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, Vivocom Enterprise Sdn Bhd (“VESB”), had on 13 August 2018, received and accepted the Letter of Award (“LOA”) from CRCC Malaysia Berhad for the supply of labour, tools and equipment for the construction and completion of the reinforced concrete structure and structural steel works for 1 block of office tower on Lot 2508-2511, 4096 and 4099, Lebuhraya Persekutuan, Kuala Lumpur.
The contract amount for the said Project is RM12,597,267 (Ringgit Malaysia: Twelve Million Five Hundred Ninety Seven Thousand Two Hundred Sixty Seven). This project shall commence upon signing of the LOA and shall be completed by 31 May 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 13 Aug 2018.
|Company Name||VIVOCOM INTL HOLDINGS BERHAD|
|Date Announced||13 Aug 2018|
|Category||General Announcement for PLC|