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EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL
EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL
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Apr 5 2016, 06:45 PM
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Senior Member
10,001 posts Joined: May 2013 |
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Apr 5 2016, 06:49 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality |
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Apr 5 2016, 07:21 PM
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Senior Member
840 posts Joined: Oct 2012 |
Any scandal?
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Apr 5 2016, 07:43 PM
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Senior Member
1,404 posts Joined: Jun 2009 |
ED AGM : developer and its proxies outnumbered owners 2 to 1. just by vote count, the owners are outnumbered. can recognise MEH staff attending as developer proxy. all the JMB members voted in are pro developer.
the voting has weighting or share unit basis based on size of parcel. e.g. the carpark is under Empire, and based on carpark size, Empire's one vote under Carpark share unit is equal to 44,650 votes! one studio carries share unit of 34, SOHO1 is 72 while SOHO2 is 66. Hotel is 640! So with 1 vote representing Empire through its carpark, it's enough to neutralise all the votes from owners. what a farce. Empire City has a huge mall and with that mall, Empire will be able to neutralise all owners representation on the JMB unless ALL owners attend and vote! which will never happen This post has been edited by cedyy: Apr 5 2016, 08:02 PM |
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Apr 5 2016, 07:49 PM
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Senior Member
840 posts Joined: Oct 2012 |
QUOTE(cedyy @ Apr 5 2016, 07:43 PM) ED AGM : developer and its proxies outnumbered owners 2 to 1. just by vote count, the owners are outnumbered. can recognise MEH staff attending as developer proxy. all the JMB members voted in are pro developer. If it is in accordance with the law, nothing can be done. So is it lawful? the voting has weighting or share unit basis based on size of parcel. e.g. the carpark is under Empire, and based on carpark size, Empire's one vote under Carpark share unit is equal to 44,650 votes! one studio is carries share unit of 34, SOHO1 is 72 while SOHO2 is 76. Hotel is 640! So with 1 vote representing Empire through its carpark, it's enough to neutralise all the votes from owners. what a farce. Empire City has a huge mall and with that mall, Empire will be able to neutralise all owners representation on the JMB. Too bad for the buyers the developer opt to do it this way though. |
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Apr 5 2016, 07:50 PM
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Junior Member
33 posts Joined: Mar 2016 |
I would say empire is really his own empire. One hand cover the whole sky.Kicked all individual owner out from the committee already.
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Apr 5 2016, 07:52 PM
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Senior Member
840 posts Joined: Oct 2012 |
Normally when it is conducted this way, it can only mean desperation...
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Apr 5 2016, 08:05 PM
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Senior Member
1,404 posts Joined: Jun 2009 |
the chair of the AGM got the cheek to tell us not to spread bad things about Empire on social media. try to say good things instead in order to preserve the value of our investments! wtf. u think we as stakeholders would want our investments to go down the drain? as the saying goes, there's no smoke without fire.
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Apr 5 2016, 08:16 PM
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Senior Member
2,515 posts Joined: Jan 2012 |
QUOTE(cedyy @ Apr 5 2016, 08:05 PM) the chair of the AGM got the cheek to tell us not to spread bad things about Empire on social media. try to say good things instead in order to preserve the value of our investments! wtf. u think we as stakeholders would want our investments to go down the drain? as the saying goes, there's no smoke without fire. they really think buyers should support them blindly...adui..still no news on CCC? |
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Apr 5 2016, 08:19 PM
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Junior Member
33 posts Joined: Mar 2016 |
QUOTE(cedyy @ Apr 5 2016, 08:05 PM) the chair of the AGM got the cheek to tell us not to spread bad things about Empire on social media. try to say good things instead in order to preserve the value of our investments! wtf. u think we as stakeholders would want our investments to go down the drain? as the saying goes, there's no smoke without fire. If they have done good job and fair, there won't be so many voices, questions and challenges coming from owners. |
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Apr 5 2016, 08:28 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality |
QUOTE(cedyy @ Apr 5 2016, 07:43 PM) ED AGM : developer and its proxies outnumbered owners 2 to 1. just by vote count, the owners are outnumbered. can recognise MEH staff attending as developer proxy. all the JMB members voted in are pro developer. fuh they flex their voting power to quash owner votes the voting has weighting or share unit basis based on size of parcel. e.g. the carpark is under Empire, and based on carpark size, Empire's one vote under Carpark share unit is equal to 44,650 votes! one studio carries share unit of 34, SOHO1 is 72 while SOHO2 is 66. Hotel is 640! So with 1 vote representing Empire through its carpark, it's enough to neutralise all the votes from owners. what a farce. Empire City has a huge mall and with that mall, Empire will be able to neutralise all owners representation on the JMB unless ALL owners attend and vote! which will never happen really GG all the owners |
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Apr 5 2016, 08:55 PM
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Junior Member
258 posts Joined: Aug 2013 |
Summary of ED AGM, Uzma , MEH , Hotel and Retail s proxy had pawned Residential. All their staff had went all out , it is about 160-170 vs 60-70 ppls . Even without allocated share unit , resident will be still losing. It looks like empire subang history will be repeat in all empire s project.
