Letter Of Award From Rantau Urusan (M) Sdn Bhd
| Type | Announcement | ||||||
| Subject | OTHERS |
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| Description | Salcon Berhad ("Salcon" or "the Company") - Letter of Award from Rantau Urusan (M) 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 9 May 2024 accepted the Letter of Award dated 8 May 2024 issued by RANTAU URUSAN (M) SDN BHD for the following project:-
The Project involves the design and construction of a sewage treatment plant to cater for a population of 54,000 PE.
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 2024 to 31 December 2026.
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. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 09 May 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09052024-00043 |