aiaili maybe his strategy leh.. who know?
07/02/2020 2:27 PM
Stupid idiot strategy. Kikiki

Klse index is moving up

earlier project funding agreement is not totally benefit EKOVEST. No harm for EKOVEST.

He was speaking to reporters here today after witnessing the signing of a new project funding agreement by the Federal Government, Sarawak state government and DanaInfra Nasional Bhd for the Sarawak portion of the Pan-Borneo Highway and a mutual termination letter to cancel the earlier project funding agreement.

In a statement yesterday, Lim said the Finance Ministry was very concerned with the outbreak of the coronavirus which had affected the economy in general, and the tourism sector in particular.

https://m.malaysiakini.com/news/509864

You will gain above 4% gain, if you buy now

It's time to rebound

Will rebound soon. Players will buy all below 0.70

The operators will buy in huge. Ekovest will fly.
This is the point.

The issue is the biggest bandar Malaysia project related to EKOVEST. The related news will announce soon.

It's just a dispute, not a big issue

ECSB claims for general damages
By Alvin Tang - July 5, 2019
Share
Tweet
Share
Pin
KUCHING: Ekovest Construction Sdn Bhd (ECSB) has claimed for general damages from Samling Resources Sdn Bhd (SRSB) for what it claimed as “wrongful termination” of the joint venture and shareholders agreement they have entered into in relation to jointly undertake the Pan Borneo Highway project.

The wholly-owned subsidiary of Ekovest Bhd (Ekovest) has served a notice of arbitration to commence arbitration proceedings against SRSB, Ekovest said in a filing with Bursa Malaysia.

On July 2, 2019, ECSB filed a Statement of Case in relation to the arbitration proceedings, and its claims on the arbitration proceedings is premised on the followings:

• wrongful termination of the joint venture and shareholders agreement (JVA) dated Jan 6,2017 entered into by ECSB and SRSB to jointly undertake the development and upgrading of the Pan Borneo Highway Phase 1 for work package contract WPC-02 (Sematan to Sg Moyan Bridge + KSR Interchange (project) ;

• misrepresentation by SRSB to ECSB in order to induce ECSB into performing SRSB’s tasks, duties and responsibilities prior to the submission of the tender, the procurement of the project from Lebuhraya Borneo Utara Sdn Bhd (LBUSB),the project delivery partner for the project, and the consequent management of the project and all its ensuing duties and tasks;

• failure to expeditiously and diligently make the necessary prior applications for the approvals from LBUSB for the sub-contract of the project to Samling-Ekovest JV Sdn Bhd,a special purpose vehicle incorporated by ECSB and SRSB to undertake the implemention of the project (JV company) and

• in the alternative,failure to take any steps to compel LUBSB to consent to the sub-contract of the works to the JV company, which should not have been unreasonably withheld.

ECSB claims for general damages, interest and costs to be determined by the arbitrator.
Ekovest said the arbitration commenced by ECSB is not expected to have any material impact on the earnings,net assets and gearings of Ekovest and its subsidiaries for the financial year ending June 30,2020.

“The arbitration is also not expected to have material operational impact on Ekovest group,” it added.
To recap, Ekovest had said in January 2017 that the contract value of the Pan Borneo Highway work package WPC-02 which ECSB and SRSB were to jointly undertake is worth about RM2.11 billion.

The package involves a stretch of 95.4km, construction of 22 bridges,93 bus shelters, six interchanges (Lundu,Bau, Mile 41/2,6,7 and 10 Penrissen Road) and nine pedestrian bridges.

According to Ekovest, immediately upon the incorporation of the JV company (Samling-Ekovest JV Sdn Bhd),SRSB shall sub-contract the project in its entirety on a back to back basis to the JV company at the same price at which the project was awarded to SRSB (with the approval of Lebuhraya Borneo Utara Sdn Bhd if required) in order for the JV company to carry out the project as per the JVA.

Upon the execution of the JVA, the JV company shall be incorporated and shall have an authorised share capital of RM1 million divided into one million ordinary shares of RM1 each
06/02/2020 9:43 PM

Old story. Pan Borneo Highway project retender is a good news for EKOVEST.

ECSB claims for general damages
By Alvin Tang - July 5, 2019
Share
Tweet
Share
Pin
KUCHING: Ekovest Construction Sdn Bhd (ECSB) has claimed for general damages from Samling Resources Sdn Bhd (SRSB) for what it claimed as “wrongful termination” of the joint venture and shareholders agreement they have entered into in relation to jointly undertake the Pan Borneo Highway project.

