Construction on the 246,500 square metre Meena Plaza project began in 2007, but is now to be demolished before being completed
Hi guys
I had warned about Sendai operating in Middle East And Unable to Get Its IOUs Paid
See
Author: calvintaneng | Publish date:
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?
KUALA LUMPUR: Zelan Bhd said Zelan Holdings (M) Sdn Bhd (ZHSB) had received a letter from Meena Holdings LLC (MH), requesting a further extension of 60 days for MH to comply with its obligation to provide ZHSB with a document from MH's financier. The document is to demonstrate MH's readiness of financing as supported by a signed copy of the loan agreement between MH and its financier evidencing that the financing is available for drawdown. Upon due consideration of MH's request, ZHSB has responded to MH, giving an extension of 30 days
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
Operating in the Real Estate sector, Meena Holdings LLC is a Private Limited Company that was founded in 2008 in Abu Dhabi, United Arab Emirates. The organisation is owned by Emirati based enterprises.
Meena Holdings LLC
Abu Dhabi
United Arab Emirates
Active
Limited Liability Company - LLC -
Real Estate
Office 404
Floor No 4
International Capital Trading Company Building
Sector East 14
Parcel Plot C51
Mina Street
Abu Dhabi Island
Abu Dhabi
United Arab Emirates
+971 2 673 1884
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
Construction on the 246,500 square metre Meena Plaza project began in 2007, but is now to be demolished before being completed
An abandoned Dh1 billion development that was under construction in Abu Dhabi’s Port Zayed for more than a decade will be torn down.
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.
Tomorrow morning, January 16, 2020, a pilot test for development projects will take place in the Port Zayed Area. This may lead to some relatively strong noise, which may be heard by those in the vicinity in the morning.
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Construction was due to begin again in October 2014, but the work was never completed.
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”.
Updated: January 16, 2020 05:23 PM
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
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