The Board of Directors of Salcon Berhad ("Company") is pleased to propose a first and final dividend via the distribution of treasury shares on the basis of one (1) treasury share for every twenty-nine (29) existing ordinary shares held in the Company ("Share Dividend") in respect of the financial year ended 31 December 2018 for the approval of the shareholders at the forthcoming Company's Sixteenth Annual General Meeting.
The proposed entitlement and payment dates for the Share Dividend shall be determined at a later date and announced accordingly.
Government going to increase water tariffs soon n allocate funds for water treatment n supply nationwide.. water related n construction stocks in focus
KUALA LUMPUR (March 19): Salcon Bhd said its engineering unit has secured a water treatment plant construction contract in Sabah worth RM124.7 million.
In an exchange filing today, Salcon said the contract — awarded to its wholly-owned subsidiary Salcon Engineering Bhd by Rintis Dinamik Sdn Bhd — will involve works for the capacity expansion works for the Telibong II water treatment plant in Tamparuli, Sabah.
The expansion, which will be carried out on its main pipeline and storage tank, will increase the plant’s capacity from 80 million to 160 million litre a day.
Salcon said the contract will commence on March 28 for scheduled completion on Feb 18, 2021, and will have no option for renewal.
The contract is expected to contribute positively towards the group’s earnings for the financial year ending Dec 31, 2019 to Dec 31, 2021, it added.
Shares in Salcon closed 1.5 sen or 5.26% lower today at 27 sen, valuing the water and wastewater engineering company at RM221.02 million.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Kim
4,357 posts
Posted by Kim > 2019-01-09 17:00 | Report Abuse
Collect2.. =)