Selangor Mentri Besar Datuk Seri Azmin Ali has been urged to retract his statement about the Housing and Local Government (KPKT) trespassed the Lembah Subang 1 People’s Housing Programme (PPR) (Isu yang dibangkitkan ialah YAB MB Selangor memaklumkan bahawa KPKT telah menceroboh PPR Lembah Subang 1. AIMAN ARIFUDDIN / The Star)
KUALA LUMPUR: Vizione Holdings Bhd
’s unit Vizione Construction Sdn Bhd (VCSB) will build a 410-unit flat under the People’s Housing Project (PPR) in Lahad Datu, Sabah, for RM63.7mil.
The construction and property development firm said its unit Vizione Construction Sdn Bhd (VCSB) had received a subcontract from Permata Rebana Sdn Bhd to undertake main building and associated works for the project in Mukim Sapagaya.
Vizione (formerly Astral Supreme Bhd) said construction was expected to begin this quarter and be completed in 26 months.
“As a relatively new player in the construction sector, the award provides an opportunity for the group to enhance its credentials in the construction segment and open up new opportunities in the state of Sabah,” said the Kuala Lumpur-based company.
The source of funding would be through proceeds from a rights issue and internally generated funds, it added.
Last month Vizione announced that it had raised gross proceeds of about RM58.29mil from its rights issue with free attached warrants, which would be used for construction projects.
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