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Latest Forum Topics / Asiatic    Last:0.002 --  Post Reply
NEWS RELEASE: Asiatic secures US$20m funding for i
smartrader
Elite
17-Jul-2009 22:54     
 
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Terence,

Comments ? Can be FG50 in 2yrs' time...

 
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smartrader
Elite
16-Jul-2009 22:59     
 
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Press Release on 1 July.

Asiatic Group (Holdings) Limited (Asiatic, the Group or 亚洲集团), an emerging power play in Asia Pacific, has secured a US$20 million financing facility through its subsidiary, Colben Energy Holdings (PPSEZ) Ltd (CEHZ), to support its power project in Cambodia. Asiatic will, via CEHZ, hold a direct stake of 49% in the operating company set up under the Joint Venture in Cambodia to manage the power plants in Phnom Penh Special Economic Zone (PPSEZ) and has the right to exercise an option to increase it stake to about 70%.

 

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terencefok
Master
16-Jul-2009 22:39     
 
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 Alert Admin 		where did you get the info about the 70% option? cant seem to find it anywhere
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smartrader
Elite
16-Jul-2009 22:12     
 
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http://www.ppsez.com/infrastructure.html

Terence,

As PPSEZ grows, I believe Asiatic will exercise its option to take up to 70% stake in cambodia. 
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smartrader
Elite
16-Jul-2009 21:12     
 
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Yes, we waited 3yrs to see fruition of cambodia power plant. Now, Asiatic is "striding ahead" for vietnam's power plant. This is what I like about investing long term in this business -- first mover advantage in emerging economies. 

The key statement is ".With the extensive backing now being provided by VIDIFI and HVD, Asiatic shall stride ahead with our development plans for the project – our single largest power supply undertaking to-date as well as our first green energy venture. Its successful completion shall demonstrate the Group’s ability to take on even larger power generation projects across Asia and underscore our commitment to establishing a name for ourselves in the renewable energy business.

Phase 1 is expected to be operational in 3Q12. Phase 2 – the 11MW Chu Linh Hydroelectric Plant – is slated to come onstream in 3Q14, about two years after the completion of Phase 1" .

I believe once the construction commences 2Q10, there will be more deals announced in region. Had acquired my target market shares - so not monitoring the daily prices in the next 3yrs.
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terencefok
Master
16-Jul-2009 14:01     
 
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 Alert Admin 		feeling excited, but its a few years away to commencement of operations in Vietnam. Do note that Asiatic has only a 51% stake in this.
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smartrader
Elite
14-Jul-2009 11:08     
 
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Written by The Edge Singapore   
Monday, 13 July 2009 21:30
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Colben Energy Holdings (Vietnam), a wholly-owned unit of Asiatic Group (Holdings), will join two new partners to continue the rollout of its hydroelectric power plant project in Vietnam which was first announced last year.

Colben will link up with Vietnam Infrastructure Development and Finance Investment JSC (VIDIFI) and HVD Construction and Investment Consultants JSC (HVD) to jointly develop, design, build, own and operate the plant. The 44MW project will be completed in two phases, with 33MW of capacity coming onstream under Phase 1 and the remaining 11MW under Phase 2.

VIDIFI and HVD will be taking over as Colben’s new local partners, replacing the two companies originally slated to take up stakes in the special-purpose company – Colben Energy (Vietnam) Joint Stock Company (CEVJSC) – established to undertake the project, as announced previously on July 22, 2008.

Under the new joint venture, VIDIFI shall own 30% of CEVJSC and HVD, 19%. Colben’s stake will remain unchanged at 51%, held through its subsidiary, Colben Energy Holdings (Vietnam).


Colben Energy Holdings (Vietnam), a wholly-owned unit of Asiatic Group (Holdings), will join two new partners to continue the rollout of its hydroelectric power plant project in Vietnam which was first announced last year.

Colben will link up with Vietnam Infrastructure Development and Finance Investment JSC (VIDIFI) and HVD Construction and Investment Consultants JSC (HVD) to jointly develop, design, build, own and operate the plant. The 44MW project will be completed in two phases, with 33MW of capacity coming onstream under Phase 1 and the remaining 11MW under Phase 2.

VIDIFI and HVD will be taking over as Colben’s new local partners, replacing the two companies originally slated to take up stakes in the special-purpose company – Colben Energy (Vietnam) Joint Stock Company (CEVJSC) – established to undertake the project, as announced previously on July 22, 2008.

Under the new joint venture, VIDIFI shall own 30% of CEVJSC and HVD, 19%. Colben’s stake will remain unchanged at 51%, held through its subsidiary, Colben Energy Holdings (Vietnam).

Last Updated on Monday, 13 July 2009 21:31

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Asiatic Group joins 2 new partners to roll out Vietnam hydroelectric plant
Monday, 13 July 2009

© 2009 - The Edge Singapore


Last Updated on Monday, 13 July 2009 21:31



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Asiatic Group joins 2 new partners to roll out Vietnam hydroelectric plant
Monday, 13 July 2009

© 2009 - The Edge Singapore


Last Updated on Monday, 13 July 2009 21:31
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smartrader
Elite
13-Jul-2009 21:04     
 
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More good news !!! Hooray !

�� Latest partnership with two of country’s leading groups will provide ample backing and resources for successful completion

�� 44MW project is Group’s first green energy venture and single largest power supply undertaking to date

�� Venture also marks Group’s first energy foray outside Cambodia and will advance its plans to become major player in this sector across Asia

Asiatic enters strong new alliance to further its hydro-power project in Vietnam

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smartrader
Elite
08-Jul-2009 20:58     
 
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 Alert Admin 		Got the Annual Report by post today.  There is still hope for the 44MW hydroplant project in Lao Cai province - as mentioned in Chairman's message. The theme for F2010 is Harnessing Renewable Energy...so it is indeed good prospects.  
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terencefok
Master
07-Jul-2009 21:06     
 
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 Alert Admin 		Oh, good news. Still can secure financing. Good prospects.
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smartrader
Elite
07-Jul-2009 20:46     
 
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NOTICE IS HEREBY GIVEN that the Annual General Meeting of ASIATIC GROUP (HOLDINGS) LIMITED (“the Company”) will be held at REPUBLIC OF

SINGAPORE YACHT CLUB, 52 West Coast Ferry Road, Singapore 126887 on Wednesday, 22 July 2009 at 10.00 am, for the following purposes:

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tedlim_me
Senior
01-Jul-2009 21:20     
 
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yeap.. news frm The Edge:-

 

Asiatic Group (Holdings) has secured a US$20 million ($29 million) financing facility through its subsidiary, Colben Energy Holdings (PPSEZ), to finance the construction and operation of its 20MW power project in the Phnom Penh Special Economic Zone (PPSEZ), Cambodia.

The financing facility was signed with a consortium of financial institutions including ASEAN Finance Corporation, Cambodia Mekong Bank Public, Maybank International, Krung Thai Bank Public Company, Singapore Banking Corporation and United Overseas Bank.

The US$20 million financing facility comprises two tranches. The first tranche of US$16 million will be used to complete the power project up to the stage where it can provide a total operational capacity of about 15MW. The remaining US$4 million will go towards funding further capacity expansion to increase the operational capacity to about 20MW.

 

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smartrader
Elite
01-Jul-2009 21:18     
 
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 Alert Admin 		Terence, good news. Do you know when is the AGM ? Last year was on 25 Jul 09.
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