Others

BackDec 22, 2014
Type Announcement
Subject OTHERS
Description LETTER OF ACCEPTANCE – CENTRALISED SEWAGE TREATMENT PLANT SUB-CONTRACT IN RELATION TO THE PROJECT KNOWN AS “CADANGAN PEMBINAAN LANGAT CENTRALISED SEWAGE TREATMENT PLANT DAN PENYAMBUNGAN RANGKAIAN PAIP PEMBETUNGAN DI KAWASAN TADAHAN LEMBANGAN SUNGAI LANGAT SECARA REKA DAN BINA”

Salcon Berhad ("Salcon" or "the Company") is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company together with Loh & Loh Constructions Sdn Bhd ("Loh & Loh") (Salcon and Loh & Loh are hereinafter referred to as "Sub Contractor"), had received the Letter of Acceptance dated 15 December 2014 issued by MMC Corporation Berhad for the following sub-contract works in relation to the project known as "Cadangan Pembinaan Langat Centralised Sewage Treatment Plant dan Penyambungan Rangkaian Paip Pembetungan di Kawasan Tadahan Lembangan Sungai Langat Secara Reka dan Bina":

Project Duration Contract Sum  Date of Acceptance

Centralised Sewage Treatment Plant Sub-Contract, based on Design and Build Contract basis comprising Detailed Design, Process Design, Procurement, Construction, Testing, Commissioning of Civil, Structural, Mechanical, Electrical, Core System, Architectural, Landscape Architectural, Environmental Management Plan, Environmental Audit, Public Amenities, Green Technology, Training and Transfer of Technologies and Operation and Maintenance of the Centralised Sewage Treatment Plant inclusive of Operation and Maintenance and spare parts. 

(hereinafter referred as "the Project")

70 months, commencing from 22 December 2014 until the satisfactory completion on 19 October 2020.

 RM470,000,000.00 22 December 2014

A company with the name "Salcon Loh & Loh JV Sdn Bhd" will be incorporated by Salcon and Loh & Loh to undertake the Project on a 50:50 basis.

The Project is a contruction contract and has no option for renewal.

The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending 31 December 2015 to 31 December 2020.

Salcon does not foresee any exceptional risks 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 22 Dec 2014  
Category General Announcement
Reference No CK-141218-62488