Letter Of Acceptance From Pengurusan Aset Air Berhad To Salcon Engineering Berhad
| Type | Announcement | ||||||||||
| Subject | OTHERS |
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| Description | SALCON BERHAD ("SALCON" OR "THE COMPANY") - LETTER OF ACCEPTANCE FROM PENGURUSAN ASET AIR BERHAD TO SALCON ENGINEERING BERHAD |
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Salcon is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company, had on 20 March 2025 accepted the Letter of Acceptance dated 13 March 2025 issued by Pengurusan Aset Air Berhad for the following project ("Letter of Acceptance"):
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 2025 and 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 20 March 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 20 Mar 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20032025-00010 |
Attachments