Malakoff meterai enam projek solar baharu

KUALA LUMPUR: Anak syarikat Malakoff Corporation Bhd, Malakoff Radiance Sdn Bhd selesai memeterai enam perjanjian pembelian tenaga solar (SPPA) bagi membangunkan sistem panel tenaga solar atas bumbung dengan syarikat di bawah Kumpulan DRB-HICOM.

Malakoff dalam satu kenyataan hari ini berkata, SPPA itu membabitkan syarikat cabang pembuatan dan kejuruteraan DRB-Hicom iaitu CTRM Aero Composites Sdn Bhd, HICOM Automotive Manufacturers (Malaysia) Sdn Bhd, Isuzu HICOM (M) Sdn Bhd, HICOM Teck-See Manufacturing Sdn Bhd, HICOM Bhd dan Motosikal dan Enjin Nasional Sdn Bhd.

Kemudahan solar itu akan dipasang di bawah kontrak bina-milik-kendali-pindah sebagai sebahagian daripada tempoh 25 tahun SPPA berkenaan.

"Sebaik saja siap, kemudahan itu dijangka menjana 18,836 megawatt jam (MWj) tenaga elektrik bersih setahun. Ini akan secara kolektif meneutralkan sekitar 13,072 tan pelepasan karbon setahun daripada industri pembuatan," katanya.

Malakoff berkata, ia baru-baru ini memperoleh projek solar atas bumbung lain dengan AEON Co (M) Bhd, Northport (Malaysia) Bhd, Johor Port Bhd dan Pos Malaysia Bhd.

"Semua projek ini jika digabungkan, dengan kapasiti keseluruhan 25,444 kWp (kilowatt peak), akan menjana 33,243 MWj setahun dan meneutralkan 23,070 tan pelepasan karbon setahun," katanya.

Pengarah Urusan dan Ketua Pegawai Eksekutif Malakoff, Anwar Syahrin Abdul Ajib, berkata syarikat itu berada di landasan yang tepat untuk merebut peluang dalam sektor tenaga boleh diperbaharui kerana projek itu adalah satu lagi kejayaan dalam pengembangan segmen solar atas bumbung.

"Kami memiliki kapasiti dan kemampuan untuk meneruskan kerjasama dan usaha sama dengan mana-mana entiti perniagaan untuk sistem solar atas bumbung.

"Sebagai penggiat utama dalam sektor pengurusan tenaga dan sisa, pelanggan dan rakan kongsi kami mempercayai kemampuan kami untuk membantu mereka mencapai agenda mereka dalam menangani pelepasan karbon," katanya. -- Bernama

Likely apply for another extension on 3rd Aug as they unable to make another new offer within 6 months after the first offer lapsed. Nevertheless, chances the new offer will be good as they are determined to take FGV private at all costs.

1. Felda still keen to takeover & delist FGV;
2. Felda currently negotiating with Pahang & Sabah state govt for their 5% and 4% holding respectively;
3. Ain't a negotiation when Felda has nothing new to offer (new offer price maybe?)
4. Govt agreed partial waiver of RM8.3b debts of Felda (more cash available for Felda to offer higher price?)
5. If Felda raises higher offer price, they no need to pay extra to those already accepted the RM1.30 offer.

What's the odd? RM1.30 or new price?

1. FGV has until 3rd Aug to comply with Public Spread Requirement (PSR);
2. To comply with PSR, FGV firstly need to stop buying from open market and secondly to either dispose its current share holding or to issue PP to new investors before the deadline;
3. On 3rd Aug, either FGV able to comply and maintain its listing status OR to ask for further extension so that FGV can make another new offer (after 6 months i.e. 15th Sep?) to successfully takeover and delist the company.

Conclusion : Since the mandatory takeover offer lapsed on 15th March 2021, FGV kept reducing its PSR by acquiring more shares from open market and hence, FGV probably has plans to make the takeover happens....a new offer price maybe? Just my 2sen though....

Hi, how do you confirmed that shares are tied up and unable to sell? What you meant shares tied up with registrar's office?

Cheers...

