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Hoorrayy

on January 07, 2008

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Got some profit today, but cant post because calculator not working. Will update soon!

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News Highlights (08.10.2009)

Tenaga Nasional Bhd (TNB MK, Buy , TP: RM9.90) is being sued for RM106.89m jointly by Irham Niaga Sdn Bhd (INSB) and Irham Niaga Logistics Sdn Bhd (INLSB), that involves an ongoing legal dispute with TNB’s subsidiary TNB Transmission Network Sdn Bhd (TNBT). The dispute dated back to 2005, when the former filed an arbitration proceeding for restitution of all rentals made to INSB and INLSB under 5 year tenancy agreements, which was responded by a counter-claim for wrongful repudiation of the tenancy agreements. Last July, the High Court dismissed TNBT’s application to set aside the arbitration awards and allowed with cost INSB’s and INLSB’s application to register and enforce the arbitration award against TNBT, which TNBT had later appealed against the court order. (Financial Daily) * * * * * Tenaga Nasional Berhad (TNB MK, Buy, TP:RM9.90) inked a renewable energy power purchase agreement (REPPA) with Pesaka Technologies Sdn Bhd for the 10MW mini hydro pr...

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