Toyo Ventures Informed Of Contract Termination For Song Hau 2 Power Plant By Vietnam Ministry
Toyo Ventures Informed Of Contract Termination For Song Hau 2 Power Plant By Vietnam Ministry
Toyo Ventures has informed that Song Hau 2 Power Company Limited, a wholly-owned subsidiary of Toyo Ink Group Berhad, today received a letter dated 1 July 2024 from the Vietnam Ministry notifying that the 90-day period since the issuance of the "Notice of Intention to Terminate" by Vietnam's Ministry of Industy and Trade (MOIT) has expired.
Toyo Ventures已经通知豪杨2号发电有限公司，豪杨2号电力公司是豪杨油墨集团的全资子公司，今天收到了越南工贸部（MOIT）通知，称自2024年7月1日发布“终止意向通知”以来的90天期限已过。
It also noted that since SH2P has still not remedied the financial arrangement for the project, thefore under the BOT Contract, MOIT notified SH2P of the effective termination of the Build-Operate-Transfer contract for the Project
它还指出，由于SH2P仍未为该项目解决财务安排，因此根据BOT合同，MOIT通知SH2P该项目的建设-运营-转让合同已被有效终止。
With the issuance of said Notice, the BOT Contract for the Project stands terminated.
随着上述通知的发布，该项目的BOT合同已被终止。
At this time, the company said it is evaluating the implications of the notice and will be seeking legal advice to explore appropriate actions and remedies as per the terms of the BOT Contract.
此时，该公司表示正在评估通知的影响，并将寻求法律意见，以依据BOT合同条款探索适当的行动和救济措施。