Posted by NguYenYen > 2024-05-21 18:01 | Report Abuse

Ok interesting...... Even Exim Bank also dont want to reply.
https://theedgemalaysia.com/node/711338#

Posted by curiousq > 2024-05-21 21:33 | Report Abuse

In March 2023, the BOT firm entered into an engineering, procurement, construction and commissioning agreement for works valued at US$2.42 billion with a consortium comprising Sunway Construction Sdn Bhd and Vietnam’s Power Engineering Consulting Joint Stock Co 2 (PECC2).

A fund manager whom The Edge spoke to believes the project has a chance of proceeding, as Vietnam has an energy shortage and needs to beef up its electricity supply. He says the Vietnamese government is unlikely to terminate the project unless there are “serious” issues. “Everything has to be restarted if the project is aborted,” he says.

To be sure, developing power generation projects abroad is full of challenges.

Mega First Corp Bhd (KL:MFCB), for example, commenced the 260mw Don Sahong Hydropower plant in southern Laos in January 2020 — 15 years after the group signed a memorandum of understanding for the project with the Laotian government.

Posted by curiousq > 2024-05-21 21:50 | Report Abuse

Hope remains, risk remains 😊

Posted by Investor52 > 2024-05-22 16:37 | Report Abuse

Wayang Habis

Posted by curiousq > 2024-05-23 16:57 | Report Abuse

+5.77% 😊

Posted by curiousq > 2024-05-24 21:46 | Report Abuse

today performance not bad, +10%, vol high ..... don;t know who was buying?

Posted by curiousq > 2024-05-24 21:57 | Report Abuse

really? that old man playing many faces?

Posted by Genovese > 2024-05-24 22:01 | Report Abuse

Please help to flag thus people posts. They should not exist in this forum at all!

Posted by Genovese > 2024-05-24 22:16 | Report Abuse

He also challenged meet in KL. Just ignore him, whenever see his posts just flag it red.

Posted by NguYenYen > 2 months ago | Report Abuse

Hmm... I might take back my statement about Nobody998.
Toyo share price has shown positive upward trend. Maybe FC otw....
If its break 1.43 resistance, I'm gonna long. curiousq might be right, hope remains, risk remains.

Posted by NguYenYen > 2 months ago | Report Abuse

But volume just 2m shares. Its ok, prepared to ALL IN. If it breaks.

Posted by curiousq > 2 months ago | Report Abuse

The group recorded a loss before tax (“LBT”) of RM12.95 million for the current quarter, in
contrast to profit before tax (“PBT”) of RM0.99 million in the corresponding 2Q-2023, due to Employees’ Share Scheme (“ESS”) expenses totalling RM13.54 million incurred during the quarter. Pursuant to the ESS, share grants expenses of RM12.49 million was deducted from the profit and loss account by way of otherwise than cash, for the issuance of 9,000,000 new ordinary shares of RM1.3874 each, and RM1.06 million for employee share option expenses.

Posted by curiousq > 2 months ago | Report Abuse

Issue of shares and debentures
During the interim period, the Company increased its issued and paid-up share capital from RM131,605,212 to RM153,371,545 as follows:
i. On 6 November 2023, issuance of 6,162,200 new ordinary shares pursuant to exercise of Warrant B, at the exercise price of RM1.50 per warrant, for cash consideration of
RM9,243,300;

ii. On 15 March 2024, issuance of 9,000,000 new ordinary shares of RM1.3874 each, to
executive directors at no payment, by deducting the sum of RM12,486,600.00 from the profit and loss account by way of otherwise than cash, in respect of their applications to exercise their Share Grants offered under the Employees’ Share Scheme (“ESS”); and

iii. On 15 March 2024, issuance of 26,260 new ordinary shares of RM1.3874 each, to
employees at the exercise price of RM1.25 per share, for cash consideration of RM32,825 inrespect of their applications to exercise their ESOS Options under the ESS.

Posted by Toyoscandal > 2 months ago | Report Abuse

Well, well & well.....
Thanks for sharing curiousq. This is a fact on how sick is the current mngmt of Toyo.
And for you NguYenYen, Its up to u to decide. Im just sharing the fact to help people, that is my intention from the begining. I did not request for monetary or any benefit for the information that i had share for other investor to make their call.
And Nobody998, where are u? Can goreng to 1.43? Only 5cents from the issuance price of ESOS of RM1.3874.
AHAHAHAHA, oya just found out that K.C Tham have erectile dysfunction. AHAHAHAHA, thats why need to change GF. KANTOI + MALU

