Others
| Type | Announcement |
| Subject | OTHERS |
| Description | SALCON BERHAD ("SALCON” OR THE “COMPANY”) CLARIFICATION ON THE NEWS ARTICLE APPEARING IN THE NEW STRAITS TIMES, BUSINESS TIMES SECTION ON 29 JANUARY 2013 ENTITLED “SALCON SEEKS PARTNERS FOR CHINA LISTING” |
We refer to the news article appearing in The New Straits Times, Business Times Section on Tuesday, 29 January 2013 and in particular, to the sentences in the said article which are reproduced as follows:
“Its executive director Datuk Eddy Leong told Business Times that the listing of the water assets in China could take place “in the near future”. He added that Salcon is in talks with strategic partners that own and operate water assets in China to combine their water assets and jointly work together with ultimate aim of a listing.” The Board of Directors wishes to confirm that it is Salcon’s plan to grow the Company’s water assets in China from the current capacity of 1,300 million litres per day (MLD) to about 3,000 MLD for a meaningful listing in China (“Proposed Plan”). In order to achieve the objective, Salcon has to further expand the capacity of the China water assets by acquiring water assets which meet the Company’s investment criteria and/or seek partners who share similar objective. Salcon shall make the necessary announcements in compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad should there be any further significant developments of the Proposed Plan in due course. This announcement is dated 30 January 2013. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 30 Jan 2013 |
| Category | General Announcement |
| Reference No | CK-130130-57696 |