after the COVID-19, lock down and political drama, Pahang state is in huge deficit and a lot of the people there very poor now. The Pahang state government high chance to re-open the mining activity soon.
Actually in Jan 2020, the SOP already set up, but delayed till now due to COVID-19. Today, our PM announced that we are entering into recovery stage. So might be good news soon.
KUALA LUMPUR (Nov 4): The Malaysian government expects to start issuing bauxite mining and export licences again in January 2020 since the ban on such activities in Pahang was lifted in April 2019.
Water, Land and Natural Resources Minister Dr Xavier Jayakumar said in Parliament here today the licence, which will be part of a six-month pilot to test a new standard operating procedure (SOP) covering pre-to-post bauxite mining, will only allow such operations to be undertaken in Gebeng, Pahang, in the initial stage.
Dr Xavier said the government will reevaluate the implementation of the SOP before allowing licensees to undertake bauxite mining across Pahang.
>> Later, Dr Xavier told reporters outside the Parliament that at least three companies have applied for the Gebeng licence.
"They are all local companies," he said. Dr Xavier said they are required to adhere to a sizeable capital expenditure requirement considering the stringent SOP proposed. "After they follow the requirements for the SOP, they will send a letter to the ministry to obtain the licence," Dr Xavier said.
Dr Xavier expects the government to issue its first bauxite mining licence under the new SOP at the earliest by January 2020, from which the six-month pilot period will commence.
However, the uncertainty on commencement date of a single project may affect the results of the Group. The bauxite mining operation has not resumed todate, however, the Group is exploring other mining opportunities.
Notice of Person Ceasing (Section 139 of CA 2016) WZ SATU BERHAD
Particulars of Substantial Securities Holder
Name URUSHARTA JAMAAH SDN BHD
Address Tingkat 7, Bangunan Setia 1, 15 Lorong Dungun, Bukit Damansara, Kuala Lumpur 50490 Wilayah Persekutuan Malaysia. Company No. 201801045610 (1307642-V) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Date of cessation 24 Mar 2020 Name & address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank, 165, Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan No of securities disposed 9,428,192 Circumstances by reason of which a person ceases to be a substantial shareholder (1) Transfer of shares from Citigroup Nominees (Tempatan) Sdn Bhd - Urusharta Jamaah Sdn Bhd (1) to Citigroup Nominees (Tempatan) Sdn Bhd - Urusharta Jamaah Sdn Bhd (Amundi 1)
(2) Disposal of shares by Citigroup Nominees (Tempatan) Sdn Bhd - Urusharta Jamaah Sdn Bhd (Affin 1)
(3) Disposal of shares by Citigroup Nominees (Tempatan) Sdn Bhd - Urusharta Jamaah S B (Franklin 1) Nature of interest Direct Interest
Date of notice 25 Mar 2020 Date notice received by Listed Issuer 27 Mar 2020
Notice of Person Ceasing (Section 139 of CA 2016) WZ SATU BERHAD
Particulars of Substantial Securities Holder
Name LEMBAGA TABUNG HAJI
Address 201, Jalan Tun Razak, Kuala Lumpur 50400 Wilayah Persekutuan Malaysia. Company No. Act 535 (Tabung Haji Act 1995) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Date of cessation 28 Dec 2018 Name & address of registered holder Lembaga Tabug Haji 201, Jalan Tun Razak, 50400 Kuala Lumpur, Wilayah Persekutuan No of securities disposed 43,498,672 Circumstances by reason of which a person ceases to be a substantial shareholder Transfer of shares to Urusharta Jamaah Sdn. Bhd. as a result of the restructuring exercise. Nature of interest Direct Interest
Date of notice 28 Dec 2018 Date notice received by Listed Issuer 07 Jan 2019
(i) Arbitration between PT Technic Engineering Sdn Bhd ("PT Technic") ("Claimant") as a sub- contractor to WZS Misi Setia Sdn Bhd (a wholly-owned subsidiary of the Group) ("MISI") for resolution of disputed payments due in relation to a mechanical and piping work project.
