News about vizione

Vizione said that the termination of the contract is not expected to have any material impact on the company’s earnings or net assets in the near term.

After the proposed capital reduction, Vizione is expected to narrow its accumulated losses to RM20.

Quarterly revenue fell 21.

Symphony Life's wholly owned unit Symphony Life Capital subscribed to the entire 143 million shares offered under Vizione’s private placement for RM12.

Vizione Builder had, on Oct 8, served a default notice to Inspirasi Langkawi on Oct 8 over the partial or non-payment of its works, and warned that it would suspend work or quit the job if the outstanding sum was not settled.

Vizione said JL-Edison allegedly failed to adhere to the mutually amended terms of the consultancy agreement, prompting Zenith Urban Development to take legal action to recover the balance of the purchase price from the final buyer.

The integrated construction engineering outfit will undertake the main contract works for Phase 2 and 3 of the development under the contract it received from property developer Fields Of Forest Sdn Bhd (FOFSB).

In a bourse filing, Vizione said the project comprises two 15-storey blocks and three 18-storey blocks.

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.

Vizione said the latest quarterly loss was mainly caused by the impairment of financial assets amounting to RM47.