KUALA LUMPUR (April 18): Vivocom International Holdings Bhd says it has secured three contract wins with a combined value of RM44.71 million, for the installation of aluminium and glazing works.
In a filing today, the company said two of the contracts were awarded by PJD Construction Sdn Bhd, comprising a RM6.01 million contract for design, fabrication, supply, delivery and installation of aluminium and glazing works for a hotel, and another RM13.5 million deal for two blocks of serviced apartments.
Both projects are located in Pahang.
Another contract — worth RM25.2 million — was awarded by Setiakon Builders Sdn Bhd for aluminium and glazing works for four 40-storey serviced apartment blocks in Damansara, Selangor.
Vivocom said it expects to complete the works for the hotel within 22 months from the date of commencement of the contract, while the two other jobs are expected to be completed within 24 months.
"The projects are expected to contribute positively to the earnings and net assets of Vivocom for the duration of the projects," it added.
Vivocom shares closed unchanged at 15.5 sen today, giving it a market capitalisation of RM501.3 million.
