Others

BackNov 16, 2017
Type Announcement
Subject OTHERS
Description

Salcon Berhad ("Salcon" or "the Company") - Letter of Award dated 13 November 2017 from Pengurusan Air Selangor Sdn. Bhd.

Salcon is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company, had on 16 November 2017 accepted the Letter of Award dated 13 November 2017 issued by Pengurusan Air Selangor Sdn Bhd for the following project:-

 

Project Commencement and Duration Date of Completion Contract Sum 

Proposed Pipe Replacement Program in Selangor, Wilayah Persekutuan Kuala Lumpur and Putrajaya For Year 2017/2018:

 

Package 8: Petaling  

 

(hereinafter referred as "the Project")

Shall commence on 29 November 2017 and be completed within a period of 15 months

28 February 2019

 RM17,158,233.30

(excluding 6% Goods and Services Tax)

 

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 2018 and 31 December 2019.

 

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 16 November 2017.




Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 16 Nov 2017
Category General Announcement for PLC
Reference Number GA1-16112017-00021