VIZIONE BAGS RM378M ROADWORK-RELATED PROJECT IN SABAH

KUALA LUMPUR (Jan 1): Vizione Holdings Bhd has bagged a RM377.6 million contract from Permata Rebana Sdn Bhd to supply materials, labour and project management services relating to road works in Kota Kinabalu, Sabah.

In a filing with Bursa Malaysia yesterday, Vizione said its wholly-owned subsidiary Wira Syukur (M) Sdn Bhd has accepted a letter of award from Permata Rebana for the project.

“The duration of the contract is 24 months subject to any extension of time granted under the construction contract to be entered into at a later stage,” it added.
Vizione said the roadwork-related project will further add to its track record.

It further enlarges the group’s order book and is expected to provide a steady stream of revenue over the next two financial years, it added.

Vizione shares closed up 0.5 sen or 0.59% at 85.5 sen yesterday, with 804,600 shares done, bringing a market capitalisation of RM477.77 million.

— theedgemarkets.com