(a) That MISI shall pay the sum of RM4,343,706.82 to PT Technic in full and final settlement of all matters in difference with reference to PT Technic's claim for work and additional works referred to the Arbitrator in this Arbitration;
(b) That MISI shall pay interest at the rate of 5% simple interest per annum on the sum of RM4,343,706.82 from 29 November 2019 until the actual realisation of the said payment by MISI to PT Technic;
Court Case with ex Executive Director cum COO Dato William Tan :
ii) WZ Satu Berhad - Writ of Summon and Amended Statement of Claim (High Court at Shah Alam Civil Suit No. BA-22NCVC-469-10/2019) Plaintiffs: Dato' William Tan Chee Keong and Mr. Choi Chee Ken Defendant: WZ Satu Berhad
On 8 November 2019, the Company received a Writ of Summon ("the Writ") and Amended Statement of Claim, all dated 24 October 2019 from the Plaintiffs ("the Statement of Claim") through their solicitor. Pursuant to the Writ and the Amended Statement of Claim, the Plaintiffs are claiming for breach of Share Sale Agreement dated 10 January 2014 ("SSA") in relation to the acquisition of WZS BinaRaya Sdn Bhd ("Target Company") to conduct a special audit in order to verify the final aggregate financial result of the Target Company for the Guaranteed Period.
Consequently the Plaintiffs are seeking for RM34,084,500 representing the continuing loss of value of Security Shares, Bonus Shares and Warrants from 24 October 2019 until the date of the Order (if any), alternatively, the damages to be assessed by the Court; interest at the rate of 5% per annum, costs of the action to be paid to the Plaintiffs and such other relief as determined by the Court.
Very good evening to all Happy Holders of WZ Satu,
You are on to another Great Stock after Supermax at Rm2.50, RGT Bhd at 23 sen, Adventa at 57 sen, Es_Ceramic at 32 sen, Luxchem at 47 sen, Naim at 67 sen & many others bought while dirt cheap!
In all the above stocks one sneaky snake called mikecyc aka hiding in fake ID Cmhood, Jjohnchew, johnchew5, Vincent2002 wiggled in with some facts & later cast his lies
See this BIG LIE
Cmhoon Wzsatu is not one of the 3 local companies that have applied for the Gebeng licence. 19/06/2020 9:37 PM
THE ABOVE IS A VERY BLATANT LIE FROM A HEART FULL OF DECEIT
What is the Truth?
See this
The group has said it is looking at ventures in onshore and downstream long-term service contracts, while waiting for the lifting of the bauxite mining moratorium and export ban in Pahang — which is currently scheduled for end-March. As at end-FY18, WZ Satu had an order book of RM873 million.
Read again:
waiting for the lifting of the bauxite mining moratorium and export ban in Pahang — which is currently scheduled for end-March. As at end-FY18, WZ Satu had an order book of RM873 million.
Very good evening to all Happy Holders of WZ Satu,
You are on to another Great Stock after Supermax at Rm2.50, RGT Bhd at 23 sen, Adventa at 57 sen, Es_Ceramic at 32 sen, Luxchem at 47 sen, Naim at 67 sen & many others bought while dirt cheap!
In all the above stocks one sneaky snake called mikecyc aka hiding in fake ID Cmhood, Jjohnchew, johnchew5, Vincent2002 wiggled in with some facts & later cast his lies
See this BIG LIE
Cmhoon Wzsatu is not one of the 3 local companies that have applied for the Gebeng licence. 19/06/2020 9:37 PM
THE ABOVE IS A VERY BLATANT LIE FROM A HEART FULL OF DECEIT
What is the Truth?
See this
The group has said it is looking at ventures in onshore and downstream long-term service contracts, while waiting for the lifting of the bauxite mining moratorium and export ban in Pahang — which is currently scheduled for end-March. As at end-FY18, WZ Satu had an order book of RM873 million.
Read again:
waiting for the lifting of the bauxite mining moratorium and export ban in Pahang — which is currently scheduled for end-March. As at end-FY18, WZ Satu had an order book of RM873 million.
However, the uncertainty on commencement date of a single project may affect the results of the Group. The bauxite mining operation has not resumed todate, however, the Group is exploring other mining opportunities. 19/06/2020 9:31 PM
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