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Toyo Ink's Power Plant!


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Moolah
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Joined: Sun Jul 9th, 2006
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 Posting #1: Wed Jan 6th, 2010 00:50

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Here's another that just blows your mind away! :glad:

KUALA LUMPUR (Dow Jones)--Toyo Ink Group Bhd (7173.KU) is considering a rights issue to partially fund its proposed coal-fired 2,000 megawatt power plant in Vietnam that now awaits final approval from the Vietnamese Prime Minister's office, The Edge Financial Daily reported Wednesday.

The daily cited Toyo Ink Managing Director Steven Song as saying that the planned power plant is estimated to cost $2.5 billion and that the company may rope in some joint-venture partners for the project given the massive outlay involved.

Song also said the worst is over for the company and "there would be some gradual improvement" this year.

The company, which makes solvent and water-based ink as well as varnishes used in the packaging industry, has operations in Malaysia, Singapore and Vietnam.


Newspaper Web site: http://www.theedgedaily.com.my

This Toyo Ink do what ah? :scratchhead:

And what does Toyo Ink wants to do?

Power Plant?????



 

Anyone still remember them older Toyo stories? :glad:

Moolah
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 Posting #2: Wed Jan 6th, 2010 01:01

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Rights issue?

Let's see.... how not so big is Toyo Ink?

It has some 42.8 million shares only. Or a market cap of around 92 million only.

Errr..... where my cow-cool-later?

A one-for-one rights issue... how much ah?

A two-for-one rights issue? can ah?

how much the power plant project ah? Just US$2.5 billion only. :glad::glad: 

 


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Sahamas > Sahamas Forums > Malaysia Market Chat! > Toyo Ink's Power Plant!



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