China puts prominent writers under house arrest as US Secretary of State John Kerry visits
(Reuters) – A prominent writer who has angered China by advocating Tibetan rights said she and her husband were placed under house arrest during a visit to Beijing by U.S. Secretary of State John Kerry.
Tsering Woeser told Reuters that state security officers had prevented her and her spouse, author Wang Lixiong, from leaving their home since they returned from a trip to the north of China on Tuesday.
Woeser, who has written several books on Tibet and last year was given a U.S. State Department “International Women of Courage Award,” said she was detained after a U.S. Embassy staffer telephoned to invite her to meet a U.S. official for dinner.
Kerry is currently in Beijing along with U.S. Treasury Secretary Jack Lew for annual talks with Chinese officials on political and economic issues.
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http://www.reuters.com/article/2014/07/09/us-usa-china-writers-idUSKBN0FE0X920140709?feedType=RSS&feedName=worldNews
Muscat was right; they come up with quick solutions.
Don’t wish to sound pedantic, but it was “astonishingly fast.”
http://daphnecaruanagalizia.com/2014/07/astonishing-isnt-it-how-quickly-you-can-take-decisions-when-youre-a-dictator-operating-in-a-totalitarian-system/
There is nothing astonishing or ‘surprising’ when it comes to dictatorships. Everything is extremely predictable.
That is the ones you were allowed to know about.
The Times of Malta today: “Malta to Gozo bridge technically feasible ,Prime Minister asks Chinese to consider the environment.”
Who decided that a bridge and not a tunnel is the solution?
Where is MEPA?
How much will the toll be to cross bridge?
After the ferry service becomes obsolete, how are we supposed to keep the bridge open if there is a dispute between the owners and Transport Malta?
Why is Muscat not seeking European Union funds?
Why wasn’t a call for an expression of interest launched?
“A Europe that tells the Calabrian fisherman to use a specific technique to catch tuna, but then turns its back when there are dead bodies in the sea, cannot call itself civilised,” – Matteo Renzi , prime minister of Italy
https://www.facebook.com/photo.php?fbid=10154298642495361&set=pcb.10154298642650361&type=1&theater
http://www.timesofmalta.com/articles/view/20140710/local/maltese-man-lucky-to-survive-pamplona-bull-run.527135
Il-Malti x’inhu bravu
An MOU (Memorandum of Understanding) is a wish list (not a bucket list) of good intentions like a child’s letter to Father Xmas. No feasibility studies just flowery language for the consumption of the masses. I wonder how many of the projects in the MOY are non-starters. After all the way to hell is paved with good intentions.
Meanwhile, here is Joseph Muscat in a 15 minute flirt with a junior (trainee, I would say) male reporter from China Daily who did not even bother to button up his shirt properly under the tie and is not wearing a jacket – and who does not seem impressed with Muscat’s hand gesturing which only serves to increase Muscat’s already huge volume around him.
http://video.chinadaily.com.cn/2014/0709/3435.shtml
Muscat comes across as a total snake oil merchant, almost complete with a red warning sign.
The way Muscat looks at his interviewer from the side of his eyes rather than facing him straight is sleazy to say the least.
And he looks so full of himself – can’t he learn how to control this sort of behaviour?
I would not even buy a used car from someone evidently acting in front of the camera like him, even if he told me that the car was on lease to the prime minister of the country where he comes from. Apparently you can take the man out of Super One, but you cannot take Super One out of the man.
I find his attitude damaging to the image of Malta, not helping it.
And does he enjoy listening to his own voice? Why does he give such long-winded answers to what is essentially yes or no questions? Who can be bothered to listen to his rambling? Are these long replies Muscat’s reaction to the vagina monologues?
He seems to use mainly that part of his brain dedicated to narrative – which is what he used for his l-orizzont articles and his Made in Brussels programmes, and which goes down well with the hamalli in Malta – rather than to logic, clear, concise and fast thinking, which is what he needs to communicate with Chinese billionaires.
He comes across as totally undynamic, unprepared, unable to think fast and to syncronise his speech with his thoughts. Contrast that with the style of Lawrence Gonzi.
Muscat never has numbers and concrete facts. He is textbook like in his arguments. He is so unconvincing.
Which Chinese billionaire businessman would be impressed with this interview?
According to China Daily, Muscat said that “China and Malta share the same interests.”
I hope BS (Saviour Balzan) of Malta Today, and the reporters from Ta’ Times – who have been hand picked by the Office of the Prime Minister to accompany the prime minister in China while other independent media were shunned and left behind – ask him to clarify what he means by that and to state which interests he was referring to.
