Letter of Award From JURUTERA MTC SDN BHD On Behalf Of MESSRS ECO HORIZON SDN BHD.
| Type | Announcement | ||||||||
| Subject | OTHERS |
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| Description |
Salcon Berhad ("Salcon" or the "Company") - Letter of Award from JURUTERA MTC SDN BHD on behalf of MESSRS ECO HORIZON SDN BHD. |
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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 1 August 2023 accepted the Letter of Award dated 27 July 2023 issued by JURUTERA MTC SDN BHD for the following project:-
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 2023 and 31 December 2024.
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.
This announcement is dated on 1 August 2023. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 01 Aug 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01082023-00047 |