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Author: Joseph   |   Latest post: Sun, 28 Feb 2021, 12:49 PM


Vivocom March Super Bull Run !!!

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Vivocom March Super Bull Run !!!

Superb Liquidity 

Multi-billion projects

Self-imposed moratorium, dividend paying and main board transfer 

In the Bursa announcement made by the company today (https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3133746), the company has revealed that it has won a USD934.7 million (RM3.79 billion) contract to supply marine sand to China Communication Construction Company for the reclaimation works of Hong Kong International Airport Three Runway System. 


RISB will be procuring the marine sand from Malayan Energistik Solutions Sdn Bhd (“MESSB”) vide an extraction and supply agreement signed between MESSB and V-Development Group. MESSB is an approved permit holder for sand export to overseas from sand concession site areas located in Sandakan, Sabah and Sungai Beluran, Sabah for a period of 3 years. The said approval was obtained by MESSB on 7 October 2019 from the Chief Minister of Department of Sabah.


All information posted is extracted from the press statements made by the company as well as the aforementioned Bursa announcement. 


All information here is strictly for information sharing purposes only. 

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