As far as Malaysia is concerned, WTE is still a brand new project. At this stage, only Cypark Resources (CYPARK, 5184, main board industrial stocks) has set up a factory in Kelantan; and under the 12th Malaysia Plan (12MP), the government intends to promote More WTE projects, and looking to 2025, another 6 related project power plants will be built.
In addition, sources also pointed out that Citaglobal is also expected to make new acquisitions, namely acquiring a minority stake in iFactors Sdn Bhd, which is mainly engaged in submarine cable contractors and leasing services.
According to the official website of iFactors, the company claims that it has been awarded a long-term maintenance contract by XL Axiata, an Indonesian company owned by Axiata (AXIATA, 6888, main board trade services stock).
Sources said the equity acquisition plan also comes with a net profit guarantee.
Nonetheless, Citaglobal declined to provide any response when contacted.
According to the Prime Minister’s Department, the first MoU, involving an estimated investment of RM15 billion (US$5.2 billion), was signed between Citaglobal Bhd and Shanghai Sus Environment to explore collaboration in developing waste-to-energy power plants, primarily in Malaysia.
According to the Prime Minister’s Department, the first MoU, involving an estimated investment of RM15 billion (US$5.2 billion), was signed between Citaglobal Bhd and Shanghai Sus Environment to explore collaboration in developing waste-to-energy power plants, primarily in Malaysia.
I heard about rubbish-to-electricity story at least 10 years ago. It started with rubbish. Later oil palm waste to electricity Now rubbish again to electricity. So can anyone share just 1 company that has announced,gone into this project since 10years ago, and brovo produce a clean sui sui result? None i guess. Please nullify my statement.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2948 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Rio2814
1,942 posts
Posted by Rio2814 > 2023-09-16 18:25 | Report Abuse
As far as Malaysia is concerned, WTE is still a brand new project. At this stage, only Cypark Resources (CYPARK, 5184, main board industrial stocks) has set up a factory in Kelantan; and under the 12th Malaysia Plan (12MP), the government intends to promote More WTE projects, and looking to 2025, another 6 related project power plants will be built.
In addition, sources also pointed out that Citaglobal is also expected to make new acquisitions, namely acquiring a minority stake in iFactors Sdn Bhd, which is mainly engaged in submarine cable contractors and leasing services.
According to the official website of iFactors, the company claims that it has been awarded a long-term maintenance contract by XL Axiata, an Indonesian company owned by Axiata (AXIATA, 6888, main board trade services stock).
Sources said the equity acquisition plan also comes with a net profit guarantee.
Nonetheless, Citaglobal declined to provide any response when contacted.
Video recommendation: