Not many know government have direct interest in zelan. Their also put Datuk Puteh Rokiah from ministry of finance as BoD. This counter is main board company also
The Board of Directors of the Company wishes to announce that the Company had on 12 December 2019 received a notice in writing dated 12 December 2019 from Messrs. Afrizan Tarmili Khairul Azhar ("AFTAAS") on their resignation as Auditors of the Company.
The resignation of AFTAAS is due to the sanction imposed by the Securities Commission Malaysia's Audit Oversight Board prohibiting AFTAAS from accepting clients and auditing public interest entities or schedule funds for twelve (12) months.
Pursuant to Section 281(2) of the Companies Act 2016, AFTAAS's term of office shall end after twenty-one (21) days from 12 December 2019.
Save for the above, the Board is not aware of any matters that required to be brought to the attention of the shareholders of the Company.
Further announcement will be made by the Company on the appointment of a replacement Auditors in due course.
MATERIAL LITIGATION IN THE MATTER OF JOHOR BAHRU HIGH COURT SUIT NO. JA-22NCVC-137-06/2017 AND SUIT NO. JA-22NCVC-139-06/2017 BETWEEN PEMBINAAN YENG TONG SDN. BHD. AS PLAINTIFF AND ZELAN CONSTRUCTION SDN.BHD. AS DEFENDANT ZELAN BERHAD
MATERIAL LITIGATION Description IN THE MATTER OF JOHOR BAHRU HIGH COURT SUIT NO. JA-22NCVC-137-06/2017 AND SUIT NO. JA-22NCVC-139-06/2017 BETWEEN PEMBINAAN YENG TONG SDN. BHD. AS PLAINTIFF AND ZELAN CONSTRUCTION SDN.BHD. AS DEFENDANT Zelan Berhad would like to announce that its wholly owned subsidiary, Zelan Construction Sdn Bhd (“ZCSB”) was informed by its solicitors that on 19 January 2020, the High Court in Johor Bahru has delivered its decision relating to the legal suits filed by Pembinaan Yeng Tong Sdn Bhd as Plaintiff against ZCSB as follows:-
a) that the Plaintiff’s claim via Johor Bahru High Court Suit No. JA-22NCVC-137-06/2017 for the sum of RM2,276,931.68 is dismissed with cost of RM10,000.00;
b) that the Plaintiff’s claim via Johor Bahru High Court Suit No. JA-22NCVC-139-06/2017 for the sum of RM2,626,311.27 is dismissed with cost of RM10,000.00; and
c) that ZCSB’s counterclaim is allowed with losses and damages to be assessed by the High Court.
The Company will make further announcement on any material development on this matter from time to time.
MATERIAL LITIGATION IN THE MATTER AT COURT OF APPEAL PUTRAJAYA, APPEAL NO. J-02 (NCVC)(W)-276-02/2020 AND APPEAL NO. J-02(NCVC)(W)-266-02/2020 BY PEMBINAAN YENG TONG SDN. BHD AS APPELLANT AND ZELAN CONSTRUCTION SDN.BHD AS RESPONDENT
Subject MATERIAL LITIGATION Description IN THE MATTER AT COURT OF APPEAL PUTRAJAYA, APPEAL NO. J-02 (NCVC)(W)-276-02/2020 AND APPEAL NO. J-02(NCVC)(W)-266-02/2020 BY PEMBINAAN YENG TONG SDN. BHD AS APPELLANT AND ZELAN CONSTRUCTION SDN.BHD AS RESPONDENT Further to its announcement dated 4 February 2020 in relation to legal suits filed by Pembinaan Yeng Tong Sdn Bhd (‘PYT’) against Zelan Berhad’s (“Company”) wholly owned subsidiary, Zelan Construction Sdn Bhd (“ZCSB”), ZCSB has been informed by its solicitors on 10 March 2020 that PYT has filed it’s Notices of Appeal for both suits at Johor Bahru High Court Suit No. JA-22NCVC-137-06/2017 and Suit No. JA-22NCVC-139-06/2017 and both cases have now been fixed for first case management on 6 April 2020.
