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georgihh
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Where is photo?wheres the proof?
Where is photo?wheres the proof?
Article from South African newspaperwheres the proof?
I'm still waiting for some proof.Article from South African newspaper
M&R's Trump project suspended
Dec 01 2008 17:18
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Company Data
M&R HLD (MUR)
Last trade: R40.32
Change(%): -0.44
Cumulative Volume: 1.40m
Market Cap: R13.44bn
Johannesburg - South African construction and engineering group Murray & Roberts (MUR) and its partner, Leighton Habtoor, were advised on Sunday that subject to contract, the Trump Towers project in Dubai would be suspended by its developer Nakheel until such time as the global economic system stabilises.
"The 50% value of this contract in the group order book at 30 September 2008 amounted to R3.2 billion, of which R0.5 billion relates to the current financial year," the South African group said on Monday.
"Murray & Roberts in partnership with Leighton Habtoor is in advanced negotiation to secure additional infrastructure work for the Dubai government and the suspension of Trump Towers is not therefore expected to have a material impact on the Group's prospects," it added.
"The group is committed to deliver its performance promise and reiterates its Business Update of 25 November 2008, including its advice that 'Shareholders are cautioned to be prudent with this guidance as the potential impact of current market volatility may manifest itself on construction sector and group performance in the future'. Further announcements will be made as necessary," the group stated.
- I-Net Bridge