Letter Of Acceptance From Pengurusan Aset Air Berhad
| Type | Announcement |
| Subject | OTHERS |
| Description |
Salcon Berhad ("Salcon" or the "Company") - Letter of Acceptance from Pengurusan Aset Air Berhad |
Salcon is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company, had on 23 September 2022 accepted the Letter of Acceptance dated 21 September 2022 issued by Pengurusan Aset Air Berhad (received by Salcon Engineering Berhad on 22 September 2022) for the following project (“Letter of Acceptance”):-
|
Project |
Date of Possession |
Date of Commencement |
Duration |
Date of Completion |
Contract Sum |
|
Proposed Development of Langat 2 Water Treatment Plant and Water Reticulation System in Selangor Darul Ehsan/ Wilayah Persekutuan Kuala Lumpur ~ Pakej 3 – Cadangan Reka dan Bina Sistem Pelupusan Enapcemar Untuk Loji Rawatan Air Langat 2 (hereinafter referred as “the Project”) |
4 October 2022
|
Upon the fulfilment of the conditions precedent to the commencement of the Project as stipulated in the Letter of Acceptance. |
27 months |
3 January 2025 |
RM209,950,000.00 |
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 2023, 31 December 2024 and 31 December 2025.
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 23 September 2022.
Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 23 Sep 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23092022-00043 |