BURSA ANNOUCEMENTS

Date : 18 April 2017

OTHERS VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") - LETTER OF AWARDS

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") - LETTER OF AWARDS

The Board of Directors of Vivocom Intl Holdings Berhad (“Vivocom” or “the Company”) is pleased to announce that its subsidiary company, Neata Aluminium (Malaysia) Sdn Bhd (“Neata) had :-

 

1. On 18 April 2017, received and accepted a Letter of Award (“LOA”) from PJD Construction Sdn Bhd for the design, fabrication, supply, delivery and installation of aluminium and glazing works for a hotel resort on Lot 105583, Jalan Kuantan- Kemaman, Mukim Sungai Karang, Kuantan, Pahang. The contract amount is RM6.01 million. This project shall be completed within twenty-two (22) months from the date of commencement of the main contract works.

 

2. On 18 April 2017, received and accepted a Letter of Award (“LOA”) from PJD Construction Sdn Bhd for the design, fabrication, supply, delivery and installation of aluminium and glazing works for 2 blocks of service apartment on No. PT 19247, Genting Permai, Mukim Bentong, Pahang. The contract amount is RM13.5 million. This project shall be completed within twenty-four (24) months from the date of commencement of the main contract works.

 

3. On 18 April 2017, received and accepted a Letter of Award (“LOA”) from Setiakon Builders Sdn Bhd for the design, fabrication, supply, delivery and installation of aluminium and glazing works for 4 blocks of 40 storey service apartment on Lot 212-213, Persiaran Tropicana, PJU 3, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan. The contract amount is RM25.2 million. This project shall be completed within twenty-four (24) months from the date of commencement of the main contract works.

 

(Collectively known as the "Projects”)

The Projects are expected to contribute positively to the earnings and net assets of Vivocom for the duration of the Projects.

 

The risks associated with the Projects are mainly operational risks and risk of delay in completion of the Projects. Notwithstanding this, the management of Vivocom will strive to ensure full compliance to the operational procedures in the execution of the requirements of the Projects.

 

The Projects are in the ordinary course of business and are not subject to approval of the shareholders of the Company or any other relevant government authorities in Malaysia.

 

None of the directors and/or major shareholders of Vivocom or persons connected to them have any interest, direct or indirect, in the above Projects.

 

This announcement is dated 18 April 2017.

 

 

 






Announcement Info

Company Name VIVOCOM INTL HOLDINGS BERHAD
Stock Name VIVOCOM
Date Announced 18 Apr 2017
Category General Announcement for PLC
Reference Number GA1-18042017-00060


Back