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10,422 comment(s). Last comment by Superb99 at Dec 5, 2020 1:02 AM
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Flyinghorse
2907 posts

Posted by Flyinghorse > Dec 23, 2019 2:06 PM | Report Abuse

https://www.theedgemarkets.com/article/asm-development-countersues-econpile-almost-rm346m


BN_better
956 posts

Posted by BN_better > Dec 23, 2019 2:29 PM | Report Abuse

ASM Development countersues Econpile for almost RM346m
https://www.theedgemarkets.com/article/asm-development-countersues-econpile-almost-rm346m


Pang75
134 posts

Posted by Pang75 > Dec 23, 2019 2:39 PM | Report Abuse

吉隆坡23日讯)Maju Holdings私人有限公司旗下的产业发展商ASM Development (KL)私人有限公司(ASMDKL)反诉亿钢控股(Econpile Holdings Bhd)子公司Econpile私人有限公司,索偿近3亿4600万令吉,因该公司未能完成Maju Kuala Lumpur项目的工程。

该发展商今日发布文告指出,在Econpile未能完成价值2亿8000万令吉的打桩工程,并于今年3月宣布自决,因而提出了反诉。

代表律师Edwin Lim & Suren律师事务所于11月28日入禀吉隆坡高庭提起反诉。

由于Econpile无法完成该项目,ASMDKL列出了13项损害赔偿和费用索赔。

ASMDKL的反诉包括索偿3380万令吉的整改费用,因Econpile拖延完成工程和所承接工程存在缺陷,导致该产业发展商接管了Econpile留下的工程。

ASMDKL表示,该公司还进行整改工程,建设Maju Kuala Lumpur项目的7栋豪华公寓。因此,无法按照买卖协议的规定,将空置的1403个单位移交给买家,总索赔额高达9800万令吉。

索偿还包括Econpile自3月1日起停工而产生的营运成本。

ASMDKL声称,在项目建筑师于去年4月7日向Econpile发出未完工证书后,该公司被迫聘用新的承包商来完成工程。

此外,ASMDKL还根据2017年8月25日的大宗购买协议,向Econpile董事和股东所拥有的Platinum Rhythm私人有限公司,追讨110个单位,价值近6700万令吉的款项。

之前有报道称,Econpile已采取法律行动,要求ASMDKL支付6700万令吉,作为该项目的进度付款。

“但是,ASMDKL对Econpile的行为提出质疑,因为该承包商宣布了雇佣的自决权,因此ASMDKL没有终止或对该公司采取任何行动。”

回溯今年3月,Econpile曾要求ASMDKL为Maju Kuala Lumpur提供8010万令吉,该项目据称已完成80%的工程。


eagle80
2 posts

Posted by eagle80 > Dec 23, 2019 4:20 PM | Report Abuse

should sell?


WY Chan
1379 posts

Posted by WY Chan > Dec 23, 2019 5:02 PM | Report Abuse

why bother.... when late delivery derive.... sue each other for compensation, but the gist of it still down to non payment.... there is no charity work here ok!!!!


lambsauce
321 posts

Posted by lambsauce > Dec 24, 2019 8:52 AM | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=99628&name=EA_GA_ATTACHMENTS


gggSTOCK
116 posts

Posted by gggSTOCK > Dec 24, 2019 9:13 AM | Report Abuse

no limit down?


newbie5354_
874 posts

Posted by newbie5354_ > Dec 24, 2019 9:44 AM | Report Abuse

EPF also bought Gadang so what?

lambsauce wah EPF sapu liao, buy now before too late
18/12/2019 6:19 PM


newbie5354_
874 posts

Posted by newbie5354_ > Dec 24, 2019 9:51 AM | Report Abuse

After yesterday news EPF cut loss?


newbie5354_
874 posts

Posted by newbie5354_ > Dec 24, 2019 9:53 AM | Report Abuse

EPF follow which ID to buy any1 can answer?


shawn88
164 posts

Posted by shawn88 > Dec 24, 2019 2:36 PM | Report Abuse

Already clarified the news on theedge, but theedge didn't update the real fact ...


WY Chan
1379 posts

Posted by WY Chan > Dec 25, 2019 9:05 PM | Report Abuse

maybe theedge read the fact upside down n did not clarify with econ b4 publishing this article

or maybe they paid to report thos misleading news


Miracleray
24 posts

Posted by Miracleray > Jan 3, 2020 10:15 AM | Report Abuse

Go go rm1, keep since march


WY Chan
1379 posts

Posted by WY Chan > Jan 3, 2020 2:12 PM | Report Abuse

cannot hold water..... all sudah jalan.... this one engin baru start....


WY Chan
1379 posts

Posted by WY Chan > Jan 7, 2020 11:17 AM | Report Abuse

another knn day.... cannot hold ground....


ahwong
105 posts

Posted by ahwong > Jan 7, 2020 4:43 PM | Report Abuse

given the selling pressure, i think the insiders know they lose the court case


iCE COOL
51 posts

Posted by iCE COOL > Jan 7, 2020 5:28 PM | Report Abuse

time to buy in?


WY Chan
1379 posts

Posted by WY Chan > Jan 8, 2020 11:46 AM | Report Abuse

wow.... push down to flush out panic people.....


investortrader88
2125 posts

Posted by investortrader88 > Jan 9, 2020 7:35 PM | Report Abuse

https://www.theedgemarkets.com/article/econpile-bags-rm45m-job-undertake-foundation-works-kuchai-sentral-development


Hotstuff
1399 posts

Posted by Hotstuff > Jan 9, 2020 8:57 PM | Report Abuse

more contracts to be awarded from ECRL and Bandar Malaysia. mother TP RM 1.50. son TP RM0.50


WY Chan
1379 posts

Posted by WY Chan > Jan 10, 2020 4:05 PM | Report Abuse

no eye see at alllllll.


