General Announcement
18/09/2003Salcon Berhad signed Head of Agreement with three cities and a county in China
SALCON BERHAD |
Type | Announcement |
Subject | Salcon Berhad signed Head of Agreement with three cities and a county in China |
Contents :
We are pleased to inform that Salcon Berhad had on 16 September 2003 signed a Head of Agreement with the Peoples Government of Linqu County and the Peoples Government of Anqiu, Qingzhou and Changyi City, which are under the Municipality of Weifang, Shandong Province, Peoples Republic of China to invest in water supply systems in China.
The abovementioned projects cover a concession period of 50 years and shall be undertaken through joint venture Company to be formed between Salcon Berhad and the respective water supply companies with a proposed equity participation of 75% and 25%. The said projects cover the construction, management and development of drinkable water supply facilities with an estimated cost of RM200 million.
Announcement Info
Company Name | SALCON BERHAD |
Stock Name | SALCON |
Date Announced | 18 Sept 2003 |
Category | General Announcement |
Reference No | CU-030918-62688 |
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