pls read this latest news update from China Development and Reform Council dated 22nd September 2022 on coal fired power plants, may send chills down the spine to Toyo https://chinadialogue.net/en/energy/chinas-no-new-coal-power-overseas-pledge-one-year-on/ Toyo has not updated on progress status of their Vietnam power plant till to-date, coming to year end already.
durio, the news on the Song Hau 2 power plant doesn't seem to be the latest, as both parties are now at the financial closure stage. However, from the report, it seems both parties are keen for the project to proceed. Will the date of financial closure be announced soon?
..............Meanwhile, five others which have a total capacity of 6,800 MW are facing difficulties in implementing and preparing capital, namely Cong Thanh, Quang Tri, Song Hau II, Nam Dinh 1 and Vinh Tan III.
On October 4-6, the ministry held working sessions with five investors of these mentioned-above projects, requesting them to provide specific written commitments from lenders no later than October 30, if they do not stop their projects...........'
Toyo is required to submit Lender's Commitment Letter by 30th October 2022 .........,,,,,,,,,,,, but according to Toyo's announcement to Bursa dated on 7th July 2022, Toyo has successfully achieved financial close, such a contradictory statement. Something serious is brewing ???
Trendline breakout + 20 Days moving average crossover, If price sustains above the 0.640, we can see a good upside momentum. Follow for more technicals. or visit my profile.
30 Oct is barely 72 hours away minus the weekend, the clock is ticking. Keep the moment silent till breaking news from Toyo, either surprise or decry, all going to Bungkus Kaw-Kaw kopitiam !
hmm........this is like a HK TVB series with open ending/conclusion ........ @ teareader818, I think the only party to answer your question, is none other than Toyo BOD !! it's everybody's long overdue answer too.
Toyo's recent announcements which left with unresolved development, an open ending with scenarios of 'possible' or 'impossible' to carry on. Being minority shareholders, we just keep our fingers crossed, no reservation needed to join 'bungkus kaw-kaw'.
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....
Knilaobu
31 posts
Posted by Knilaobu > 2022-07-22 14:47 | Report Abuse
@hng33 fingers crossed now. if can recoup and return of a Maybach equivalent soon?