Letter Of Award From Gamuda Land (botanic) Sdn Bhd
| Type | Announcement |
| Subject | OTHERS |
| Description |
Salcon Berhad ("Salcon" or "the Company") - Letter of Award from Gamuda Land (Botanic) 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 27 October 2021 accepted the Letter of Award dated 27 October 2021 issued by Gamuda Land (Botanic) Sdn Bhd for the following project:-
|
Project |
Date of Commencement
|
Duration |
Date of Completion |
Contract Sum |
|
Proposed Stage 2 Rehabilitation of Vacuum Sewerage System at Bandar and Ambang Botanik, Klang, Selangor Darul Ehsan.
(hereinafter referred as “the Project”) |
27 October 2021
|
12 calendar months from the Date of Commencement |
26 October 2022 |
RM20,850,000.00 |
The Project is a construction contract and has no option for renewal.
EFFECTS ON FINANCIAL, ISSUED SHARE CAPITAL AND SUBSTANTIAL SHAREHOLDERS’ SHAREHOLDING
The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending 31 December 2021 and 31 December 2022.
The Project will not have any effect on the share capital and substantial shareholders’ shareholding of the Company.
RISK FACTORS
Salcon does not foresee any exceptional risks other than execution risks associated with the Project.
INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED TO THEM
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.
Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 27 Oct 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27102021-00094 |