Posted by ValueInvestor888 > 2023-07-11 14:40 | Report Abuse

OTHERS TOYO VENTURES HOLDINGS BERHAD ("TVHB" OR "THE COMPANY") - UPDATE ON PROGRESS OF BOT CONTRACT AND THE GOVERNMENT GUARANTEE FOR THE INVESTMENT PROJECT OF BUILDING OF SONG HAU 2 THERMAL POWER PLANT IN VIETNAM
TOYO VENTURES HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description TOYO VENTURES HOLDINGS BERHAD ("TVHB" OR "THE COMPANY")
- UPDATE ON PROGRESS OF BOT CONTRACT AND THE GOVERNMENT GUARANTEE FOR THE INVESTMENT PROJECT OF BUILDING OF SONG HAU 2 THERMAL POWER PLANT IN VIETNAM
Further to the announcement dated 29 December 2020, 24 June 2022, 5 July 2022, 12 July 2022, 26 July 2022, 8 December 2022 and 31 March 2023 on the execution of the BOT Contract with the Ministry of Industry and Trade of the Socialist Republic of Vietnam (“MOIT”) and the Government Guarantee (“GGU”) with the Government of the Socialist Republic of Vietnam for the investment and development of “Song Hau 2 Thermal Power Plant Project” in Vietnam (“the Project”), the Board of Directors of the Company wishes to inform that Song Hau 2 Power Company Limited ("SH2PC"), a wholly-owned subsidiary of Toyo Ink Group Berhad (“TIGB”) which is in turn a wholly owned subsidiary of TVHB, had on 11 May 2023 received an Indicative Principal Terms and Conditions for the Project syndicated loan.

TVHB will make the necessary announcement on the progress of the project and once the Indicative Principal Terms and Conditions have been signed and finalized to Bursa Securities in due course.

This announcement is dated 12 May 2023.

Posted by ValueInvestor888 > 2023-07-11 14:42 | Report Abuse

This May announcement " Indicative Principle Terms and Conditions"... can anyone in the banking explain what is it?

Posted by Knilaobu > 2023-07-12 18:20 | Report Abuse

Refer to the news announcement dated 12th May 2023, as according to the link below: https://www.klsescreener.com/v2/announcements/view/4826755, there is no further update on the financing status by TIGB. No clear direction given by the Company.

Posted by speakup > 2023-07-12 20:33 | Report Abuse

Toyo = Jaks 2.0

Posted by jojo85 > 2023-07-14 21:28 | Report Abuse

Dont miss the bus..next week to the moon...kikiki

Posted by jojo85 > 2023-07-17 17:28 | Report Abuse

Tomolo 1.3 then 1.5...

Posted by jojo85 > 2023-07-18 14:52 | Report Abuse

Kikiki..

Posted by pang72 > 2023-07-18 16:55 | Report Abuse

Whoever losing money in JAKS..

You can get back the compensation by toyoven

Posted by speakup > 2023-07-18 21:18 | Report Abuse

Malu lah Jaks. Toyo & Mfcb build power plant, both shoot up. Tapi Jaks build power plant, shoot down instead. Malu tak ni Jaks?

Posted by valueinvestor33 > 2023-07-20 11:33 | Report Abuse

Heard one of the Substantial shareholder pares down the holding. Beware of pushing it up slightly and sell down……doesn’t look too good.

Posted by valueinvestor33 > 2023-07-20 11:35 | Report Abuse

Have to take profits already….have some entry around 1.18, just wanna be safe.

Posted by valueinvestor33 > 2023-07-20 11:35 | Report Abuse

Pump up to sell.

Posted by jojo85 > 2023-07-20 17:57 | Report Abuse

Ada masuk ka? kasi chance who missed the bus yesterday..tomolo skyrocket or shyrocket...kikikiki

Posted by YawChong > 2023-07-21 11:38 | Report Abuse

Keep buying! Ahead of the financial closing! Soon!

Posted by YawChong > 2023-07-28 09:40 | Report Abuse

Hold your horses.....Dont get wash out!

Would be smart for issuer to maintain the warrants in the money.

Enable it to exercise and bring in cash into their coffer!

Posted by YawChong > 2023-07-31 15:41 | Report Abuse

Financial Close Is Well In Sight!
SEPTEMBER!

Kenanga Research & Investment
Sunway Construction Group - Awash with Opportunities

SUNCON is bidding for work packages of the Customs, Immigration and Quarantine (CIQ) Complex in Johor and various data centres as well as fit-out and renovation works of SUNWAY’s properties. It has extended its MRT3 tender validity, while the RM6b coal-fired power plant construction job in Vietnam is firming up with the project’s financial close being well in sight. We maintain our forecasts, TP of RM2.13 and OUTPERFORM call.

We came away from a recent engagement with the company feeling reassured of its prospects. The key takeaways are as follows:

Its RM6b coal-fired power plant construction job in Vietnam (which constitutes up to half of its outstanding order book of RM12b) is firming up with its client, i.e. Bursa Malaysia-listed TOYOVEN, and on track to meet conditions precedent for the project’s syndicated loan and hence to achieve financial close by Sep 2023, after a slight delay from Jun 2023.

