- The contract, slated to be completed within 36 months, is not expected to have any effect on the group's issued share capital and substantial shareholders’ shareholdings, said Vizione.
KUALA LUMPUR (Dec 7): Vizione Holdings Bhd has secured a RM490 million contract as a turnkey contractor to build three blocks of apartments in the Kota Kinabalu district in Sabah.
In a bourse filing on Thursday, the group said its wholly-owned subsidiary, Bina Permai Sdn Bhd, was awarded the project — located at Jalan Sepangar Menggatal — by Hardie Development Sdn Bhd.
The contract, slated to be completed within 36 months, is not expected to have any effect on the group's issued share capital and substantial shareholders’ shareholdings, said Vizione.
“The (contract) is expected to contribute positively to the future earnings of the company,” it added.
Shares in Vizione closed 0.5 sen or 11.11% higher at five sen, giving the group a market capitalisation of RM92.15 million. Year to date, the stock has fallen 16.67%.
Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!
TOP PICKS BY EDGEPROP
Bandar Mahkota Banting (Brooklands)
Banting, Selangor
Halya @ Daunan Worldwide
Bandar Puncak Alam, Selangor
The Banyan @ Bandar Seri Coalfields
Sungai Buloh, Selangor
Ixora Residences @ Bandar Seri Coalfields
Sungai Buloh, Selangor
The Duranta @ Bandar Seri Coalfields
Sungai Buloh, Selangor
Graham Garden @ Eco Grandeur
Bandar Puncak Alam, Selangor
Iris @ Bandar Hillpark
Bandar Puncak Alam, Selangor