Letter of Award from the Employers, Messrs. 368 Segambut Sdn Bhd and JKG Central Park Sdn Bhd (Amended Announcement)

Letter of Award from the Employers, Messrs. 368 Segambut Sdn Bhd and JKG Central Park Sdn Bhd (Amended Announcement)

Amended Announcements
Please refer to the earlier announcement reference number: GA1-17122021-00019

Type	Announcement
Subject	OTHERS
Description	Salcon Berhad ("Salcon" or "the Company") - Letter of Award from the Employers, Messrs. 368 Segambut Sdn Bhd and JKG Central Park 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 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:-

Project	Date of Commencement	Duration	Date of Completion	Contract Sum
Cadangan Pembinaan Rangkaian Pembetung Bersepadu (berjumlah 31,449pe) bagi Pembangunan bercampur di atas Lot 4719, 80916 (sebelumnya Lot 4722), Lot 32661 dan Lot 54833, Jalan Segambut, Mukim Batu, Wilayah Persekutuan Kuala Lumpur untuk tetuan 368 Segambut Sdn Bhd dan Lot-lot 80941 (Lot Lama 1470), 2983, 80942 (Lot Lama 2984), 3680, 4397, 80943 (Lot Lama 38755), 46260, 46261 dan 46262, Jalan Segambut, Mukim Batu, Wilayah Persekutuan Kuala Lumpur untuk tetuan JKG Central Park Sdn Bhd External Common Gravity Sewer Mains (From MH-1 to existing MH-S11) (hereinafter referred as "the Project")	20 December 2021	Twenty (20) months from Date of Commencement	19 August 2023	RM19,729,300.00(including Provisional Sum of RM850,000.00)

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

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