【SALCON 8567 交流专区】实康

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Type	Announcement
Subject	OTHERS
Description	Salcon Berhad ('Salcon' or 'the Company')-        Sub-Contract Articles of Agreement with Gamuda M&E 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 6 May 2019 accepted the Sub-Contract Articles of Agreement from Gamuda M&E Sdn Bhd for the following project: Project Date of Commencement Date of Completion Contract Sum Construction and completion of mechanical & electrical works, relocation of existing utilities and trunk sewer diversion ('Sub-Contract Work') at ''PMV.Infra.05 Construction of Jalan Belfield Tunnel, Flyover, Flare Wall, Relocation of Existing Utilities, PMU Roadway, Upgrading and Improvement of Surface Road and Associated Works, Mukim Bandar Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan for PNB Merdeka Ventures Sdn Bhd'' (hereinafter referred as 'the Project') The date of Sub-Contract Agreement is made and entered into 31 October 2019 RM18,333,000.00   The Project is a construction contract and has no option for renewal. The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial year ending 31 December 2019. Salcon does not foresee any exceptional risks other than execution risks associated with the Project. The Project will not have any effect on the share capital and substantial shareholders’ shareholding of the Company. 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. This announcement is dated 6 May 2019.

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	SALCON BERHAD ('SALCON' OR 'THE COMPANY')(I) ACQUISITION OF THE ENTIRE EQUITY INTEREST IN CIRCLIC INTERACTIVE TOURISM SDN BHD (FORMERLY KNOWN AS CIRCLIC INTERACTIVE SDN BHD) ('CIT') BY ECO-COACH & TOURS (M) SDN BHD ('ECT').(II) DISPOSAL OF 65% EQUITY INTEREST IN CIT BY SALCON XINLIAN GROUP LTD (FORMERLY KNOWN AS SALCON WATER INTERNATIONAL LTD) ('SXGL'), TO ECT ('DISPOSAL').(III) WAIVER OF DEBT OWING BY CIT TO SXGL.
Pursuant to Paragraph 10.08(1) of the Bursa Malaysia Securities Berhad ('Bursa Securities') Main Market Listing Requirements ('Main LR'), the Board of Directors of Salcon ('Board') wishes to announce that on 17 May 2019, ECT had entered into a Sale and Purchase Agreement ('SPA') with the following:- 1. SXGL; 2. Mr See Che Chi ('SCC'); 3. Ms Teoh Hooi Fang ('THF'); 4. Mr Chuah Tse Leong ('CTL'); 5. Dato' Ngiam Foon ('DNF'); and 6. CIT (each 'a Party' and collectively as 'the Parties') for the acquisition of a total of 200,000 ordinary shares ('Sale Shares'), representing the entire equity interest in CIT by ECT from SXGL, SCC, THF, CTL and DNF, for a total cash consideration of RM5.00 only ('Purchase Consideration'). Please refer to the attachment for further details.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6164557

Attachments SB_Acquisition of entire equity interest in CIT by ECT.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	32,442	21,380	32,442	21,380
2	Profit/(loss) before tax	-874	-8,672	-874	-8,672
3	Profit/(loss) for the period	-1,801	-9,638	-1,801	-9,638
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,830	-7,672	-1,830	-7,672
5	Basic earnings/(loss) per share (Subunit)	-0.22	-1.14	-0.22	-1.14
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5500		0.6700

