Vizione secures three contracts worth RM801mil

KUALA LUMPUR (Bernama) -- Vizione Holdings Bhd's wholly-owned subsidiary, Vizione Builder Sdn Bhd, has secured three construction contracts with a cumulative value of RM801 million.

In a statement today, the integrated construction engineering company said the first contract was secured from Esplanade Parkcity Sdn Bhd for design and building works in Puchong, Selangor.

The RM405 million construction contract is for 40 months.

The second contract was secured from Greenwood Development Sdn Bhd for foundation and sub-structure works and main building works in Pekan Klebang, Melaka.

The contract is worth RM350 million with a duration of 31 months.

The third contract, valued at RM46 million, was from LCL M&E Engineering Sdn Bhd for the construction and completion of 1,107 units of single-storey terrace houses and other amenities in Batu Gajah, Perak.

The contract commences from the date of site possession with a duration of 42 months to complete.

Project I and II of the housing project were secured on March 9, 2021, while Project III was secured on Feb 23, 2021.

Managing director Datuk Ng Aun Hooi said the three projects are expected to contribute positively to Vizione’s earnings in the coming years.

"Additionally, we are also acquiring new technical expertise and partnering with companies that have deep experience and successful track record in infrastructure projects.

"Having sailed past the unprecedented headwinds over the past year, we are looking forward to a revitalised 2021," he added.
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