Transactions (Chapter 10 Of Listing Requirements):Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TERMINATION OF TRANSFER-OPERATE-TRANSFER CONCESSION AGREEMENT BETWEEN CHANGZHOU CITY TIAN NING DISTRICT DIAO ZHUANG STREET OFFICE (“CCTNDDZSO”), SALCON CHANGZHOU (HK) LIMITED (“SCHK”), A WHOLLY-OWNED SUBSIDARY OF SALCON AND CHANGZHOU SALCON WASTEWATER TREATMENT CO. LTD. (“CSWT”), A WHOLLY-OWNED SUBSIDIARY OF SCHK ASSET TRANSFER AGREEMENT BETWEEN CHANGZHOU SOUTHEAST INDUSTRIAL WASTEWATER TREATMENT PLANT (“CSIWTP”) AND CSWT |
We refer to the announcements dated 21 March 2011, 25 March 2011 and 26 April 2011 in respect of the 30 years Transfer-Operate-Transfer wastewater treatment concession agreement dated 21 March 2011 entered into between CCTNDDZSO and SCHK (“TOT Wastewater Concession Agreement”) and the asset transfer agreement dated 21 March 2011 entered into between CSIWTP and SCHK for the acquisition, upgrading, operation and maintenance of the Changzhou Southeast Industrial Wastewater Treatment Plant at Tian Ning, Changzhou, Jiangsu Province, the People’s Republic of China (“PRC”) (“Project”). The Board of Directors of Salcon wishes to announce that SCHK, CCTNDDZSO and CSWT had on 12 November 2012 entered into the following agreements:- (i) Concession Termination Agreement between CCTNDDZSO, SCHK and CSWT for the purpose of mutually terminating the TOT Wastewater Concession Agreement (“Concession Termination Agreement”); and (ii) Asset Transfer Agreement between CSIWTP and CSWT for the purpose of transferring the assets under the Project to CSIWTP (“Asset Transfer Agreement”). (“Termination") Kindly refer to the attached file for further information.
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 12 Nov 2012 |
| Category | General Announcement |
| Reference No | CK-121112-62285 |
Attachments
- SALCON121112.pdf (Size: 1,131,770 bytes)