Others (Amended Announcement)

BackFeb 02, 2018

Amended Announcements
Please refer to the earlier announcement reference number: GA1-30012018-00088

Type Announcement
Subject OTHERS
Description

Salcon Berhad ("Salcon" or "the Company") - Work Order from China State Construction Engineering (M) 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 29 January 2018 accepted the Work Order “For External Works Outside The Boundary including Sewerage and Water Reticulation Works” dated 26 January 2018 issued by China State Construction Engineering (M) Sdn Bhd for the following project:

 

Cadangan Pembangunan Bercampur yang Terdiri daripada:

A. FASA 1

(i) 2 blok 53 dan 55 tingkat pangsapuri servis dan kemudahan

(ii) Sebuah pondok pengawal

(iii) 1 unit pencawang elektrik (SSU 33KV)

Di atas Lot-lot 80941 (Lot lama 1470), 80942 (Lot lama 2984), 80943 (Lot lama 38755), 4397, 46260 dan 46261 serta sebahagian Lot-lot 2983 dan 46262 Jalan Segambut, Mukim Batu, Wilayah Persekutuan, Kuala Lumpur untuk Tetuan JKG Central Park Sdn Bhd.

(hereinafter referred as “the Project”)

 

The contract sum for the Project is RM18,953,000.00/- (Ringgit Malaysia : Eighteen Million Nine Hundred Fifty Three Thousand) only. The contract duration is 20 months. The commencement date will be advised by China State Construction Engineering (M) Sdn Bhd at a later date.

 

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 to 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.

 

Note: the amendment (as highlighted in bold) was made to the first paragraph of the announcement dated 30 January 2018 on the nature of work secured by Envitech Sdn Bhd, which is “For External Works Outside The Boundary including Sewerage and Water Reticulation Works”.





Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 02 Feb 2018
Category General Announcement for PLC
Reference Number GA1-02022018-00009