How u know?
Source of information?

Not much worker there, I think they’re purposely
to slow down the works progress, may be no money to pay
salary... 😭😑

http://disclosure.bursamalaysia.com/FileAc..._GA_ATTACHMENTS

The Proposed Internal Reorganisation is to enable JRB Group:
i) to complete the development of the Pacific Star Business Hub and other components in
Pacific Star. The Proposed Internal Reorganisation will result in a corporate structure
that allows the group to obtain financing from the bank to finish the project.
ii) to streamline the structure of its property development and property investment
businesses. Following from this exercise, the Pacific Star Business Hub will be
transferred out of JIC, a property development company and FPSB will be a property
investment and management company with ownership of and interest in the Pacific Star
Business Hub.
Arising from the Proposed Internal Reorganisation, there is no change in JRB Group’s overall
interest and control in Pacific Star (including the Business Hub).

For me delay is not really an issue, the problem is whether they will pay the full LAD...

If the parent company do not pay for subsidiary debt, it will affect the parent company goodwill as well, which may cause more than the financial losses as per my point of view.

Dun be silly. If debt can be default so easy, then all the listed company just create more subsidiary and transfer all the debt into it and make it bankrupt, so no need to repay. If like that most of the bank already bankrupt.

Please give more value added comment (like case study), but not based on what you feel.

Base on co-operation law technically that is correct, they can reduce impact for business group and owner of properties will face up alot of challenges, still subject to whether risk to impact group's trustworthy taking under consideration. Because it might impact entire business operation and future development especially you are a public company.

It is hard to tell on the restructure intention now and it is always pro and con, restructure because of asset collateral issue on balance sheet might be one of good way to access banking financial support because you will have better presenting number. As public company you want to strike off a child company by moving all net loss into one shell might potential impact a parent company as well. In co-operate law system already considering this loophole before, co-operate law keep enhanced along the way since year 1965 until now and if strike off all debts under one empty company very high risk. Personal point of view potential on this act is not high because it might also involve high to low management level criminal charge for act execution and furthermore it might potential involve fraudulent on entity reselling or cross tie on ownership. Worst case might causing share liquidation on trustworthy scandal which might causing further liquidate in house free cost capital and it might potential sink the parent ship as well. In year 1998, a lot of similar act happen in Asia countries and ending is not good for both parties.

Well, Thanks for your sharing.

Yes, I heard there was a group that did bulk purchase here for the big units block.

Apa cerita on this project's....my brother actually bought it.