Reference is made to the Company’s announcement on 29 December 2020 and 31 December 2020 in relation to the execution of project agreements for the investment project of Song Hau 2 Thermal Power Plant in Vietnam.
The Board of Directors of Toyo Ventures Holdings Berhad (“TVHB” or “the Company”) is pleased to announce that Song Hau 2 Power Company Limited (“the BOT Company” or “the Song Hau 2 Power”), a wholly-owned subsidiary of Toyo Ink Group Berhad (“TIGB”) had on 31 December 2020 executed the Power Purchase Agreement (“”PPA”) with Vietnam Electricity (“EVN”) for the investment and development of “Song Hau 2 Thermal Power Plant Project” in Vietnam (“the Project”).
The PPA provides for EVN to purchase and the BOT Company to sell electricity generating capacity generated by the Facility for twenty-five (25) years after the commercial operation date (“COD”) of the Facility as stipulated under the PPA. The tariff charged by the BOT Company to EVN comprises the capacity charge, energy charge and supplemental charge.
None of the directors, major shareholders of the Company and/or any of the persons connected with them, have any interest, whether direct and/or indirect, in the Project.
TVHB will make the necessary announcement on the progress of the Project to Bursa Securities when there are material developments in relation to the Project.
Keep queing lo.....tomorrow sure limitup again since not much seller. Whoever sell today must be shaving their balls now since all snapped up within secs on the start of trading.
whoever bought this stock when the price still around 0.6-0.7. will be instant millionaire. soon, they will issue a new share/bonus issue. so that the market will be able to purchase. its once in a lifetime
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....
clouud1234
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Posted by clouud1234 > 2021-01-02 23:36 | Report Abuse
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