Salcon Berhad-letter Of Intent
BackJan 15, 2007
| General Announcement |
| Reference No CC-070105-53423 |
| Company Name |
:
|
SALCON BERHAD |
| Stock Name |
:
|
SALCON |
| Date Announced |
:
|
15/01/2007 |
 |
|
|
| Type | : | Announcement |
| Subject | : | SALCON BERHAD-LETTER OF INTENT |
Contents :
The Board of Directors of Salcon Berhad ("Salcon" or "the Company") is pleased to announce that Rastamas-Salcon Joint Venture, a joint venture between Rastamas Contractor Sdn. Bhd. and Salcon's wholly-owned subsidiary, Salcon Engineering Berhad ("SEB") on a 51:49 joint venture basis had on 15 January 2007 received a Letter of Intent from Pengarah Kerja Raya Negeri Sabah to undertake a project to design, construct and complete a sewage system in Kota Kinabalu, Sabah ("the Project") on turnkey/design and build basis.
The value of the project would be approximately RM183.355 million.
The project if awarded would have a profit contribution to the earnings of the Group for the financial year ending 31 December 2007.
None of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect, in the above project.
This announcement is dated 15 January 2007