Posted by bojed > 2022-12-27 12:39 | Report Abuse

Bought at 0.43 and sold at 0.455. Oklah 2500 in 10 minutes.

Have a nice dau everyone.

Posted by ValueInvestor888 > 2022-12-27 14:17 | Report Abuse

wow, up 100% in just a week..
Likely a good news coming as share price moving ahead of news

Posted by bojed > 2022-12-27 15:54 | Report Abuse

Bought back at 0.445 LOL!

Posted by bojed > 2022-12-27 18:36 | Report Abuse

Reference is made to the letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 27th December 2022 querying Toyo Ventures Holdings Berhad (“TVHB” or “the Company”) on an unusual market activity in relation to the sharp increase in price and high volume of the Company's securities recently.


The Board of Directors of TVHB wish to confirm that to the best of their knowledge and after making due enquiry with the available directors and major shareholder of the Company seeking the cause of the unusual market activity in the Company's securities, is not aware of any factors which may have contributed to the unusual market activity, save and except for:

the Company proposed to settle RM354,000,000 out of the total outstanding debts as at 22 December 2022 of RM355,154,481 owing to Ng Lu Siong @ Ng Soon Huat, Eng Lian (L) Inc., and Bukit Asa Sdn Bhd through the issuance of RM354,000,000 nominal value of five (5)-year, zero coupon irredeemable convertible unsecured loan stocks in TVHB at 100% of its nominal value, which had announced on 27 December 2022; and
the Company is currently finalising a contract in relation to its power plant project in Vietnam. The Company will make the relevant announcement in accordance with the Main Market Listing Requirements ("MMLR") when the contract is finalised and executed.
TVHB reiterates that, after making due enquiry with the available directors and major shareholder of the Company, apart from the above-mentioned factors, TVHB is not aware of any of the following that may have contributed to the unusual market activity:

any rumour or report concerning the business and affairs of the TVHB Group that may account for the unusual market activity.
The Company undertakes that it will make the necessary announcement to Bursa Securities of any material information in compliance with the MMLR, in particular, Paragraph 9.03 of the MMLR on immediate disclosure obligations.
This announcement is dated 27th December 2022

Posted by ValueInvestor888 > 2022-12-27 18:39 | Report Abuse

so far so good. Look like the power plant project will be on (the Company is currently finalising a contract in relation to its power plant project in Vietnam.), otherwise investors of RM 354 million will not want to settle for ICULS...

Posted by BestOne > 2022-12-27 22:51 | Report Abuse

Now the project is firmed up, fly high again tomorrow limit ups and ups!!

Posted by firehawk > 2022-12-27 23:09 | Report Abuse

In accordance to the Settlement Agreement, the Settlement Sum shall be fully settled through the issuance of 295,000,000 ICULS at RM1.20 per ICULS

Posted by BestOne > 2022-12-28 09:44 | Report Abuse

ICULS has a value of converted to mother share at maturity in 5 yrs of RM1.20 regardless of its traded price. Mother share is traded according to its value based on how strong the company financial and commercial values are. With foreign project value at USD3 billions now confirmed, the project is a go for TOYOVEN, let the market value its mother share price then.. I think, it’s a go for the moon for real than before..

Posted by bojed > 2022-12-28 10:26 | Report Abuse

1.20 looks to be mother's fair price.

Posted by bojed > 2022-12-28 11:29 | Report Abuse

Yesterday I bought at 0.43 and sold at 0.455.

Yesterday re-entered at 0.445 and today had to cut at 0.44. Should've sold at 0.47 but greed to the better of me LOL!

Posted by bojed > 2022-12-28 11:56 | Report Abuse

Looks to me more like a sell down rather than a rebound. I don't know, I'm not that good at day trading.

Posted by Michael Kwok > 2022-12-28 12:06 | Report Abuse

Price 1.08-1.10
Downgrade to 80 cents range
28/12/22 12.06pm

Posted by bojed > 2022-12-28 14:03 | Report Abuse

Ema20 looks about to cross over ema200. Today's massive selling hampered down the momentum.

Posted by birkincollector > 2022-12-28 14:47 | Report Abuse

gogo kasi limit down

Posted by pang72 > 2022-12-28 15:00 | Report Abuse

Where is Rr88 sifu buy call?

Posted by chiahs > 2022-12-29 09:06 | Report Abuse

Toyo Ventures Holdings Bhd's units have entered into an interim agreement with a consortium led by Sunway Construction Group Bhd (SunCon) to negotiate details for the consortium to undertake a US$2.2 billion (RM9.73 billion) job for the development of a 2,120 MW coal-fired power plant in Vietnam. The agreement sets to establish the detailed terms and conditions about the contractor's performance in design, engineering, procurement, manufacture, supply, construction, erection, testing and commissioning of the electric generation facility.

