Others

BackJun 19, 2015
Type Announcement
Subject OTHERS
Description 
SALCON BERHAD ("SALCON" OR "THE COMPANY")
ACCEPTANCE OF LETTER OF AWARD FROM PERUNDING MAJUCIPTA SDN BHD BY ENVITECH SDN BHD

Salcon is pleased to announce that Envitech Sdn Bhd, a 60% owned subsidiary of Salcon Engineering Berhad, which in turn is a wholly-owned subsidiary of the Company, had accepted the Letter of Award dated 15 June 2015 issued by Perunding Majucipta Sdn Bhd for the following project:-

Project Duration Contract Sum  Date of Acceptance

Design, Obtain Approval and Build for Proposed Conversion of an Existing Aerated Lagoon (Assets No: KLR005) into a 60,000 PE STP and an Existing STP (Asset No. KLR173) into a 50,000 PE Pumping Station, Forced Main, Installation of Two Associated Temporary STPs, and Carting Away the Temporary STPs on Completion for M/s Orient Housing Development Sdn Bhd, Infinite Accomplishment Sdn Bhd, Desaria Home Sdn Bhd, C&G Maxim Sdn Bhd, Meridian Maxim Sdn Bhd and BKSC Properties Sdn Bhd  

(hereinafter referred as "Project")

52 weeks(Module 1)

65 weeks (Module 1 and 2)

  RM24,350,000.00 (excluding Goods and Services Tax) 16 June 2015

The Project is a construction 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 and 31 December 2016.

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.

This announcement is dated 19 June 2015.



Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 19 Jun 2015
Category General Announcement for PLC
Reference Number GA1-19062015-00019