Salcon accepts RM19m construction job

PETALING JAYA: Salcon Bhd's sub-subsidiary Envitech Sdn Bhd has accepted the work order issued by China State Construction Engineering (M) Sdn Bhd for a mixed development project in KL worth RM18.95 million.
The first phase of the project consists of two blocks of 53- and 55-storey serviced apartment and facilities, a guardhouse and an electrical substation.
The contract duration is 20 months. The commencement date will be advised by China State Construction Engineering at a later date.
The project is a construction contract and has no option for renewal. It is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending Dec 31, 2018 to 2019.
Its share price declined 2.1% to close at 46.5 sen, with some 794,700 shares changing hands.