(i) Letter Of Award From Binastra Builders Sdn Bhd (ii) Letter Of Award From Perbadanan Pembangunan Pulau Pinang
| Type | Announcement | ||||||||||||||||||
| Subject | OTHERS |
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| Description | SALCON BERHAD ("SALCON" OR "THE COMPANY") (i) LETTER OF AWARD FROM BINASTRA BUILDERS SDN BHD (ii) LETTER OF AWARD FROM PERBADANAN PEMBANGUNAN PULAU PINANG |
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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 17 March 2025 accepted two (2) Letters of Award issued by the following parties:-
(hereinafter referred as “the Projects”)
The Projects are construction contracts and have no option for renewal.
EFFECTS ON FINANCIAL, ISSUED SHARE CAPITAL AND SUBSTANTIAL SHAREHOLDERS’ SHAREHOLDING
The Projects are expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending 31 December 2025 to 31 December 2026.
The Projects 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 Projects.
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 Projects.
This announcement is dated 17 March 2025. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 17 Mar 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17032025-00034 |