Toyo Ventures Vietnam power project terminated

PETALING JAYA: Toyo Ventures Holdings Bhd’s power project in Vietnam has been terminated by the Industry and Trade Ministry of Vietnam (MOIT).

In a filing with Bursa Malaysia, the premium printing ink and masterbatch for packaging industry player said its wholly-owned subsidiary, Song Hau 2 Power Company Ltd (SH2P), had received a letter from MOIT stating that the 90-day period since the issuance of the “Notice of Intention to Terminate” to the group has expired.