OTHERS VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") - LETTER OF AWARD
|VIVOCOM INTL HOLDINGS BERHAD|
VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") - LETTER OF AWARD
The Board of Directors of Vivocom Intl Holdings Berhad (“Vivocom” or the "Company”) is pleased to announce that its subsidiary company, Neata Aluminium (M) Sdn Bhd (“Neata”), had on 5 February 2018, received and accepted the Letter of Award (“LOA”) from China Construction Third Engineering Group (M) Sdn Bhd for aluminium and glazing works at Lot 10372 & 10373, Pulau Melaka, Daerah Melaka Tengah, Melaka. (the "Project")
The contract amount for the said Project is RM27,572,785 (Ringgit Malaysia: Twenty Seven Million Five Hundred Seventy Two Thousand Seven Hundred and Eighty Five Only). This project shall commence upon signing of the LOA and shall be completed by September 2019.
The Project is expected to contribute positively to the earnings and net assets of Vivocom for the duration of the Project.
The risks associated with the Project are mainly operational risks and risk of delay in completion of the Project. Notwithstanding this, the management of Vivocom will strive to ensure full compliance to the operational procedures in the execution of the requirements of the Project.
The Project is in the ordinary course of business and is not subject to the 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 Project.
This announcement is dated 5 February 2018.
|Company Name||VIVOCOM INTL HOLDINGS BERHAD|
|Date Announced||05 Feb 2018|
|Category||General Announcement for PLC|