In the conference ‘The Way to IPO: Opportunities & Challenges for Startup, Small- and Middle-scaled Businesses’, held by Saigon Innovation Hub (SIHUB), financial and stock experts insisted that IPO is a milestone to offer more chances for enterprises to attract more capital. Nevertheless, this process is still a great trial even to stable businesses, let along startup ones. … [Read more...] about Vietnamese startups encountering challenges in IPO process
Future proof business models
Banpu Energy Group acquires Mui Dinh Wind Farm
The transaction remains subject to customary approvals and conditions precedents in accordance with the SPA with completion expected to take place in the fourth quarter of 2020. The investment is made through BRE Singapore Pte. Ltd (BRES), an associate company, in which the company holds 50 percent of share through Banpu NEXT Co. Ltd. (BanpuNEXT). The cash flow from operation of the Mui Dinh Wind Farm since January 1, 2020 belongs to BRES. For this project, Banpu secured a Feed-in-Tariff (FIT) of US$0.085 per kWh for a period of 20 years of the Power Purchase Agreement (PPA) with Vietnam Electricity (EVN). … [Read more...] about Banpu Energy Group acquires Mui Dinh Wind Farm
CIFI’s contracted sales grew by 51% year on year to RMB 21.99 billion in July 2020
CIFI's scrip dividend plan, which was announced in June 2020, met with an enthusiastic response from the market. According to the plan, a total of 82,279,281 scrip dividend shares were issued in lieu of HK$545.5 million in cash. This strengthened the Group's capital base. The Lin family and Mr. Lin Zhong have taken up 45,248,366 scrip dividend shares. This increased the controlling shareholders' equity interests in CIFI to 54.32% and indicated that the major shareholders are confident about the Company's future business development. … [Read more...] about CIFI’s contracted sales grew by 51% year on year to RMB 21.99 billion in July 2020
