Bosses are rich but company is poor is not uncommon in this country.

Ambank with over rm700m exposure is likely to extend more facility to meh to complete the project.

They are successful and never had any failure, natural for them to have this attitude.


This post has been edited by icemanfx: Mar 27 2016, 09:35 PM

They admit they have cash challenging issue, just like Genting on the movie theme park case
http://www.themalaymailonline.com/money/ar...git-report-says

And with this kind of lansi comeback to the people, it makes me blood boil. I do hope they stop compromising the quality and focus on completing.

I really dislike the lansi developer. the big boss really

Those investors - Koyak liao.. Cash burning, they have to pray this developer can make it thru,, Otherwise, crying also no use..

just pray for the best. Else it will trigger chain of bad effect on current already not so ok market

Genting don't have cash flow issue. Comparing Genting with meh is laughable, mean meh is in serious cash flow trouble.

Units VP mean work done and completed. What to compromise?

It is about time for lansi developers and investors to come back to the earth.

This post has been edited by icemanfx: Mar 28 2016, 02:50 AM

Not sure why Genting suddenly come into the picture...Genting's gaming arm is a golden goose!

Genting theme park projection was under projected two times. Thing is they managed to secure the additional funds. Unlike meh puik. They are cash rich

Genting one they added more than the initial plan. that's why delay.

unlike MEH which seriously have some cash flow problem

the comparison with genting is nonsensical. genting cash reserve could buy the whole meh group they just take financing to maintain their cash position just like Petronas. they are the true blue blood companies who understand it is not worth it to save on interest but to maintain a huge cash hoard at all times against bad weather, to toughen up confidence, and be able to take advantage of opportunities.

delete

This post has been edited by chicargo: Mar 28 2016, 03:16 AM

Very simple. Toilet Paper reported this developer said got RM315 mil bank loan. Interest rate about 7%. RM315 mil X 7% = RM22 mil interest.

Interest alone is RM22 mil a year. This developer pays RM22 mil interest a year. No wonder so LANSI la.

I do not buy anything from LANSI people. When people go shopping for somethings they won't buy from LANSI sales people. Makes me wonder why people buy from LANSI property developers. Saya tidak faham.

This post has been edited by Megatron1234: Mar 28 2016, 09:41 AM

actually when all of this is being talk the other 2 on going development is suffering as well with little to no movement

Greed. They only see $$$. It is die die must buy.

agree. Greed is main problem!

2 more?
E. res already deliver some.....so consider half cook
funny thing about this ER.....afyer vp 2-3 phase......
TOTAL SILENCE FROM BUYERS.....no comment ....nothing........like nothing to talk abt.....or more like dont know what to talk
mayb in their heart is want to talk, talk in court ?

most probably MEH rectify ER's problem faster and better than EC so they dont get in trouble, this maybe because ER's customer all rich and have status, they don't dare to give trouble to them. imagine if one of the ER owner works with the government agencies.

bro mind to share when you sign up the lease, how many percent lease taken in EC mall and when was that?

Most likely because they are rich and have status they know where to go direct until meh balls down fast fast rectify so no chance to have complains.

chain reaction to property bubble busting in the making