JHDP shall pay US$60,000 per day per unit for each day of delay after the deadline. The deadline for unit one shall be 48 months and 54 months for unit 2 after the construction start date. Subject to max of US$15m.
US60,000 penalty for one day delay?
USD15 Millions penalty max?
So in 250 days delay Jaks will reach Max penalty of USD15 Millions
That is Rm60 millions for One Unit. For 2 units will be Rm120 millions
See
Nothing is set in stone.
Since Jaks delayed on its Star Building delivery will Jaks deliver power plant on time?
The JV agreement provided that Jaks resources (JRB) shall execute subcontract agreement with CEEC in relation to its scope of work under the EPC Contract 2.
Jaks is therefore not involved in the construction of the power plant.
This is a compilation of my almost 2 years of research. Some are extracted from bursa announcements. Some are from news media, and some are from research papers done by professors who has access to restricted information. Earnings estimated are based on simple mathematics which only aims to provide a general idea of the potential of the power plant.
-------------------- tgorange Thank you so much DK66, very useful information. Can I know where did u get the source from, thx 14/01/2019 22:42
for me...there are few companies with more clarity, at least for 3 months money, 12 months money....
One thing I don't like....I never said it publicly before.....coal plants in USA are closing down left, right and center....no, not because of President Trump but because the economics of coal plants just cannot compete with shale gas and now renewable energy. But, that is America la.......
Evolve Concept Mall less than 50% occupied. A ghost mall in the making just like Maju Junction.
Pacific Star cannot complete (收工) even after 6 years into construction. Suppose to deliver VP by Dec 2016. Now is considered 烂尾 project like Plaza Rakyat.
40 sen already on the high side. Don't be misled by someone with vested interest..........
things are not perfect, that is why got 50 sen for u....but Evovle Mall there...surely worth some thing....at 50% occupancy, they say they got accounting losses but no cashflow losses...and the Pacific Star, all sold already, only waiting to finalise compensation and tail end stuffs....
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 4546 views | 4 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
abang_misai
2,550 posts
Posted by abang_misai > 2019-01-13 23:46 | Report Abuse
so desperate kah?