this company will steal your money.. never ever buy this shit stock..

my advice is do not buy this rubbish stock... this is fake company

everyday is low day

stock sampah... pls sell it.

today dont have additional listing.. wierd..

damm anwar.. announce to take government

Sell..sell sell.

Everyday down.. Dead counter

Must go agm.. Terminate old management

Recent Development in respect of the Adjudication Proceedings under Construction Industry Payment and Adjudication Act 2012 (“CIPAA”)



By way of background, MHB’s fully owned subsidiary company, Malaysia Marine and Heavy Engineering Sdn. Bhd (“MMHE”) commenced two (2) separate adjudication proceedings under CIPAA against E.A Technique (M) Berhad (“EAT”) for additional work performed under the Contract pursuant to Additional Work Orders (AWOs). In the first Adjudication proceedings, it was determined by the Adjudicator on 27 May 2019 that MMHE is entitled to payment in the principal sum of USD21,520,006.38 together with interests and costs (“1st CIPAA Decision”). In the second Adjudication proceedings, it was determined by the Adjudicator on 4 December 2019 that MMHE is entitled to payment in the principal sum of USD6,066,995.71 together with interests and costs (“2nd CIPAA Decision”).



EAT applied to the High Court to set aside and/or stay the 1st CIPAA Decision and 2nd CIPAA Decision pending the disposal of arbitration proceedings. In turn, MMHE applied to enforce the 1st CIPAA Decision and 2nd CIPAA Decision.



It has been brought to our attention by MMHE’s solicitors, Messrs Mohanadass Partnership, that EAT’s application to set aside the 1st CIPAA Decision has been dismissed and, in turn, MMHE’s application to enforce the 1st CIPAA Decision allowed by the Kuala Lumpur High Court on 1 June 2020. Full grounds of judgment of the Learned Judge, YA Dato Lim Chong Fong are expected shortly. Following this, the High Court will now proceed to hear EAT’s stay application on 13 July 2020 and directions have been given in respect of the filing and exchange of affidavits and written submissions.



In respect of the 2nd CIPAA Decision, the setting aside and/or stay application by EAT is pending before the High Court. The Case Management is fixed for 10 June 2020.



In parallel with the above, the Arbitration proceedings are fixed for Oral Submissions/Clarification on 16 June 2020. The Evidential Hearing has concluded in November 2019.





This announcement is dated 4 June 2020.

RUBBISH STOCK..

whats happened to this counter...??? anybody know??