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2015-08-13 12:46 | Report Abuse
Short & Sell . Sell it and short it
2015-08-10 21:10 | Report Abuse
Don't hope it. Throw your stock of xinghe
2015-07-06 13:15 | Report Abuse
KUALA LUMPUR: JAKS Resources Bhd has roped in China Power Engineering Consulting Group Co. Ltd to build its power plant in Vietnam costing US$1.87bil (RM7.05bil).
JAKS said on Monday the investment would be in a two 600 MW coal-fired plant wherein JAKS would invest RM528.81mil and its joint venture partner China Power RM1.2bil.
The US$1.87bil and it would be funded on an intended capital structure of approximately 75% debt and 25% equity. The construction of the power plant, which comprises of two (2) 600 MW generating units is scheduled to begin in the first half of 2016 and commence commercial operations in 2020.
Its unit JAKS Power Holdings Bhd would fork out RM528.81mil and China Power RM1.2bil in the company which would build the two 600 MW coal-fired plant.
The parties had on Monday signed several agreements to facilitate the entry of China Power as a JV equity partner in its build-operate-transfer power plant project in Hai Duong Province, Vietnam valued at a project cost of US$1.87bil (RM7.05bil).
Under the agreement, JAKS Power would subscribe for 140.1 million shares in the JV company JAKS Pacific Power Ltd at a subscription price of US$140.1mil (RM528.8mil).
As for China Power, it would subscribe for 140.1 million JAKS Pacific Power shares at a subscription price of US$140.1mil; and 186.9 million redeemable convertible preference shares (RCPS) in at a subscription price of US$186.9mil (RM705.1mil).
China Power has obtained all relevant approvals from the Chinese government authorities for their investment in this project; equity participation of 50% contributes technical expertise and financial security towards project
JAKS’s maiden foray into power generation to generate stable and recurrent concession-type earnings in longer term; proposed participation in EPC works near term.
To recap, JAKS received the investment certificate from the Ministry of Planning and Investment of Vietnam for the design, engineering, procurement, construction, financing and operation of the power plant project under the BOT contract which was executed on Aug 26, 2011.
Upon expiry of the 25-year term, JAKS wouldl transfer the power facility together with the attached assets at no charge back to the Vietnam government.
JAKS also entered into a power purchase agreement with Vietnam Electricity for the purpose of generation and supply of electricity for 25 years, a coal supply agreement with Vietnam National Coal-Mineral Industries Group for the duration of the BOT period.
2015-07-05 11:36 | Report Abuse
Waiting for the USD2.2 billion project announcement
Stock: [MAG]: MAG HOLDINGS BERHAD
2015-08-25 16:33 | Report Abuse
http://www.danielloh.com/2015/08/yeah-yeah-china-plunges-85-but-dont.html?m=1