Mikecyc

Mikecyc | Joined since 2019-07-05

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2024-02-08 22:23 |

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2024-02-08 19:56 | Report Abuse

June 2023 : from key matters discussed

Please provide an update on the status of subscribing the additional 10% stake in JHDP. Is JRB planning for a cash call (right issue) to subscribe the additional 10% of JHDP?

We have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.

We wish to clarify that we do not intend to undertake a cash call exercise to subscribe the 10% option. At present, we have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.

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2024-02-08 17:01 |

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2024-02-08 16:20 | Report Abuse

Investment certificate

* JHDP shall be entitled to 10% tax rate for the full term of the project.
* JHDP shall be exempted from corporate income tax for 4 years and 5% tax rate for another 9 years from 1st year with taxable income or 4th year whichever is earlier.

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2024-02-08 16:16 |

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