China’s interests in the disregard for and violation of human rights and freedom of expression, as well as their central control style of government, are very well known and documented the world over. And so is China’s interest in despotic dictatorships in various parts of the world.
Ciccio, your video link’s not working. Do you have a better one?
http://www.maltatoday.com.mt/news/national/41030/muscat_tours_ecoindustrial_park_in_guiyang#.U75l6pSSyig
Muscat is shown around Foxxcon to have a look at the shape of things to come in Malta. That’s one technological concentration camp, everything from smartphones to satellite systems are produced in this people’s equivalent of an anthill.
I don’t suppose he was shown the netting fixed all around the building’s perimeter to prevent suicides.
To date no-one is allowed inside to view working conditions, nor are employees allowed anywhere near a microphone. Even because they’d be too scared to speak.
Cheap airtime filled with ‘tragedy’ works the regime’s agenda instead.
http://www.youtube.com/watch?v=PWFsMlRyJ7Q
Imagine a CEO determining a suicide rate to be ‘normal’.
http://www.youtube.com/watch?v=aBoFxpM1UY0
The reality taken by one of the ‘products’ made at one of its plants; 12hour shifts, 13 day week, 1 day off.
http://www.youtube.com/watch?v=V3YFGixp9Jw
So we’re hungry and foolish.
Now that prime minister Joseph Muscat has published the MOU signed with the communist dictatorship in China on 9 July 2014 under the attention of selected Maltese media at The Great Hall of the People in Tienanmen Square, what exactly is stopping him from publishing the secret MOU which he signed in China on 8 April 2010?
Shouldn’t BS (Saviour Balzan of Malta Today) and The Times’ reporters corner the prime minister on his way back to Malta and ask him for a pdf copy to be published online?
The MOUs are virtually identical: an agreement between Malta and China obliging Malta to be China’s vassal in the EU.
We know this because Muscat famously told us so himself.
Why is Joseph Muscat dealing with a World Bank blacklisted company?
https://www.youtube.com/watch?v=OKWSx4S1oLI&feature=youtu.be
Meanwhile, here in Europe.
“10 July 2014 – Gasol plc – Results of General Meeting
Gasol announces that at the General Meeting held this morning the resolution to cancel the admission to trading of the Company’s Ordinary Shares on the AIM Market of the London Stock Exchange plc was approved by shareholders. The resolution, which was considered as a special resolution, was approved on a poll with 99.75% of votes in favour.
It is expected that trading in the Ordinary Shares of the Company on AIM will cease at close of business on Friday 18 July 2014 and cancellation of admission of its ordinary shares to trading on AIM will take effect on Monday 21 July 2014.”
http://hsstag.investis.com/ir/gas/ir.jsp?page=news-item&item=1806048780353536
Gasol plc is now no longer subject to public scrutiny via the London Stock Exchange AIM market. Gasol is controlled by a Seychelles company called African Gas Development Corporation Limited, about which no public information is available, particularly about shareholders and directors.
Gasol is expected to hold 30% of the capital of Electro-Gas Malta Limited, a company to be formed to execute the award of a contract by Enemalta for the supply of electricity for 18 years. Gasol, a cash shell company, claims that it is the lead developer of the project.
Alla jbierek kemm taf igib business u flus lejn Malta Muscat.
Vera wicc ta qahba biex tiftahar u tipoza mal-Gvern Ciniz.
http://www.christusrex.org/www1/sdc/hr_facts.html
Excellent, now that Ms. Mizzi has shown that she has no problem giving details of her post in China (or wherever) to media selected by the Office of the Prime Minister, why is the government still dragging its feet about the publication of her contract?
http://www.timesofmalta.com/articles/view/20140710/local/sai-mizzi-denies-she-gets-13000-monthly-says-such-claims-hurt.527152
http://www.independent.com.mt/articles/2014-07-10/news/sai-mizzi-chooses-to-speak-to-selected-media-5787779072/
I suppose that if Ms. Mizzi has been very forthcoming about disclosing her remuneration amounts to ‘selected’ media outlets, the transparent new government of Joseph Muscat should have no excuses, like that it is “not prudent,” or “not in the national interest,” to publish a contract of employment of an Ambassador earning a measly Eur 3,000 per month.
How could an Ambassador earning ‘only’ Eur 3,000 per month be party to a contract which threatens the national security?