Posted by gianglong > 2023-08-02 14:12 | Report Abuse

Maybe they will soon announce information about their plan to sign a loan contract and hold a groundbreaking ceremony in September !

Posted by YawChong > 2023-08-02 15:55 | Report Abuse

Someone is still collecting Toyo-warrant for a final hurray push

High risks High gains!

Posted by YawChong > 2023-08-04 15:34 | Report Abuse

Waiting for drama to unfold and show to start

Posted by YawChong > 2023-08-04 16:40 | Report Abuse

Toyo warrant last hurray
TP 0.50

Posted by YawChong > 2023-08-07 09:06 | Report Abuse

Breaking up soon

Posted by YawChong > 2023-08-07 10:19 | Report Abuse

Shake shake shake

Posted by YawChong > 2023-08-07 13:42 | Report Abuse

u mean Toyo-W @ TP 1.80? 🐮😁

Posted by YawChong > 2023-08-07 13:47 | Report Abuse

No reasons to jack up. Many gave up on Toyo;

Now it breaks up, could only mean 1 thing:- POSITIVE ANNOUNCEMENT is coming

Posted by YawChong > 2023-08-07 13:54 | Report Abuse

Dynamic chips aka Banker chips on daily chart can be erratic;

But those on weekly and monthly chart wouldnt lie. It point only to 1 direction:- UP

Posted by firehawk > 2023-08-09 16:29 | Report Abuse

Toyoven-WB
Expiry date = 06/11/2023 (~3 months left)
Exercise price = 1.50

If they keep the price above 1.50 (at least at that time), there would be conversion that could bring in >80m (53.495m x1.50) ..... otherwise WB would be ended as waste paper and they get nothing ;D

Posted by YawChong > 2023-08-10 09:16 | Report Abuse

Oh yes, Toyo definitely is working on that

Posted by YawChong > 2023-08-10 09:21 | Report Abuse

They still have time to fulfill construction deadline as set by the Viet Government

First, financial close by this or latest next month ;)

Posted by mf > 2023-08-15 11:54 | Report Abuse

collect

Posted by YawChong > 2023-08-15 16:09 | Report Abuse

Shake shake shake some more

Posted by YawChong > 2023-08-17 10:31 | Report Abuse

Who keep loading the warrants?!

Posted by YawChong > 2023-09-06 15:15 | Report Abuse

Positive announcement coming soon....stay tune

Posted by YawChong > 2023-09-07 10:55 | Report Abuse

Sông Hậu-2

In April 2011, Toyo Ink Group Berhad, the Malaysian branch of Japan's Toyo Ink Group, announced that it would be pursuing the development of the two-unit, $3.5 billion, 2,000-MW Sông Hậu-2 plant, after provincial authorities approved the company's proposal.[21] In January 2012, Toyo Ink signed a consultancy agreement with Vietnam's Power Engineering and Consulting Joint Stock Company 2 for the construction of the plant.[22]

In August 2013, Toyo Ink signed a memorandum of understanding with the Ministry of Industry & Trade for construction of the plant. The plan calls for the first unit to come online in 2021, and the second in 2022. The Ministry stated that it would sign a build, operate, & transfer (BOT) agreement with Toyo Ink as soon as the latter lined up coal suppliers and electricity sales agreements; Toyo Ink stated that it expected the BOT agreement to be finalized in 2014. Coal would be imported from Indonesia or Australia. Industry experts apparently believed that negotiating the power price with Electricity of Vietnam would take time, and would potentially lengthen this time frame.[23]

As of mid-2015, the BOT agreement had apparently not yet been finalized. In July 2015, Toyo Ink sought shareholders' permission to spend an additional $35 million on consultancy costs for Sông Hậu-2.[24] In October 2016, provincial officials noted that site clearance was behind schedule, and called on district officials to strengthen the procedures for resettling people living on the site.[25]

In January 2017, Toyo Ink signed a land lease agreement with the Vietnamese authorities for the plot on which the power plant will be located. The project had an estimated project cost of US$3.45 billion, and Toyo Ink said it was looking at jointly developing the project via a special purpose vehicle (SPV) with a partner, but will retain a 40% equity interest to remain the single largest shareholder of the project. The SPV will fund about 25% of the total cost, while the remaining 75% will be financed via bank borrowings.[26]

In February 2017, Vietnam’s Ministry of Natural Resources and Environment approved Toyo Ink’s environmental impact assessment for the Song Hau 2 coal plant.[27]

In a visit to the area in March 2017, Vietnam's Deputy Prime Minister called for accelerated price negotiations to help speed up the project.[28]

As of late November 2017, the BOT contract had not yet been signed, and the EIA was being revised.[29]

In September 2018, Toyo Ink estimated that the plant would be commissioned by 2025.[30] In June 2019 the completion date for Sông Hậu-2 was listed as 2024 in the Ministry Of Industry And Trade's report on the implementation of the revised seventh Power Development Plan (PDP7).[31] In February 2020 the National Steering Committee stated that Unit 1 was scheduled to be commissioned in Q1 2025 and Unit 2 in Q2 2025.[32]

Posted by YawChong > 2023-09-07 10:56 | Report Abuse

As of early March 2020, there were no indications that financing for the Sông Hậu-2 plant had been secured.