>>>Posted by liewkamchong888 > Mar 28, 2021 8:25 AM | Report Abuse

It's easy to push up the shares at this moment as many shares 80 %,or more are tied up at the registrar's office.

Hi All

Any possibility FELDA press down the price by selling some of its shareholding and came back 6 mths later will similar 1.30 price or lower, depending on VWAP?

Cheers...

Extract -

Based on the above, RHB Investment Bank’s view is the Offer is NOT FAIR as the Offer Price of RM1.30 per Offer Share is lower and represents a discount of between RM0.12 (8.5%) and RM0.30 (18.8%) over the range of estimated value per FGV Share derived using the SOPV method of between RM1.42 and RM1.60.

Have a safe weekend everyone. Cheers

Breaking new high, everything is good as of now.

Just continue to enjoy the ride guys...

Have a safe weekend.

Minority shareholders please do not freak out...

Those who rejected the RM1.30 offer have nothing to lose. I presume many MI here worry once they rejected, they will be given a price lower than RM1.30 or even lost their shares entirely on whatsoever price given by FELDA later on.

FELDA may compulsorily acquire the shares of the remaining shareholders who had not accepted the takeover offer if FELDA has received 90% acceptances ie RM1.30 offer price (excluding the shares already held by FELDA or persons acting in concert) within four months after the making of the takeover offer.

If FELDA do not receive 90% acceptances, FELDA has to make application to court to compulsory acquire the shares of the remaining shareholders. The court may only grant an order upon it being satisfied that, among one of the conditions the offer price is fair and reasonable.

Hence, in conclusion FELDA will still give you RM1.30 to compulsory acquire your shares if FELDA has received 90% acceptance or go through court if less than 90% to acquire your shares at RM1.30 or entice you with a higher offer price. The wise decision to make at this juncture is obvious.

Have a safe

Good price at closing. Uptrend intact, sit back relax

At 4.04pm, 348,300 shares transacted at RM1.30

Why wanna accept offer at RM1.30?

Lets see the price can sustain or probably how far she can go before Jan 20th.

A question many would like to know the answer is probably the best next action to do before Feb 2nd.

Sell now?
Accept RM1.30 offer?
Or Reject and hold for a possible revised Offer Price?

Just my 2sen - I would opt for the latter!

Cheers

CNY rally just started for DIY

Any price below 2.20 is very much attractive but in view of current political climate, is always prudent to wait for another day or price at 2.00 to 2.10 range

@ UlarSawa...agreed and thanks for kind ur reply

At 10% profits, selling at 65 sen can easily be achieved when reenter at 59 sen ie the support price.

Happy New Year everyone! May 2021 brings more health and happiness to everyone.

@ UlarSawa...Btw, just wondering how u wanna fight or plan to fight the so-called lanun?

Support is there as of now at 59sen. Monitor till Thu then consider next course of actions...

Price below RM6 probably attract many interest to re-enter...shall see tomorrow or Thus

Highly speculative counter to the extreme until to the extend that the directors came out shouting 50 sen 50 sen. Trade cautiously, wish everyone able to invest with clear mind and earn good returns...

Not much upside/gains for current price 1.28 when MO from Felda at 1.30, unless price revision to 1.35 or higher or maybe SM counter with even higher price but the later scenario is low probability. No retails under sound mind would enter at 1.28 now...

Just follow the flow of the directors....

Still puzzled is it 10% gain not attractive or there’s much more earning opportunities out there or 1.30 offer is a fake, which resulted in so much condemnation here?

Interesting question to ask is whether the counter is allowed to be lifted from suspension to resume trading should the board has submitted an appeal before the dateline Jan 3rd.

Share price continues to be in down trend...cant see any support yet. This week probably continue to be soft

I doubt so. Today’s market expected continue to be soft. Anyway, we shall see...anything can happen or totally no such goreng things in KAG anymore.

Dispose then announcement or announcement then only dispose? For the KAG directors is run first then....only make announcement.

Selling left to right among themselves?

New low by the days...where are the support?

Directors who subscribed RI have offloaded significant numbers...why? Bleak future?

