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BackSep 03, 2015
Type Announcement
Subject OTHERS
Description
SALCON BERHAD ("SALCON" OR "THE COMPANY")
- ACCEPTANCE OF LETTER OF AWARD FROM KNOWLEDGE VISION SDN BHD BY ENVITECH SDN BHD

Salcon is pleased to announce that Envitech Sdn Bhd, a 60% owned subsidiary of Salcon Engineering Berhad, which in turn is a wholly-owned subsidiary of the Company, had on 3 September 2015 accepted the Letter of Award dated 27 August 2015 issued by Knowledge Vision Sdn Bhd for the following project:-

Project Duration Date of Commencement Date of Completion Contract Sum  Date of Acceptance

Proposed Upgrading, Rehabilitation and Expansion of Existing Sewerage Treatment Plant (Asset No. HLT219) from 54,000PE Capacity to 134,000PE Capacity at Bandar Bukit Mahkota, Mukim Beranang, Daerah Hulu Langat, Selangor Darul Ehsan

(hereinafter referred as "Project")

16  months

10 September 2015 9 January 2017 RM14,150,000.00 (excluding Goods and Services Tax) 3 September 2015

The Project is a construction contract and has no option for renewal.

The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending 31 December 2015, 31 December 2016 and 31 December 2017.

Salcon does not foresee any exceptional risks 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.

This announcement is dated 3 September 2015.





Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 03 Sep 2015
Category General Announcement for PLC
Reference Number GA1-03092015-00059