102301416
liked
Genting went to China and Indonesia to develop energy
$GENM(4715.MY$
$Genting Sing(G13.SG$
$GENTING(3182.MY$Genting today announced two energy investment projects in Indonesia and China respectively, with a total investment amount of around RM4.8 billion.
First, Genting will issue an offshore floating liquefied natural gas production facility (FLNG) construction project contract to China's Wison Group (Wison) through its subsidiary Genting Energy, worth 962.8 million US dollars (approximately RM4.53 billion). After adding reimbursable expenses, the value can exceed 1 billion US dollars.
At the same time, Genting also reached an agreement with China Jineng International Energy through its subsidiary to spend 100 million yuan (about RM65 million) to acquire 49% of SDIC Jineng (Zhoushan) Gas Power Co., Ltd., and then signed an intentional agreement with the Chinese state-owned enterprise SDIC Electric Power to invest about 328 million yuan (approximately RM210 million) to cooperate in the development of 2 gas power plants around Shanghai.
The FLNG project is located in West Papua
Genting President, Chief Operating Officer and Executive Director Dato' Sri Chen Guanghan pointed out at today's press conference that the offshore FLNG project will be located in Indonesia's West Papua province and can produce 1.2 million liquefied natural gas per year to supply the regional market.
“Based on the current high oil and gas prices, this project is estimated to contribute 1.3 billion US dollars to Genting (about 61,700 million...
$GENM(4715.MY$
$Genting Sing(G13.SG$
$GENTING(3182.MY$Genting today announced two energy investment projects in Indonesia and China respectively, with a total investment amount of around RM4.8 billion.
First, Genting will issue an offshore floating liquefied natural gas production facility (FLNG) construction project contract to China's Wison Group (Wison) through its subsidiary Genting Energy, worth 962.8 million US dollars (approximately RM4.53 billion). After adding reimbursable expenses, the value can exceed 1 billion US dollars.
At the same time, Genting also reached an agreement with China Jineng International Energy through its subsidiary to spend 100 million yuan (about RM65 million) to acquire 49% of SDIC Jineng (Zhoushan) Gas Power Co., Ltd., and then signed an intentional agreement with the Chinese state-owned enterprise SDIC Electric Power to invest about 328 million yuan (approximately RM210 million) to cooperate in the development of 2 gas power plants around Shanghai.
The FLNG project is located in West Papua
Genting President, Chief Operating Officer and Executive Director Dato' Sri Chen Guanghan pointed out at today's press conference that the offshore FLNG project will be located in Indonesia's West Papua province and can produce 1.2 million liquefied natural gas per year to supply the regional market.
“Based on the current high oil and gas prices, this project is estimated to contribute 1.3 billion US dollars to Genting (about 61,700 million...
Translated
![Join hands with Chinese enterprises and invest 4.8 billion in Genting to develop energy in China and Indonesia](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240620/1718889476847-63c3d2fc53.png/thumb?area=104&is_public=true)
10
102301416
liked
$GENM(4715.MY$ has recently announced the issuance of medium-term notes (MTN) with a nominal value of RM400mil. This includes tranche one of the fifth issuance under the RM5bil MTN program worth RM300mil and tranche one of the third issuance under the RM3bil MTN program worth RM100mil.
From the announcement, the raised capital would be used for operating expenses, capital expenditure, investment, refinancing, working capital requirements, and...
From the announcement, the raised capital would be used for operating expenses, capital expenditure, investment, refinancing, working capital requirements, and...
![Genting Malaysia Berhad - Issuance of RM400mil Notes](https://sgsnsimg.moomoo.com/sns_client_feed/104849695/20240611/1718113952442-random2521-104849695-android-org.jpeg/thumb?area=104&is_public=true)
5
5
102301416
commented on
$GENM(4715.MY$ buy the rumour, sell the news
1
102301416
liked
$GENM(4715.MY$ This kind of icon is easy to operate. There is a chance to break through 3 yuan or more. Short-term players can earn 10% arbitrage. Keep an eye out for what I said
Translated
9
3
1
1
102301416
commented on
1
9