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


  • Business
  • Tuesday, 13 Jun 2017

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.
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