Others

BackMar 14, 2013
Type Announcement
Subject OTHERS
Description LETTER OF ACCEPTANCE
– KALU GANGA WATER SUPPLY PROJECT (PHASE I STAGE II) [JICA LOAN NO.: SL-P93] – THE CONSTRUCTION OF KANDANA WATER TREATMENT PLANT EXTENSION – CIVIL, MECHANICAL/ ELECTRICAL AND ICM WORKS [CONTRACT NO.: WSDP/KGWSP-P1 S2/ICB-01]

Salcon Berhad (“Salcon” or “the Company”) is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company, has on 14 March 2013 accepted the Letter of Acceptance dated 11 March 2013 from the National Water Supply & Drainage Board, Ministry of Water Supply & Drainage of Sri Lanka for a project known as “Kalu Ganga Water Supply Project (Phase I Stage II) [JICA Loan No.: SL-P93] – The Construction of Kandana Water Treatment Plant Extension – Civil, Mechanical/ Electrical and ICM Works [Contract No.: WSDP/KGWSP-P1 S2/ICB-01]” (“the Project”).


The contract sum for the Project is SLRs1,929,641,251.45 (equivalent to RM47,064,421) plus J¥331,916,566.30 (equivalent to RM10,787,288). The contract duration is 728 days commencing within 14 days from 11 March 2013 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 14 Mar 2013  
Category General Announcement
Reference No CK-130313-56178