Vizione Holdings positive on outlook, backed by RM3bil orderbook KUALA LUMPUR: Full-fledged integrated construction engineering company Vizione Holdings Bhd is upbeat on its outlook, backed by its healthy order book and the economic recovery.
Managing director Datuk Ng Aun Hooi said the economic recovery is gaining momentum as the nation progresses towards endemicity, which is good news for the company and the construction sector.
In tandem, Ng said the company also sees signs that more jobs are being awarded. "The company has recently, in April 2022, secured a sizeable RM654.0 million contract for Pertubuhan Keselamatan Sosial (Perkeso) National Robotics and Cybernetics Rehabilitation Center in Perak.
This QR loss because low realized revenue, perhaps delay in closing account. But Qtr3 should be profitable because if you refer to QR2 report, trade +other receivable more than RM280M if you deduct trade + other payable, which means more revenues will be realized in Qtr3. Collect more.
PROPOSED ACQUISITION On behalf of the Board of Directors of the Company (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that on 24 August 2022, the Company had entered into a conditional share sale agreement with Dato’ Ng Aun Hooi, Ting Hing Khok and Ng Kok Kiang for the proposed acquisition of the entire equity interest in Midlands City Sdn Bhd for a purchase consideration of RM38.0 million (“Proposed Acquisition”).
Further details of the Proposed Acquisition are set out in the attachment below. This announcement is dated 24 August 2022
VIZIONE HOLDINGS BERHAD ("VIZIONE" OR THE "COMPANY") THE HIGH COURT OF MALAYA AT KUALA LUMPUR IN WILAYAH PERSEKUTUAN KUALA LUMPUR
COMPANIES ("WINDING UP") PETITION WITH NO: WA-28NCC-774-09/2022 FILED BY CEDY THIRD CONTRACTING AND TRADING (M) SDN. BHD. ("PETITIONER") AGAINST VIZIONE CONSTRUCTION SDN. BHD. ("RESPONDENT") The Board of Directors of Vizione wishes to announce that its wholly owned subsidiary, Vizione Construction Sdn. Bhd., had on 22 September 2022 received a Winding Up Petition dated 19 September 2022 and Affidavit Verifying Petition affirmed on 21 September 2022 from Ravindran, the Solicitors who act on behalf of Cedy Third Contracting And Trading (M) Sdn. Bhd. [Registration No. 201701029187 (1243356-K)] ("CEDY") to demand for an amount RM1,350,000.00 due owing to CEDY.
Please refer to the attachment for further details.
This announcement is dated 23 September 2022.
========= Possibly money flowing out again. When company funds run low, directors might raise more fund via shares issuance to PP, ESOS, RI
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