KUALA LUMPUR (Dec 13): Share of TOYO INK GROUP BHD [] fell to the lowest since Dec 1 as investors, who had chased up the stock over the US$2.5b Vietnam power plant, turned cautious about the financing and return on investment.
At 11.37am, it was down 12 sen to RM1.53 with 5,000 shares done, the lowest since Dec 1. It had surged to a high of RM1.88 on Dec 6.
To recap, last Friday, Toyo Ink said it planned to finance the coal-fired thermo power plant power plant in Vietnam from a corporate exercise and also through borrowings.
Since the project involved a massive capital outlay, the company said it would consider raising certain portion of the project capital via corporate exercise and then funding the balance through borrowings.
Toyo Ink said it would also seek equity partnerships to incorporate a joint venture company in Vietnam.
At 11.37am, it was down 12 sen to RM1.53 with 5,000 shares done, the lowest since Dec 1. It had surged to a high of RM1.88 on Dec 6.
To recap, last Friday, Toyo Ink said it planned to finance the coal-fired thermo power plant power plant in Vietnam from a corporate exercise and also through borrowings.
Since the project involved a massive capital outlay, the company said it would consider raising certain portion of the project capital via corporate exercise and then funding the balance through borrowings.
Toyo Ink said it would also seek equity partnerships to incorporate a joint venture company in Vietnam.
