Letter of Award from Gamuda Land (Botanic) Sdn Bhd

BackJun 27, 2019
Type Announcement
Subject OTHERS
Description

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

- Letter of Award from Gamuda Land (Botanic) 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 on 27 June 2019 accepted the Letter of Award dated 25 June 2019 issued by Gamuda Land (Botanic) Sdn Bhd for the following project:-

Project

Date of Commencement

 

Duration

Date of Completion

Contract Sum

Proposed rectification, execution & completion of remedial works of existing vacuum sewerage system KXG 708 & KXG 722 catchments at Bandar Botanic, Mukim Klang, Daerah Klang, Selangor Darul Ehsan untuk tetuan Gamuda Land (Botanic) Sdn Bhd

 

(hereinafter referred as 'the Project')

28 June 2019

 

7 Calendar Months

27 January 2020

RM25,668,722.20

 

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 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 27 June 2019.

 

Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 27 Jun 2019
Category General Announcement for PLC
Reference Number GA1-27062019-00087