The Board of Directors of TVHB wishes to announce that on 4 October 2023, the High Court of Malaya at Kuala Lumpur had answered all the preliminary issues proposed by TIGB in favour of TIGB; found that the action commenced by the Plaintiff to be frivolous, vexatious and an abuse of Court process, and ordered that the action commenced by the Plaintiff be dismissed with costs.
The Court also ordered the Plaintiff to pay TIGB a total sum of RM60,000-00, comprising the followings:-
1. RM30,000-00 costs for the action; and
2. RM30,000-00 costs for TIGB’s application.
In view of the decision of the High Court today, there is no more pending legal proceedings between the Plaintiff and TIGB, and all the Trial dates previously fixed by the High Court are vacated.
Great! With the latest Addendum to the EPC contract, Sunway Construction could start preliminary construction works on the Song Hau IPP Project site pretty soon!
The Board of Directors of TVHB wishes to announce that its wholly owned-subsidiary Song Hau 2 Power Company Ltd had on 5 October 2023, entered into an Addendum No. 1 to Contract Agreement (“the Addendum”) with Sunway Construction Sdn. Bhd. and Power Engieering Consulting Joint Stock Company 2 to amend certain terms of the Contract Agreement.
The material changes made in the Addendum are as follows:
Extending the proposed date for issuance of the NTP to a date on or before 30 June 2024, or such other date as the Parties may mutually agree upon in writing.
The amendments to the definition and provisions relating to the Limited NTP whereby the Owner shall provide the Contractor with limited access to the site for the Contractor to carry out phase 1 and 2 of the Limited NTP works (collectively, “LNTP Works”) to a total value not exceeding USD9.5 million which form part of the Works before obtaining the NTP from the Owner:
As long as Insider keeps selling with Low volume, the price will keep going down. Besides, no action taken by major shareholders, don't expect retailers to push the price up. Still maintain short Sell
Correct me if I am wrong. Lim Guan Lee is just a major shareholder and not consider an insider as he does not hold any position in the company whereas two directors(insiders)exercise there ESOS which I think is positive news.
Major shareholder buy/sell is grouped under Insider trading here at i3invester.com. Stock price dropped about 30% within 3 weeks with major shareholder keeper selling, don't think this is good news.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
YawChong
59 posts
Posted by YawChong > 2023-09-19 15:02 | Report Abuse
Just saying, if positive announcement after market closed, tomorrow FLY