Vizione revokes agreement for RM38 mil acquisition of property firm from MD
The integrated construction engineering player said the parties mutually agreed to revoke their share sale agreement (SSA) by entering into a deed of revocation.
The integrated construction engineering player said the parties mutually agreed to revoke their share sale agreement (SSA) by entering into a deed of revocation.
The property development segment saw its turnover fall to RM1 million from RM6.
Vizione said the proposed acquisition represents an opportunity for the group to expand its property development segment by gaining access to the development rights held by Midlands City on the development land, which consists of three parcels of freehold land in Semenyih, Selangor, with a total size measuring 79,360 sq m.
KUALA LUMPUR (April 21): Integrated construction engineering group Vizione Holdings Bhd, in a joint venture with Permata Rebana Sdn Bhd, has bagged an RM654 million project from Pertubuhan Keselamatan Sosial (Perkeso) to build Phase 1 of the latter’s national robotics and cybernetics rehabilitation centre in Bandar Meru Raya, Perak.
KUALA LUMPUR (March 18): Construction and property development firm Vizione Holdings Bhd and China's Hubei Wuqiao Geotechnical Engineering Co Ltd (HWGE) plan to explore building materials trading and dealership opportunities in Malaysia.
KUALA LUMPUR (Sept 23): Vizione Holdings Bhd has entered into a development agreement to develop 2,500 affordable apartment units “Residensi Prihatin” with related infrastructure in Putrajaya.
KUALA LUMPUR (March 11): Vizione Holdings Bhd has secured three construction contracts with a cumulative value of RM801 million which it said "considerably enhances" its outstanding order book.
KUALA LUMPUR (March 10): Full-fledged integration construction engineering group Vizione Holdings Bhd has inked a memorandum of collaboration with Negeri Sembilan government agency NS Corp for the development of Malaysia Vision Valley 2.
KUALA LUMPUR (Sept 12): Vizione Holdings is not worried about an “oversupply” in the glove making segment even as numerous “new players” enter “a highly saturated and competitive” market.
KUALA LUMPUR (May 28): Vizione Holdings Bhd has bagged a RM96.