Meena indeed seek Abu Dhabi court injunction to stop International court award of RM 300 million but is failed . Refer latest FY19 Q4, zelan is in the process of registering the award in Abu Dhabi court n thereafter to proceed with the execution proceedings against the project owner .
Previous GM- Finance whom is handled Meena case is transferred to other MMC subsidiary company in 2015 after Meena is agreed to make payment and project to resume .
MMC is transferred her back to Zelan in 2019 , current position is COO.
WZSATU is partner with SE One sdn bhd in mining Bauxite , not Tanah Makmur . Spring Energy is 60 % subsidiary of Tmakmur Bhd at that time . After listing is failed should be less % ...
Warren Buffet said when you buy a stock you are either buying the whole company or bit and pieces of the company
So Calvin and friends invested in Tmakmur Agong 1st offered to take Tmakmur private at Rm1.80. Finally he increased it to Rm1.90 to take Tmakmur private
Same for Wzsatu. Agong 1st bought 3.6% of Wzsatu in year 2014. Latest after 5 years on 2nd December 2019 annual report Agong has increased his stake in WZSatu to over 9%
Whether Agong bought 43 millions or 9% or whole company only shows that he has put his confidence in WZSatu
It is difficult to push price up now... Need to wait next news or announcement... Sydicate is not in this stock now... Calvin alone is not power enough... Let wait...
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....
calvintaneng
56,561 posts
Posted by calvintaneng > 2020-06-28 17:37 | Report Abuse
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