Posted by newbie8080 > 2022-12-29 09:09 | Report Abuse

Toyoven don't have any part in this deal.
The scope of work of the Works will determine the joint venture proportion
between SCSB and PECC2 in the Consortium. SCSB, as the lead consortium, will
indicatively hold a joint venture proportion of 60% and PECC2 of 40%
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=132803&name=EA_GA_ATTACHMENTS

Posted by chiahs > 2022-12-29 09:14 | Report Abuse

Construction Works -> Operation & Maintenance -> Collection of Revenue from "elec"

Posted by BestOne > 2022-12-29 09:44 | Report Abuse

Come on, what else is more than USD2bils foreign project ? Are we asking too much? TOYOVEN is the cheapest share holding a large value of sure contract with a rich Eastern emerging Vietnam economy!Go TOYOVEN go!

Posted by bjgdila123 > 2022-12-29 12:04 | Report Abuse

toyo like yo yo

Posted by teareader818 > 2022-12-31 06:05 | Report Abuse

@Knilaobu, from the latest news, it looks like your bentayga-sized investment will show a profit.

Posted by teareader818 > 2023-01-03 21:36 | Report Abuse

It seems that the Vietnamese gov. (desperately?) wants Song Hai 2 to proceed because electricity is currently being supplied from the north. There are even plans for Song Hai 3. It is now up to Toyoven to deliver.

Posted by teareader818 > 2023-01-05 10:39 | Report Abuse

Looks like it's going to be a crazy day. Is more positive news coming up?

Posted by Jenggo Azhab > 2023-01-06 20:53 | Report Abuse

Soon will explode

Posted by Jenggo Jenggo > 2023-01-13 17:21 | Report Abuse

More will come

Posted by Michael Kwok > 2023-01-26 13:55 | Report Abuse

Can toyo got ong at rm 1.05-rm 1.10.
26/1/23 2.00pm

Posted by Just88 > 2023-01-31 08:57 | Report Abuse

Latest AR shows that big holders are dumping both toyoven and its warrants

Posted by Knilaobu > 2023-02-03 14:03 | Report Abuse

Why the annoucement is 8 months late ? Seems major shareholder also exit, is the project still on? Toyo has not given a meaningful update to shareholders.

Posted by ebertho > 2023-02-04 21:04 | Report Abuse

FY 2022, release on 30th Jan 23. Page 28.

Power Generation
Summarising from an overview of the power plant project described above, the sequence of events unfolded towards
greater certainty of the power plant project site work commencing by the second quarter of year 2023. The direction
and progress of the power plant project is clearer now with the concerted effort of the relevant parties involved.

Posted by ebertho > 2023-02-04 21:09 | Report Abuse

*AR 2022

Posted by Income > 2023-02-05 07:50 | Report Abuse

This is Toyota punya subsidiary kah

Posted by BreakingNews > 2023-02-08 15:57 | Report Abuse

buy

Posted by pang72 > 2023-02-10 15:22 | Report Abuse

I think it will limit up.

Posted by pang72 > 2023-02-10 15:24 | Report Abuse

Sunway shld buy the controlling stake and execute the power plant project as new revenue which they don't participate before!

Posted by pang72 > 2023-02-10 15:26 | Report Abuse

2B project as good start and penetrant to Vietnam power project as everyone know Vietnam is developing as 2nd China for Mfg hub. Good prospects!!

Posted by firehawk > 2023-02-10 23:36 | Report Abuse

We refer to our earlier announcement made on 7 September 2022 (Ref No. GA1-07092022-00064) in relation to the Writ of Summon and Statement of Claims filed at the Kuala Lumpur Sessions Court (WA-B52NCVC-347-08/2022) commenced by K.S. LEE ENERGY LLP (“Plaintiff”) through its solicitor, Messrs. T.J. Chin & Co. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in those announcements.

The Board of Directors of TVHB wishes to announce that its wholly owned subsidiary, Toyo Ink Group Berhad (“TIGB”) had received the Court Judgement on 18 January 2023 as follows: -

1. the sum of USD168,000.00 (equivalent to RM754,782.00 as of 18 January 2023) paid in full to the Plaintiff;
2. interest at the rate of 5% per year on the amount of USD168,000.00 (equivalent to RM754,782.00 as of 18 January 2023) from the date judgment until the date of full settlement; and
3. award of RM3,000.00 cost to the Plaintiff

This announcement is dated 10 February 2023.

Posted by firehawk > 2023-02-10 23:39 | Report Abuse

Not much info from the announcement on 07Sep22:

The Company wishes to announce that its wholly owned subsidiary, TOYO INK GROUP BERHAD (“TIGB”) (“Defendant”) has been served with the Writ of Summon and Statement of Claims filed at the Kuala Lumpur Sessions Court (WA-B52NCVC-347-08/2022) dated 25 August 2022 commenced by K.S. LEE ENERGY LLP (“Plaintiff”) through its solicitor, Messrs. T.J. Chin & Co.

The court has fixed this matter for Case Management by way of e-Review on 30 September 2022.

The Company will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there is further developments in relation thereof and/or upon receipt of any further directions by the Court.

