No one would hav match it wealth to pay 4k maintenance fee on behalf of owner for ur tunku san condo. Salute u boss.

so these are the cash rich person in the thread

I full of air n gas.....just no cash...

Empire City 或还不起9亿贷款，Ambank股价下挫



大马投银控股（AMBANK，1015，主要板金融）与帝国城（Empire City）之间拥有总值9亿令吉的未收回放款额（Loan Exposure），若有关贷款遭拖欠恐使前者的淨减值贷款提高至55%，大马投银控股今日闻讯走跌。

大马投银控股今早起2仙以4.70令吉开跑，随后转跌，休市该股暂挂4.56令吉，挫12仙，半日交易96万3300股。



闭市时，大马投银控股报4.57令吉，挫11仙，交易量636万400股，为十大下跌股之一。

帝国城竣工日期一拖再拖，从原定的2014年末延至今年9月。根据财经週刊《The Edge Weekly》，大马投银控股与帝国城之间拥有总值9亿令吉的未收回放款额。



对此，联昌证券研究指出：“大马投银控股管理层没有透露任何与该贷款有关的讯息，但我们认为该行并未将其归类为减值贷款。”

该研究称，假设该贷款遭拖欠，该公司2016财年末的淨减值贷款料将提高55%，从而推高淨减值贷款预测至2.7%；同时，该公司2017财年淨利预测将减23.5%。

translate please

Google translate, read and get headache.

Empire City or not pay 900 million loans, Ambank stock fell
Has a total value of 900 million ringgit between Malaysian Investment Bank Holdings (AMBANK, 1015, the main board finance) and Imperial City (Empire City) put unrecovered amount (Loan Exposure), if the loan was in arrears net reduction of fear that the former the value of loans increased to 55%, the Malaysian investment holding silver today after hearing decline.
Malaysian investment holding silver this morning from 2 cents to 4.70 ringgit to start running, then turn down, hold the stock closed 4.56 ringgit, down 12 cents, half-day trading 963,300 shares.
When closing, the Malaysian Investment Bank Holdings reported 4.57 ringgit, down 11 cents, trading volume of 6,360,400 shares for one of the top ten decliners.
Empire City completion date delayed, postponed to the end of 2014 from the original September. Financial Weekly, "The Edge Weekly", has a total value of 900 million ringgit amount of unrecovered placed between the administration and the Imperial Silver City Holdings Malaysia needed.
In this regard, CIMB Securities Research said: "Malaysia Silver Investment Management Holdings did not disclose any information related to the loans, but we believe that the bank will not be classified as impaired loans."
The study said, assuming that the loan was in arrears, the company's 2016 fiscal year net impaired loans is expected to increase 55 percent, pushing net impaired loans forecast to 2.7%; the same time, the company's 2017 fiscal year net profit forecast to minus 23.5 %.

lol google translate really

The title tells it all. Empire city is facing financial constraint and having problem repaying the 900mil loan to Ambank. Ambank's stock price fell due to exposure of bad debt.

This could be the tipping point for banks to reduce exposure to developers and new launch buyers.

this developer really gg...

they are the real ”thor sui kar“ (拖衰家）

Empire City is too big to fail. If it is really abandon, it ll be super eyesore to PJ. Hope it wont happen as thousands of innocent buyers there. Saw workers there the other day though not many.

Ambank RM900m exposure to meh is less than 2% of its assets, it is not too big to fail.

As there is no more loan draw down from vpd units, meh is unlikely to put any priority in this area.

Nothing is too big to fail or to fall. Titanic is a good example. It depends on whether what we see is the iceberg or the tips of the iceberg.

if like that, duta hyatt wouldn't be abandon lor.
plaza rakyat would not have been abandon lor.

usually the biggest stakeholder will try their best to complete it. but if the stakes are so high and really ran out of options, there's no other ways.

i hope it can be completed too but ..... dunno what would be the end product if it was rushed or forced completion.
concern on quality issues later.

guess now is whether any white knights willing to offer them capital injection for a stake.

I think they wanna CCC it. I saw them rushing on the flyover from Penchala to EC. Day and night as Penchala is my usual road to and fro from work.

Meh too many big project run in the same time, empire city, empire remix, empire resident and empire damansara still many patching work...

Too greedy

Is the flyover the only thing which is holding back the CCC ?

TOO BIG TO FAIL... I think it meant the BANK, not MEH