Others

BackFeb 18, 2013
Type Announcement
Subject OTHERS
Description LETTER OF ACCEPTANCE
– PACKAGE B26 – REPAIR WORKS ON 7 UNITS OF PUBLIC SEWAGE TREATMENT PLANT (KXG455, KXG470, KXG002, KXG035, KXG024, KXG452 & KXG606) TO CATEGORY 1 IN SELANGOR AREA (DESIGN & BUILD)

Salcon Berhad (“Salcon” or “the Company”) is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company, has on 18 February 2013 accepted the Letter of Acceptance dated 7 February 2013 from the Sewerage Services Department, Ministry of Energy, Green Technology and Water of Malaysia for a project known as “Package B26 – Repair Works on 7 Units of Public Sewage Treatment Plant (KXG455, KXG470, KXG002, KXG035, KXG024, KXG452 & KXG606) to Category 1 in Selangor Area (Design & Build)” (“the Project”).

                         
The contract sum for the Project is RM14,138,249/- only (Ringgit Malaysia : Fourteen Million One Hundred Thirty Eight Thousand Two Hundred and Forty Nine Only). The contract duration is 24 months commencing from 28 February 2013 to 27 February 2015 and there is no option for renewal.


The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the period of the Project.


Salcon do not foresee any exceptional risk other than execution risks associated with the Project.

 
The Project will not have any effect on the share capital and substantial shareholders’ shareholding of the Company.

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. 

 

Announcement Info

Company Name SALCON BERHAD  
Stock Name SALCON    
Date Announced 18 Feb 2013  
Category General Announcement
Reference No CK-130218-60465