The Company will make further announcement on any material development in respect of this matter from time to time.
PROPOSED SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF REVENUE OR TRADING NATURE
Description ZELAN BERHAD
PROPOSED SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF REVENUE OR TRADING NATURE
The Board of Directors of Zelan Berhad wishes to announce that the Company intends to seek the approval of its shareholders for the Proposed Shareholders' Mandate for Recurrent Related Party Transactions of Revenue or Trading Nature at the forthcoming 44th Annual General Meeting of the Company.
Circular to the shareholders containing the details of the above mentioned proposal will be despatched to the shareholders together with the Company’s 2019 Annual Report in due course.
Don be sohai lah...AZRB has won the court case 5 years ago...until now still cannot enforce mah...!!
The middle east legal system are screwed mah...!!
Posted by jjohnchew > Jun 12, 2020 10:31 AM | Report Abuse
Zelan has won the Meena court case being awarded RM 300 million by International Arbitration Court. Although Meena try to stop the award by applying to local court a injunction to stop it but failed . As info the Abu Dhabi local authority intend to demolish the Meena Plaza , referred to Zelan FY19 Q4 , it is in process of register the award with local court in order to proceed with the award claim .
Bursa to temporarily suspend PN17 and GN3 classifications April 17, 2020 KUALA LUMPUR: In view of the current trying time, the Securities Commission Malaysia (SC) chairman Datuk Syed Zaid Albar announced that Bursa Malaysia will temporarily suspend Practice Note 17 (PN17) or Guidance Note 3 (GN3) classification on companies which financial positions slip into the status. “We have already allowed PN17 and GN3 companies up to 24 months to regularise their financials. “So, moving forward, in addition to this, after a discussion with Bursa, Bursa will provide companies listed on the Main Market, temporary relief from the PN17 classification in relation to certain criteria,” said Syed Zaid. The temporary relief also applied to GN3 for ACE Market-listed companies. Currently, there are 25 Main Market-listed PN17 companies and three GN3 companies on ACE Market which need to regularise their financial positions. The 28 companies now have more time to work out their regularisation plan considering they contend with challenges due to the Covid-19 pandemic, said Syed Zaid. “These measures will allow companies more time to regularise their financial positions. The period for this relaxation will be effective from April 17 this year until June 30, 2021,” he said during a virtual media briefing in conjunction with the release of the SC’s 2019 annual report yesterday. Noting that extraordinary times call for extraordinary responses, Syed Zaid said “this is not business as usual” given the unprecedented Covid-19 pandemic. He noted that the SC is deploying a wide range of regulatory tools to support the market and its participants. While the SC is doing what it can to support the businesses, we remain steadfast in ensuring investor interest is protected during this challenging time. We continue to raise investor awareness on scams, as scammers tend to target people during times of uncertainty. The SC will take a targeted approach to protect vulnerable investors and minority shareholders. I would also like to remind our intermediaries to remain vigilant and for PLCs (public limited companies) to remember their obligations to shareholders and to make timely disclosures,” he said. The regulator also assured investors that the Malaysian capital market remains fundamentally strong and is functioning in an orderly manner, supported by deep domestic liquidity and complemented by the government’s stimulus packages. As the financial system adjusts to the impact of Covid-19, Syed Zaid said the SC will continue to monitor the evolving situation in global and domestic markets, calibrate its responses and update the public accordingly.
........ baru nak hire chef wan..... barulah hidangannya lebih lazat...... tambah garam, tambah gula, tambah asam..... klu perlu tambah perisa..... baru kaw asam pedasnya.........
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kenie
1,641 posts
Posted by kenie > 2020-04-03 17:49 | Report Abuse
won or loss i don't care la not my jobs ...i just update latest news for zelan investors know only...