Despite the delays in the two projects, Cypark Resources Bhd remains a strong investment opportunity for potential buyers. The company's focus on renewable energy solutions, such as the Large Scale Solar 2 floating solar photovoltaic project and the solid waste modular advanced recovery and treatment waste-to-energy plant, positions it well for the future as the demand for clean energy continues to grow.

    Additionally, the discounted issue price of the private placement, at 38 sen per share, presents a good opportunity for investors to get in on the ground floor. With the company's share price having declined almost 49% year-to-date, now could be the time to buy low and hold for the long term.

    The proceeds from the private placement will be used to fund the development of the two projects, as well as provide working capital for the company. This inflow of cash will help Cypark Resources Bhd continue to push forward with its plans and bring these important renewable energy solutions to fruition.

    Overall, the future looks bright for Cypark Resources Bhd, and now could be the perfect time for investors to get involved. With a strong focus on renewable energy and a discounted issue price, the company presents a compelling investment opportunity.

Important Details about Cypark Resources Bhd's Private Placement Exercise:

• The private placement aims to raise approximately RM68 million through the sale of 178.94 million new shares, representing 30% of Cypark's issued shares.
• The issue price of 38 sen per share represents a discount of almost 8% to the volume-weighted average price of the units for the five market days leading up to Dec 27.
• Cypark's share price has declined almost 49% year-to-date.
• The proceeds of the placement will be used for working capital for the development of the Large Scale Solar 2 (LSS2) floating solar photovoltaic projects and the solid waste modular advanced recovery and treatment waste-to-energy (SMART WTE) plant.
• Both projects have been behind schedule, with the floating solar plant project now slated for May 2023 and the waste to energy project missing its latest targeted COD in September.
• The private placement is expected to be completed in Q1 2023.
• In December 2021, Cypark raised RM97 million through a private placement exercise for the development cost of the solar power plant facility and partial repayment of bank borrowings.
  

    In conclusion, Cypark Resources Bhd is a promising investment opportunity for potential buyers due to its focus on renewable energy solutions and the discounted issue price of its private placement exercise. The company's plans to develop the Large Scale Solar 2 floating solar photovoltaic project and the solid waste modular advanced recovery and treatment waste-to-energy plant position it well for the future as demand for clean energy continues to rise. The inflow of cash from the private placement will also provide the necessary working capital for the company to continue pushing forward with its plans. Despite delays in the projects, the future looks bright for Cypark Resources Bhd and now may be a good time for investors to get involved.