Posted by mbbx6sm3 > 2020-08-27 23:46 | Report Abuse

buy n close ur eyes looo ahhaha. wait and see. go holland n drink beer ma..

Posted by Johnchew5 > 2020-08-27 23:58 |

Post removed.Why?

Posted by faizal > 2020-08-28 08:36 | Report Abuse

Zelan goes PN17

Posted by faizal > 2020-08-28 08:37 | Report Abuse

MATERIAL LITIGATION IN THE MATTER OF ADJUDICATION BETWEEN ZELAN CONSTRUCTION SDN BHD AND BBCC DEVELOPMENT SDN BHD IN THE ASIAN INTERNATIONAL ARBITRATION CENTRE (AIAC) FORMERLY KNOWN AS KUALA LUMPUR REGIONAL CENTRE FOR ARBITRATION (KLRCA)
ZELAN BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description IN THE MATTER OF ADJUDICATION BETWEEN ZELAN CONSTRUCTION SDN BHD AND BBCC DEVELOPMENT SDN BHD IN THE ASIAN INTERNATIONAL ARBITRATION CENTRE (AIAC) FORMERLY KNOWN AS KUALA LUMPUR REGIONAL CENTRE FOR ARBITRATION (KLRCA)
Reference is made to the announcement on 28 March 2019 in relation to the adjudication proceedings under Construction Industry Payment and Adjudication Act 2012 (“CIPAA 2012”) initiated by a wholly owned subsidiary of Zelan Berhad (“Company”), Zelan Construction Sdn Bhd (“ZCSB”) against BBCC Development Sdn Bhd (“BBCC”) pursuant to work done and outstanding payment due relating to the main construction works for a project known as Cadangan Pembangunan Sementara 4 Tingkat Pejabat Jualan, Rumah Contoh Dan 1 Tingkat Sub-Basemen Di Atas Sebahagian Lot PT143, Seksyen 56, Jalan Hang Tuah/Jalan Pudu, Dalam Bandaraya Kuala Lumpur.

The Company would like to announce that ZCSB has on 29 August 2019, received the adjudication decision dated 28 August 2019 (“Adjudication Decision”) where the Adjudicator has determined as follows:

(a) BBCC shall pay to ZCSB the sum of RM2,058,173.96 (“Adjudicated Sum”);

(b) ZCSB shall be entitled to interest payment of 6.9% per annum on the Adjudicated Sum from the due date under Adjudication Decision until the date full payment is made; and

(c) Parties shall bear their own costs and expenses in this adjudication proceedings.

The Company is in the process of seeking advice from its solicitors on the enforcement of the Adjudication Decision with the purpose of recovering the Adjudicated Sum.

This Announcement is dated 29 August 2019.

Posted by faizal > 2020-08-28 08:37 | Report Abuse

ZELAN BERHAD - RESIGNATION OF AUDITORS

The Board of Directors of the Company wishes to announce that the Company had on 12 December 2019 received a notice in writing dated 12 December 2019 from Messrs. Afrizan Tarmili Khairul Azhar ("AFTAAS") on their resignation as Auditors of the Company.

The resignation of AFTAAS is due to the sanction imposed by the Securities Commission Malaysia's Audit Oversight Board prohibiting AFTAAS from accepting clients and auditing public interest entities or schedule funds for twelve (12) months.

Pursuant to Section 281(2) of the Companies Act 2016, AFTAAS's term of office shall end after twenty-one (21) days from 12 December 2019.

Save for the above, the Board is not aware of any matters that required to be brought to the attention of the shareholders of the Company.

Further announcement will be made by the Company on the appointment of a replacement Auditors in due course.

This announcement is dated 13 December 2019.

