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已經通知豪楊2號發電有限公司，豪楊2號電力公司是豪楊油墨集團的全資子公司，今天收到了越南工貿部（MOIT）通知，稱自2024年7月1日發佈“終止意向通知”以來的90天期限已過。
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
它還指出，由於SH2P仍未爲該項目解決財務安排，因此根據BOT合同，MOIT通知SH2P該項目的建設-運營-轉讓合同已被有效終止。
With the issuance of said Notice, the BOT Contract for the Project stands terminated.
隨着上述通知的發佈，該項目的BOT合同已被終止。
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.
此時，該公司表示正在評估通知的影響，並將尋求法律意見，以依據BOT合同條款探索適當的行動和救濟措施。