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Type	Announcement
Subject	OTHERS
Description	Salcon Berhad ('Salcon' or 'the Company')-        Letter of Award from Gamuda Land (Botanic) 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 27 June 2019 accepted the Letter of Award dated 25 June 2019 issued by Gamuda Land (Botanic) Sdn Bhd for the following project:- Project Date of Commencement Duration Date of Completion Contract Sum Proposed rectification, execution & completion of remedial works of existing vacuum sewerage system KXG 708 & KXG 722 catchments at Bandar Botanic, Mukim Klang, Daerah Klang, Selangor Darul Ehsan untuk tetuan Gamuda Land (Botanic) Sdn Bhd (hereinafter referred as 'the Project') 28 June 2019 7 Calendar Months 27 January 2020 RM25,668,722.20 The Project is a construction contract and has no option for renewal. The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending 31 December 2019 to 31 December 2020. Salcon does not foresee any exceptional risks other than execution risks associated with the Project. The Project will not have any effect on the share capital and substantial shareholders’ shareholding of the Company. 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. This announcement is dated 27 June 2019.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	58,109	30,015	90,551	51,395
2	Profit/(loss) before tax	-6,164	-1,360	-7,038	-10,032
3	Profit/(loss) for the period	-6,240	-2,367	-8,041	-12,005
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,188	-844	-6,018	-8,516
5	Basic earnings/(loss) per share (Subunit)	-0.51	-0.13	-0.73	-1.26
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5400		0.6700

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Notice of Person Ceasing (Section 139 of CA 2016)

SALCON BERHAD

Particulars of Substantial Securities Holder

Name	DATO' SERI DR GOH ENG TOON
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Date of cessation	23 Aug 2019
Name & address of registered holder	Naga Muhibah Sdn Bhd 16-A (1st Floor), Jalan Tun Sambanthan 3, Brickfields, 50470 Kuala Lumpur.

No of securities disposed	91,054,768
Circumstances by reason of which a person ceases to be a substantial shareholder	(i)         Following the disposal of shares in Naga Muhibah Sdn Bhd by Dato Seri (Dr.) Goh Eng Toon, he ceased to have interest in Salcon Berhad's shares through Naga Muhibah Sdn Bhd pursuant to Section 8 of the Companies Act, 2016 ('the Act'); and (ii)        Ceased to have interest in Salcon Berhad's shares held by child (Datin Goh Phaik Lynn) through Naga Muhibah Sdn Bhd pursuant to Section 8 of the Act as Dato Seri (Dr.) Goh Eng Toon has no control of the rights attached to shares held by his child in Salcon Berhad.
Nature of interest	Indirect Interest
Date of notice	26 Aug 2019
Date notice received by Listed Issuer	26 Aug 2019

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Type	Announcement
Subject	OTHERS
Description	Salcon Berhad ("Salcon" or "the Company")-        Sub-Contract Agreement with China Geo Engineering Corporation
Salcon is pleased to announce that Salcon Engineering Berhad, a wholly-owned subsidiary of the Company, had on 26 September 2019 entered a Sub-Contract Agreement with China Geo Engineering Corporation (‘Sub-Contract Agreement’) for the following project: Project Date of Commencement Duration Contract Sum Mechanical and Electrical portions of the Works to be executed under the Plant & Design Build Contract for Civil and M&E Works, Valachchenai Water Supply Project, Contract No : RSC(E)/D&B/VALACHCHENAI/2017/01 (hereinafter referred as “the Project”) To be determined by China Geo Engineering Corporation at a later date 36 months from date of commencement USD7.55 million (equivalent to RM31.66 million*) and SLR833.70 million (equivalent to RM19.19 million#) totaling equivalent to approximately RM50.85 million (including provisional sum, custom duty and VAT) The Project is a construction contract and has no option for renewal. The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial year endings 31 December 2020, 31 December 2021 and 31 December 2022. Salcon does not foresee any exceptional risks other than execution risks associated with the Project. The Project will not have any effect on the share capital and substantial shareholders’ shareholding of the Company. 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. This announcement is dated 27 September 2019. Notes: *   Based on the exchange rate of USD1:RM4.19 on 26 September 2019 as set out in the Bank Negara’s website, subject to rounding. #   Based on the exchange rate of SLR1.00 : RM0.023 on 26 September 2019 as set out in XE Currency Data API, subject to rounding.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2019	30 Sep 2018	30 Sep 2019	30 Sep 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	41,693	35,274	132,244	86,669
2	Profit/(loss) before tax	-4,639	5,304	-11,677	-4,728
3	Profit/(loss) for the period	-4,965	4,611	-13,006	-7,394
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,813	3,284	-10,831	-5,232
5	Basic earnings/(loss) per share (Subunit)	-0.57	0.49	-1.28	-0.78
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5100		0.6700

