Letter of Acceptance from Pengurusan Aset Air Berhad

BackApr 23, 2019
Type Announcement
Subject OTHERS
Description

Salcon Berhad ('Salcon' or 'the Company')

- Letter of Acceptance from Pengurusan Aset Air Berhad

Salcon is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company, had on 23 April 2019 accepted the Letter of Acceptance dated 17 April 2019 issued by Pengurusan Aset Air Berhad (received by Salcon Engineering Berhad on 22 April 2019) for the following project ('Letter of Acceptance'):-

Project

Date of  Site Possession

Date of Commencement

Duration

Date of Completion

Contract Sum

Proposed Development of Langat 2 Water Treatment Plant and Water Reticulation System in Selangor Darul Ehsan/ Wilayah Persekutuan Kuala Lumpur

~ Pakej 15(4) – Kerja-kerja Penyambungan ke Sistem Sediaada dan Memasang Paip Jenis Keluli Lembut (Mild Steel) Bergarispusat Nominal

I) 1600MM dari Kolam Air AU3 ke Sistem Sediaada di Jalan Enggang

II) 1400MM dari Paip Penyaluran Kolam Air AU3 di Jalan Enggang ke Sistem Sediaada di Jalan Jelatek

III) 900MM dari Paip Penyaluran Kolam Air AU3 ke Tangki Sedutan AU3 Sediaada

Serta Menyaipkan, Mengujiterima dan Mentauliah Kerja-kerja Sivil, Electrikal dan yang Berkaitan di Wilayah Persekutuan Kuala Lumpur

 

(hereinafter referred as 'the Project')

16 May 2019

 

 

Upon the fulfilment of conditions precedent to the commencement of the Project as stipulated in the Letter of Acceptance.

12 months

15 May 2020

RM39,802,700.00  

 

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 and 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.

 

This announcement is dated 23 April 2019.

 

Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 23 Apr 2019
Category General Announcement for PLC
Reference Number GA1-23042019-00016