Sorry meant not motorcycle friendly

You drive abit and you see what I mean

means purchase 100, get back Rm 50?

damn...we thought bond is secure. couldnt be more wrong.
the coupon rate is probably 2-3 % higher than FD. not worth the risk man

My viewlar, GOMEN should compulsorily acquire MEX and confiscate personal property/asset/cash to compensate MEX2 Bondholders, its attributed by the mismanagement in the company that this shit is stinking up the entire KL.

After that the difference, will be absorb by the white knight with some haircut if needed but not 50%lar, come on...

Yalar, all this Alibaba talk cock and blow air only, their strategy no different from PE company actually. Go in the company and strip the company all of its assets and run it to the group. Classic case of American Red Lobster chain, business not doing well, PE company come in. Most of their property they buy, so what happen is the PE company make Red Lobster to sell all their property to PE company on a "sale-leaseback" arrangement. The rental alone to the PE company is nuts. In the end they ran it to the ground.

I memang ride moto on MEX. Yeah I've seen people take corners very fast on MEX.

Bond is just priority creditor if company in distress/bankruptcy. But this time i'm surprise the bondholder didn't drag in Maju Holding boss as guarantor since it is not listed company.
Macam different entity from what i've read on the edge

MEX - Under MEX Sdn Bhd
MEX 2 - Under MEX 2 Sdn Bhd

Unless the bondholder who lend money for MEX 2 request for guarantor using MEX Sdn Bhd, then they can confiscate MEX to recover.

Most likely Amanat Lebuhraya Rakyat (ALR) will take over this MEX and MEX 2, issue bond using government as guarantor, finish up the highway, clean up the mess and give a longer concessionaire to recoup the losses.

Agree with you, is different entity that issued the bonds.

What I am saying is extreme circumstance, if they decide to lift the corporate veil, it all leads back to one person. Millions disappeared, you mean us a the major shareholder and chairman, he has no idea what is happening in his own company, then i am a bit worried.

Either way MEX 2 is royally fcked. Now one is going to touch this toxic shet and it will remain idle. I don't think the GOMEN is in a hurry to revive it as well.

wait MACC investigate and recoup all the loses because of songlap, this will take at least few year. A bit same like 1MDB case.

MACC investigating RM416 million false claims and the shortfall to complete the project is RM900 million. Fuuuuuuuu.

They're incentivised or rather not discouraged to take racing lines. Sone corners wide and forgiving

Bad combo for rainy day, fast driver and heavy traffic

1.3 billion could have funded another mrt line

ingat gomen kasi bail out :X

I remember in 2017 I always go to KWAP office cyberjaya for project, and seeing the progress, manatau dah berhenti

1.3billion not coming from government pocket also, it is funded by bondholders.

I memang ride moto on MEX. Yeah I've seen people take corners very fast on MEX.

PuAS : ni Semua Salah Nons suka memberi rasuah

Classic story of masuk pocket dulu, yang kerja jujur tinggal kemudian.

Main priority gone wrong.

but But But nanti bailout or revise contract gomen telan cost. And bond holders many are glc banks and epf too… our money

Asalkan ore yg dapat projek.

Korang Tau bikin highway meh?

Baik kito pegang. Janji semua kita pegang. Kerja siap Tak siap itu lain hari citer wokay?

This story is exactly why you won't want regime change.

Make sure you keep vote the same party.

For continuing and perpetuality of the project.

Sepang folks learnt the hard way, let's hope other states or cities don't have to learn the hard way