|Description||LETTER OF ACCEPTANCE
– PACKAGE D55 – CONSTRUCTION OF SEWAGE PIPES NETWORK AT LOT 130, KLANG SELANGOR DARUL EHSAN (DESIGN & BUILD)
Salcon Berhad (“Salcon” or “the Company”) is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company, has on 16 January 2013 accepted the Letter of Acceptance dated 14 January 2013 from the Sewerage Services Department, Ministry of Energy, Green Technology and Water of Malaysia for a project known as “Package D55 – Construction of Sewage Pipes Network at Lot 130, Klang Selangor Darul Ehsan (Design & Build)” (“the Project”). The scope of works encompass all works associated with sewage rationalisation within the South Klang sub-catchment located in Klang, Selangor.
The contract sum for the Project is RM110,000,000/- only (Ringgit Malaysia : One Hundred and Ten Million only) and the contract duration is 48 months commencing from 29 January 2013 to 28 January 2017.
The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the period of the Project.
Salcon do not foresee any exceptional risk other than execution risks associated with the Project.
The Project will not have any effect on the share capital and substantial shareholders’ shareholding of the Company.
None of the directors and/or major shareholders of the Company, or persons connected with them have any interest, direct or indirect, in the Project.
|Company Name||SALCON BERHAD|
|Date Announced||16 Jan 2013|