This KNM forum has reached new low in parallel with its share price. It’s a pitiful sight indeed for both situations...

KNM needs to have “Wow Factors” to attract new investors or funds to buy in. Try take a look of those loss making companies which merely do some announcements on MOU or plans on diversification into Healthcare related industry. Or can u imagine a property development co doing gloves? And walla!, the share price fly to the moon....after reaching the moon what come next eventually is another story. Cheers guys! Have a prosperous week ahead!

Just matter of time it will start to goreng. Those big boys aint silly subscribing RI for nothing. The only way is up...

Brader2 semua stay strong, tunggu minggu depan fly mcm RXZ. Biar putih tulang jangan putih mata....

Tunggu sampai kaunter2 glove, tech, healthcare rebound besok..ataupun minggu depan. Relazzzz je

Many strong FA counters have been bleeding too this whole week. Its normal for PDZ too to adjust sikit sikit. Besok kite orang tengok mcm mana. Ada vol ataupun tiade. Stay strong bro, stay strong!

If tmr price still a good bargain, shall reload again. Hardly can get below 70sen nowadays

Update the parking apps and your credits gone missing. Bad reputation to public, lack of security. Future contracts from govt at risks

Still moving healthily towards TP1. Aint selling mine right now

Anything is possible as long as to keep GEN HK afloat. Tomorrow we shall see how the market reacts

One way or the other, Genting share price might take a beating next few days before it recovers

Quite a challenge for gaming industry in next 1 year or so

*Genting Hong Kong to suspend all payments to creditors as subsidiaries default on obligations*

By Ben Blaschke

Genting Hong Kong Limited has revealed it will temporarily suspend all payments to the group’s financial creditors, including interest and charter payments, in order to preserve liquidity amid growing COVID-19 pressures.

In an update on recent development, including ongoing disruptions to the global cruise ship industry which constitutes its primary business arm, Genting HK said it will instead use remaining available cash to maintain critical services for the group’s operations, and will endeavor to negotiate a holistic debt restructuring solution for the current financial indebtedness of the Group.”

Genting HK operates three cruise lines — Dream Cruises, Crystal Cruises and Star Cruises — as well as a shipbuilding operation at MV Werften shipyards in Germany. It is also a joint venture partner in Philippines IR Resorts World Manila and owns Zouk nightclub in Singapore.

The decision to suspend payments comes after two of the company’s subsidiaries — Dream Global One Limited and Dream Global Two Limited — this week failed to pay €3.7 million in bank fees, constituting an event of default.

“In addition to the events of default that have already occurred under Global Finance Documents, the Board anticipates that the temporary suspension of all payments to the Group’s financial creditors will also likely result in events of default occurring under other finance documents of the Group,” the company added.

“Such events of default would give rise to a right for requisite creditors of the Group to declare that the financial indebtedness owed to them are immediately due and payable. As of 31 July 2020, the outstanding financial indebtedness of the Group is at US$3.37 billion.”

In response, Genting HK said it plans to invite all creditors to a virtual meeting at which it will provide further information on the current status of the Group’s operations and finances, along with restructuring and refinancing options.

The company will also request that the creditors form a steering committee to evaluate the Group’s restructuring proposal and to agree on a holistic restructuring solution, to appoint legal and financial advisers, and to refrain from taking any enforcement action “so that the stakeholders of the Group can have a stable platform to negotiate and implement the restructuring.”

_About the writer: A former sports journalist in Sydney, Australia, Ben Blaschke has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits._

https://www.asgam.com/index.php/2020/08/20/genting-hong-kong-to-suspend-all-payments-to-creditors-as-subsidiaries-default-on-obligations/

Khazanah kept on disposing but yet someone behind never ending taken up. Something big surely brewing, not sure what

Hopefully more good news to come

Director kept accumulating though. Look at the numbers, strong support and interest of buying is huge. Very likely to break new high tomorrow. Cheers.

Tmr we shall see how trustworthy this EDINVESTOR is, esp his so called sana insider, sini insider...

How u short on Monday?