<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 4): Shares of Toyo Ventures Holdings Bhd (KL:TOYOVEN) plunged to its lowest in over one month on Thursday, following a news report of the termination of the Song Hau 2 thermal power plant project by the Vietnamese government.</p></div>

<div class=newsTextDataWrapInner><p>Toyo fell as much as 25% or 35 sen to RM1.03, its lowest since May 23, 2024. The stock was trading at RM1.07 at 11am, valuing the company at RM141 million on Bursa Malaysia. More than 6.8 million shares changed hands so far.</p></div>

<div class=newsTextDataWrapInner><p><em>Dau Tu</em>, the Vietnamese-language business newspaper of the Vietnam’s Ministry of Planning and Investment, reported that the build-operate-transfer contract for the power plant has been terminated for failing to meet the deadline for a financial close.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Citing a document issued on July 1, 2024 by Vietnam’s Ministry of Industry and Trade, <em>Dau Tu </em>reported that Toyo’s subsidiary Song Hau 2 Power Company Ltd was notified of the failure to comply with one of the clauses of the contract.</p></div>

<div class=newsTextDataWrapInner><p>Toyo Ventures did not immediately respond to request for comment sent to email listed on its company website.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/717487" target="_blank">Toyo Ventures defers commencement of EPCC works for Vietnam thermal power plant</a>&nbsp;&nbsp;</em></p></div>


KUALA LUMPUR (July 4): Shares of Toyo Ventures Holdings Bhd (KL:TOYOVEN) plunged to its lowest in over one month on Thursday, following a news report of the termination of the Song Hau 2 thermal power plant project by the Vietnamese government.

Toyo Ventures’ shares plunge 25% amid news report of Vietnamese contract termination

Malaysian state energy firm Petroliam Nasional Berhad (Petronas) on Monday said it would add three energy-efficient liquefied natural gas (LNG) vessels to its North American operations.

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Last month was the hottest June on record, the EU's climate change monitoring service said on Monday, continuing a streak of exceptional temperatures that some scientists said puts 2024 on track to be the world's hottest recorded year.

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China's central bank said on Monday it would start conducting temporary bond purchase agreements or reverse repos, depending on market conditions, to make open market operations more efficient and keep banking system liquidity ample.

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Japanese workers’ base salaries rose the most since 1993, a jump that supports the case for the Bank of Japan to consider raising interest rates even as real wages continue to fall.

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Citigroup Inc’s workforce in Singapore has shrunk by about 500 people amid a global restructuring planned by the Wall Street giant, the Straits Times reported Monday.

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Indonesia's President-elect Prabowo Subianto wants to give school children free meals, but the plan and his pledge to be 'daring' on spending have the country's debt and currency markets on edge.

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France faced potential political deadlock after elections on Sunday threw up a hung parliament, with a leftist alliance unexpectedly taking the top spot but no group winning a majority.

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Several influential congressional Democrats said privately on Sunday they want Joe Biden to step aside as the party’s White House nominee, as the US president enters a pivotal week for his teetering reelection campaign.

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The largest ports in Texas closed operations and vessel traffic on Sunday to prepare for Tropical Storm Beryl, which was expected to strengthen back to a hurricane before hitting the area early on Monday.

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American farmers are hoarding corn like it’s 1988. Investor bets that European natural gas prices will keep climbing are signalling that markets expect supplies to tighten in the coming months. And Hurricane Beryl’s rare strength so early in the Atlantic heralds the possibility of a super-charged storm season ahead.

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