Construction will continue to sleep until one day when a truly caring younger generations of politicians who've committed to the betterment of Rakyat took over... Until then, power up your 5-star fridge and keep these shares for a long sleep
Agree, we need to cut off those old parasites. Construction should be in up cycle if Malaysia is run properly. Crazy and greedy politicians need to be kicked out of the government. Hope rakyat will wake up one day.
Actually, a pure construction company is difficult to survive, because difficult to get projects all the time, wct is doing OK in diversifying their business into property development and management. I was hoping the big boss would help wct to move to greater heights. Now only can continue hoping..... Haha ha.
Reference is made to the previous announcements pertaining to the issuance of the final award of the Arbitral Tribunal in DIAC case No. 2/2009 where the Tribunal awarded to and in favour of WCT Berhad (“WCTB”), and had ordered Meydan to pay WCTB, a total of AED1,152,651,192.68 (Arab Emirates Dirham One Billion, One Hundred and Fifty Two Million, Six Hundred and Fifty One Thousand, One Hundred and Ninety Two and Fils Sixty Eight) (approximately RM1,197,258,793 [Ringgit Malaysia One Billion, One Hundred and Ninety Seven Million, Two Hundred and Fifty Eight Thousand, Seven Hundred and Ninety Three]) (“Final Award”). Since the issuance of the Final Award, WCTB had been pursuing the necessary legal proceedings for recognition and enforcement of the Final Award.
Reference is also made to the previous announcement dated 28 June 2019 pertaining to the formation of the special judicial committee (“Judicial Committee”) to resolve all pending claims and proceedings by or against Meydan (including proceedings relating to the recognition and enforcement of the Final Award).
The Board of Directors of WCT wishes to announce that WCTB had on 12 January 2021 received notification from its solicitors in Dubai that the Judicial Committee had issued its decision to uphold the Dubai Court of Appeal’s order dated 30 April 2019 (“Order”) recognizing the Final Award, dismissing Meydan’s challenge against the Order as well as dismissing Meydan’s application to annul the Final Award. WCTB will continue to pursue its legal rights in respect of the Final Award including the enforcement of the same.
Hng33.... From 2009 until now...... Still hoping for it. If can get the money, wct shareholders will be instantly richer at least two times. Haha ha...
Cool men.... I have been going through this news many times..... As dompeilee said people don't believe wct will get the money. No one buy wct because of this claim. If they announce scheduled payment agreement, haha ha... Then it will fly. Just my opinion.
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....
Sharefisher
5,470 posts
Posted by Sharefisher > 2020-12-28 07:46 | Report Abuse
Need to wait for reits issue to release the truth value of wct assets. Just hold and wait.