The wholly-owned subsidiary of Ekovest Bhd (Ekovest) has served a notice of arbitration to commence arbitration proceedings against SRSB, Ekovest said in a filing with Bursa Malaysia.

On July 2, 2019, ECSB filed a Statement of Case in relation to the arbitration proceedings, and its claims on the arbitration proceedings is premised on the followings:

• wrongful termination of the joint venture and shareholders agreement (JVA) dated Jan 6,2017 entered into by ECSB and SRSB to jointly undertake the development and upgrading of the Pan Borneo Highway Phase 1 for work package contract WPC-02 (Sematan to Sg Moyan Bridge + KSR Interchange (project) ;

• misrepresentation by SRSB to ECSB in order to induce ECSB into performing SRSB’s tasks, duties and responsibilities prior to the submission of the tender, the procurement of the project from Lebuhraya Borneo Utara Sdn Bhd (LBUSB),the project delivery partner for the project, and the consequent management of the project and all its ensuing duties and tasks;

• failure to expeditiously and diligently make the necessary prior applications for the approvals from LBUSB for the sub-contract of the project to Samling-Ekovest JV Sdn Bhd,a special purpose vehicle incorporated by ECSB and SRSB to undertake the implemention of the project (JV company) and

• in the alternative,failure to take any steps to compel LUBSB to consent to the sub-contract of the works to the JV company, which should not have been unreasonably withheld.

ECSB claims for general damages, interest and costs to be determined by the arbitrator.
Ekovest said the arbitration commenced by ECSB is not expected to have any material impact on the earnings,net assets and gearings of Ekovest and its subsidiaries for the financial year ending June 30,2020.

“The arbitration is also not expected to have material operational impact on Ekovest group,” it added.
To recap, Ekovest had said in January 2017 that the contract value of the Pan Borneo Highway work package WPC-02 which ECSB and SRSB were to jointly undertake is worth about RM2.11 billion.

The package involves a stretch of 95.4km, construction of 22 bridges,93 bus shelters, six interchanges (Lundu,Bau, Mile 41/2,6,7 and 10 Penrissen Road) and nine pedestrian bridges.

According to Ekovest, immediately upon the incorporation of the JV company (Samling-Ekovest JV Sdn Bhd),SRSB shall sub-contract the project in its entirety on a back to back basis to the JV company at the same price at which the project was awarded to SRSB (with the approval of Lebuhraya Borneo Utara Sdn Bhd if required) in order for the JV company to carry out the project as per the JVA.

Upon the execution of the JVA, the JV company shall be incorporated and shall have an authorised share capital of RM1 million divided into one million ordinary shares of RM1 each

https://www.newsarawaktribune.com.my/ecsb-claims-for-general-damages/

Closed at rm0.705 Well done, up 2.92%.
Keep it up before more good news out.

British scientists make breakthrough in race for a vaccine against the deadly Wuhan coronavirus with trials on animals to begin NEXT WEEK
By Stephen Matthews Health Editor For Mailonline and Sam Blanchard Senior Health Reporter For Mailonline and Connor Boyd Health Reporter For Mailonline
17:15 GMT 05 Feb 2020 , updated 20:38 GMT 05 Feb 2020

https://www.dailymail.co.uk/health/article-7970217/British-scientists-make-breakthrough-race-vaccine-Wuhan-coronavirus.html

IWCITY started to fly

Klse index flying high, is time for bm project related EKOVEST to fly now.

Next will be 0.80

Warriors88 Will break 0.70 soon.
05/02/2020 9:07 AM

Anything to do with ekoves?

Franky foo face in the comment of klsescreener comments

https://www.klsescreener.com/detail.php?code=8877

Shouldn't vote the idiot in pru 15 anymore.
They are really sohai only interested for political only. Every day talk about politic.

Shouldn't vote the idiot in pru 15 anymore.
They are really sohai only interested for political only. Every day talk about politic only.

China doing a good job to over calm coronavirus.
Ours still like a stupid idiot.
Vote opposition in pru 15

Good

SSE Composite Index
000001 (SHA)
2,828.75Price increase45.47 (1.63%)
5 Feb, 11:30 am GMT+8 - Disclaimer

Gain profit till rm 1 is still nothing surprise for EKOVEST, if invest in long term. Above rm 2 then you you decide.

