Zelan: Receives demand notices for RM108.0m over Meena Plaza job. The Abu Dhabi branch of Zelan Holdings (M) SB (ZHSB), which is a wholly-owned subsidiary of Zelan, has received two notices of demand from Meena Holdings LLC for a combined AED92.5m (RM108.0m). (Financial Daily)
KUALA LUMPUR: Zelan Bhd’s wholly-owned subsidiary Zelan Construction Sdn Bhd (ZCSB) has bagged a RM307.37 million contract from Zelan’s 95%-owned unit Terminal Bersepadu Gombak Sdn Bhd to be the main contractor for the development of the Gombak Integrated Transport Terminal (GITT) in Selangor.
KUALA LUMPUR: Zelan Bhd’s wholly-owned subsidiary Zelan Construction Sdn Bhd (ZCSB) has bagged a RM307.37 million contract from Zelan’s 95%-owned unit Terminal Bersepadu Gombak Sdn Bhd to be the main contractor for the development of the Gombak Integrated Transport Terminal (GITT) in Selangor.
jayawin 1st quarter of 2016 will report loss again It is abite early to conclude loses since the report says: The group's result for the first quarter of financial year 2016 will be* impacted * by additional finanance cost on the discounty of receiveables on the Project on Abu Dhabi as disclosed in note 9 above.
It may drops to 22.5ct and rebounds to 24cts since the nta is 24cts.It had successfully clamped afew new projects recently and executed well by the new management except Middle East unforceeded bad turndown.To buy or sell is your choice !!!!!!!!!!!!!!!!
To spend 27 million and bring back the 108.1million is still a good deal.The actual cash money to claimed back is 108.1million-27.6 million=80.5million which is a big receiveable cah follow .If Zelan succeed in claiming back the amout through ICC,it is not wrong on the spending.Infact,it is a very tough job 1
Down 2 sen... What's wrong now? The comment from @Henly30a - I hope he or someone can help explain what the problem is with Zelan. I don't have any, but this is one of the counters that I've been watching.
Big Drop???I am holding one million shares at 25cts for 2 years .I didn't sell any even at price 18cts Furthermore.MMc the major share holder is holding 39.25% is not selling to avioid trigger margin call and force selling.So,who is the seller to drive down the price drastically????????????????
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....
paperplane2016
21,664 posts
Posted by paperplane2016 > 2016-02-02 22:27 | Report Abuse
Up? Where??