Memorandum Of Understanding

BackAug 18, 2016

 

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description

SALCON BERHAD ("SALCON" OR "THE COMPANY")
- MEMORANDUM OF UNDERSTANDING BETWEEN SALCON ENGINEERING BERHAD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND TANJUNG PIAI MARITIME INDUSTRIES SDN BHD

Reference is made to the announcements dated 27 August 2015, 26 February 2016 and 26 May 2016 pertaining to the Memorandum of Understanding ("MOU") entered into between Salcon Engineering Berhad (Company No. 18161-H), a wholly-owned subsidiary of Salcon and Tanjung Piai Maritime Industries Sdn Bhd (Company No. 943274-D) for exploratory efforts in the establishment of water supply and sewerage treatment infrastructure to the new development at Tanjung Piai Intergrated Petroleum and Maritime Industrial Park, Mukim Serkat, Daerah Pontian, Johor Darul Takzim.

The Board of Directors of Salcon wishes to announce that the MOU has lapsed and the Company has no intention of extending the validity of the MOU.

There is no financial impact and obligation on the Company.

 

This announcement is dated 18 August 2016.

 


Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 18 Aug 2016
Category General Announcement for PLC
Reference Number GA1-16082016-00047