Let’s face it: which Ambassador will accept ‘only’ Eur 3,000 per month for a job specified in a contract that is a threat to “national secuirty”? Surely a job which carries risks to national security would be paid much more than Eur 3,000 per month?
Other than the remuneration, what could be really so confidential in Ms. Mizzi’s contract? Why should the government set out national security secrets in a contract with an Ambassador paid ‘only’ Eur 3,000 per month?
Sai Mizzi Lang has finally spoken (or been allowed to speak?).
http://www.timesofmalta.com/articles/view/20140710/local/sai-mizzi-denies-she-gets-13000-monthly-says-such-claims-hurt.527152
http://www.timesofmalta.com/articles/view/20140710/local/sai-mizzi-denies-she-gets-13000-monthly-says-such-claims-hurt.527152
Perhaps the journalist should have asked whether Mrs.Mizzi was willing to disclose her contract, location and contact details. That’s my money we’re talking about.
Kill the story then Ariadne, the poor thing’s ‘hurt’.
I am impressed by Mrs. Mizzi’s arrogance. She told PBS – and I think Times of Malta too – that she is the one with the best qualifications in Malta for her job.
Ah, so now she decides who is best qualified for her job.
On the grounds that she’s a native Chinese speaker with a business degree. I can think of a couple of fluent Chinese speakers with business degrees who are native Maltese.
http://www.maltatoday.com.mt/news/national/41047/pm_talks_of_logistics_centre_for_chinese_trade#.U76f55SSyig
Obviously Muscat won’t mention any particular ‘target’ Saviour, not when the plan is to sabotage a continent on its way to the paradigm shift.
But that, I presume, is beyond your ecological credentials, stuck as you are in the old school marxist strain of green.
I suggest you look up Horizon 2020, 80 billion euros reserved for the EU’s groundbreaking technology to come to the fore, leaving Putin and the Chinese in love with each other’s resources.
Of course, I don’t see Jeffrey doing anything with those, and nor do you.
No wonder China loves Labour, they just share envy for an evolved, chic West. One where less is more, where liberty involves partaking in one’s future and no shady memo of understanding, written to distort understanding, can ever take place.
If it’s true the Chinese reserve the right to take over our elections to preserve 2019, or its inverse, the PN could just start tearing up each and every ‘condition’ and technology sharing scam there is in that scrap book.
I’m sure Metsola, Helga Ellul and a bejta avukati can. Ejja sinjuri, Maltin fino all’ultimo kien jghid xi hadd.
Never was Busuttil so essential as the leader of the only barrier between us and economic collapse, bringing freedom, built over 25 years of nationalist rule, down with it.
Before we’re shunned and every sector’s turned into a scam, financial services turning into a Cyprus for a start.
Busuttil won’t do it. We’re on our own, my friends.
Let’s hope Helga Ellul won’t be co opted by Muscat to run his free trade zones.
http://www.theguardian.com/world/2014/jul/10/john-kerry-hits-out-at-chinese-cyber-spying
http://www.timesofmalta.com/articles/view/20140710/local/updated-pn-stands-by-claims-as-sai-mizzi-denies-she-gets-13000-monthly.527152
Tridha tad-Duluri, imma ħa**ejja daqs dil-mara Ċiniża għad irrid nara!
Sai, rridu naraw huma l-payslips, biex forsi nemmnu biċċa milli qed tgħid.
Jien naħseb li Konrad kien se jitlaq minn ministru jekk mhux ukoll mill-parlament u biex isoddu Joseph ta paga oħra lill-mara tieghu.
Għalija bejn din il-“koppja”(dawn mifrudin) u Joseph hemm xi tip ta’ arranġament sigriet.
I must admit that I know nothing about this writer.
We must however admit that some writers and so called journalists are nothing but paid agitators whose task is to cause trouble to the govt. with whom they do not agree, most of the times for vested interests.
You find these all over and it is the duty of the authorities to keep them under control in the interest of their countries.
Liberty of speech does in no way mean liberty to spread false rumours and plain lies.
If you do not agree with your government, it is not necessary to tell a lie. It is only necessary to speak your mind.
Lots more Tibetans and many more Chinese would do st if heir government didn’t have your mindset.
Fuck off to Beijing, Loporto. And don’t forget to switch off your internet.
He doesn’t need to. China takes will take care of that. Docial media is virtually inaccessible in China, unless it’s Chinese and under government control.
of course I’ll f…k off to , Beijing, as soon as Lufthansa starts offering cheap flights .
But no, I will not switch off my internet.
