THE relatively low-profile Toyo Ventures Holdings Bhd recently came into focus for its US$3.23bil Vietnam power plant contract after a long 12-year wait.
The group surprised the market recently with an announcement that it had finally executed the build, operate and transfer (BOT) contract with Vietnam’s Ministry of Industry and Trade (MOIT) for the development of the US$3.23bil (RM13.05bil) Song Hau 2 Thermal Power Plant project. The project was first announced in 2008.
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