bladekillerdoesnt seem like it despite recent news coverage... need more concrete 'stuff' :D
linjieWe refer to the announcement made on 19 January 2011, wherein Masteel announced that the Company had entered into a Heads of Joint Venture Agreement (“JVA”) with KUB Malaysia Berhad (Company No. 6022-D) (“KUB”), a company listed in the Main Market of Bursa Malaysia Securities Berhad whereby KUB and Masteel (“Parties”) have agreed to combine their capabilities and resources to co-operate and collaborate with each other in the joint-venture company, Metropolitan Commuter Network Sdn Bhd (“MCN”) to pursue the rail transit network project in the Iskandar Development Region (“Project”) and the Parties are desirous of submitting a joint proposal for the Project to the Government of Malaysia (“Proposal”). Pursuant to Bursa Malaysia Securities Berhad's letter dated 4 August 2006, we wish to announce the status of the JVA as follows:-
MCN has submitted an updated proposal on 8th January 2015 to the Ministry of Transport. According to Yang Berhormat Datuk Seri Liow Tiong Lai, the Transport Minister, his Ministry will speed up the reviewing and updating process of the Project and recommend its re-tabling to the Economic Council by this year.
The Minister also indicated that the MCN's proposed system compliments the ongoing Gemas-Johor Bharu double tracking project, the Kuala Lumpur-Singapore High Speed Rail, Johor-Woodlands, Singapore Rapid Transit System (RTS) and the Bus Rapid Transit (BRT) system for the economic corridor.
mr xi forsee it ends up well here with masteel getting approval tp proceed with mcn, funding is a not a big issue for them, not to long, it will fly, position well before this glamorous train speed off kikikikikikiki
mr xthe 2nd steel factory will be in operation , just a couple of mths away thus expecting more revenue and more profit, the good management team will bring excellent growth going forward, monitor its uptrend, its gonna be satisfying kikikikikiki