RATIONALE AND JUSTIFICATION In addition to being the listed entity for the TIGB group of companies (“TIGB Group” or “Group”), TIGB is also an operating company, where it is directly involved in the electric power generation business segment of the Group. Thus far, TIGB has been approved by the Ministry of Industry and Trade of Vietnam as the project investor for a 2 x 1,060 megawatt coal-fired thermal power plant in Vietnam (“Power Plant” or “Project”) on a build-operate-transfer basis based on a concession period to be agreed upon pursuant to a power purchase agreement to be executed and at the end of the said concession period, transfer the ownership of the Power Plant to the Government of Vietnam at no cost.
On behalf of the Board of Directors of the Company, KAF IB wishes to announce that Bursa Securities has via its letter dated 23 April 2020 resolved to approve the following:-
(i) admission to the Official List and the listing of and quotation for the entire enlarged issued share capital of up to 160,499,997* ordinary shares in Toyo Ventures Holdings Berhad (“TVHB”) and up to 53,499,995 warrants in TVHB (“TVHB Warrants”) on the "Industrial Products & Services" sector of the Main Market of Bursa Securities, in place of TIGB Shares and TIGB Warrants which shall be delisted; and
(ii) listing of and quotation for up to 53,499,995 new ordinary shares in TVHB (“TVHB Shares”) to be issued pursuant to the exercise of the TVHB Warrants on the Main Market of Bursa Securities.
Note * : Assuming the outstanding 53,499,995 TIGB Warrants are fully exercised prior to the entitlement date.
Long time more, better sell and all in glove counter now!
"the Ministry of Industry and Trade to complete the agreements related to this project so that the investor can arrange capital and Embark on implementation so that the project can start in late 2021 and early 2022"
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....
samyew1234
1,362 posts
Posted by samyew1234 > 2020-01-10 17:22 | Report Abuse
latest news: announcement on ipp in Vietnam by February 2020, 3 times bigger than jaks