KUALA LUMPUR: Toyo Ventures Holdings Bhd has provided an update on its US$3.23bil (RM14bil) thermal power plant project in Vietnam.
In a filing with Bursa Malaysia yesterday, Toyo Ventures said its wholly-owned subsidiaries Toyo Ink Group Bhd and Song Hau 2 Power Company Ltd (SH2PC) had received a notification from the Industry and Trade Electricity Ministry and Renewable Energy Authority on the progress of the financial close by SH2PC.
The financial close of SH2PC was delayed due to the holding up of the opening a bank account in Singapore for the special purpose vehicle subsidiary, it said in the statement.