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Vizione unit bags RM116 mil hotel construction job in Langkawi

KUALA LUMPUR (Aug 30): Vizione Holdings Bhd’s wholly-owned unit Vizione Builder Sdn Bhd (VBSB) has bagged an RM116.05 million contract from Inspirasi Langkawi Sdn Bhd (ILSB) for the main building works of a four-star hotel in  Langkawi.

Vizione said VBSB accepted a letter of award from ILSB today to undertake the proposed construction of the 14-level hotel building, comprising 238 units of hotel rooms, six serviced apartments, five office units, and three shop units. 

“The completion period shall be 24 months, inclusive of all necessary testing and commissioning of mechanical and engineering (M&E) services,” the integrated construction engineering group said in a filing with Bursa Malaysia today.

According to Vizione, the contract would further enlarge the group’s order book and is expected to provide a steady stream of revenue for the group over the next three financial years. 

The awarded contract is also not expected to have any major material effects on the company’s net assets and gearing for the financial year ending Nov 30, 2021, it said. 

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