architects
PETALING JAYA: Zelan Bhd’s wholly owned subsidiary Zelan Construction Sdn Bhd has initiated arbitration proceedings against NRY Architects Sdn Bhd, with claims amounting to some RM300 million.

In a filing with Bursa Malaysia, Zelan said the arbitration is in respect of the disputes and differences arising between the two parties in relation to the proposed development of academic buildings and college accommodation.

The academic buildings and college accommodation is part of the Centre of Foundation Studies of the International Islamic University of Malaysia (IIUM) in Kuantan, Pahang.

X
NRY Architects company is a sizeable company which hv 60 architects .

With ECRL re start..previously Zelan awarded the GITT ..terminal hub project with concession 25 years ..terminated due to ecrl..stop.. the terminal hun now relocate to Negeri Sembilan...Zelan will be benefit...

w Netx 14/10..272 mil shares..today T+2 125mil shares done....tomolo force selling...beware

Now Zelan had won the arbitration with award rm 300 mil..

Zelan , if lost arbitration what is the scenario but what is the scenerio if won arbitration: total receivable balance due is 181 mil , Drawbridge project completed in 5 year (june’19) , value 248 mil , assume balance payment 50 mil, Suke project complete in 3 year (sept’19) ,value 257 mil, assume balance payment 85 mil. iium projected 2019 income is 78 mil . Total 2019 revenue is 394 mil.assume 2019 admin expenses and finance cost is 64 mil. profit is 330 mil. 2018 borrowing is 540 mil , iium project cost is 359 mil , 540-359 =181 mil, profit =330 -181 = 149 mil . If arbitration lost scenerio: total 2019 revenue is 394-181= 213 mil, profit = 213-64=149 mil. ( no allocation to reduce borrowing yet and arbitration penalty amount). Just a assumptions calculation.
08/06/2019 6:40 AM

Since Calvin go to many others forum promote Netx ‘tis evening ...

w Zelan clear last obstacle won meena arbitration on 31/7/19 award abt rm 300 million .iium project recurring income abt 75 mil per year over 17 year effective dec 2018 . Kuala terengganu drawbridge completed on end june'19 project value rm 248 mil. Suke project rm 257 mil schedule to be completed on sept 2019. Zelan is MMC sister company .mmc boss is Tun godson

There is no appeal after one month period of court award rm 300 mil compensation...factor in issued shares is rm 0.357 ..why i3 know early ke...


Rm 0.357 + NTA 0 05 = rm 0.407 vs i3 avg tp is rm 0.41...i3 very cun cun le

X
One of budget 2020 good news which carey island port development feasibility study being kiv for years:

Developing Carey Island

The government is implementing feasibility studies for the development of Carey Island for its next growth phase to make Port Klang the Regional Maritime Center and cargo logistics hub. The government expects to spend RM8 billion to improve port infrastructure and turn Port Klang and Pulau Carey into regional maritime centres and logistics hubs.

Ho ho Singaporean calvin is a blower..

w Netx 14/10..272 mil shares..today T+2 125mil shares done....tomolo force selling...beware

Ho ho Singaporean calvin is a blower..

w Netx 14/10..272 mil shares..today T+2 125mil shares done....tomolo force selling...beware

Ho ho Singaporean calvin is a blower..

w Netx 14/10..272 mil shares..today T+2 125mil shares done....tomolo force selling...beware

Ho ho Singaporean calvin is a blower..

w Netx 14/10..272 mil shares..today T+2 125mil shares done....tomolo force selling...beware

Ho ho Singaporean calvin is a blower..

w Netx 14/10..272 mil shares..today T+2 125mil shares done....tomolo force selling...beware

Ho ho Singaporean calvin is a blower..

w Netx 14/10..272 mil shares..today T+2 125mil shares done....tomolo force selling...beware

Ho ho Singaporean calvin is a blower..

w Netx 14/10..272 mil shares..today T+2 125mil shares done....tomolo force selling...beware

Ho ho blower .. just like to report as no facts...

Ho ho Singaporean calvin is a blower..

w Netx 14/10..272 mil shares..today T+2 125mil shares done....tomolo force selling...beware

Singaporean today also go others forum to promote Netx...so hard sell n desperate...

Netx 14/10..272 mil shares..today T+2 125mil shares done....tomolo force selling...beware...

Opcom..redtone dip.....scomies same...

Singaporean tonite sleep zzzz..dont promote all night long....a dog will bark all night long...easily get burned out strees syndrome...haha

125690300 0.02..at least majority of 145 mil fr 272 mil is in singaporean....

Let see tomolo...

Overbought 100

0.065 v606k..run