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SALCON BERHAD

Date of change	30 Dec 2019
Name	DATIN GOH PHAIK LYNN
Age	59
Gender	Female
Nationality	Malaysia
Designation	Non Executive Director
Directorate	Non Independent and Non Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Masters	Science	London School of Economics UK
2	Degree	Science Economic	London School of Economics UK

Working experience and occupation	During the employment with Ban Hin Lee Bank (which subsequently merged with Southern Bank Berhad and acquired by CIMB Bank Berhad) from 1983 to 2000, Datin Goh Phaik Lynn ("Datin Goh") was the General Manager, Head of Corporate Banking and Investment Division of Ban Hin Lee Bank. Other positions held by her during the employment with Ban Hin Lee Bank included setting up and sitting on the Boards of BHLB Pacific Trust Management Bhd (Unit Trust company) and BHLB Asset Management Bhd.  Datin Goh has involved in charity projects. She is a member of Owen-Baden Powell Society and a member of the Board of Governors of Convent Bukit Nanas Kuala Lumpur. She is also the Director of various family investment companies and property development companies.
Directorships in public companies and listed issuers (if any)	None
Family relationship with any director and/or major shareholder of the listed issuer	Datin Goh is the spouse of Dato' Leong Kok Wah, the Executive Director and a major shareholder of the Company.Save as disclosed above, Datin Goh does not have any family relationship with any Director and/or major shareholder of the Company.
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Datin Goh's interests in Salcon Berhad's securities are as follows:-96,378,040 Ordinary Shares (Indirect)37,266,176 Warrants (Indirect)

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2019	31 Dec 2018	31 Dec 2019	31 Dec 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	59,457	43,552	191,701	130,221
2	Profit/(loss) before tax	4,367	3,166	-7,310	-1,562
3	Profit/(loss) for the period	4,019	3,001	-8,987	-4,393
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,208	7,348	-8,623	2,116
5	Basic earnings/(loss) per share (Subunit)	0.27	0.89	-1.03	0.26
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5200		0.5500

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	47,821	32,442	47,821	32,442
2	Profit/(loss) before tax	-4,222	-874	-4,222	-874
3	Profit/(loss) for the period	-5,097	-1,801	-5,097	-1,801
4	Profit/(loss) attributable to ordinary equity holders of the parent	-6,355	-1,830	-6,355	-1,830
5	Basic earnings/(loss) per share (Subunit)	-0.79	-0.22	-0.79	-0.22
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5000		0.5100

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SALCON BERHAD

Entitlement subject	Share Dividend
Entitlement description	First and final dividend via distribution of treasury shares as share dividends on the basis of one (1) treasury share for every twenty-nine (29) existing ordinary shares held in the Company in respect of the financial year ended 31 December 2019.
Ex-Date	06 Aug 2020
Entitlement date	07 Aug 2020
Entitlement time	5:00 PM
Financial Year End	31 Dec 2019
Share transfer book& register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	07 Aug 2020
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Ratio
Par Value (if applicable)
Securities Entitlement
Company Name	SALCON BERHAD
Entitlement	Ordinary Shares
Ratio (New : Existing)	1.0000 : 29.0000

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	SALCON BERHAD ("SALCON" OR "COMPANY")PROPOSED SUBSCRIPTION OF SHARES IN DIGITAL MOMENTUM SDN. BHD.
Please refer to the attached file for the details on the Proposed Subscription of Shares in Digital Momentum Sdn. Bhd.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3068312

Attachments SB_Subscription of Shares in Digital Momentum Sdn Bhd.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	24,523	58,109	72,344	90,551
2	Profit/(loss) before tax	1,317	-6,164	-2,905	-7,038
3	Profit/(loss) for the period	955	-6,240	-4,142	-8,041
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,145	-4,188	-4,210	-6,018
5	Basic earnings/(loss) per share (Subunit)	0.27	-0.51	-0.53	-0.73
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5100		0.5100

