Further to the Company's announcement dated 5 November 2024, the Company wishes to announce the other salient terms of the Settlement Agreement as follows: - 1. JRB shall pay to Star Media Group Berhad (“STAR”) the sum of Ringgit Malaysia Five Million (RM5,000,000-00) by way of cash settlement within twelve (12) months from the date of this Settlement Agreement. 2. The Title to Tower A shall be delivered to STAR pursuant to the SPA within three (3) years from the date of this Settlement Agreement (“Title Delivery Date”), failing which STAR shall be entitled to late delivery interests at the rate of five per centum (5%) per annum calculated on the sum of Ringgit Malaysia One Hundred and Thirty-Four Million Five Hundred Thousand (RM134,500,000-00) from first (1st) day after the Title Delivery Date until the Title to Tower A has been delivered to STAR. 3. Both parties shall withdraw all suits and counterclaim with no order as to cost and without liberty to file afresh which has been done. Save for the settlement amounts to be paid, the Settlement Agreement is not expected to have any material financial or operational impact to the Group. This announcement is dated 6 November 2024.
The results of the LSS5 tender are expected to be announced slightly earlier than previously expected, due to the increased demand for renewable energy in Malaysia.
The LSS5, or Large Scale Solar, is the fifth round of the program and is the largest allocation to date. The solar power plants developed under LSS5 are scheduled to be operational in 2026 The LSS5 tender was divided into four packages, each with different quotas and ownership requirements:
* Package 1 250 MW quota for rooftop or ground solar power plants with a generation capacity of 1–10 MW. This package is open to companies with at least 51% Bumiputera ownership. * Package 2 250 MW quota for rooftop or ground solar power plants with a generation capacity of 10–30 MW. This package is open to companies with at least 51% Bumiputera ownership. * Package 3 1,000 MW quota for rooftop or ground solar power plants with a generation capacity of 30–500 MW. This package is open to companies with at least 51% domestic ownership. * Package 4 50 MW quota for floating solar power plants with a generation capacity of 1–50 MW. The LSS5 program is expected to create significant job opportunities in the solar installation sector, with a need for approximately 60,000 Seda Malaysia-certified workers by mid-2025.
Haha why Gaipo Actor Xiaoeh : said Stucked in Jaks at RM 0.36 .. no time to study the fundamentals wow .. but free to Gaipo ard n close to the Kon gang ..
Member since 2020-05-07 …. Just waste the Buying Opportunity le .. anyway is proven a Gaipo actor Xiaoeh.. beware …
1.) MA10 0.134… BB mid 0.133 2.) MACD 0.001. -0.000 -0.001 3.) Stoch RSI : 77.05 88.52 ( started cooling as engine is hot )
RSI(14) Neutral 50.4 Stochastic(14) Neutral 50.0
Posted by Mikecyc > 3 days ago| Report Abuse
Today 8/11/2024 : 1.) MA10 0.132… BB mid 0.132 2.) MACD 0.002 -0.000 -0.002 3.) Stoch RSI : 100. 97.82 RSI(14) Neutral 59.6 Stochastic(14) Neutral 75.0 —- Posted by Mikecyc > 1 day ago | Report Abuse Haha TA is looking good : 1.) MA10 0.131 … BB mid 0.132… see see look look tomorrow can be divergent Up cross BB mid ! 2.) MACD 0.002 -0.001 -0.002 : Fast line is divergent Up cross Slow Line … see see look look tomorrow can surface from water Level : 0.0
Jun-2024 31-Dec-2023 RM'000 RM'000 Investment in Joint Venture 943,960 904,452 If above is USD converted to MYR. Then what will be it value as at end Sept 2024?
Haha oredi loss naked in Lambo planet until mentally issues ke ..🤣🤣🤣
JediMaster1 JediMaster1 | Joined since 2017-05-15
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Still thick face talk about Topglov. This stock that you condemning already gave me 4 rounds of handsome profits. Go check back TG thread, all my buy and sell decision are recorded there.
This is called integrity and don't expect it from cheap people like cucumber Auntie HuangBK72. 😅😅😅😅😅😅
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....
Mikecyc
47,016 posts
Posted by Mikecyc > 1 month ago | Report Abuse
Further to the Company's announcement dated 5 November 2024, the Company wishes to announce the other salient terms of the Settlement Agreement as follows: - 1. JRB shall pay to Star Media Group Berhad (“STAR”) the sum of Ringgit Malaysia Five Million (RM5,000,000-00) by way of cash settlement within twelve (12) months from the date of this Settlement Agreement. 2. The Title to Tower A shall be delivered to STAR pursuant to the SPA within three (3) years from the date of this Settlement Agreement (“Title Delivery Date”), failing which STAR shall be entitled to late delivery interests at the rate of five per centum (5%) per annum calculated on the sum of Ringgit Malaysia One Hundred and Thirty-Four Million Five Hundred Thousand (RM134,500,000-00) from first (1st) day after the Title Delivery Date until the Title to Tower A has been delivered to STAR. 3. Both parties shall withdraw all suits and counterclaim with no order as to cost and without liberty to file afresh which has been done. Save for the settlement amounts to be paid, the Settlement Agreement is not expected to have any material financial or operational impact to the Group. This announcement is dated 6 November 2024.