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Investment 8 CONLAY | KEMPINSKI HOTEL & RESIDENCES, Europe's Oldest All Luxury Hotelier

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cannible
post Aug 29 2022, 02:15 PM

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QUOTE(Timmy Tan @ Aug 29 2022, 11:09 AM)
I voiced my opinion based on publicly available information and I welcome those with deeper knowledge and better insights to prove me wrong. I am not an insider and this company is a private company, so I can only make my own assumptions for certain things. Just by making some calculations is considered libelous? Then all analysts, content creator, bloggers should be sued in court because they do this all the time.

I asked you where is your evidence? What are their other assets? How much is their net worth? If you can provide those answers, then I can check back my assumptions and admit that I am wrong. But you never answer any of the questions. Just because you say you know, everyone should believe in you?

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Let meet up. simple. haha.
flautist
post Aug 29 2022, 07:29 PM

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QUOTE(jo5h_ua @ Aug 28 2022, 02:44 PM)
Apa status now ? Or they busy with more marketing events ?
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their ig show many festive or artistic event... really got budget for dat .. but building stop? thumbsup.gif rclxs0.gif
kwpp123 P
post Aug 29 2022, 09:18 PM

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i dont see any chance of fallen... the location is too good to be collapse
wotpian
post Aug 29 2022, 09:26 PM

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QUOTE(kwpp123 @ Aug 29 2022, 09:18 PM)
i dont see any chance of fallen... the location is too good to be collapse
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Hopefully yes. Could be like another Crest Residence issue near klcc last time.
Timmy Tan
post Aug 30 2022, 09:59 AM

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https://www.bursamalaysia.com/market_inform...?ann_id=3287613

Pertaining to the publications by some news outlets on the status of works in 8 Conlay Project, the Board of Directors of GDB wishes to make an announcement that Grand Dynamic Builders Sdn. Bhd. (“GDBSB”), a wholly-owned subsidiary of the Company had served a suspension notice to Damai City Sdn. Bhd. (“DCSB”) on 16 August 2022, which is pursuant to and within the terms stipulated in the agreement and contract.

Both GDBSB and DCSB are in talks with the aim of resolving the matter amicably.

The Company will make the necessary announcement upon any significant development.

This announcement is dated 29 August 2022.
Timmy Tan
post Aug 30 2022, 10:13 AM

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Who is lying now? Developer says not facing suspension, main contractor announced to Bursa that it has served suspension notice.
Babizz
post Aug 30 2022, 11:05 AM

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QUOTE(Timmy Tan @ Aug 29 2022, 08:13 PM)
Who is lying now? Developer says not facing suspension, main contractor announced to Bursa that it has served suspension notice.
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I take announcement to Bursa as the most accurate information.
temptation1314
post Aug 30 2022, 12:40 PM

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QUOTE(Timmy Tan @ Aug 30 2022, 10:13 AM)
Who is lying now? Developer says not facing suspension, main contractor announced to Bursa that it has served suspension notice.
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Rule of thumb is always refer to news posted on mostly reputable one, bursa, theedge. Not some I know you don't know insider news.

Fact is the news already in and further supported by fact thay work already stop and no progress.
Red_rustyjelly
post Sep 8 2022, 12:16 PM

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QUOTE(kwpp123 @ Aug 29 2022, 09:18 PM)
i dont see any chance of fallen... the location is too good to be collapse
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Of course won't collapse. But may take ages to complete.

Just like another empire city.

temptation1314
post Sep 8 2022, 02:09 PM

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QUOTE(Red_rustyjelly @ Sep 8 2022, 12:16 PM)
Of course won't collapse. But may take ages to complete.

Just like another empire city.
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Pl*z* R*ky*t
kwpp123 P
post Sep 13 2022, 12:17 AM

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P R is really die already...not this
Thasmita
post Sep 13 2022, 05:44 AM

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QUOTE(temptation1314 @ Aug 30 2022, 12:40 PM)
Rule of thumb is always refer to news posted on mostly reputable one, bursa, theedge. Not some I know you don't know insider news.

Fact is the news already in and further supported by fact thay work already stop and no progress.
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Agree
icemanfx
post Sep 13 2022, 11:42 AM

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QUOTE(kwpp123 @ Sep 13 2022, 12:17 AM)
P R is really die already...not this
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If profit could be made, there will be white knight. However, how much losses/hair cut the developer is willing to take.

New owner may has different concept and idea.

This post has been edited by icemanfx: Sep 13 2022, 11:42 AM
Johnson1234
post Sep 20 2022, 02:07 PM

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Any update on the current progress? Or i shld say any progress?
jo5h_ua
post Oct 8 2022, 12:05 PM

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GDB Holdings Bhd is suing developer KSK Land Sdn Bhd to recover RM120.69 million that the builder claims is the sum it is owed by KSK Land's unit. #myedgeprop
Chonloo13
post Oct 8 2022, 12:14 PM

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The name also buruk d. Con9lay
Thasmita
post Oct 8 2022, 12:25 PM

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What’s the current status?
icemanfx
post Oct 9 2022, 02:21 AM

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QUOTE(jo5h_ua @ Oct 8 2022, 12:05 PM)
GDB Holdings Bhd is suing developer KSK Land Sdn Bhd to recover RM120.69 million that the builder claims is the sum it is owed by KSK Land's unit. #myedgeprop
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For the second main contractor to suspend works, the developer is financially stretched. won't be easy to find the third main contractor.

This post has been edited by icemanfx: Oct 9 2022, 02:23 AM
Cavatzu
post Oct 9 2022, 07:16 AM

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QUOTE(icemanfx @ Oct 9 2022, 02:21 AM)
For the second main contractor to suspend works, the developer is financially stretched. won't be easy to find the third main contractor.
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This really does not bode well. Whatever fancy imported materials and fixtures you have promised are not feasible with the rapidly diminishing RM.

This post has been edited by Cavatzu: Oct 9 2022, 07:56 AM
StarPrimo
post Oct 9 2022, 12:15 PM

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Any updates on current situation/progress??

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