Salcon bags RM9.95m sewage treatment plant job

KUALA LUMPUR (July 20): Salcon Bhd’s indirect 60%-owned subsidiary Envitech Sdn Bhd has bagged a contract worth RM9.95 million to construct a sewage treatment plant in Kuala Langat, Selangor.

In a filing to Bursa Malaysia, Salcon said Envitech was awarded the job by Seriemas Development Sdn Bhd.

The project is to be completed within 15 months, on Oct 23, 2019, and has no option for renewal.

Salcon said the project is expected to contribute positively towards the group’s earnings and net assets for the financial year ending Dec 31, 2018 (FY18) and FY19.

Shares of Salcon closed unchanged at 31 sen today for a market capitalisation of RM264.56 million.

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