
ADDITIONAL INVESTMENTS IN SUBSIDIARIES
__________________________________________________________________________________
Further to the announcement released by the Company on 6 October 2009, the Board of Directors of Asiatic
Group (Holdings) Limited (the “
further increased its investment in its wholly-owned subsidiary incorporated in Singapore, Colben Energy
(Singapore) Pte. Ltd. (“
paid-up ordinary shares (the “
paid-up capital of CESPL is increased from S$1.00 comprising 10 fully paid-up ordinary shares to S$5.0 million
comprising 50 million fully paid-up ordinary shares. The Additional Investment was satisfied by way of cash
and is to ensure that CESPL is appropriately capitalised for its operations and projects.
Following the Additional Investment, CESPL had in turn on 16 August 2010, through its wholly-owned
subsidiary incorporated in the British Virgin Islands, Colben Energy Holdings (Vietnam) Ltd (“
successfully subscribed for and been allotted 2,129,760 ordinary shares having a par value VND10,000 each in
its 51%-owned subsidiary, Colben Energy (Vietnam) Joint Stock Company (“
VND21,297,600,000 (approximately USD1.2M) (the “
of cash
CEVJSC was established to undertake the 44MW hydroelectric power plants project in Vietnam as announced
previously on 13 July 2009, in conjunction with two highly established groups – Vietnam Infrastructure
Development and Finance Investment JSC (“
(“
unchanged in the proportion of 51% : 30% : 19%.
The proceeds from the Subscription are to finance the current development of the power plants that is
progressing on schedule. The Company expects the construction of Phase 1 – the Coc San Hydroelectric Plant
(“
agreement with state-owned utility, Electricity of Vietnam (“
The cost of the 44MW hydroelectric power plants remains at approximately US$62 million in total. The
Subscription forms part of the Company’s proposed investment stake of US$6.3 million in the entire project
currently.
The Additional Investment and the Subscription have been funded from internal resources and are not expected
to have any material impact on the earnings per share and net tangible assets of the Company for the current
financial year. None of the substantial shareholders and/or directors of the Company has any interest, direct or
indirect, in the Additional Investment and the Subscription, other than through their respective shareholdings in
the Company.
Company”) wishes to announce that the Company had on 16 August 2010CESPL”) with an additional amount of S$4,999,999.00 comprising 49,999,990 fullyAdditional Investment”). Following the Additional Investment, the issued andCEHV”),CEVJSC”) for a consideration ofSubscription”) . The Subscription was satisfied by wayVIDIFI”) and HVD Construction and Investment Consultants JSCHVD”). Following the Subscription, the shareholding interests of each of CEHV, VIDIFI and HVD remainCSHP”) – to begin before the end of 2010, after details of the connection agreement and power purchaseEVN”) are concluded.By Order of the Board
Tan Boon Kheng
Managing Director
thanks for update. did they brief on the progress of the biomass and vietnam construction - % of completion ?
Price | Trades | Volume | Sold to Buyer | Mid | Bought from Seller | |||||||
0.165 | 2 | 1,047,000 | 238,000 | 0 | 809,000 | |||||||
0.170 | 28 | 2,560,000 | 796,000 | 0 | 1,764,000 | |||||||
0.175 | 39 | 2,372,000 | 1,015,000 | 0 | 1,357,000 | |||||||
0.180 | 1 | 100,000 | 0 | 0 | 100,000 | |||||||
TOTAL | 70 | 6,079,000 | 2,049,000 | 0 | 4,030,000 | |||||||
|
Weighted Avg Price : 0.1713 Avg Trade Size : 86,842.857 Spread/Price Ratio : 0.0303 |
Client Sector | Energy Supply |
Type | Hydroelectric Project |
Capacity | 41 MW |
Period | 2009 - ongonig |
Energy Output | 179,000 MWh per annum |
Location | Loa Cai Province, Vietnam |
Carbon Credits | 105,000 CERs per annum |
This project involves the CDM registration of the 41 MW Chu Linh – Coc San Hydro-electric Project in Loa Cai Province, Vietnam. Tasks being undertaken include the preparation of a Project Concept Note and Project Design Document, facilitation of host country approval, engagement and management of a Designated Operational Entity for validation and verification, and commercialisation of CERs generated
Green energy...
Chu Linh – Coc San Hydropower Project | |
|
Date | Open | High | Low | Close | Volume |
---|---|---|---|---|---|
12/03/10 | 0.1600 | 0.1650 | 0.1600 | 0.1600 | 503,000 |
11/03/10 | 0.1600 | 0.1600 | 0.1550 | 0.1550 | 1,598,000 |
10/03/10 | 0.1650 | 0.1650 | 0.1600 | 0.1600 | 448,000 |
09/03/10 | 0.1650 | 0.1650 | 0.1600 | 0.1600 | 462,000 |
08/03/10 | 0.1650 | 0.1650 | 0.1600 | 0.1650 | 1,499,000 |
05/03/10 | 0.1650 | 0.1650 | 0.1650 | 0.1650 | 940,000 |
04/03/10 | 0.1650 | 0.1700 | 0.1650 | 0.1650 | 1,855,000 |
03/03/10 | 0.1650 | 0.1650 | 0.1650 | 0.1650 | 810,000 |
02/03/10 | 0.1650 | 0.1700 | 0.1600 | 0.1650 | 4,759,000 |
01/03/10 | 0.1750 | 0.1750 | 0.1650 | 0.1650 | 2,873,000 |
Still healthy volume and support at 16-16.5
Not vested, (for short term investor only)
Just sharing my thot. BBs not trading for now, know of some, doing it the week before CNY.
I think buying interest is indeed waning/drifting, especially for this last 3 days.
Day High: | 0.165 | Net Change: | 0.000 | Total Value: | 72,995 |
Day Low: | 0.160 | Last Done: | 0.160 | Volume: | 448,000 |
skyboy69 ( Date: 02-Mar-2010 15:59) Posted:
|
Q 200lots at 16 cts but cannot get today. Contra yesterday 100lots at 16.5 cts - make coffee money..
In deed, low volume (Cat A, bot by buyers - 360 lots against Cat B, sold by sellers - 450 lots)
Day High: | 0.165 | Net Change: | 0.000 | Total Value: | 133,650 |
Day Low: | 0.165 | Last Done: | 0.165 | Volume: | 810,000 |
|
skyboy69 ( Date: 02-Mar-2010 15:59) Posted:
|