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Begin a New Era with Clean Energy Power Generation
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teddytan438
Senior |
10-Aug-2020 18:03
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any good about it? |
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Joelton
Supreme |
10-Aug-2020 16:38
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VibroPower Corporation
On Aug 4, VibroPower Corporation substantial shareholder Chng Beng Hock increased his total interest in the stock from 10.23 per cent to 10.32 per cent.
With a consideration of S$6,926, the 48,200 shares were acquired at an average price of 14.37 cents per share.
Mr Chng has gradually increased his substantial shareholding in VibroPower from 5.24 per cent on June 15. VibroPower is expected to release its H1FY20 (ended June 30) financial results on or before Aug 14, 2020.
On June 22, the listed company provided guidance that based on a preliminary assessment of the group' s management report, it is expected to report a net loss for H1FY20.
It noted that revenue in Q2FY20 was adversely affected by Covid19 as most of its customers' projects delivery schedules were delayed due to the stoppage of construction activities due to the circuit-breaker measures during that period.
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Immotion
Member |
29-Jul-2020 22:16
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Yes, Chng BH became Substantial SH after right issue and buying in the market but so far not involve in the business. There are other in Chng family holding shares too. Anyone season sifu understand what is going on? |
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johnng
Supreme |
24-Jul-2020 21:16
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Some buying action by substantial holder CHNG BENG HOCK |
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Laggard
Senior |
30-Oct-2019 11:23
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Right Issue!! 1 for 2 Right Issue at $0.1, asking for money again to fund investment. Each Right come with 1 free warrant but the convesion price is steep. Any shareholder view? |
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Immotion
Member |
21-Apr-2018 13:36
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Nicely said but can he deliver? This Stock has not perform all these years, the China power generation is a old story but never contribute financially. |
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Laggard
Senior |
20-Apr-2018 11:38
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Chirman' s massage: In FY2017, the Group continued to improve on the operational efficiency of its core custom power solutions business and remained profitable. At the same time, the company made steady progress in its coal gas methane power plant project in Shanxi China, and the oil palm biomass power plant project in Kluang, Malaysia. Our two clean energy power plant projects will add stability and a more regular income stream to the Group to smooth the current lumpy nature of income streams from our core business, which depend on our customers securing projects. The two clean energy projects are also aligned with the global macro-trend towards clean energy and are therefore significant corporate milestones for the Group&rsquo s strategy in creating long-term value for shareholders. BUSINESS UPDATE The Group has been active in tendering for projects to strengthen its order books. The Group&rsquo s business development and marketing strategy has focused on providing customized solutions for client&rsquo s power generation requirements. In addition, the Group has expanded its market to include the high-specifications and high-value power generation requirements of the marine and offshore industries achieving its objective of developing its clean energy business to become significant contributors to its revenue and profitability. Shanxi Coal Mine Methane Power Generation Project In FY2016, our clean energy wholly owned subsidiary Shanxi Weineng Coal Mine Gas Development Co.Ltd&rsquo s (&ldquo SXWN&rdquo ) Shanxi coal mine methane power plant (&ldquo CMMP&rdquo ) project became fully operational. The plant uses methane gas naturally emitted from coal seams as fuel for the generation of electricity. SXWN had entered into a power purchase agreement with the Shanxi State Grid, pursuant to which the Shanxi State Grid will purchase all electricity generated by SXWN&rsquo s power plant. On 5 March 2017, the Group&rsquo s CMMP project had suspended its operations due to ongoing upgrading works and unstable gas supply at Shanxi Dongsheng Coal Mine Group Co., Ltd from which it obtains its coal mine methane gas. The Board is pleased to announce that in January 2018, SXWN has resumed its operations to supply electricity to the Shanxi power grid. The Board is further pleased to announce that SXWN has also obtained approval from the relevant authority to increase the electricity supply capacity to 20MW. Work is in progress to upgrade the existing power plant. The CMMP project is expected to contribute to the Group&rsquo s financials for FY2018. Shareholders will be kept updated by the Company on any further material developments at CMMP. Palm Oil Biomass Clean Energy Project Our palm oil biomass clean energy power plant project (&ldquo POB&rdquo ) in Kluang Malaysia continues to advance steadily towards operational status POB will use disposed empty fruit bunches of oil palm as fuel for power generation. The plant is expected to have a capacity of 20 megawatts, and the electricity produced will be sold to Tenaga National Berhad for its distribution grid. On 1 June 2017, the Company announced that all the conditions precedent for the completion of the acquisition have been satisfied and the acquisition has been completed. |
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