20-Jan-2021 Insider MR NG TZE WOEI (a substantial shareholder) disposed 131,000 shares on 18-Jan-2021. 20-Jan-2021 Insider MR NG TZE WOEI (a substantial shareholder) disposed 42,800 shares on 15-Jan-2021.
Tadmax Resources Bhd's wholly-owned subsidiary Pulau Indah Power Plant Sdn Bhd, which is developing the estimated RM3.3 billion 1,200 MW combined-cycle gas turbine power plant on Pulau Indah, Selangor,
In a separate statement to Bursa today, Tadmax said it had entered into a share sale agreemen with Worldwide Holdings Bhd to sell a 35% stake comprising 17.5 million shares in Pulau Indah Power Plant to Worldwide for RM58.45 million cash.
Tadmax said today the proposed disposal is in line with the Heads of Agreement (HOA) entered into by the company with Worldwide and Korea Electric Power Corp (Kepco) on Sept 14, 2018.
Tadmax said that in accordance with the HOA, Tadmax will own 40% of Pulau Indah Power Plant while Worldwide and Kepco will hold 35% and 25% respectively.
“The disposal consideration of RM58.45 million for the 35% equity interest in Pulau Indah Power Plant is based on an implied valuation of RM167 million for the entire 100% equity interest of Pulau Indah Power Plant,” Tadmax said.
Tadmax said the disposal is expected to be completed by the first half of 2020.
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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....
glove 888
107 posts
Posted by glove 888 > 2021-01-20 10:12 | Report Abuse
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