Bursa Alert
Global Market
NewsVivocom bags two projects worth RM37.8m
Page 1 of 1
Vivocom bags two projects worth RM37.8m
by Cals Fri 24 Jun 2016, 04:13
Vivocom bags two projects worth RM37.8m
By Sangeetha Amarthalingam / theedgemarkets.com | June 23, 2016 : 7:55 PM MYTKUALA LUMPUR (June 23): Vivocom International Holdings Bhd's subsidiaries have received letters of award with a cumulative amount of RM37.8 million for works in Sungai Buloh, Selangor, and Lorong Stonor, here.
In a filing with Bursa Malaysia today, Vivocom (formerly known as Instacom Group Bhd) said Kiara 5 Development Sdn Bhd appointed Vivocom Enterprise Sdn Bhd as its turnkey contractor for the construction of a 19-unit low-density apartment block in Kampung Ara, Sungai Buloh.
The provisional contract amount is RM25 million and the project would commence upon site possession with completion expected within 18 months.
Meanwhile, Vivocom said its unit Neata Aluminium (Malaysia) Sdn Bhd received and accepted a letter of award from Lim Hoo Seng Construction Sdn Bhd for the design, fabrication, supply, delivery and installation of aluminium and glazing works for a 41-storey serviced apartment on Lot 256, Section 63, Lorong Stonor.
"The contract amount is RM12.8 million. The project shall be completed within 35 months from the date of commencement of the main contract works on March 28, 2016," it said.
Both the projects are expected to contribute positively to the earnings and net assets of Vivocom for the duration of the projects, it added.
Vivocom closed unchanged at 24 sen for a market capitalisation of RM620.9 million.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Vivocom bags RM37.55m contracts for aluminium and glazing works
» Kimlun unit bags two projects worth RM325.5m
» Astral Supreme bags RM105m worth of Melaka housing projects
» Hot Stock Vivocom up on Selangor projects
» Vivocom bags RM46m construction job in Pahang
» Kimlun unit bags two projects worth RM325.5m
» Astral Supreme bags RM105m worth of Melaka housing projects
» Hot Stock Vivocom up on Selangor projects
» Vivocom bags RM46m construction job in Pahang
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum