Letter Of Award From LTE Engineers Sdn Bhd To Salcon Engineering Berhad

BackOct 17, 2024
Type Announcement
Subject OTHERS
Description Salcon Berhad ("Salcon" or "the Company")
- Letter of Award from LTE Engineers Sdn Bhd to Salcon Engineering Berhad

 

Salcon is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company, had on 17 October 2024 accepted the Letter of Award dated 14 October 2024 issued by LTE Engineers Sdn Bhd on behalf of F&N AgriValley Sdn Bhd, for the following project:

 

Project

Date of Commencement

Date of Completion

Contract Sum

Proposed External Water Reticulation Works For Cadangan Pembangunan Pusat Ternakan Lembu Tenusu Dan Tanaman Pertanian Dengan Kemudahan Berkaitan Di Atas PT 3919 Dan Lot 12477, Ladang Pasir Besar, Mukim Gemas, Daerah Tampin, Negeri Sembilan Darul Khusus Untuk Tetuan F&N AgriValley Sdn Bhd.

(hereinafter referred to as “the Project”)

21 October 2024

 

Section 1: 

 

19 January 2025

(13 weeks from Date of Commencement) 

 

Section 2:

 

20 April 2025

(26 weeks from Date of Commencement)

 

RM18,500,000.00

 

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 year ending 31 December 2025 onwards.

 

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 17 October 2024. 

Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 17 Oct 2024
Category General Announcement for PLC
Reference Number GA1-17102024-00032