Malaysia’s Energy Commission (EC) will conduct an open tender for the large-scale solar (LSS5+) Petra 5+ programme, offering opportunities to develop solar plants with capacities ranging from 10MW to 500MW, scheduled for operation in 2027. Interested bidders must acquire the RFP documents online via the EC’s website from Jan 20 to Jan 24. Physical submission of completed RFP documents is required by Feb 28 2025.
Package A is for land-based solar power plants, offering a total quota of 1,500MW. The capacity range open for bidding under this package is between 30MW and 500MW.
Meanwhile, Package B is for floating or water-based solar power plants, with a total quota of 500MW. The capacity range open for bidding under this package is between 10MW and 500MW.

Bottom line pp cause a loss of value, but on the long term pp on share price depends on the reason for the pp and how well the funds that are raised are used 🙈🙉🙊

The effect of pp can cause dilution of shares, which commonly leads to a decline in share price. But why does the company need the funds? Avoiding bankruptcy, it would not bode well for the company's shareholders. Raising additional funds may be an excellent opportunity for rapid growth, but the total amount raised may still be below expectations. Another possible motivation for doing a pp could be that the company cannot attract large numbers of institutional or retail investors. Then why did the PP taker take so much time? 🤣

This counter started to show a lackluster buying demand and more selling pressure with the start of PP and this is normal. A sub that is 63% owned has secured an important job, but unfortunately, investors have disregarded it. Interesting, right? 😂

The lack of demand for the shares after securing a new project could be due to the outstanding PP and the fact that only a 63% owned unit secured it. Also, the commercial operation date is expected to be on October 30, 2027, provided there are no delays. Lastly, a letter of notification subject to the 63%-owned WDSB with share capital of Rm2,000.00 subsidiary meeting certain obligations, including the submission and execution of required project documents to confirm acceptance. Financial capability?

Private Placement approval given with conditions 234,072,000 while total tranches allocated 132,387,500. Lol 3-4 tranches of PP to go and taking another 3-4 months searching for investors to take their PP? 😂

One of the condition prior to Bursa approval for PP: To inform Bursa once the PP is completed. 🤣

Folk, if the MRCB-IJM-BRail-KTMB consortium’s proposal is chosen, EPF would end up having the biggest exposure to the KL-Singapore HSR...EPF is the largest shareholder of both MRCB 36.21%, IJM 17.62% & YTL 5% stake.

...the government has no intention to impose windfall taxes on banks in Malaysia, hence, these financial institutions can be more flexible in their lending arrangements.

https://www.theedgemarkets.com/article/guan-eng-clarifies-bank-windfall-tax-remark

The termination of the RM584.84 million contract awarded to Muhibbah Engineering (M) Bhd earlier was due to “commercial and operational issues”.

https://www.theedgemarkets.com/article/velesto-energy-bags-us38m-contract-extension-north-malay-basin