Posted by faizal > 2020-08-28 08:38 | Report Abuse

MATERIAL LITIGATION IN THE MATTER OF JOHOR BAHRU HIGH COURT SUIT NO. JA-22NCVC-137-06/2017 AND SUIT NO. JA-22NCVC-139-06/2017 BETWEEN PEMBINAAN YENG TONG SDN. BHD. AS PLAINTIFF AND ZELAN CONSTRUCTION SDN.BHD. AS DEFENDANT
ZELAN BERHAD


MATERIAL LITIGATION
Description IN THE MATTER OF JOHOR BAHRU HIGH COURT SUIT NO. JA-22NCVC-137-06/2017 AND SUIT NO. JA-22NCVC-139-06/2017 BETWEEN PEMBINAAN YENG TONG SDN. BHD. AS PLAINTIFF AND ZELAN CONSTRUCTION SDN.BHD. AS DEFENDANT
Zelan Berhad would like to announce that its wholly owned subsidiary, Zelan Construction Sdn Bhd (“ZCSB”) was informed by its solicitors that on 19 January 2020, the High Court in Johor Bahru has delivered its decision relating to the legal suits filed by Pembinaan Yeng Tong Sdn Bhd as Plaintiff against ZCSB as follows:-

a) that the Plaintiff’s claim via Johor Bahru High Court Suit No. JA-22NCVC-137-06/2017 for the sum of RM2,276,931.68 is dismissed with cost of RM10,000.00;

b) that the Plaintiff’s claim via Johor Bahru High Court Suit No. JA-22NCVC-139-06/2017 for the sum of RM2,626,311.27 is dismissed with cost of RM10,000.00; and

c) that ZCSB’s counterclaim is allowed with losses and damages to be assessed by the High Court.

The Company will make further announcement on any material development on this matter from time to time.

This Announcement is dated 4 February 2020.

Posted by faizal > 2020-08-28 08:38 | Report Abuse

MATERIAL LITIGATION IN THE MATTER AT COURT OF APPEAL PUTRAJAYA, APPEAL NO. J-02 (NCVC)(W)-276-02/2020 AND APPEAL NO. J-02(NCVC)(W)-266-02/2020 BY PEMBINAAN YENG TONG SDN. BHD AS APPELLANT AND ZELAN CONSTRUCTION SDN.BHD AS RESPONDENT


Subject MATERIAL LITIGATION
Description IN THE MATTER AT COURT OF APPEAL PUTRAJAYA, APPEAL NO. J-02 (NCVC)(W)-276-02/2020 AND APPEAL NO. J-02(NCVC)(W)-266-02/2020 BY PEMBINAAN YENG TONG SDN. BHD AS APPELLANT AND ZELAN CONSTRUCTION SDN.BHD AS RESPONDENT
Further to its announcement dated 4 February 2020 in relation to legal suits filed by Pembinaan Yeng Tong Sdn Bhd (‘PYT’) against Zelan Berhad’s (“Company”) wholly owned subsidiary, Zelan Construction Sdn Bhd (“ZCSB”), ZCSB has been informed by its solicitors on 10 March 2020 that PYT has filed it’s Notices of Appeal for both suits at Johor Bahru High Court Suit No. JA-22NCVC-137-06/2017 and Suit No. JA-22NCVC-139-06/2017 and both cases have now been fixed for first case management on 6 April 2020.


The Company will make further announcement on any material development in respect of this matter from time to time.

This Announcement is dated 11 March 2020.

Posted by faizal > 2020-08-28 08:38 | Report Abuse

FY16
revenue 222 mil
losses 67 mil

FY17
revenue 70.9 mil
losses 71.3 mil

FY18
revenue 72.5 mil
losses 23.59 mil

Posted by faizal > 2020-08-28 08:38 | Report Abuse

ZELAN
cash flow 5 mil
short term debt 38.16 mil
long term debt 509 mil
current liabilities 242 mil

Posted by faizal > 2020-08-28 08:38 | Report Abuse

ZELAN BHD
AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING

CONCERN AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN UNQUALIFIED OPINION WITH MATERIAL UNCERTAINTY RELATED TO GOING CONCERN IN ZELANBERHAD AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

Posted by faizal > 2020-08-28 08:39 | Report Abuse

ho ho ho..auditor cakap .zelan susah nak business lagi bankruptcy punya lo..

