SALCON

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS 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

SALCON BERHAD

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.

 

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Announcement Info

Company Name SALCON BERHAD
Stock Name SALCON
Date Announced 07 Dec 2020
Category General Announcement for PLC
Reference Number GA1-07122020-00052