OTHERS UPDATE ON PROGRESS OF BOT CONTRACT AND THE GOVERNMENT GUARANTEE FOR THE INVESTMENT PROJECT OF BUILDING OF SONG HAU 2 THERMAL POWER PLANT IN VIETNAM

Company Name TOYO VENTURES HOLDINGS BERHAD
Stock Name TOYOVEN
Date Announced 24 Jun 2022
Category General Announcement for PLC
Reference Number GA1-23062022-00015

Type Announcement
Subject OTHERS
Description
UPDATE ON PROGRESS OF BOT CONTRACT AND THE GOVERNMENT GUARANTEE FOR THE INVESTMENT PROJECT OF BUILDING OF SONG HAU 2 THERMAL POWER PLANT IN VIETNAM

With reference to the Company’s announcement made on 29 December 2020 on the execution of the BOT Contract with the Ministry of Industry and Trade of the Socialist Republic of Vietnam (“MOIT”) and the Government Guarantee (“GGU”) with the Government of the Socialist Republic of Vietnam for the investment and development of “Song Hau 2 Thermal Power Plant Project” in Vietnam (“the Project”), the Board of Directors of TVHB wishes to announce that the Company’s  wholly-owned subsidiary, Toyo Ink Group Berhad is in the midst of preparation of the relevant  documents to meet the financial close which was extended to 24 June 2022 by the MOIT vide their letter dated 21 March 2022. The meeting of the performance of the financial obligations would need MOIT approval.

TVHB will make the necessary announcement on the progress of the Song Hau 2 Thermal Power Plant Project to Bursa Securities in due course.

This announcement is dated 24 June 2022.






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