The only good news was residential rep keep fighting and nvr give up. They had challenge the presented budget , calculation of allocated share unit, late notice, reduce rate for hotel and uzma , dirty game by management company and COB. Anyhow , the chairman and prop manager just proceed without listening to them. COB was not decisive and had remained silent on these issue. Resident rep were complained that they are not neutral and bias to certain party. Super dramatic AGM. I guess the war is begun and more lawsuit will be coming , It is not game over yet This post has been edited by VLVL: Apr 5 2016, 08:57 PM |
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Apr 5 2016, 09:03 PM
Show posts by this member only | IPv6 | Post
#3853
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Senior Member
10,001 posts Joined: May 2013 |
QUOTE(VLVL @ Apr 5 2016, 08:55 PM) Summary of ED AGM, Uzma , MEH , Hotel and Retail s proxy had pawned Residential. All their staff had went all out , it is about 160-170 vs 60-70 ppls . Even without allocated share unit , resident will be still losing. It looks like empire subang history will be repeat in all empire s project. Thanks for sharingThe only good news was residential rep keep fighting and nvr give up. They had challenge the presented budget , calculation of allocated share unit, late notice, reduce rate for hotel and uzma , dirty game by management company and COB. Anyhow , the chairman and prop manager just proceed without listening to them. COB was not decisive and had remained silent on these issue. Resident rep were complained that they are not neutral and bias to certain party. Super dramatic AGM. I guess the war is begun and more lawsuit will be coming , It is not game over yet |
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Apr 5 2016, 09:06 PM
Show posts by this member only | IPv6 | Post
#3854
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Senior Member
1,686 posts Joined: Aug 2011 |
QUOTE(VLVL @ Apr 5 2016, 08:55 PM) Summary of ED AGM, Uzma , MEH , Hotel and Retail s proxy had pawned Residential. All their staff had went all out , it is about 160-170 vs 60-70 ppls . Even without allocated share unit , resident will be still losing. It looks like empire subang history will be repeat in all empire s project. really pity those small stakeholders......need to spend so much effort to fight this type of dev....next time see this dev name better pui hau soi......The only good news was residential rep keep fighting and nvr give up. They had challenge the presented budget , calculation of allocated share unit, late notice, reduce rate for hotel and uzma , dirty game by management company and COB. Anyhow , the chairman and prop manager just proceed without listening to them. COB was not decisive and had remained silent on these issue. Resident rep were complained that they are not neutral and bias to certain party. Super dramatic AGM. I guess the war is begun and more lawsuit will be coming , It is not game over yet from the words of those attended....dev were so proud and joyish surpressing these pityful owners who is this Uzma?? hotel is meh hotel?? |
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Apr 5 2016, 09:13 PM
Show posts by this member only | IPv6 | Post
#3855
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Senior Member
1,686 posts Joined: Aug 2011 |
QUOTE(nexona88 @ Apr 5 2016, 08:28 PM) repeat customers are ur best testimonial and advertisement and can be ur worst nightmare and poison.....meh really throw all these away???!!!!!! thinking they will be forever green??? lol...i believe malaysia market is rather small....not difficult for the public to be aware of how bad this dev is..... from unique and stylish dev now become bully .....really wrong strategy and deseperate |
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Apr 5 2016, 09:14 PM
Show posts by this member only | IPv6 | Post
#3856
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Junior Member
243 posts Joined: Jan 2011 |
QUOTE(VLVL @ Apr 5 2016, 08:55 PM) Summary of ED AGM, Uzma , MEH , Hotel and Retail s proxy had pawned Residential. All their staff had went all out , it is about 160-170 vs 60-70 ppls . Even without allocated share unit , resident will be still losing. It looks like empire subang history will be repeat in all empire s project. The only good news was residential rep keep fighting and nvr give up. They had challenge the presented budget , calculation of allocated share unit, late notice, reduce rate for hotel and uzma , dirty game by management company and COB. Anyhow , the chairman and prop manager just proceed without listening to them. COB was not decisive and had remained silent on these issue. Resident rep were complained that they are not neutral and bias to certain party. Super dramatic AGM. I guess the war is begun and more lawsuit will be coming , It is not game over yet |
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Apr 5 2016, 09:16 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality |
QUOTE(Donald Trump @ Apr 5 2016, 09:13 PM) repeat customers are ur best testimonial and advertisement and can be ur worst nightmare and poison.....meh really yeah. don't play play.throw all these away???!!!!!! thinking they will be forever green??? lol...i believe malaysia market is rather small....not difficult for the public to be aware of how bad this dev is..... from unique and stylish dev now become bully .....really wrong strategy and deseperate now with social media power. everyone knows how bad they're really dig their own grave |
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Apr 5 2016, 09:20 PM
Show posts by this member only | IPv6 | Post
#3858
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Senior Member
1,686 posts Joined: Aug 2011 |
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Apr 5 2016, 09:20 PM
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Junior Member
33 posts Joined: Mar 2016 |
QUOTE(VLVL @ Apr 5 2016, 08:55 PM) Summary of ED AGM, Uzma , MEH , Hotel and Retail s proxy had pawned Residential. All their staff had went all out , it is about 160-170 vs 60-70 ppls . Even without allocated share unit , resident will be still losing. It looks like empire subang history will be repeat in all empire s project. Salute to the individual owners who are willing to spend so much time to protest their right til the end. You guys have done a great job! The only good news was residential rep keep fighting and nvr give up. They had challenge the presented budget , calculation of allocated share unit, late notice, reduce rate for hotel and uzma , dirty game by management company and COB. Anyhow , the chairman and prop manager just proceed without listening to them. COB was not decisive and had remained silent on these issue. Resident rep were complained that they are not neutral and bias to certain party. Super dramatic AGM. I guess the war is begun and more lawsuit will be coming , It is not game over yet |
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Apr 5 2016, 09:22 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality |
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