PETALING JAYA: Zelan Bhd has received 121.63 million dirhams (RM104.97mil)
from Meena Holdings LLC, owner of Meena Plaza mixed-use development project in
Abu Dhabi, United Arab Emirates.
In a filing with Bursa Malaysia, Zelan said the payment made on Monday was in
with the terms and conditions of the second supplementary agreement (SSA). It
said it would continue with the Meena Plaza project on October 1 and required 15
months to complete it, as provided under the SSA.
In April, Zelan and Meena Holdings had entered into the SSA to resolve the
dispute between both parties from the contract termination about two years ago
on the project.
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