Vivocom gains 4.17% on bagging RM195.23 mil condominium job in Perak

KUALA LUMPUR (June 14): Vivocom International Holdings Bhd rose 4.17% in early trade this morning after it bagged a RM195.23 million contract to construct condominium blocks under the 1Malaysia Civil Servants’ Housing Programme (PPA1M) in Perak.

At 9am, Vivocom gained 0.5 sen to 12.5 sen with 2.01 million shares traded.

The group said the contract from SBA Property Management Sdn Bhd is for the building of four blocks of 1,200 PPA1M condominium units in Manjung.

The project will commence upon site possession and completed within 42 months. — theedgemarkets.com

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