This announcement is dated 7 September 2022

Posted by pang72 > 2023-02-13 12:43 | Report Abuse

Give you one day rest..

Posted by durio > 2023-02-15 16:04 | Report Abuse

https://nld.com.vn/kinh-te/thuc-tien-do-du-an-72000-ti-dong-o-hau-giang-20230214195817628.htm

Posted by ValueInvestor888 > 2023-02-21 09:47 | Report Abuse

thanks durio for the power plant information.
Main point : Toyo representative said it is ready to pay the cost of site compensation and will complete it in the second quarter of 2023.

Posted by teareader818 > 2023-02-21 10:10 | Report Abuse

Durio's info showed the keeness of the Vets to have the project started. Left to Toyoven to tie up the loose ends.

Posted by Just88 > 2023-02-21 16:02 | Report Abuse

The power plant project is NO GO until the financial closing is secured.

Posted by Wealthy99 > 2023-02-21 21:08 | Report Abuse

prepare to jump out from the yacht before too late

Posted by Jenggo Jenggo > 2023-02-21 22:03 | Report Abuse

Exploded thank u toyoven

Posted by ValueInvestor888 > 2023-02-22 14:43 | Report Abuse

In January 2021, TIGB has signed the Investment and Development Agreement (“IDA”), with China Energy Engineering Investment Corporation Limited (“CEEIC”) 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. However, in September 2021 during COP26, President Xi of the Republic of China made a speech to halt future investments in overseas coal fired thermal power plant. This resulted in definitive agreements with CEEIC put on hold.

In October 2022, TIGB and its wholly-owned subsidiary, Song Hau 2 Power Company Limited (“SH2P”) signed the Term Sheet for Key Commercial Terms in relation to the Engineering, Procurement and Construction, Commissioning and Start-Up of Song Hau 2 Thermal Power Plant Project with Power Engineering Consulting Joint Stock Company 2 (“PECC2”), a public listed company in the Socialist Republic of Vietnam. The Term Sheet set out all the negotiated terms and mutual agreement of the responsibilities of the respective parties and the conditions precedent, contract price, terms of payment and other terms of agreements. The signing of the Term Sheet demonstrates the commitment of TIGB to fulfil the requirements of the BOT Contract and sourcing project financing for the Power Plant Project so that the ground works at the project site can commence without further delay.

In November 2022, TIGB received a Letter of Interest from Export-Import Bank of Malaysia Berhad (“EXIM”) offering their services as Mandated Lead Arranger and Bookrunner (“MLAB”) and Coordinating Arranger (“CA”) for the Syndicated
Financing Facilities of up to USD2.42 billion for the Power Plant Project (“Proposed Financing”). EXIM shall in consultation with TIGB manage all aspects of the syndication process in relation to the Proposed Financing, including timing, the selection of potential financiers, the acceptance and allocation of commitments and the amount of distribution of fees to potential financiers.

In December 2022, TIGB and SH2P, collectively known as (“the Owner”) signed an Interim Engineering, Procurement, Construction and Commissioning Agreement (“Interim EPCC”) with Sunway Construction Sdn Bhd (“SW”/”Leader of Consortium”) and PECC2, collectively known as Sunway-PECC Consortium (“the Contractor”/”SWP2 Consortium”). The Interim EPCC set out all the negotiated terms and of the responsibilities of the respective parties and the conditions precedent, scope of work, procurement, site operations, contract price, terms of payment and other terms of agreements. This event signifies the commitment of the Owner to commence construction of the Power Plant in the shortest time possible, thus increase the certainty of the project materialising.

Posted by teareader818 > 2023-02-22 20:18 | Report Abuse

Can anyone explain how the project cost was greatly reduced from USD3.20 to USD2.40?

Posted by ValueInvestor888 > 2023-02-23 09:51 | Report Abuse

Project costs USD3.2 billion. 75% financed by debt ie around USD 2.4

Posted by teareader818 > 2023-02-23 14:05 | Report Abuse

Thanks!


ValueInvestor888
Project costs USD3.2 billion. 75% financed by debt ie around USD 2.4

Posted by Michael Kwok > 2023-02-24 11:24 |

Post removed.Why?

Posted by Just88 > 2023-02-24 20:08 | Report Abuse

"In November 2022, TIGB received a Letter of Interest from Export-Import Bank of Malaysia Berhad (“EXIM”) offering their services as Mandated Lead Arranger and Bookrunner (“MLAB”) and Coordinating Arranger (“CA”) for the Syndicated Financing Facilities of up to USD2.42 billion for the Power Plant Project (“Proposed Financing”). EXIM shall in consultation with TIGB manage all aspects of the syndication process in relation to the Proposed Financing, including timing, the selection of potential financiers, the acceptance and allocation of commitments and the amount of distribution of fees to potential financiers. "---- It has been 3 months since, should be sufficient time to close the financing deal. Vietnam side may be getting impatient. Anyone has further info on this ?