13% gain for EKOVEST is nothing

Not so fast to cut win.

EKOVEST go continue to go uptrend.
Good luck.
Gong xi fatt cai

Good news coming too.

Will break 0.70 soon.

roger3210 early morning index up 12pts, im sure it is not sustainable later after lunch, dont forget virus outbreak getting worse, this is a dead cat rebound, Eko will turn red at closing.
04/02/2020 9:47 AM

Warriors88 If today go red, i will disappear in ekovest forum, if today go green, roger3210 must get lost from EKOVEST forum.
Be a gentleman Roger3210, lets take the bet.
04/02/2020 9:56 AM


You can get lost from EKOVEST forum tomorrow. Roger3210
04/02/2020 2:45 PM


roger3210 many stocks that rebound strongly yesterday up more than eko today ! nothing to shout. Eko will give up all gain near closing
04/02/2020 2:52 PM

Make sure the stray dog roger3210 get lost from here tomorrow.
Hahaha
04/02/2020 2:56 PM

Roger3210 is a stupid poor stray dog.
04/02/2020 3:11 PM

Please get lost from EKOVEST forum, dear roger3210.
Poor stray dog
04/02/2020 3:46 PM

Warriors88 I make sure close at 6.80
04/02/2020 4:46 PM
X
Warriors88 Roger3210 poor stray dog, please get lost.
04/02/2020 4:47 PM
X
Warriors88 If roger3210 poor stray dog no money to buy, don't stop my investment
04/02/2020 4:49 PM

Close and up 4.62% at rm 0.68 presently, roger3210 poor stray dog can get lost now.
04/02/2020 4:53 PM

Roger3210 poor stray dog must get lost forever. Lots of investors miss the 13% gain in 2 days.

Gain 13% in 2 days

roger3210 early morning index up 12pts, im sure it is not sustainable later after lunch, dont forget virus outbreak getting worse, this is a dead cat rebound, Eko will turn red at closing.
04/02/2020 9:47 AM

Warriors88 If today go red, i will disappear in ekovest forum, if today go green, roger3210 must get lost from EKOVEST forum.
Be a gentleman Roger3210, lets take the bet.
04/02/2020 9:56 AM


You can get lost from EKOVEST forum tomorrow. Roger3210
04/02/2020 2:45 PM


roger3210 many stocks that rebound strongly yesterday up more than eko today ! nothing to shout. Eko will give up all gain near closing
04/02/2020 2:52 PM

Make sure the stray dog roger3210 get lost from here tomorrow.
Hahaha
04/02/2020 2:56 PM

Roger3210 is a stupid poor stray dog.
04/02/2020 3:11 PM

Please get lost from EKOVEST forum, dear roger3210.
Poor stray dog
04/02/2020 3:46 PM

Warriors88 I make sure close at 6.80
04/02/2020 4:46 PM
X
Warriors88 Roger3210 poor stray dog, please get lost.
04/02/2020 4:47 PM
X
Warriors88 If roger3210 poor stray dog no money to buy, don't stop my investment
04/02/2020 4:49 PM

Close and up 4.62% at rm 0.68 presently, roger3210 poor stray dog can get lost now.
04/02/2020 4:53 PM

Warriors88 I make sure close at 6.80
04/02/2020 4:46 PM
X
Warriors88 Roger3210 poor stray dog, please get lost.
04/02/2020 4:47 PM
X
Warriors88 If roger3210 poor stray dog no money to buy, don't stop my investment
04/02/2020 4:49 PM

Close and up 4.62% at rm 0.68 presently, roger3210 poor stray dog can get lost now.

If roger3210 poor stray dog no money to buy, don't stop my investment

Roger3210 poor stray dog, please get lost.

I make sure close at 6.80

Roger3210, if you are not a millionaire just a poor stray dog, please get lost from here. Millionaire won't listen to poor stray dog.

Let's see

roger3210 sell down coming !!!
04/02/2020 4:18 PM

Warriors88 I promise EKOVEST won't sell down today
04/02/2020 4:32 PM

I promise EKOVEST won't sell down today

EKOVEST up 4.62% presently, the poor stray dog roger3210 can get lost now

Roger3210 is the poor stray dog, no quality to work with lim kh