Posted by mf > 2 months ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

38,486.74

-366.12

0.94%

Nasdaq

NASDAQ Composite

16,939.81

-80.06

0.47%

Posted by Toyoscandal > 2 months ago | Report Abuse

WAAAAAAHHH!!!
Very Gan Jiong OHH!!!
Tinggal only 31 days for FC, Nobody998. Who will be right? And who will wrong?
Why The Edge contact both Toyo & Exim dont want to reply? Funny Ohh. Ahahahah
See SunCon very gentle replied to The Edge query.
Everyone just dump lah this counter, this counter confirm dive kaw kaw. That old man and his son is cashing out by miliking public money. Langsung tak ada standard seperti Gibbon Apes. Ahahaha, Muka pun sama.
Guys try google "least intelligent apes". AHAHAHAHA

Posted by Investor52 > 2 months ago | Report Abuse

The clock is ticking.
Tick Tock…..

Posted by choop818 > 2 months ago | Report Abuse

@Toyoscandal, the banks may be taking full advantage of the ESG problem to demand high interest rates for their loans, which may be unacceptable to Maxim and Toyoven. To keep the contract alive, Toyoven may eventually succumb to their demands. But what will the effect be on their bottom line? More important, how will the market respond?

Posted by Toyoscandal > 2 months ago | Report Abuse

Hi @choop818. Il get to ur question 1 by 1.
On ur first question, its a good question basically and based on my knowledge Yes, the banks & other financial institution will definitely take advantage of this by hiking the rate due to the ESG but it only for the industry that don't have substitute product for example coal mine and etc. But for this power plant, the answer is No Way that it could get financing. Because it could be substitute with other power plant such as Hydrogen, Combined Cycle Gas Etc..... Its a World Recognize Effort to Carbon Free Earth. No Financial Institution will finance it, they might be risk of being boycott or etc if they do finance this SH2.

Posted by Toyoscandal > 2 months ago | Report Abuse

To answer ur 2nd question, kinda feels like Im Jerome Powell. Ahahahaha
The effect be on their bottom line is that this company already accumulated a very huge debt. 4x their market cap based on their annual return 2023. And once the project terminated, It will recorded as losses and the assets in their balance sheets will be wiped out because no more project but liability is still there debt that have to be settle thus the company surely will end as PN17 or bankrupt. Because currently their annual net profit is roughly few million. How they going to pay 400+million debt???
How will the market response? In terms of macro speaking, Toyo is nothing, It is just 100m market cap company so it doesn't effect the economy or market as a whole. Unless if they are blue chip, IJM or Gamuda. Surely it will impact the market. These are just my 2cents, better to conduct ur own research and weight ur judgement.

Posted by Toyoscandal > 2 months ago | Report Abuse

BTW, this company is SAMPAH.

Tham Kut Cheong (1790) as the sole proprietor of an audit firm, K.C. Tham & Co (‘Firm’) had been punished and imposed a fine of RM1000-00 and costs of RM4000-00 by the Disciplinary Committee of the Institute on 6/4/2022 for having failed to lodge the annual return of the Firm with the Institute for the year 2020 by 31/1/2020 as required under the Institute’s By-laws and that he had continuously failed to lodge the same untill 31/1/2021 despite repeated reminders from the Institute, untill the date a complaint was lodged against him.

This is the ED of Toyo Ventures, and he newly appointed son that seat on Board as remuneration, risk and other committee previously intern at his dad Audit firm. How can a public listed appoint this kind of people in their board????
Where is the corporate governance? The FREE ESOS, ALL THIS IS AN ALARMING SIGNAL that this company is a sick company. Counting days, and I'm looking forward to the 17 days to get financial close after deduct all the holidays. :)

So guys, please save your money from being milk and cheat by this useless + incompetent monkeys. Go invest somewhere else. Got 900+ listed company, If u want tip. Look for gold related business. They making good. Example Pajak Gadai or etc.....

Posted by choop818 > 2 months ago | Report Abuse

@ Toyoscandal, thanks for taking the trouble to enlighten us of the current situation in Toyoven. You may have saved quite a few from taking the plunge. On investment in gold related business, can you please comment why Bahvest shares are under performing?

Posted by Toyoscandal > 2 months ago | Report Abuse

@choop818, no worries. Sharing is caring. By helping out other investors, the universe god wills would return the favours back, thats what i believe.
Hah, Bahvest... This is interesting company, they had internal tussle recently and previous founder and MD are being suit now due to misconduct etc, and maybe fraud case...
To answer ur question, shares prices are determine by buyers & sellers + market depth. My view is its neither outperform or under perform. It just a gold mining business whereby, the gold reserve will run out and the company doesnt have new business to fully utilise their resources by expanding the business. There are none dividend paid out to its shareholders it could be due to the fact that the majority shareholders that currently running the company are earning big fat paycheque thus doesnt require to announce dividend. But more study need to be conduct in order for me to give more fair and justify opinion.

