Thank you...mmmm......interesting....I will hold my entry ......this means the whole week , down or unchanged.........must look at next wave if any....to break its 33.5 all time high.....susah cari makan...focus on my Ideal ,hovid n IFcam then....Thanks again....
by Kamarul Anwar of theedgemalaysia.com on Wednesday, 30 July 2014 00:23
KUALA LUMPUR: Zelan Bhd is expected to bag a RM250 million contract from the East Coast Economic Region (ECER) for the construction and completion of a drawbridge connecting Muara North and Muara South in Kuala Terengganu, according to sources familiar with the bid.
my advise? honestly, cant predict future.. but just have faith ........ perhaps others can share their input.. kikiki FAITH WILL GET YOU SOMEWHERE .. haaaahaaaa
RAPID JOB ($248m) Zelan: Bags MYR248.5m Rapid job. Fresh from its restructuring exercise to trim borrowings and wipe out accumulated losses, Zelan Bhd has secured a MYR248.5m contract from Petronas to construct a jetty for the national oil giant’s refinery and petrochemical integrated development (Rapid) project in Pengerang, Johor. The jetty is intended to facilitate the import of heavy lift oversized (HLO) and super HLO equipment and materials as well as some break-bulk and containerized cargo during the implementation of Rapid. (Source: The Edge Financial Daily) NEWS: http://klse.i3investor.com/blogs/kltrader/56578.jsp
Christine: thanks hihihi Zelan will fly ! big news came ! kikiki have faith !!!! Petronas Job + ECER Job = almost half billion with improving cashflow and Abu Dhabi projects see the posted news links !!!
ZELAN SETTLES DISPUTE WITH MEENA OWNER The Edge Financial Daily
By Levina Lim of theedgemalaysia.com
Wednesday, 16 April 2014 11:39
KUALA LUMPUR: Zelan Bhd will finally get to complete the 950.03 million dirham (RM839.07 million) Meena Plaza, a mixed-use development project in Abu Dhabi in the United Arab Emirates, after settling a dispute with the project owner Meena Holdings LLC that started two years ago.
Under the second supplementary agreement signed yesterday between Zelan — via its wholly-owned unit Zelan Holdings (M) Sdn Bhd — and Meena Holdings, both parties agreed to resume work on the project in accordance with the original contract dated April 1, 2008 as if the contract had never been terminated.
Both Zelan and Meena Holdings also agreed to raise the project’s original contract price of 950.03 million dirham to 980.05 million dirham as a result of an agreed variation order for additional fit out work of 30.02 million dirham.
As such, the value of the remaining works to be undertaken by Zelan is now 515.49 million dirham instead of 464.56 million dirham as at November 2012.
In a filing with Bursa Malaysia yesterday, Zelan said Meena Holdings had agreed to pay 121.64 million dirham to Zelan within 74 days from the date of the agreement.
The payment consists of a refund of 92.5 million dirham which was paid to Meena Holdings earlier, pursuant to its demand on Zelan’s performance bond in November 2012, and outstanding progress claims for works done amounting to 29.11 million dirham due to Zelan.
In exchange for the payment to Zelan, it will provide Meena Holdings with a new performance bond of 51.55 million dirham, equivalent to 10% of the balance contract price, which is valid for 15 months.
This includes an extension of 12 months for the defects liability period, and a rectification bond of 40.98 million dirham, which is valid for 6.5 months, as performance security for the basement’s rectification works of 15 million dirham to be carried out by Zelan.
“Zelan will recommence work on the project 30 days after the payment date, and the completion period for the remaining works is 15 months from the recommencement date,” the company said.
In November 2012, Zelan received a letter from Meena Holdings, giving it 14 days’ notice to terminate the contract for Package 2 of the Meena Plaza construction and to liquidate the performance bond totalling 92.5 million dirham.
This was subsequently challenged by Zelan, which had described the termination notice as baseless and wrongful in view of the application for an extension of time submitted by Zelan prior to the notice, which had yet to be assessed and determined in accordance with the provisions of the contract.
already up 33 pct from 24 cts within a mth....They are trading at all time high now...Question now , is ................where do they want to stop ??? Ayam Tua first TP is 50 cts thats another 47 pct from today close of 34. So, esok , u sapu all on selling Q ?
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....
4u2c
3,553 posts
Posted by 4u2c > 2014-07-29 20:16 | Report Abuse
Thank you...mmmm......interesting....I will hold my entry ......this means the whole week , down or unchanged.........must look at next wave if any....to break its 33.5 all time high.....susah cari makan...focus on my Ideal ,hovid n IFcam then....Thanks again....