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Greenlagoon - Biogas Power PlantRenewable Energywww.glt.my |
MYR 800,740
200% Funded
| Min Target |
MYR 400,000 |
| Max Target |
MYR 800,000 |
| Min Equity |
3.37% |
| Max Equity |
6.52% |
| No. Of Investor |
25 |
| Price Per Share |
MYR 11.48 |
MYR 0.00
Notify me for future raise
INTRODUCTION
Green Lagoon Technology Sdn Bhd ("GLT") provides BOOT (Build-Own-Operate-Transfer) and turnkey solutions for palm oil millers to manage the biogas emitted from palm oil mill effluents ("POME"). GLT specializes in biogas trapping, harvesting, storage, treatment and utilization. In doing so, GLT is helping the palm oil mills to manage their biogas emissions and to optimize their wastewater to generate renewable income streams for the palm oil mills, and also to help in carbon reduction monitoring. Palm oil mills supply the POME free of charge in exchange for royalty fee of between 10%-13% of electricity sales revenue. Electricity is sold to Tenaga Nasional Berhad ("TNB") and/or the millers.
- Completed 10 projects up-to-date and invested in 3 others
- Proven track record and profitable
- Strong management team with years of experience in renewable energy and engineering
- Capacity to handle the whole process from feasibility to design, project implementation and operations of a biogas power plant
REVENUE MODEL
3 REVENUE SOURCES FOR GLT :
REFERENCE PROJECTS - COMPLETED AND ON-GOING
Prosper Palm Oil Mill
| Sg Kahang Palm Oil Mill
| Rinwood Pelita Palm Oil Mill
|
Havys Oil Mill
| Mukah Kilang Kelapa Sawit
| Kilang Sawit Bukit Sagu (FELDA)
|
IOI Syarimo Palm Oil Mill
| Mawar Mentari Palm Oil Mill
|
INVESTMENT PROJECTS
KILANG SAWIRA MAKMUR ("Investment 1")
| Location Bandar Muadzam Shah Construction completion date December 2015 Type of products/ services Investment, project development, engineering design, and project management for 1MW biogas power plant with in-ground Biogas Reactor Status Construction completed and commissioning in progress for export of 1MW electricity to TNB Current Ownership GLT (20%) + Cenergi Sea (80%) Expected Equity IRR (Payback period) Current ownership : 25.3% (4 years) Option Additional 20% equity stake for RM412,800 |
CHEEKAH-KEMAYAN PALM OIL MILL ("Investment 2")
| Location Bandar Bera, Pahang Construction completion date December 2015 Type of products/ services Investment, project development, engineering design and project management for 1MW biogas power plant with in-ground biogas reactor Status Construction completed and comissioning in progress for export of 1MW electricity to TNB Current Ownership GLT (20%) + Cenergi Sea (80%) Expected Equity IRR (Payback period) Current ownership : 29.7% (4 years) Option Additional 20% equity stake for RM412,800 |
ON-GOING PROJECTS
ROMPIN PALM OIL MILL ("Investment 3")
| Location Rompin, Pahang Construction completion date To be completed in December 2016 Type of products/ services Investment, project development, engineering design, and project management for 2MW biogas power plant with in-ground biogas reactor Status Construction in progress Current Ownership GLT (30%) + Rompin Palm Oil Mill (70%) Expected Equity IRR (Payback period) Current ownership : 67.5% (2 years) Option Additional 30% equity stake for RM1,092,000 |
PIPELINE PROJECTS
1. KULIM PALM OIL MILL ("Investment 4")
Location
Kulim, Kedah
Type of products/ services
2MW for SEDA FiT (POME Biogas)
Status
Power system study approved with SEDA Certificate and temporary licence from Energy Commission issued
Investment
RM 14 million
FUNDING OBJECTIVE
Funding amount required: RM 400,000 - RM 800,000
USE OF PROCEEDS
To exercise the option to increase the equity stake to 40% from 20% for Investment 1 and Investment 2.
FINANCIAL FORECAST (2016-2018)
| ('RM) | 2016 | 2017 | 2018 |
| Revenue | 29,637,183 | 36,115,000 | 60,319,000 |
| Revenue growth (%) | - | 22% | 67% |
| Gross profit | 4,240,079 | 8,212,378 | 12,693,284 |
| Gross profit margin (%) | 14% | 23% | 21% |
| Operating expenses | 1,689,527 | 2,302,762 | 2,705,475 |
| Net profit | 2,550,552 | 5,909,616 | 9,987,810 |
| Net profit margin (%) | 9% | 16% | 17% |
DUE DILIGENCE
Financial due diligence audit for Green Lagoon Technology Sdn. Bhd. on Investment in subsidiary company, associated company and other investment; Amount due from associate company, Trade debtors, Development expenditures, Other payables and accruals, Amount due to directors, Revenue and Cost of goods sold, namely Construction, Sub-contractor and Consultancy for the period ended 31 December 2015 (after taking in the assurances from the directors) show that these stated accounts were fairly stated.
- There is no issue, business or affair which may materially and adversely affect the Issuer's ability to perform its obligations under in the Term Sheet of the proposed equity crowdfunding exercise; and
- There is no corporate record, contract and/or agreement to which the Issuer is a party has provision prohibiting a change in the shareholding of the Issuer or requires such change to be conditional upon consent being obtained, save that the Issuer shall amend its articles of association in accordance to the terms stated in the Term Sheet of the proposed equity crowdfunding exercise.
MANAGEMENT TEAM
CHAN SOW KEONG Chief Executive Officer
- Past experience as Director of Renewable Energy Division in Cenergi SEA Sdn Bhd
- MBA from University of Southern Queensland, Australia; BSc in Mechanical Engineering from Western Michigan University, USA
RAYMOND CHEAH Chief Operating Officer
- Qualified civil engineer with over 19 years experience in the construction industry
- Handled more than 12 projects for construction and commissioning
CHEH KOON CHEE Executive Director
- Qualified Mechanical engineer and expert in the engineering and design for the renewable energy projects
- Involved in the engineering of more than 15 projects in palm oil mills in Malaysia and Indonesia
CHOONG WEE KEONG Non-Executive Director
- Qualified Construction Engineer and experienced in structural repairs, HDPE works and waterproofing works
- One of the founders of Sunbes Specialist Services Sdn Bhd since 1990, and is currently the COO
HOW YOON FOR Non-Executive Director
- Qualified Construction Engineer and experienced in structural repairs, HDPE works and waterproofing works
- One of the founders of Sealcon Group since 1986 before setting up Sunbes Specialist Services Sdn Bhd, and is currently the CEO
CORPORATE STRUCTURE
This page is restricted to registered investor only This page is restricted to registered investor only This page is restricted to registered investor only This page is restricted to registered investor only This page is restricted to registered investor only This page is restricted to registered investor only
Address
BO1-C, Boutique Office 1,
Menara 2, Level 19, 3 Jalan Bangsar KL Eco City, 59200, Kuala Lumpur.
Phone
+603-8605 3513
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