Toyo Ink seeks approval for RM11.2bil Vietnam power venture


PETALING JAYA: Printing ink and materials manufacturer Toyo Ink Group Bhd is seeking shareholders’ consent for its diversification into the power sector in Vietnam, a project it first mooted in 2007.

The 2,000MW coal-fired Song Hau 2 facility in Hau Giang, Vietnam, is estimated to cost US$3.5bil (RM11.2bil), it said in a filing with Bursa Malaysia yesterday, some US$1bil (RM3.2bil) more than what was announced in 2011.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , toyo ink

   

Next In Business News

FBM KLCI drifts as investors await fresh leads
Trading ideas: Axiata, Mega First, Vstecs, Pharmaniaga, Sarawak Cable, Paragon Globe, CIMB, IHH, Ni Hsin
Thai business group cuts 2024 GDP growth forecast
TotalEnergies mulls moving listing to Wall St
Rig dearth aggravates Indonesia’s declining oil and gas production
Optimistic growth prospects for Focus Point Holdings
Epsom sees more student enrolment from UK
SC: Planners should give sound financial advice
China’s surging industrial loans aren’t going to its factories
Japan’s helping hand in BoE June rate cut window

Others Also Read