Posted by faizal > 2020-08-28 08:39 | Report Abuse

ho ho ho....FY16 losses 67 mil , FY17 losses 71.3 mil , FY18 losses 23.59 mil

Posted by faizal > 2020-08-28 08:39 | Report Abuse

ho ho ho....MATERIAL LITIGATION hutang banyak ,cash tak ada ...sekarang covid contruction pelahan zelan bankruptcy

Posted by faizal > 2020-08-28 08:39 | Report Abuse

ho ho ho.... bukan aku yang cakap zelan profesional AUDIT REPORT yang cakap - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING

Posted by faizal > 2020-08-28 08:40 | Report Abuse

haha learn to be naive in Sumatec until bankrupt..

Posted by faizal > 2020-08-28 08:40 | Report Abuse

haha con artist still not appear to show support to his supporters, ask conman johnchew5 here be a clown ??

Posted by faizal > 2020-08-28 08:40 | Report Abuse

hoho the Secret is kon artist ke .

Posted by faizal > 2020-08-28 08:41 | Report Abuse

haha Sumatec wayang kulit show episode 2 ke

Posted by faizal > 2020-08-28 08:46 | Report Abuse

Johnchew5 wayang kulit kon artist dekat zelan .. RTS Gamuda bikin ,HSR YTL bikin ,malaysia kebayakan mrt project semua gamuda bikin..

Posted by mr yong > 2020-08-28 08:50 | Report Abuse

https://klse.i3investor.com/servlets/stk/7189.jsp

Posted by Johnchew5 > 2020-08-28 08:51 |

Post removed.Why?

Posted by Johnchew5 > 2020-08-28 08:53 |

Post removed.Why?

Posted by vivabursa > 2020-08-28 08:54 | Report Abuse

I believe good news coming

Posted by Johnchew5 > 2020-08-28 08:55 |

Post removed.Why?

Posted by Johnchew5 > 2020-08-28 08:57 | Report Abuse

FY19 audited report released on 30/6/2020:

Cash and Bank Equivalents:
2019 : 2018
Deposit placed with
licensed banks 14,597,000 : 1,258,000

Cash n bank
balances 5,758,000 : 3,787,000

Deposit,cash
n bank balances 20,355,000 : 5,045,000


Less : Reserved
funds as security 14,597,000 : 1,258,000

Cash n
cash equivalents 5,758,000 : 3,787,000

>>>> Compare FY19 to FY18 , there is additional cash generated from operating as 14,597,000 -1,258,000 = 13,339,000

Posted by Johnchew5 > 2020-08-28 08:58 | Report Abuse

Zelan is sueing NRY Architects on March 2019 for RM 300 million due to IIUM project is delayed 3 years .

NRY Architects is sizeable company with abt 80 architects . Its founder and Big boss is Najib brother .

expected the case will be resolved amicably, of course with win win solution.

Posted by Johnchew5 > 2020-08-28 09:00 |

Post removed.Why?

Posted by Johnchew5 > 2020-08-28 09:02 |

Post removed.Why?

Posted by Squirtle > 2020-08-28 09:21 | Report Abuse

Ya profit is prosper more
Soon will more news hear Zelan inside paper
huhuhu

Posted by faizal > 2020-08-28 09:24 | Report Abuse

ZELAN
cash flow 5 mil
short term debt 38.16 mil
long term debt 509 mil
current liabilities 242 mil

Posted by faizal > 2020-08-28 09:25 | Report Abuse

Aiyah ah CHEW 5 mil beli bunglow pun tak cukup ,apa macam 5 mil boleh tender project

Posted by Squirtle > 2020-08-28 09:53 | Report Abuse

Zelan is TURN round from loss to EARN
FY19 is turned to Profit.

Posted by Squirtle > 2020-08-28 10:00 | Report Abuse

Yest up is got reason
U see many is buy XOX
even No earnings
huhuhu

Posted by Mikecyc > 2020-08-28 10:15 |

Post removed.Why?

