Voir’s unit gets RM24.6 mil subcon deal for PPR project

KUALA LUMPUR (Sept 27): Voir Holdings Bhd’s wholly-owned subsidiary Million Twilight Sdn Bhd has accepted a subcontract (subcon) offer to complete 1,000 units of apartments in Kota Baru for RM24.62 million.

The project is under Program Perumahan Rakyat and the contract is slated to start from Oct 1 and to be completed by Sept 30 next year.

The offer was from Wira Syukur (M) Sdn Bhd, said Voir in its bourse filing yesterday.

It said the job is expected to contribute positively towards its earnings and net tangible assets during the subcon's period.

Fashion retailer Voir in March received an unconditional takeover offer from Vista Lestari Development Sdn Bhd, a company controlled by Datuk Zarul Ahmad Mohd Zulkifli which is involved in construction and property development.

Zarul now controls some 50.71% of Voir via his interest in Vista Lestari.

Voir shares were not traded yesterday. They last settled at 66 sen on Sept 21, valuing the company at RM87.12 million.

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This article first appeared in The Edge Financial Daily, on Sept 27, 2016. Subscribe to The Edge Financial Daily here.