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.
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.
Give Toyoven's management a break, they have their plans, if not they wouldn't waste years of time and money trying to secure the IPP contract. How would you compare the quality and integrity of the BOD in TOYOVEN with that of MFCB, JAKS and TADMAX?
OTHERS TOYO VENTURES HOLDINGS GROUP BERHAD ("TVHB" OR "THE COMPANY") EXECUTION OF INVESTMENT AND DEVELOPMENT AGREEMENT BETWEEN TVHB, TOYO TOYO VENTURES HOLDINGS BERHAD
Type Announcement Subject OTHERS Description TOYO VENTURES HOLDINGS GROUP BERHAD ("TVHB" OR "THE COMPANY") EXECUTION OF INVESTMENT AND DEVELOPMENT AGREEMENT BETWEEN TVHB, TOYO INK GROUP BERHAD (TIGB) AND CHINA ENERGY ENGINEERING INVESTMENT CORPORATION LIMITED (CEEIC) The Board of Directors of TVHB (“Board”) wishes to announce that the Company had on 22 January 2021 entered into an investment and development agreement (“IDA”) with TIGB, a wholly-owned subsidiary of TVHB, and CEEIC (collectively referred to as the “Parties”) with the aim of providing a framework for the conditions precedent to investment and finalisation of the detailed terms and arrangements for the proposed divestment of TVHB’s equity interest in TIGB to CEEIC, which shall be formalised under definitive agreements to be entered into between the same parties (“Substantive Agreements”) pertaining to the proposed investment cooperation and development of the 2 x 1,060 megawatt (“MW”) coal-fired power plant known as “Song Hau 2 Thermal Power Plant” in Hau Giang province, Vietnam (“Project”).
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....
mf
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Posted by mf > 2021-01-20 22:27 | Report Abuse
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.