Vivocom secures RM195.2mil deal to build PPA1M units in Perak


KUALA LUMPUR: Vivocom Intl Holdings Bhd’s subsidiary Vivocom Enterprise Sdn Bhd (VESB) has bagged a RM195.23mil contract to build four condominium blocks under the 1Malaysia Civil Servants’ Housing Programme (PPA1M) in Manjung, Perak.

Vivocom told Bursa Malaysia that VESB received on Tuesday the letter of award for the project, comprising 1,200 condominium units located on 5.02ha, from SBA Property Management Sdn Bhd.

It said the project would be completed within 42 months from the date of site possession.

“The project is expected to contribute positively to the earnings and net assets of Vivocom for its duration,” it added.

The latest announcement is a welcome piece of news after recent announcements of the termination of a RM240.2mil contract and a halt in its works on the Gateway Klang project.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

US says Vietnam's currency actions 'unreasonable' but holds off on tariffs
Top Glove reports Covid-19 outbreak at four factories
AmBank provides 6-month moratorium for flood victims
Principal Asset launches Next-G connectivity fund
CPO futures to trend lower on profit taking next week
WhatsApp to delay launch of update business features
US National Rifle Association files for bankruptcy
Oil drops over 2% on China lockdowns, U.S. stimulus concerns
Dollar finishes week stronger as US data hurts risk appetite
GLOBAL MARKETS-Data, lockdowns weigh on stocks

Stories You'll Enjoy