Super assigns $457m for Vietnam dealsDespite the looming global recession caused by the Covid-19 pandemic, SET-listed Super Energy Corporation announced that it will allocate US$457 million for asset acquisition in Vietnam this year. Last month, Super reported to the SET that it would issue debentures worth 7.5 billion baht for liquidity of business and debt payment. The takeover deals are part of a four-year capital expenditure of roughly 40 billion baht for new investments and asset acquisitions. The company estimates revenue growth this year at 8% to 6.86 billion baht. Next year's revenue is forecast to exceed 10 billion baht upon the completion of various renewable energy projects.
Source: Bangkok Post March 29, 2020 23:26 UTC