if it keep dropping mean Emperor Xi remark at UN ...most of less confirm...CECC won't continue with Toyoven project for now.....delay also can kill Toyo share.
by now.....Toyo management should have some sort of clarification on the matter. If until now, can't even issue a statement that Toyo project won't be affected.... it mean that Toyo project is under intense scrunity by Emperor Xi remark at UN.
it show that even CECC paid the deposit doesn't even guarantee the project will be shelved or delay.
Toyo will and might need to find another JV partner soon....if it want to get the project ASAP as Toyo have signed coal supplies with Vietnam supplier for 25 years periods..
HONG KONG/SYDNEY (Reuters) - The chief executive of drugmaker Moderna (NASDAQ:MRNA) set off fresh alarm bells in financial markets on Tuesday with a warning that existing COVID-19 vaccines would be less effective against the Omicron variant than they have been against the Delta variant.
Without experienced project partner in building power plant, this USD3 bil power plant will not move.
Toyo needs the project partner to take more than 50% equity stake in the JV as Toyo doesn't have the funding size and technical know how to build a power plant.
TOYO VENTURES HOLDINGS BERHAD ("TVHB" OR "THE COMPANY") WITHDRAWAL OF THE PROPOSED FINAL SINGLE-TIER DIVIDEND OF 1.0 SEN PER ORDINARY SHARE ("PROPOSED DIVIDEND")
The Board of Directors of TVHB had on 30 November 2021 resolved to propose a dividend payout of 1.0 sen per ordinary share, subject to shareholders’ approval at the Second Annual General Meeting (“AGM”). An announcement to this effect was made on 30 November 2021.
Unfortunately the Board has to withdraw this proposal due to insufficient retained earnings of the Company.
The proposed resolution on the final single-tier dividend of 1.0 sen per ordinary share shall not be tabled and discussed at the forthcoming AGM.
why toyo no update on the power plant project?? so quiet dia-diam, project still on ke? Is CEEC still a partner? toyo shares like London Bridge is Falling Down!!!
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....
HamsterHuat
2,852 posts
Posted by HamsterHuat > 2021-10-01 06:55 | Report Abuse
Wonderful......