Hi guys

I had warned about Sendai operating in Middle East And Unable to Get Its IOUs Paid

See

There is a 50/50 chance that Sendai might go bankrupt like LCL in Middle east (Calvin Tan Research)

Author: calvintaneng   |    Publish date: 

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2017-09-14-story-h1451467356-There_is_a_50_50_chance_that_Sendai_might_go_bankrupt_like_LCL_in_Middl.jsp

AND SENDAI COLLAPSED FROM1.50 TO WELL BELOW 40 SEN NOW

AFTER SENDAI NOW IS ZELAN'S TURN (THIS IS WORST. NOT JUST RECEIVBLES UNPAID. BUT OUTRIGHT COURT CASE!)

But Zelan already won Rm300 Millions Court Case against Meena Holdings Lld (Actually Gone case already!)

MEENA HOLDINGS LLD IS AN EMPTY SHELL

Why is it so?

Meena asks for 60-day extension

IT HAS NO MONEY TO PAY PROGRESS BILLING FOR MEENA PLAZA IN YEAR 2014/5

AND THAT WAS THE REASON WHY ZELAN WENT TO COURT

MEENA HOLDINGS LLC EVEN FAILED TO GET BRIDGING LOAN FROM BANK TO PAY PROGRESSIVE PAYMENTS THEN

SINCE IT HAS NO MONEY THEN HOW WILL ZELAN GET THE RM300 MILLIONS

AND LOOK AT THE STRUCTURE OF ITS SET UP

READ AGAIN

Limited Liability Company - LLC -

A LIMITED LIABILITY COMPANY CAN BE A ONE MAN SHOW OR MORE & ITS PAID UP CAPITAL COULD BE AS LOW AS RM2 IN MALAYSIA

SO LONG TIME SINCE YEAR 2015 ALL THE MONIES IN MEENA HOLDINGS LLC WOULD HAVE BEEN DIVERTED OUT

AND IT IS NOW AN EMPTY SHELL LEFT

SO WITH MEENA HOLDINGS LLC OUT OF ACTION ZELAN SHOULD HAVE SEIZED MEENA PLAZA AND FINISH THE BUILDING AND THEN SELL IT FOR WHATEVER IT SHOULD BE WORTH?

BUT NO MONEY LEFT IN ZELAN. ONLY A RM500 MILLIONS DEBT LOAD ON ITS NECK

SO IT DRAGGED ON AND ON FOR 5 YEARS TILL JAN 16TH 2020 THE BOMB SHELL NEWS OUT

Abandoned Abu Dhabi development to be torn down - 13 years after construction started

 

Construction on the 246,500 square metre Meena Plaza project began in 2007, but is now to be demolished before being completed

 

Authorities carried out a test to help plan the demolition of Meena Plaza on Thursday.

Construction on the 246,500-square-metre development, comprising three apartment towers and an office block, began in 2007, but was halted twice before being abandoned in 2015.

The Department of Municipalities and Transport issued a notice ahead of the planned demolition test, telling residents living nearby to expect some noise beginning at 9am.

“This may lead to some relatively strong noise, which may be heard by those in the vicinity,” Abu Dhabi Government Media Office tweeted late on Wednesday.

The pilot test was to assess the amount of explosive material that would be required to demolish the structures, as well as determining protection specifications for volatile substances, measuring noise levels and analysing the vibrations caused by the explosion.

Meena Plaza was supposed to include luxuries such as a ­helipad sunbathing deck, a covered spa and wading pool and a private medical centre.

But in November 2012, work was stopped after the project’s owners and builders became embroiled in a dispute.

Construction was due to begin again in October 2014, but the work was never completed.

In 2015, the Malaysian construction company appointed to build the towers announced it was pulling out because it had not been paid.

The buildings stood half-finished for years at the end of the Corniche – a rare eyesore on Abu Dhabi’s skyline.

According to the emirate’s 2030 Vision, the Port Zayed area was to be turned into a media hub, but that project was moved to Yas Island.

In 2018, Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, approved a major regeneration project in the Port Zayed area.

The plans included the redevelopment of fish, vegetable, wood and carpet markets to create a multi-use seafront.

The Department of Municipalities and Transport notice said the Meena Plaza demolition would be carried out to “revitalise the area in line with the new vision for the port area”.

JOHNCHEW5 IS THE MOST STUPID PERSON SO SAY


See

Posted by johnchew3 > Jan 26, 2020 10:04 AM | Report Abuse

Meena court case award RM 300 million .. money is coming just google Meena Plaza wat happen on 16/1/2020... good news...

WHAT HAPPENED ON JAN 16 2020 WAS EXTREMELY BAD NEWS FOR ZELAN

Read what This Mad Fella Posted

just google Meena Plaza wat happen on 16/1/2020... good news... (By Johnchew3)

NOW IS THE TIME TO SELL ALL ZELAN BEFORE LIQUIDATORS COME

Best regards to all at i3 Forum

Calvin Tan 

Please buy/sell after doing your own due diligence

In doubt please consult your remisier or fund manager