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OTHERS TOYO VENTURES HOLDINGS GROUP BERHAD ("TVHB" OR "THE COMPANY") EXECUTION OF INVESTMENT AND DEVELOPMENT AGREEMENT BETWEEN TVHB, TOYO INK GROUP BERHAD (TIGB) AND CHINA ENERGY ENGINEERING INVESTMENT CORPORATION LIMITED (CEEIC)

TOYO VENTURES HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
TOYO VENTURES HOLDINGS GROUP BERHAD ("TVHB" OR "THE COMPANY")
EXECUTION OF INVESTMENT AND DEVELOPMENT AGREEMENT BETWEEN TVHB, TOYO INK GROUP BERHAD (TIGB) AND CHINA ENERGY ENGINEERING INVESTMENT CORPORATION LIMITED (CEEIC)

The Board of Directors of TVHB (“Board”) wishes to announce that the Company had on 22 January 2021 entered into an investment and development agreement (“IDA”) with TIGB, a wholly-owned subsidiary of TVHB, and CEEIC (collectively referred to as the “Parties”) with the aim of providing a framework for the conditions precedent to investment and finalisation of the detailed terms and arrangements for the proposed divestment of TVHB’s equity interest in TIGB to CEEIC, which shall be formalised under definitive agreements to be entered into between the same parties (“Substantive Agreements”) pertaining to the proposed investment cooperation and development of the 2 x 1,060 megawatt (“MW”) coal-fired power plant known as “Song Hau 2 Thermal Power Plant” in Hau Giang province, Vietnam (“Project”).

 

Please refer to the attachment for the full announcement.

This announcement is dated 22 January 2021.

 

 




Please refer attachment below.



Announcement Info

Company Name TOYO VENTURES HOLDINGS BERHAD
Stock Name TOYOVEN
Date Announced 22 Jan 2021
Category General Announcement for PLC
Reference Number GA1-22012021-00079




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