Posted by Toyoscandal > 2 months ago | Report Abuse

Oya almost forgot just now, but its okay, this is the latest one on the reason why he is useless + incompetent apes.

Outcome of a Disciplinary Tribunal regarding allegations against Mr Kut Cheong Tham
A hearing in respect of a Formal Allegation against was heard before a Disciplinary Tribunal on 8 February 2024. The Disciplinary Tribunal made the following findings and Orders;

The Disciplinary Tribunal found the Formal Allegations proven and ordered be severely reprimanded and fined €6,800. Further that he pays €7,354 towards the costs of Chartered Accountants Ireland.

https://www.charteredaccountants.ie/Professional-Standards/Public-Information/Recent-decisions/Disciplinary-decisions/2024/lists/disciplinary-decisions-2024/outcome-of-a-disciplinary-tribunal-regarding-allegations-against-mr-kut-cheong-tham

Small change for him after the FREE ESOS. AHAHAHAHHA

Posted by curiousq > 2 months ago | Report Abuse

These 2 days, performance not bad ..... buying still over forces selling, although some ppl deploy very -ve view

Posted by 9131 > 2 months ago | Report Abuse

Awaiting LU

Posted by mf > 2 months ago | Report Abuse

take profit

Posted by speakup > 2 months ago | Report Abuse

when Rubbish like Toyo can up 23% it mean our Bursa dah jadi Casino De Bursa

Posted by curiousq > 2 months ago | Report Abuse

no casino, solid fundamental ..... giant project in Vietnam pending exploration

Posted by curiousq > 2 months ago | Report Abuse

investors buy for potential great opportunity !!

Posted by curiousq > 2 months ago | Report Abuse

but be careful sailing on this stock, operator may sell on news or deploy any other operations

basically this is a very high beta stock 😊

Posted by Nobody998 > 2 months ago | Report Abuse

One step closer to full financial close.
Now the six million dollar question.
How much is this stock worth?
Just look at how much Jaks earned from their 30% stake of the power plant in Vietnam. Toyoventure power plant is 1.76 times bigger. Do your math,you will get a figure. Good Luck!

Posted by Pinky > 2 months ago | Report Abuse

Comparing to JAKS? HAHAHAHAHAHAHA

Posted by curiousq > 2 months ago | Report Abuse

Board of Directors of TVHB (“Board”) wishes to announce that SH2P, a wholly-owned subsidiary of Toyo Ink Group Berhad (“TIGB”), which in turn is a wholly-owned subsidiary of TVHB, had on 7 June 2024 accepted an equipment procurement financing facility of up to United States Dollar Nine Hundred and Eighty million (USD980,000,000) (“Equipment Facility”) granted by i-Power Solutions Pte Ltd (“the Equipment Financier”).

Purpose of the Equipment Facility
To finance up to 70% of the invoice amount for the procurement of equipment
required for the engineering, procurement, construction and commissioning
(“EPCC”) works of the Project.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

How about the other 30%? finance through RI ? PP ?

Posted by curiousq > 2 months ago | Report Abuse

you all very happy trading this stock ah? 😍

Posted by mf > 2 months ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

38,548.49

-319.55

0.82%

Nasdaq

NASDAQ Composite

17,164.67

-27.85

0.16%

Posted by curiousq > 2 months ago | Report Abuse

the Board of Directors of the Company wishes to inform that Song Hau 2 Power Company Limited, a wholly-owned subsidiary of Toyo Ink Group Berhad, which in turn is a wholly-owned subsidiary of TVHB, had entered into a Grid Connection Agreement with the National Power Transmission Corporation, a wholly-owned subsidiary of Vietnam Electricity, on grid connection to the Vietnam National Power System through the 500kV Switchyard of the Song Hau Power Complex.

Posted by Toyoscandal > 2 months ago | Report Abuse

Nobody998, congrats on the fishy 980m USD financing...
Now the 2.6B USD question to u, where is the rest for FC?
And ur comparing with JAKS?? AHAHAHAHAHAH
hehehe....TikTok Times running up Tham Mon Key.

Posted by ValueInvestor888 > 2 months ago | Report Abuse

recent developments, creditors/investors accepted settlement thru co shares and partial financing of project equipment indicate that high change they can secure financial close...
I bet small...

