is a young A1 stock. its helping the happening Data Centre biz, the best biz now in msia. buy that dip. it will mention YTLPOWR, the name to help it super bull up n UP easily:
On behalf of the Board of Directors of MNHB, M&A Securities wishes to announce that the Company has fixed the issue price of the Placement Shares at RM0.5955 per Placement Share.
The aforementioned issue price of RM0.5955 per Placement Share represents a discount of approximately RM0.0657 or 9.94% from the 5-day volume weighted average market price of MNHB from 9 February 2024 to 16 February 2024 of RM0.6612 per Share.
MN Holdings Bhd has appointed Tenaga Nasional Bhd's former chief executive officer Datuk Seri Baharin Din as its new independent non-executive chairman, effective from today.
The Board of MNHB wishes to announce that MNHB and DCS have mutually agreed to extend the MOU period for a further period of 12 months commencing from 1 April 2024, and the last day shall fall on 31 March 2025 (“Extension”). Subsequently, the Parties entered into a Supplementary MOU on 3 April 2024.
In conjunction with the Extension, MNHB wishes to inform of the following developments with regards to the Cooperation Project as reported by DCS:
1. DCS is progressing with the initiation of the Sedenak Tech Park Data Centre according to the established schedule, with the comprehensive design now finalized.
2. The detailed power supply design for the first and second phases have been completed, and the scope of work for both parties remained unchanged.
The Company will make the relevant update announcement(s) if there is any additional agreements or contract documents to be entered into subsequently, subject to mutual agreement from the Parties.
This announcement is dated 3 April 2024.
Not just another MOU? Appears to have concrete progress
KUALA LUMPUR: MN Holdings Bhd's wholly-owned subsidiary MN Power Transmission Sdn Bhd has secured a RM17.6mil contract for the supply and commissioning of the transmission main intake 275/132kV Pasir Gudang Power Station Extension (2x275kV Overhead Lines (OHL) Bays) in Johor from Tenaga Nasional Bhd.
KUALA LUMPUR: MN Holdings Bhd via its wholly-owned subsidiary MN Power Transmission Sdn Bhd has secured a contract from Samaiden Sdn Bhd for the engineering, procurement, construction and commissioning (EPCC) work for a large solar scale photovoltaic (LSSPV) plant in Kulim for RM26mil.
In a statement, the underground utilities and substation engineering specialist said its unit had been appointed a sub-contractor for the 50 mega-watt alternating current (MWac) LSSPV plant.
MN Power will be responsible for the EPCC of a step up station interconnection facilities, NUR interconnection facilities and related peripheral system for 50 MWac LSSPV energy generating facility for Nur Renewables Sdn Bhd.
The contract is for a period of 11 months from April 2024 to February 2025.
Datuk Dang Siong Diang, executive director of MN Holdings, said the company’s substation engineering segment continue to achieve a strong replenishment rate.
“The announcement of the corporate green power programme (CGPP) award totalling 563.42MW and the roll out of the National Energy Transition Roadmap (NETR) last year have somewhat benefit MN Group as some of our clients are the successful selected solar power producers under the CGPP.
"With the recent opens bidding for LSS5 programme or LSS - Peralihan Tenaga SuRiA by the Ministry of Energy and Water Transformation through the Energy Commission offering a total generation quota of 2,000MW, we anticipate more substation engineering projects to come in,” he said.
With the latest win, MN Holdings' order book has risen to RM444.5mil.
The group said the secured contracts are expected to positively impact its earnings over the next two to three financial years, barring any unforeseen circumstances.
This is a bull market. People who expect big corrections, change your mindset or get left behind ! This especially applies to stocks in hot industries ! All the best…
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....
E11PUG
12 posts
Posted by E11PUG > 2024-01-11 14:39 | Report Abuse
Moving ⬆️