What would life be like if I would not be able to follow what God’s and Daphne’s gift, Baxxter, is writing.
You won’t miss me. Neither will I.
Yes I’ll miss you, if you promise to be a good chap and do whatever Daphne tells you, I might take you with me.
Ask a silly question and expect a silly answer
Liberty of speech? That’s a good one, Loporto!
Then how about you insists that the prime minister you elected gives journalists some proper answers to their questions, instead of running away or using ‘see what the others did’ responses?
Regulars here will know about the claims by government, published in Times of Malta and repeated by Joseph Muscat in his debate with Simon Busuttil before the MEP elections in May, that the Electrogas Consortium had signed the “power deal.”
Neither the government nor The Times (or any other news media) ever clarified which deal that was. I am convinced that the signing related only to a share purchase agreement for the shares of Malta Power and Gas Limited.
Later on, Minister Konrad Mizzi repeated the claim that “all four shareholders of Electrogas – the UK’s Gasol, Azerbaijan’s Socar, Siemens and local consortium GEM holdings – have put pen to paper on the contract” with Ivan Camilleri of The Times, but again, did not give any details to identify the nature of “the contract.” The Times does not seem particularly interested in pressing the Minister or the government about the facts.
http://www.timesofmalta.com/articles/view/20140522/local/power-deal-signed-but-upfront-30-million-payment-is-staggered.520110
I had mentioned here that Enemalta had not issued any statements about the signing of a “power deal” – and it does not seem they have to date.
Interestingly, however, their website continues to state that:
“Enemalta is working on the finalisation of a power purchase agreement (PPA) and a Gas-supply Agreement (GSA) with ElectroGas Malta Consortium, for the building, owning, operating and maintaining of a new LNG delivery, storage, re-gasification and natural gas supply facility, as well as and a new natural gas-fired 215 MW combined cycle gas turbine electricity generation plant together with all necessary infrastructure connections to Enemalta’s electricity distribution network, at Delimara.
The contractor will enter an 18-year agreement to supply Enemalta with electricity and liquefied natural gas. This is consistent with the Government’s strategy of meeting the Islands’ energy demands at the lowest long-term cost, taking full account of safety as well as environmental and other related responsibilities. This new investment will enhance Malta’s efficiency in generation to approximately 53% and reduce emissions by 50% and particulate matter by 90%.”
http://www.enemalta.com.mt/index.aspx?cat=3&art=218
Enough said.
Read this
http://www.theguardian.com/world/2014/jul/10/china-hackers-us-government-employee-database
While on the subject of China and Chinese:
http://www.independent.com.mt/articles/2014-07-10/news/chinese-man-accused-of-human-traffickingrunning-3-brothels-5790171136/?utm_source=twitterfeed&utm_medium=facebook
What do the Chinese get in return now? What did they get when they helped Mintoff in the 1970s? This is a genuine question because I don’t really understand why they should bother with Malta which has an economy the size of a small town.
China’s interest in Malta is not economic, it’s political – whatever Muscat says.
Malta’s market is so small, China’s interest is definitely not economic. It is political, it is ideological and China will be using Malta as a foot in the door leading to Europe’s market of 500 million people.
China’s payments to the Malta government for this or that are regarded as the cost of building a gateway to business in the European Union. No more, and no less than that.
If Ms Sai Mizzi Liang had three interviews, Malta Today , Times of Malta and PBS, in all three of them she pointed out how “hurt” she was, that she’s the most qualified person for the job (I’m the best !), that she has “something around €3,000” as salary while looking up to the ceiling as she said this,and that she is ready to publish her FS3 (but not her contract).
Now I understand why not all the media were invited to cover this visit.
“Ms Mizzi later this year is also expected to head a new Maltese consulate in Shanghai.”
http://www.timesofmalta.com/articles/view/20140711/local/sai-mizzi-explains-some-of-her-work-digital-company-eyes-malta-free-trade-zone.527272
(I also wonder whether Sai Mizzi Lang has ‘chosen’ to speak to the Maltese press specifically on the day Joseph Muscat attended a conference in China.)
Sai Mizzi didn’t choose to speak to the media and she didn’t choose what to say. Someone else took those decisions.
Ah, bingo. Now Muscat has a ‘new’ toy to play with: the economic Silk Road with China. It is after all, the flipside of his “roadmap,” where, as I said, all roads lead to China.
MaltaToday:
http://www.maltatoday.com.mt/news/national/41076/blue_silk_road_initiative_welcomed_by_maltese_premier
“This afternoon the Prime Minister addressed a workshop where he talked about the establishment of a green, and blue, Silk Road.
“This requires the creation of a common vision supported by commitment by all concerned,” he said.
The Chinese government are exhuming the concept of the Silk Road, an ancient trading route that connected West to East, to bolster trade.
A former Chinese senior foreign policy advisor invited to the conference outlined the philosophy of the Silk Road, making reference to Bertrand Russells’ writings about merging civilisations.
Times of Malta:
http://www.timesofmalta.com/articles/view/20140711/local/updated-muscat-says-malta-china-energy-venture-is-formula-for-success.527232
“Dr Muscat later also addressed the Green Silk Road sub-forum.
He underlined the importance of connectivity, saying the revival of the Silk Road to instill stability through connectivity in trade posed a momentous opportunity in a world where social, political and economic contexts have evolved dramatically over the centuries whilst the physical geography remained practically the same.”
But as usual, you first read about it on this website. See comments on the subject here.
http://daphnecaruanagalizia.com/2013/12/why-is-anybody-surprised-that-joseph-muscats-government-is-to-receive-ukrainian-president-viktor-yanukovych/
http://daphnecaruanagalizia.com/2014/01/chinese-tycoon-tries-to-buy-the-new-york-times-to-change-its-editorial-focus-and-make-it-a-platform-for-positive-news-about-china/
Yes, I am now more convinced than ever that Shiv Nair is central to all this business with China, and that the media should press the prime minister to publish the MOU signed with China during his visit there in April 2010.
Malta is now pushing the Chinese agenda too far. It is time that the matter goes up in the political agenda.
It’s a buyer’s market with the Chinese, desperate as they are to find some form of demand.
That’s all we need to understand.
Muscat was the only government leader at the forum in Guiyang. The keynote speech he gave was China’s, not Malta’s.
China is dealing with Muscat the way they deal with third world puppet dictators.
Worth a read on this subject:
http://www.timesofmalta.com/articles/view/20140711/opinion/China-fication-of-Malta.527203
Times of Malta asked Konrad Mizzi for a status report on the new power station.
The Minister replied:
“Yes, essentially developments are under way. Over the last week or 10 days they’ve started drilling holes, essentially, to submit further tests, essentially. The designs have now – my understanding is that they are complete. The vessel is also being developed as we speak, and obviously shortly over the summer we will also see works being undertaken at the Delimara site…(reference to SOCAR)…We are keen to see it through as planned.”
Check my transcript here (last bit of the video clip):
http://www.timesofmalta.com/articles/view/20140711/local/power-station-drilling-works-started-mizzi.527285
Ok, so according to the Minister, some holes have been drilled into the ground – probably by some experts – in order to take samples from the ground to have them checked for the type of underlying rock, stability and so forth. This type of work would usually form part of site identification at a very preliminary phase of the project, and although critical, it does not represent any development.
Yet, Kurt Sansone tells us:
“Power station drilling works started – Mizzi”
And he also says:
“Works on the Delimara gas power station and LNG terminal have started, according to Energy Minister Konrad Mizzi.
Boreholes were drilled into the ground over the past weeks as part of the works required for the foundations, he told timesofmalta.com.”
How misleading is that?
Readers are likely to interpret this as work has started on the excavation of the foundations.
But we have it on video from the Minister himself. Did he mention the foundations? Or did he mention “holes” and “tests”?
The news should state the opposite of what it says: that works at Delimara have not started as yet. Only drilling for (ground) testing has been done.
I actually have doubts if they have the results of those tests as yet – the Minister only mentioned the drilling.
Times of Malta is seriously risking its credibility here. And it seems that this is an agenda.
I despair.
Here is project status according to Enemalta:
http://www.enemalta.com.mt/index.aspx?cat=3&art=218
“Enemalta is working on the finalisation of a power purchase agreement (PPA) and a Gas-supply Agreement (GSA) with ElectroGas Malta Consortium…”
Oh, and another thing. The Minister is not sure that the designs are complete. He covers his *rse by saying that it is his understanding that they are complete.
So if there is still the possibility that the designs are not complete, what is the possibility that works have started?
The truth is that Gasol plc, which is the lead developer of the project, has been more focused on its extraordinary general meeting held yesterday to have the company delisted from the London Stock Exchange Alternative Investment Market and hidded from public view, than on starting the Malta project.
