Others
| Type | Announcement |
| Subject | OTHERS |
| Description | SALCON BERHAD ("SALCON” OR THE “COMPANY”) SUPPLEMENTAL AGREEMENT TO THE TRANSFER-OPERATE-TRANSFER (“TOT”) AGREEMENT BETWEEN THE PEOPLE’S GOVERNMENT OF CHANGLE COUNTY (“PGCC”) AND SHANDONG CHANGLE SALCON WATER COMPANY LIMITED (“SCSW”), A WHOLLY-OWNED SUBSIDIARY OF SALCON SHANDONG (HK) LIMITED, A SUBSIDIARY OF SALCON BERHAD. |
Further to our earlier announcement made on 25 January 2013 on the subject-matter, we wish to inform/clarify on the following:- 1. Source of Fund The total investment cost will be borne by SCSW and will be funded through internally generated funds and bank borrowings, currently envisaged to be in the proportion of 70% through bank borrowings while the remaining 30% by internal generated funds. The final proportion of funding shall be determined at a later date. 2. Gearing Based on the latest audited consolidated financial statements of the Company for the financial year ended 31 December 2011 and the assumption that RM7,910,000 representing 70% of the total investment cost is financed through bank borrowings to be procured by the Company for the Upgrading Project, the gearing of Salcon Group will increase to 0.18 times from 0.16 times.
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 31 Jan 2013 |
| Category | General Announcement |
| Reference No | CK-130131-56330 |