JELI (March 7): The East Coast Rail Link (ECRL) project which is expected to be completed in 2026 has reached a progress rate of nearly 21% so far, said Malaysia Rail Link Sdn Bhd (MRL) chairman Tan Sri Mohd Zuki Ali.
Mohd Zuki said although the percentage indicated that the project is ahead of schedule, it is still a long way to go. He added that there are several issues such as land acquisition and site clearance that need to be solved.
“The most critical issue includes the approval from state governments on section A (Kota Bharu to Dungun), B (Dungun to Temerloh) and C (Temerloh to Port Klang), where we are still awaiting the approval from the Selangor state government.
"If we get the approval then the entire ECRL project will be able to be implemented (immediately) and to ensure that it does not fall behind schedule," he told reporters after visiting the Armed Forces Family Housing (RKAT) project site here today.
Also present was Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed.
On the participation of local contractors in the ECRL project, Mohd Zuki, who is also the Chief Secretary to the Government said it had so far reached 12% of the 40% target set by MRL, adding that more local contractors are expected to participate when the project’s civil works fully opened.
Eden has about 450 acres valued at RM165 million as at 31-12-2017....but only 15.79 acres was compulsory acquired by the Govt for RM16.7 million on 28-02-2020 and Eden price shot up above 20cts....confirmed rumours are about 230 acres around Kuantan Port City belonging to Eden will be needed to compulsory acquired by the Govt soon for a sum of at least RM150 to RM200 million for the ECRL.....so once announced Eden will be at least 30cts above and the warrant 10cts easily
fl888 If sum of RM150-200m, then the company can settle its loan of RM50m. Then balance RM100-150m used for distribution of dividend also not dim. RM0.25 to RM0.30 net cash.
Earlier on got a finance bankground investor mentioned this company actually near to PN17: 1) Net current liabilities 2) Going concern - material uncertainty highlighted by Auditors
Datin Fara Nadia is daughter of current chairman Tan Sri Abdul Rahim which already 70+ above while Datin Fara only Age 44. Purely from family succession, unless there is something firm and stable then only you will dare to give to your children.
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....
TtreeInvestor
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Posted by TtreeInvestor > 2021-03-05 16:10 | Report Abuse
1.3m units mother shares. Earlier on only 1m units.