I said before that this is a piece is an example of “gurnalizmu laghqi.”
http://www.maltatoday.com.mt/news/national/40968/muscat_heads_to_bejing_to_sign_maltachina_agreement
In this piece, BS (Saviour Balzan) reports:
“Former UK Prime Minister Tony Blair and former German Chancellor Gerhard Shroeder will also be attending this forum.”
How does he know? Because Joseph and the Chinese told him?
Tony Blair and Gerhard Shroeder were at the Guiyang Forum in previous years – not this year.
Balzan Saviour himself reports today:
“Earlier in the day, Muscat together with other foreign and Chinese dignitaries planted a tree as a symbolic gesture. He did this next to the trees planted by Tony Blair and Gerhard Shroeder in previous Eco-forum conferences.”
http://www.maltatoday.com.mt/news/national/41076/blue_silk_road_initiative_welcomed_by_maltese_premier
So did Teshome Mulatu, President of Ethiopia, Sergei Ivanov, Chief of Staff of Vladimir Putin, and Ham Lini, Deputy Prime Minister of Vanuatu plant a tree? Was Muscat’s tree planted next to theirs, or in a different part of the garden?
Anke bicca sigra se tintuza ghal propaganda.
More Breaking News.
On 9 July 2014, the MFSA has renamed Malta Power and Gas Limited as Electrogas Malta Limited. There was no news of this in the Maltese media.
Our reasoning on this website about this renaming process was correct all along.
What is of interest is that this name change occurred the day before Gasol plc – which holds an interest in Electrogas Malta Limited indirectly through Gasol LNG Import Limited – approved a shareholders’ resolution to delist from the London Stock Exchange Alternative Investments Market (AIM).
Gasol had reported that Malta Power and Gas Limited will be renamed Electrogas Malta Limited once the financing for the Malta project was finalised.
1. Have they finalised the financing?
2. Is that financing related to the delisting – like was delisting a condition of the financing, and financing a condition for delisting? This is the big question now.
By delisting, Gasol has reduced the extent of its transparency – it will not be required to make public announcements about its important business deals or events.
Its decision to go for a delisting at the point where it was about to start the execution of a project in Malta is very unusual.
But as things have happened, dates and all, I am now ‘morally convinced’ that the control of Gasol has been taken over by whoever will be providing the finance for the Malta project. It is possible, and indeed probable, that the financing will be provided as capital, and this will result in a change of effective ownership of Gasol.
Gasol is controlled by African Gas Development Corporation Limited, a private company registered in the Seychelles. The Seychelles is an offshore centre known to have minimal transparency in the registration of companies, and especially in the publication of details of shareholders and directors.
The Maltese public should know who controls African Gas Development Corporation Limited, and who will control Gasol going forward.
And there is more to be clarified. Gasol was supposed to own 30% of Electrogas Malta Limited. The company which is registered as a 30% shareholder of Electrogas Malta Limited is Gasol LNG Imports Limited, which Gasol claims is its subsidiary. No information is readily available about the extent of ownership interest by Gasol in Gasol LNG Imports Limited – so it cannot be excluded that there may be other shareholders involved in Gasol LNG Imports Limited. If this is the case, then Gasol would not be owning in full 30% of Electrogas Malta Limited, and other parties would be part-owning in that 30%.
Gasol claims that it is the lead developer of the gas power plant at Delimara – on which the career of prime minister Joseph Muscat hinges.
The development of 9 July 2014 should confirm further why no works have started at Delimara, except for some ground tests.
If financing has just been put in place, it is only now that the directors of Electrogas Malta Limited have access to money which they can start committing to works.
Had those directors committed their company to significant works (such as excavation) without the commitment of funds in the form of loans or share capital, the directors would be overtrading and would be exposing the company to bankruptcy and to commitments which it might not be able to honour, especially if the financing negotiations had failed.
However, there is no publicly available information on whether Electrogas Malta Limited now has the financing necessary for the project. There have been no statements by Gasol plc about this, and it seems that Enemalta has stopped updating its website with developments on this project.
I’m really worried that they won’t find anyone to finance this project and BOV will be ordered to fork out the money to finance this dubious contract to a shady company.
Actually, the resolution to change the company name that was filed at the MFSA is dated 11 June 2014 and only a Gasol representative has signed it (even though everyone has to for the change to be effective according to law).
The change of name was effective from 9 July 2014, again according to a certificate as issued by the MFSA.
The statement from Gasol with respect to withdrawing their listing on AIM is dated 23 June 2014.
So they filed to change the company name (and the MFSA seem to have accepted it even though it was not signed off by the other stakeholders) and then announced their intention to delist from AIM.
There you go.