WY Chan
1379 posts

Posted by WY Chan > Jan 10, 2020 4:15 PM | Report Abuse

heng ong huat


c2k9791
136 posts

Posted by c2k9791 > Jan 13, 2020 9:43 PM | Report Abuse

TP 0.24 --- Crazy

https://www.enanyang.my/news/20200113/%E3%80%90%E8%A7%86%E9%A2%91%E3%80%91%E4%BA%BF%E9%92%A2%E6%8E%A7%E8%82%A1-%E5%B7%A5%E7%A8%8B%E5%90%88%E7%BA%A6%E5%89%8D%E6%99%AF%E7%96%B2%E5%BC%B1/


Shinnzaii
3057 posts

Posted by Shinnzaii > Jan 14, 2020 9:03 AM | Report Abuse

Construction index need some sentiment ...hehe


WY Chan
1379 posts

Posted by WY Chan > Jan 14, 2020 9:38 AM | Report Abuse

one day up.... then people will share bad news....

What are the actual numbers...... we got so many analyst which some say heaven and some say hell.....


WY Chan
1379 posts

Posted by WY Chan > Jan 14, 2020 9:52 AM | Report Abuse

Base on the last quarter report:
NTA: RM0.3019

with the current trading price of RM0.745, Econ has been traded on 2.47 times of the NTA......


gggSTOCK
116 posts

Posted by gggSTOCK > Jan 15, 2020 10:30 AM | Report Abuse

is the lawsuit againt Maju still ongoing?


WY Chan
1379 posts

Posted by WY Chan > Jan 15, 2020 10:40 AM | Report Abuse

i do agree with Tan Sri.... as the counter lawsuit is full of bullshit....

if one day ask Maju to renovate ur house n u dun pay the progress payment.... will Maju continue with the renovation work as agreement?

This lawsuit is totally a BULLSHIT!!!!


WY Chan
1379 posts

Posted by WY Chan > Jan 15, 2020 10:45 AM | Report Abuse

looks like no CNY angpow from Econ


lambsauce
321 posts

Posted by lambsauce > Jan 15, 2020 4:00 PM | Report Abuse

many traders inside this counter, up down up down many rounds liao
when govt wanna announce ecrl contracts, drag so long one


WY Chan
1379 posts

Posted by WY Chan > Jan 15, 2020 4:51 PM | Report Abuse

i think will be next week.... juz like the other concession highway take over


WY Chan
1379 posts

Posted by WY Chan > Jan 15, 2020 4:51 PM | Report Abuse

even the 5G band also take so long.....


WY Chan
1379 posts

Posted by WY Chan > Jan 16, 2020 10:03 AM | Report Abuse

smalam naik.... hari turun..... haish


ahwong
105 posts

Posted by ahwong > Jan 22, 2020 5:04 PM |

Post removed. Why?


WY Chan
1379 posts

Posted by WY Chan > Jan 22, 2020 11:00 PM | Report Abuse

cilaka counter


WY Chan
1379 posts

Posted by WY Chan > Jan 23, 2020 11:13 AM | Report Abuse

really give CNY RED..... speachless....


ahwong
105 posts

Posted by ahwong > Jan 23, 2020 3:28 PM |

Post removed. Why?


ahwong
105 posts

Posted by ahwong > Jan 24, 2020 11:35 AM | Report Abuse

有没有人和我一样持有他的warrant?


mneo
541 posts

Posted by mneo > Jan 29, 2020 6:24 PM | Report Abuse

Patient......


NGWAIKUAN
65 posts

Posted by NGWAIKUAN > Jan 30, 2020 10:20 PM | Report Abuse

What happened


apolloang
17513 posts

Posted by apolloang > Jan 30, 2020 11:54 PM | Report Abuse

dulu pilecon sudah tutup then comes the terbalik name pula


JaBerry
255 posts

Posted by JaBerry > Jan 31, 2020 10:25 AM | Report Abuse

Why dropped badly?


gggSTOCK
116 posts

Posted by gggSTOCK > Jan 31, 2020 11:59 AM | Report Abuse

Share price remains on its uptrend line and trading above key moving average line with support level at RM0.70


Daily8
3858 posts

Posted by Daily8 > Jan 31, 2020 12:26 PM | Report Abuse

huge disposal. Running away.


investortrader88
2125 posts

Posted by investortrader88 > Jan 31, 2020 7:01 PM | Report Abuse

https://www.theedgemarkets.com/article/malaysia-be-hit-harder-wuhan-virus-sars-if-outbreak-lasts-long-%E2%80%94-credit-suisse


mneo
541 posts

Posted by mneo > Jan 31, 2020 9:40 PM | Report Abuse

Don’t worry ... human will not extinct because of Wuhan virus... don’t be over pessimistic...


mneo
541 posts

Posted by mneo > Jan 31, 2020 9:41 PM | Report Abuse

:-)


Gtrade
555 posts

Posted by Gtrade > Feb 2, 2020 11:34 AM | Report Abuse

Wuhan is world biggest steel manufacturing hub. Factory and China port shutdown to affect supply chain and affect the whole world. Steel prices to shoot up like rocket. Construction company will be impacted negatively as cost start to skyrocket


mneo
541 posts

Posted by mneo > Feb 2, 2020 5:21 PM | Report Abuse

Nope... This is not the main concern ...


mneo
541 posts

Posted by mneo > Feb 2, 2020 10:39 PM | Report Abuse

China prepare 1.2 trillion Yuan for Monday market...:-)

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