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	SALCON BERHAD ("SALCON" OR "THE COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF SALCON (EXCLUDING TREASURY SHARES)
On behalf of the Board of Directors of Salcon (“Board”), Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that the Company proposes to undertake a private placement of up to 20% of the total number of issued shares of the Company (excluding treasury shares) (“Proposed Private Placement”). Kindly refer to the attachment for the details of the Proposed Private Placement. This announcement is dated 28 September 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3091320

Attachments SALCON - Proposed Private Placement.pdf

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	SALCON BERHAD ("SALCON" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES (EXCLUDING TREASURY SHARES) OF SALCON ("PROPOSED PRIVATE PLACEMENT")
(Reference is made to the announcement dated 28 September 2020 in relation to the above (“Announcement”). Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcement.) On behalf of the Board, Affin Hwang IB wishes to announce further information in relation to the Proposed Private Placement as set out in the attachment below. This announcement is dated 8 October 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3094543

Attachments SALCON_additional announcement.pdf

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Type	Announcement
Subject	MATERIAL LITIGATION
Description	SALCON BERHAD ("SALCON" OR "THE COMPANY")NOTICE TO COMMENCE ARBITRATION PROCEEDINGS BY SALCON MMCB AZSB JV SDN BHD AGAINST PENGURUSAN ASET AIR BERHAD
We refer to our announcements of 17 April 2014 and 26 August 2020. Unless otherwise stated, the abbreviations used in this announcement shall have the same meaning as set out in the earlier announcements. Salcon wishes to announce that SMAJV had, on 25 September 2020, been informed by its solicitors that PAAB had served its Response to SMAJV’s Arbitration Notice dated 26 August 2020 (“Response to Arbitration Notice”). Please refer to the attachement for further details.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3091546

Attachments SB_PAAB response to Notice of Arbitration served by SMAJV.pdf

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-01102020-00001
Subject	ARBITRATION PROCEEDINGS BY SALCON MMCB AZSB JV SDN BHD (SMAJV) AGAINST PENGURUSAN ASET AIR BERHAD ("PAAB")
Description	SALCON BERHAD ("SALCON" OR "THE COMPANY")NOTICE TO COMMENCE ARBITRATION PROCEEDINGS BY SALCON MMCB AZSB JV SDN BHD AGAINST PENGURUSAN ASET AIR BERHAD
Query Letter Contents	We refer to your Company’s announcement dated 28 September 2020, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1) The date on which PAAB’s counterclaim against SMAJV (“Counterclaim”) was served on SMAJV and/or its solicitors. 2) The interest rate claimed by PAAB under its Counterclaim. 3) The estimated potential liability to Salcon Berhad group of companies arising from the Counterclaim. 4) A confirmation as to whether SMAJV is a major subsidiary of Salcon Berhad (i.e. a subsidiary which contributes 70% or more of the profit before tax or total assets employed of Salcon Berhad on a consolidated basis). 5) The total cost of Salcon Berhad’s investment in SMAJV. 6) The steps taken or proposed to be taken by SMAJV and/or Salcon Berhad in respect of the Counterclaim.
We refer to our announcements of 17 April 2014, 26 August 2020 and 28 September 2020 (“Announcements”). Unless otherwise stated, the abbreviations used in this announcement shall have the same meaning as set out in the Announcements. Salcon wishes to furnish the additional information as attached herewith.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3093283

Attachments Reply Query _Respond of Notice of Arbitration from PAAB.pdf

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SALCON BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Private placement of up to 20% of the total number of issued shares (excluding treasury shares) of Salcon
No. of shares issued under this corporate proposal	139,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.1950
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	986,113,655
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 451,569,227.000
Listing Date	22 Oct 2020

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SALCON BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Private placement of up to 20% of the total number of issued shares (excluding treasury shares) of Salcon Berhad
No. of shares issued under this corporate proposal	26,300,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.2550
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	1,012,413,655
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 458,275,727.000
Listing Date	02 Nov 2020

