Salcon Berhad ("Salcon" or "the Company") - Letter of Acceptance of Tender dated 27 December 2015 from Syarikat Air Terengganu Sdn Bhd by Salcon Engineering Berhad
Salcon is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company, had on 6 January 2016 accepted the Letter of Acceptance of Tender dated 27 December 2015 issued by Syarikat Air Terengganu Sdn Bhd for the following project:-
The Project is a contract for the rehabilitation, operation and maintenance management of the existing distribution system.
The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending 31 December 2016 to 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 6 January 2016.
|Company Name||SALCON BERHAD|
|Date Announced||06 Jan 2016|
|Category||General Announcement for PLC|