General Announcement for PLC
17/12/2021OTHERS Salcon Berhad ("Salcon" or "the Company") - Letter of Award from the Employers, Messrs. 368 Segambut Sdn Bhd and JKG Central Park Sdn Bhd
Amended Announcements
Please refer to the earlier announcement reference number: GA1-17122021-00019
SALCON BERHAD |
Type | Announcement | ||||||||||
Subject | OTHERS |
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Description | Salcon Berhad ("Salcon" or "the Company") - Letter of Award from the Employers, Messrs. 368 Segambut Sdn Bhd and JKG Central Park Sdn Bhd |
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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 16 December 2021 accepted the Letter of Award dated 15 December 2021 from the Employers, Messrs. 368 Segambut Sdn Bhd and JKG Central Park Sdn Bhd for the following project:-
The Project is a construction contract and has no option for renewal.
EFFECTS ON FINANCIAL, ISSUED SHARE CAPITAL AND SUBSTANTIAL SHAREHOLDERS’ SHAREHOLDING
The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending 31 December 2022 and 31 December 2023.
The Project will not have any effect on the share capital and substantial shareholders’ shareholding of the Company.
RISK FACTORS
Salcon does not foresee any exceptional risks other than execution risks associated with the Project.
INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED TO THEM
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. |
Announcement Info
Company Name | SALCON BERHAD |
Stock Name | SALCON |
Date Announced | 17 Dec 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-17122021-00067 |