Posted by iamismail > 2020-08-28 10:15 | Report Abuse

Buy on romour sell on news. The name of the game. This is market.
The next big IT and TECH play
Romour now something is brewing in MIKROMB 0112, quietly building momentum.

Posted by mbbx6sm3 > 2020-08-28 11:49 | Report Abuse

faizal lost in this counter already hahahha.. thats why he shout like dog hahahha.. go buy. ada goreng later. give faizal shout..

zelan buy buy buy hahahha

Posted by datooh > 2020-08-28 12:02 | Report Abuse

buy

Posted by leslieroycarter > 2020-08-28 12:06 | Report Abuse

Involved in MK durian scandal to rob the poor durian farmers in Raub ?

Posted by yiqqre > 2020-08-28 14:51 | Report Abuse

1:11PM ZELAN 1H net profit 5.161 million (increased 622.83%)
2283 ZELAN ZELAN BHD
Quarterly rpt on consolidated results for the financial period ended 30/06/2020
Quarter: 2nd Quarter
Financial Year End: 31/12/2020
Report Status: Unaudited
Submitted By:

Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
30/06/2020 30/06/2019 30/06/2020 30/06/2019
RM '000 RM '000 RM '000 RM '000
1 Revenue 9,320 19,967 22,434 56,409
2 Profit/Loss Before Tax 2,737 2,910 5,880 1,820
3 Profit/Loss After Tax and Minority Interest 2,584 2,209 5,156 708
4 Net Profit/Loss For The Period 2,628 2,216 5,161 714
5 Basic Earnings/Loss Per Shares (sen) 0.31 0.26 0.61 0.08
6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00
As At End of Current Quarter As At Preceding Financial Year End
7 Net Assets Per Share (RM) 0.0500 0.0600


Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

Posted by wkkht > 2020-08-28 15:01 | Report Abuse

Looks like it's coming.

Posted by kentrade888 > 2020-08-28 15:09 | Report Abuse

The price may reach 0.15-0.18 today.

Posted by Johnchew5 > 2020-08-28 15:09 | Report Abuse

0.31 0.000 0.0500 9,320k 2,584k 2 2020-06-30 31 Dec, 2020 2020-08-28 17% View
0.30 0.000 0.0600 13,114k 2,572k 1 2020-03-31 31 Dec, 2020 2020-07-15 271.4% View

Posted by Johnchew5 > 2020-08-28 15:12 | Report Abuse

Ho ho on arbitration there is not mentioned NRY architects case anymore , win win situation is anticipated .

Posted by Johnchew5 > 2020-08-28 15:14 | Report Abuse

) In relation to Note 3(i) of the Audited Financial Statements for the Financial Year Ended 31
December 2019, relating to the International Chamber of Commerce (“ICC”) arbitration proceeding
filed by Zelan Holdings (M) Sdn Bhd (“ZHSB”) against the project owner in Abu Dhabi on 14 July
2020, the Abu Dhabi Commercial Court of Appeal (“ADCCA”) rejected the project owner’s
Grievance Application. On 23 July 2020, ZHSB filed the execution application at the Execution
Court. Subsequently, on 19 August 2020, the project owner filed an appeal of its Grievance
Application to Cassation Court.

Posted by Johnchew5 > 2020-08-28 15:18 |

Post removed.Why?

Posted by Johnchew5 > 2020-08-28 15:19 | Report Abuse

A court of cassation is a high-instance court that exists in some judicial systems. Courts of cassation do not re-examine the facts of a case, they only interpret the relevant law. In this they are appellate courts of the highest instance. In this way they differ from systems which have a supreme court which can rule on both the facts of a case and the relevant law. The term derives from the Latin cassare, "to reverse/overturn".

Posted by Pierrecashon > 2020-08-28 21:26 | Report Abuse

Why everybody keep update the past news.?hurmmm..

Posted by Jack1234 > 2020-08-29 10:58 | Report Abuse

You have any news ?

Posted by loongken > 2020-08-29 12:40 | Report Abuse

What's going to happen at this counter next week?

Posted by Jack1234 > 2020-08-29 20:43 | Report Abuse

wakaka look look see see no content ?