Meeting dated 15 Dec 2008 at State Secretary Building Shah Alam
The meeting was chaired by YB Saari and was attended by the Developer, Architect, Syabas, SPAN, PHUKB Comm (Dr Rafick/Mohd Ali), a state approved PMC and others
In the meeting, the state has informed the developer that it intended to intervene the project for the sake of house buyers. All parties was offered to give their briefing. The outcome of the meeting is as follows:
1. The developer is to provide by next monday to the Housing Board by the 22nd Dec a revise project schedule and cash flow projections.
2. By the next meeting, the state will make its decision on the mechanism it wants to ensure the project continuity.
3. The committee will be kept inform of the progress.
4. The state appointed PMC will meet the Bond holders.
The committee will continue to the update the house purchaser accordingly.