After 16th may, >100 millions warrants will be converted to mother shares at 0.75 per piece. Dilution of share price. that's why i am selling on strength.
rock n row. let's ee how low you can go... can buy and keep for medium term.... should be having more news and spin off subsidiary/collateral contracts
OTHERS PROPOSED DEVELOPMENT OF LANGAT 2 WATER TREATMENT PLANT AND WATER RETICULATION SYSTEM IN SELANGOR DARUL EHSAN/WILAYAH PERSEKUTUAN KUALA LUMPUR (LANGAT 2 WTP AND WATER RETICULATION – PHASE 1) PACKAGE 2A – CONSTRUCTION AND COMPLETION OF 1130 MLD LANGAT 2 WATER TREATMENT PLANT.
SALCON BERHAD
Type Announcement Subject OTHERS Description PROPOSED DEVELOPMENT OF LANGAT 2 WATER TREATMENT PLANT AND WATER RETICULATION SYSTEM IN SELANGOR DARUL EHSAN/WILAYAH PERSEKUTUAN KUALA LUMPUR (LANGAT 2 WTP AND WATER RETICULATION – PHASE 1)
PACKAGE 2A – CONSTRUCTION AND COMPLETION OF 1130 MLD LANGAT 2 WATER TREATMENT PLANT.
Salcon Berhad ("Salcon" or "the Company") is pleased to announce that SALCON MMCB AZSB JV SDN BHD, a jointly controlled entity of Salcon Engineering Berhad, a wholly-owned subsidiary of Salcon (36%), MMC Corporation Berhad (34%) and Ahmad Zaki Sdn Bhd (30%), a wholly-owned subsidiary of Ahmad Zaki Resources Berhad, had received the Letter of Acceptance dated 16 April 2014 issued by Pengurusan Aset Air Berhad for the following project:- Project Duration Contract Sum Date of Acceptance Proposed Development of Langat 2 Water Treatment Plant and Water Reticulation System in Selangor Darul Ehsan/Wilayah Persekutuan Kuala Lumpur (Langat 2 WTP and Water Reticulation - Phase 1)
Package 2A - Construction and Completion of 1130 MLD Langat 2 Water Treatment Plant.
Thirty-Six (36) months RM993,888,000.00 17 April 2014
(hereinafter referred as "the Project") The Project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending 31 December 2014, 31 December 2015, 31 December 2016 and 31 December 2017.
Salcon do 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.
then mah wait for dividend lo. expect ex date for dividend to be before May 16. If after 16th, then warrant holders converting to mother also gain. Management sure ken hentam kaw-kaw.
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....
sheep
3,850 posts
Posted by sheep > 2014-04-17 14:50 | Report Abuse
buy back at 0.80 and below.......