KUALA LUMPUR: Nextgreen Global Bhd has secured an investment of RM400mil from Asia Capital Investment Fund for the funding of working capital and costs in its Green Technology Park (GTP) projects.
The investment comprises RM280mil in share capital injection in the SPVs managing the projects, which will be 100% owned by Nextgreen, and a RM120mil loan.
In July, Nextgreen had cancelled a memorandum of understanding with China Nuclear Industry Huaxing Construction Co Ltd for its partnership in developing Phase 2 and 3 of the GTP Pekan Project.
Nextgreen Gobal has entered Phase 2 of GTP Pekan development, which requires funding for the construction of two pulp and paper mills.
According to a stock exchange filing, two other GTP projects in Johor and Sarawak are currently in the pipeline.
"GTP Johor Project and GTP Sarawak Project are currently in negotiation stage. More details would be announced by the Company in due course when the negotiation advances further which warrant announcement to be made by the Company," it said.
At 12.30pm, Nextgreen traded unchanged at 41.5 sen a share on volume of 801,800 units. TAGS / KEYWORDS:
KUALA LUMPUR: Nextgreen Global Bhd fell 4% in early trade Wednesday, although the company has secured a RM400mil investments for its Green Technology Park (GTP) projects in Malaysia.
The counter fell 4.04%, or two sen to 47.5 sen with over 10 million shares traded while Nextgreen-WA shed 5.56%, or one sen to 17 sen with 13 million shares done.
Nextgreen has secured a RM400mil investment from Asia Capital Investment Fund (ACIF) for the funding of working capital and costs in its GTP projects.
The investment comprises RM280mil in share capital injection in the SPVs managing the projects, which will be 100% owned by Nextgreen, and a RM120mil loan.
Nextgreen Gobal has entered Phase 2 of GTP Pekan development, which requires funding for the construction of two pulp and paper mills. Two other GTP projects in Johor and Sarawak are currently in the pipeline.
KUALA LUMPUR: There will be no more drinking straws and plastic carrier bags by 2030 under an ambitious plan that will see local councils imposing a “pollution charge” and a “no straw by default” policy.
These measures will be introduced under Phase 1 of the Roadmap Towards Zero Single-use Plastics 2018-2030 from next year until 2021.
The roadmap will also eventually see the implementation of a circular economy for recycling as well as position Malaysia as a leader in biodegradable technology and industry within the region.
During the launch, Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin said the pollution charge would be imposed on plastic carrier bags via the local councils for hypermarkets, big retailers, and chain stores and restaurants.
“Our vision is that by 2030, there will no longer be single-use plastics,” she said, adding that under this roadmap, single-use plastics meant straws and carrier bags.
“The states will announce how and when they will impose the charge and how much. The federal government will give the states the liberty to do this because the awareness level is different in each state.
“And the money cannot be used for other things, except to increase awareness, help it to be green and to give lots and lots of recyclable shopping bags to the public,” she said, stressing that the roadmap was a “living document” which could be adapted to changes.
On the “no straw by default” policy, Yeo said from next year, customers in eateries would automatically be served drinks with no straws.
“But you can ask for straws. It’s just that no straw will be served with your drink unless you ask for one,” she said, adding that this policy would be carried via licensing for eateries by the local councils.
Yeo said all the state governments, including those run by the opposition, had agreed to the roadmap.
Under Phase 2 between 2022 and 2025, the ministry hoped to have widespread use of biodegradable bags as well as talks with other countries in the region on marine debris, she said.
By the end of this year, Yeo said Sirim would also draw up standards on what comprises biodegradable plastic.
The launch was attended by Selangor Princess Tengku Zatashah Sultan Sharafuddin Idris Shah, who is an advocate against the use of straws, industry players and various state excos.
Later during the dialogue, Yeo said the government had frozen the issuance of licences to set up plastic waste recycling factories in Malaysia and banned the import of such materials.
A joint ministerial committee to tackle plastic waste, she said, had been set up comprising representatives from her ministry and other agencies, adding that this would be meeting on Oct 26.
Earlier, during the launch of the International Greentech and Eco Products Exhibition and Conference Malaysia, Yeo said a Building Energy Intensity Labelling for the local building sector would also be introduced this Saturday.
The government, she said, would also be aggressively stepping up the adoption of energy performance contracting for some 5,000 government buildings around the country next year.
“We can save by retrofitting the buildings by making these electricity efficient,” she said, adding that this would benefit energy-saving industries.
This morning..shark is pushing up the price for them selling.... price spike up to 0.48 foe while and later drop back to 0.465.. Many ikan billis was trapped at this morning games. Already 2 days.they play like this.. yesterday push up the price to 0.505 and later drop back and final close at red..
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....
predictor1234
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Posted by predictor1234 > 2018-09-24 17:24 | Report Abuse
BDTL??