In December 2020 it was announced that Toyo Ink had signed the BOT contract with Vietnam's Ministry of Industry and Trade for the Song Hau 2 project, with a government guarantee from the Vietnamese government also attached to the deal. The government guarantee includes protection for the company against default on all Vietnam project counterparties, changes in law and government event risks. Further guaranteed is at least 30% of the conversion from Vietnamese Dong to US dollars for the project’s tariff revenue that is received under the power purchase agreement after deducting all operational expenditures. The Vietnamese government has also granted the project tax incentives, including favourable corporate income tax rates and exemption from import duties. Toyo said that the estimated US$3.23 billion project costs "will be financed via a mix of debt and equity financing. The board is still in the midst of reviewing various investments and funding options, including identifying strategic investors and other suitable parties to co-invest in the project."[33]

In January 2021, Toyo Ink announced that it was partnering with China Energy Engineering Corporation, a Chinese state-owned enterprise, to develop Song Hau 2. The two companies had entered into an investment and development agreement, through which China Energy would acquire an equity stake in the project.[34]

In May 2021, the People's Committee of Hau Giang province was working on plans to resettle 714 households to clear the construction site of Sông Hậu-2.[35]

An October 2021 report by GreenID lists the Sông Hậu-2 power station as one of 18 coal-fired power stations in Vietnam that was struggling to secure financing. Given that China, Japan, and South Korea have all committed to stop financing new coal-fired power stations, it will be extremely difficult for any of these projects to secure funding in the future.[36] In March 2022, Report No. 1562 by the Office of the Government of Vietnam stated that the plant was financially troubled.[37]

In January 2023, IJ Global wrote that Toyo Ink targets to arrange $2.4billion syndicated financing facilities with a debt/equity ratio of around 75.25. Export-Import Bank of Malaysia was signed up in November 2022 as the MLA, bookrunner and arranger for the project's debt financing.[38]

In February 2023, Toyo Ink was continuing to pursue the project. They claimed to have (Google translate): "a solution to solve the problem of funding for compensation and resettlement remaining". The investors and developers stated that they were awaiting approval by the Ministry of Industry and Trade.[39] 742 households impacted by Sông Hậu-2 were to be resettled in the Mai Dam Resettlement Area.[40]

In March 2023, Toyo Ventures stated that a US$86 million operation and maintenance contract for Sông Hậu-2 had been awarded to Power Engineering Consulting Joint Stock 2 (TV2). This was in addition to a US$2.42 billion construction contract awarded one week prior. Toyo Ventures also stated that the Export-Import Bank of Malaysia had offered to be the "mandated lead arranger and bookrunner and coordinating arranger for the syndicated financing facilities of up to US$2.42 billion for the construction of the power plant". The project was expected to be operational within four and a half years of construction start.[41]

Posted by YawChong > 2023-09-08 09:42 | Report Abuse

Loaded more. Fly soon

Posted by YawChong > 2023-09-08 16:36 | Report Abuse

Good volumes at and off low the past 2 days.

Good announcement coming after market closed? 😆

Posted by YawChong > 2023-09-11 08:09 | Report Abuse

Proposed ESOS for 5+5 years @ illustrative option price 1.16;

Management ready to remunerate themselves, ahead of the financial close!

Settlement ICULs @ 1.20;

Toyo's low has already in place, only way is Up Up Up 😎

Posted by jojo85 > 2023-09-13 20:22 | Report Abuse

Lai, lai...0.005...come to daddy..kih355

Posted by YawChong > 2023-09-14 10:03 | Report Abuse

You dare to buy or not :)

Posted by YawChong > 2023-09-14 10:31 | Report Abuse

Ok you really dared :D
So what's next JoJo? To the moon?

Posted by jojo85 > 2023-09-14 11:17 | Report Abuse

Qbuy 1k lot only rm500 risk..kih355

Posted by YawChong > 2023-09-14 11:24 | Report Abuse

Congratulations ;)

Posted by YawChong > 2023-09-14 12:02 | Report Abuse

So active, PR coming soon perhaps

Keep loading

Posted by YawChong > 2023-09-15 09:24 | Report Abuse

The news is coming!
The news is coming!

Posted by jojo85 > 2023-09-15 21:28 | Report Abuse

Lai, lai, warrant 0.005c...

Posted by YawChong > 2023-09-18 09:50 | Report Abuse

So greedy 😁

Posted by YawChong > 2023-09-18 10:38 | Report Abuse

Less and less sellers for mother share

Stock cornered

Banker keeps accumulating

Posted by nelsonlim > 2023-09-18 10:44 | Report Abuse

need to breakout from triangle

Posted by YawChong > 2023-09-18 10:51 | Report Abuse

Your breakup level is...?

Mine is a closed above 1.42

Posted by nelsonlim > 2023-09-18 10:56 | Report Abuse

1.42 is convincing