Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | SALCON BERHAD ("SALCON" OR "THE COMPANY") EXECUTION OF SOLAR POWER PURCHASE AGREEMENTS BETWEEN SATRIA MEGAJUTA SDN BHD, A 67%-OWNED SUBSIDIARY OF SALCON SER SDN BHD (FORMERLY KNOWN AS SALCON POWER SDN BHD) WHICH IN TURN IS A 70%-OWNED SUBSIDIARY OF SALCON, AND HEVEAPAC SDN BHD |
Pursuant to Paragraphs 10.08(1) and 10.12 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Salcon wishes to announce that Satria Megajuta Sdn Bhd (“Satria” or “Lessee”) had on 7 December 2020 entered into three (3) Solar Power Purchase Agreements (“SPPA”) with HeveaPac Sdn Bhd (“HeveaPac” or “Consumers” or “Related Party” or “Lessor” or “Premise Owner”) for the sale and purchase of electricity to be generated by the solar generating facilities (“Net Electrical Output”) to be installed, owned and operated by Satria on the Site (as hereinafter defined) at the premises owned and occupied by Premise Owner.
Please refer to the attachment for further details.
Please refer attachment below.
Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 07 Dec 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07122020-00052 |
Attachments
- Salcon_Ann_Solar_Power_Purchase_Agreement_final.pdf (Size: 232,467 bytes)