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	SALCON BERHAD ("SALCON" OR "THE COMPANY")PROPOSED ACQUISITION OF 1,020,000 ORDINARY SHARES, REPRESENTING 51% OF THE TOTAL ISSUED SHARES CAPITAL IN JR ENGINEERING AND MEDICAL TECHNOLOGIES (M) SDN BHD BY NUSANTARA JASAKITA SDN BHD (A 90%-OWNED SUBSIDIARY OF SALCON) FROM GANESAN A/L SUBRAMANIAM
Pursuant to Paragraph 10.06 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), Salcon wishes to announce that Nusantara Jasakita Sdn Bhd, a 90%-owned subsidiary of Salcon (“NJSB” or “Purchaser”) has on 12 November 2020 entered into a Share Sale Agreement (“SSA”) with Ganesan A/L Subramaniam (“Ganesan” or “Vendor”) for the acquisition of 1,020,000 ordinary shares (“Sale Shares”), representing 51% of the total issued shares capital in JR Engineering and Medical Technologies (M) Sdn Bhd (“JREMT”) for a total cash consideration of RM28,560,000.00 only (“Purchase Consideration”) (“Proposed Acquisition”). (NJSB and Ganesan are individually referred to as a “Party” and collectively as “Parties”). NJSB, Ganesan, Hamen A/L Ganesan (“Hamen”) and JREMT will enter into a Shareholders Agreement (“SHA”) to regulate their relationship as shareholders of JREMT, and to govern the management, obligations, rights, commitments, affairs and/or dealings in relation to JREMT on the completion of the SSA. Please refer to the attachment for further details.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3104563

Attachments Ann_Proposed Acquisition of shares in JREMT_final.pdf

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-13112020-00003
Subject	PROPOSED ACQUISITION OF 1,020,000 ORDINARY SHARES, REPRESENTING 51% OF THE TOTAL ISSUED SHARES CAPITAL IN JR ENGINEERING AND MEDICAL TECHNOLOGIES (M) SDN BHD ("JREMT") BY NUSANTARA JASAKITA SDN BHD ("NJSB") (A 90%-OWNED SUBSIDIARY OF SALCON BERHAD) FROM GANESAN A/L SUBRAMANIAM ("PROPOSED ACQUISITION")
Description	SALCON BERHAD ("SALCON" OR "THE COMPANY")PROPOSED ACQUISITION OF 1,020,000 ORDINARY SHARES, REPRESENTING 51% OF THE TOTAL ISSUED SHARES CAPITAL IN JR ENGINEERING AND MEDICAL TECHNOLOGIES (M) SDN BHD BY NUSANTARA JASAKITA SDN BHD (A 90%-OWNED SUBSIDIARY OF SALCON) FROM GANESAN A/L SUBRAMANIAM
Query Letter Contents	We refer to your Company’s announcement dated 12 November 2020, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1) Whether shareholders’ approval will be sought for Salcon Berhad’s diversification into the glove business pursuant to Paragraph 10.13 of the Main Market Listing Requirements. 2) The total capital and investment outlay to be incurred by JREMT for the additional 12 production lines (“Expansion”), its sources of funding (including the breakdown) and to quantify the portion to be borne by Salcon Berhad and/or NJSB. 3) The current production capacity and output of JREMT and the expected production capacity and output after the Expansion.
Reference is made to the announcement of the Company dated 12 November 2020 (“Announcement”) and the letter dated 13 November 2020 (IQL-13112020-00003) from Bursa Securities in relation to the Proposed Acquisition of 1,020,000 Ordinary Shares, representing 51% of the total issued shares capital in JR Engineering and Medical Technologies (M) Sdn Bhd by Nusantara Jasakita Sdn Bhd (A 90%-owned subsidiary of Salcon) from Ganesan A/L Subramaniam. Unless otherwise stated, all abbreviations and definition used herein shall have the same meanings as those defined in the Announcement. Kindly refer to the attachment on the detail of reply. This announcement is dated 16 November 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3105366

