Others

BackMar 19, 2019
Type Announcement
Subject OTHERS
Description

Salcon Berhad ("Salcon" or "the Company")

- Letter of Award from Rintis Dinamik Sdn Bhd

Salcon is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company, had on 19 March 2019 accepted the Letter of Award dated 15 March 2019 issued by Rintis Dinamik Sdn Bhd for the following project:-

Project

Date of Commencement

 

Date of Completion

Contract Sum

Penambahan Kapasiti Loji Rawatan Air Telibong II, Tamparuli dari 80 JLH ke 160 JLH Termasuk Saluran Paip Utama dan Tangki Simpanan – Raw Water Intake Work & Water Treatment Plant Work

 

(hereinafter referred as “the Project”)

28 March 2019

 

18 February 2021

RM124,696,000.00

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 2019 to 31 December 2021.

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 March 2019.



Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 19 Mar 2019
Category General Announcement for PLC
Reference Number GA1-19032019-00047