Posted by Toyoscandal > 1 month ago | Report Abuse

So.... 4 more working days until officially terminated by Vietnam Gov MOIT.
And Nobody998 are biting his finger because he cant goreng to tipu public money anymore.
And the ESOS 10k unit, if this project really going to take off why only 10k paid ESOS subscribe? The senior management of TOYO also knew they cant achieve FC. And all this accumulated debt will make this company PN17 for sure on the upcoming Financial Report.
Hehehe, good luck for those that invested in this company although I had raise all the facts on this sick management. Your investment not mine. And Im happy bcause I knew I did help some to clear their mind on this investment. Take care all.
Oya ValueInvestor888, do some checking on the company that provide the equipment facilities. How a 1.4m SGD paid up company with sole director and without any track records can provide almost 1B USD financing??
This EXIM bank also very fishy same as TOYO dont want to give any comment to The Edge and other news portal.

Posted by Hai Nguyen Thanh > 1 month ago | Report Abuse

99% of this project will be successful, a credit agreement of 980 million dollars has been signed, and only an initial disbursement of 120 million dollars is needed for the project to start. There is no reason to not implement the project but sign an agreement 10 days before

Posted by Toyoscandal > 1 month ago | Report Abuse

@Hai Nguyễn Thanh, hi new account with make up names.
Just curious, do u understand the meaning of financial close? and why it so significant? If u dont, please go and do homework first. Different rice like Nobody998 can raise diff type of people.
If its really that easy, Uncle Ng Lian that had been giving cash loan to Toyo for pre-development cost of the SH2 can finance toyo for the initial disbursement. He had been given 350m MYR cash, I dont think 120m USD could be a problem for him.
Reason why sign an agreement 10 days before, this Im sure just to mislead public.
Its ok, TIK TOK. Time running up, few more days left for the balance of 2.6B USD for FC.

Posted by Toyoscandal > 1 month ago | Report Abuse

Approve the list of key projects of Vietnam's energy industry

- On April 2, 2024, Deputy Prime Minister Tran Hong Ha signed Decision 270/QD-TTg approving the list of important national and key programs, works and projects in the energy sector after the Implementation plan of Power Plan VIII was issued.

https://vietnamenergy.vn/approve-the-list-of-key-projects-of-vietnams-energy-industry-32406.html

Oopss, where is SH2? Vietnam Gov confirming they going to terminate thats why the PM doesnt sign off SH2 in the list. 🤣🤣🤣

Posted by Hai Nguyen Thanh > 1 month ago | Report Abuse

Sorry I'm in Vietnam, do you think you know more news in Vietnam than me?

Posted by Hai Nguyen Thanh > 1 month ago | Report Abuse

Don't show your foolish conjecture from past evidence. Just wait another 4 days and it will be clear.

Posted by Hai Nguyen Thanh > 1 month ago | Report Abuse

Sh2 is from power plan vII not VIII. So it is not in there.

Posted by Hai Nguyen Thanh > 1 month ago | Report Abuse

Your name already shows negativity and bigotry towards the business. If you don't buy, you should stay out of the game

Posted by Toyoscandal > 1 month ago | Report Abuse

@Hai Nguyễn Thanh, bro u ất anywhere in the world or even Vietnam doesn't make u knew the news more. I doubt u even understand Vietnam language. Same as 1MDB case, happen at Malaysia by Malaysian but first jurisdiction that have legal charge paper on 1MDB is US Justice Department. Don't talk that show how tiny ur brain is, before that green sport car and ur shared gf I put behind bar. OK.
So got Power Plant VII? Show proof lah. TIKTOK Time running up. HEHEHE.
My username is purposely to share the dire situation of this company to the public so that people like u guys can't scam public money.

Posted by Toyoscandal > 1 month ago | Report Abuse

Approve the list of key projects of Vietnam's energy industry

- On April 2, 2024, Deputy Prime Minister Tran Hong Ha signed Decision 270/QD-TTg approving the list of important national and key programs, works and projects in the energy sector after the Implementation plan of Power Plan VIII was issued.

https://vietnamenergy.vn/approve-the-list-of-key-projects-of-vietnams-energy-industry-32406.html

In the list;
1. Quang Trach 1 Thermal Power Plant.
&
2. Long Phu 1 Thermal Power Plant.
Is both coal thermal power plant (ultra critical) that had signed PPA before SH2 did. Why they in the list and not SH2???
Guna OTAK and THINK, Bukan suddenly come out and say "Im from Vietnam, I know more'. Rubbish talk only without proof. Makan Tahi ke??? The brain size like bird pop.

Posted by Hai Nguyen Thanh > 1 month ago | Report Abuse

If the project hasn't been in writing since February, why didn't it end in February and have to wait until June? That's a government document. and in April, the Ministry of Industry and Trade gave the project a deadline until June. You should read the text carefully before speaking, don't speak based on your emotions and ignorance. Recently, at pecc2's shareholders' meeting, we also asked many questions related to SH2 and the chairman also talked about the positivity of the project. The company has been recruiting staff for the project for more than a month.