Attachments Reply Query - Proposed Acquisition of shares in JREMT.pdf

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	SALCON BERHAD ("SALCON" OR "THE COMPANY")PROPOSED ACQUISITION OF 1,020,000 ORDINARY SHARES, REPRESENTING 51% OF THE TOTAL ISSUED SHARES CAPITAL IN JR ENGINEERING AND MEDICAL TECHNOLOGIES (M) SDN BHD BY NUSANTARA JASAKITA SDN BHD (A 90%-OWNED SUBSIDIARY OF SALCON) FROM GANESAN A/L SUBRAMANIAM
Further to our announcements of 12 November 2020 and 16 November 2020 ("Announcements"), unless otherwise stated, all abbreviations and definition used herein shall have the same meanings as those defined in the Announcements. Salcon wishes to furnish additional information to question number 2 and 3 of Bursa Malaysia Securities Berhad's letter dated 13 November 2020 as follows:- 2. The total capital and investment outlay to be incurred by JREMT for the additional 12 production line (“Expansion”), its sources of funding (including the breakdown) and to quantify the portion to be borne by Salcon Berhad and/or NJSB. The proposed funding for the additional 12 production lines of RM150 million is to be financed by the mix of the bank borrowings to be raised by JREMT and the shareholders advances proportionately to its shareholdings. The quantum of the shareholders advances is only to be determined after the finalisation of bank borrowings. The initial estimation of the total amount to be borne by Salcon Berhad via shareholder’s advance is RM15 million. 3. The current production capacity and output of JREMT and the expected production capacity and output after the Expansion. The current production capacity and output of JREMT are 336 million pieces annually while the expected production capacity after the expansion is 3.05 billion pieces annually. The expected output after the expansion will depend on the global demand of gloves at that time. This announcement is dated 18 November 2020.

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	60,222	41,693	132,566	132,244
2	Profit/(loss) before tax	-5,237	-4,639	-8,142	-11,677
3	Profit/(loss) for the period	-3,032	-4,965	-7,174	-13,006
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,028	-4,813	-6,238	-10,831
5	Basic earnings/(loss) per share (Subunit)	-0.25	-0.57	-0.76	-1.28
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5100		0.5100

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	SALCON BERHAD ("SALCON" OR "THE COMPANY") EXECUTION OF SOLAR POWER PURCHASE AGREEMENTS BETWEEN SATRIA MEGAJUTA SDN BHD, A 67%-OWNED SUBSIDIARY OF SALCON SER SDN BHD (FORMERLY KNOWN AS SALCON POWER SDN BHD) WHICH IN TURN IS A 70%-OWNED SUBSIDIARY OF SALCON, AND HEVEAPAC SDN BHD
Pursuant to Paragraphs 10.08(1) and 10.12 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Salcon wishes to announce that Satria Megajuta Sdn Bhd (“Satria” or “Lessee”) had on 7 December 2020 entered into three (3) Solar Power Purchase Agreements (“SPPA”) with HeveaPac Sdn Bhd (“HeveaPac” or “Consumers” or “Related Party” or “Lessor” or “Premise Owner”) for the sale and purchase of electricity to be generated by the solar generating facilities (“Net Electrical Output”) to be installed, owned and operated by Satria on the Site (as hereinafter defined) at the premises owned and occupied by Premise Owner. Please refer to the attachment for further details.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3111773

Attachments Salcon_Ann_Solar Power Purchase Agreement_final.pdf

icy97

Type	Announcement
Subject	OTHERS
Description	Salcon Berhad ("Salcon" or "the Company")-        Letter of Award from Gamuda Land (Botanic) 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 27 October 2021 accepted the Letter of Award dated 27 October 2021 issued by Gamuda Land (Botanic) Sdn Bhd for the following project:- Project Date of Commencement Duration Date of Completion Contract Sum Proposed Stage 2 Rehabilitation of Vacuum Sewerage System at Bandar and Ambang Botanik, Klang, Selangor Darul Ehsan. KXG708 (Line 6, 7 & 8) KXG722 (Line 1, 2, 3, 4, 5, 8 & 9) KXG714 (Line 14, 15, 16, 17 & 18) KXG715 (Line 9, 10, 11, 12 & 13) (hereinafter referred as “the Project”) 27 October 2021 12 calendar months from the Date of Commencement 26 October 2022 RM20,850,000.00 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 2021 and 31 December 2022. 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.