Vivocom wins jobs worth RM71.3 mil

KUALA LUMPUR (Jan 4): Vivocom Intl Holdings Bhd has won two contracts worth a combined RM71.3 million for construction works. In a filing with Bursa Malaysia yesterday, Vivocom said its subsidiary Vivocom Enterprise Sdn Bhd (VESB) has bagged a RM19.3 million contract from Oriental Mace Sdn Bhd to build a factory, warehouse and office buildings in Bandar Baru Enstek in Seremban, Negeri Sembilan. The project will be completed within 15 months from the date of commencement.

VESB also won a RM52 million contract from Udaran Sdn Bhd to construct a mixed development comprising two-storey terrace houses and commercial buildings in Marang, Terengganu. The project will be completed within 24 months from the date of commencement. Vivocom shares closed 3.12% lower at 15.5 sen yesterday, valuing it at RM501.3 million.

This article first appeared in The Edge Financial Daily, on Jan 4, 2017. Subscribe to The Edge Financial Daily here.