Vizione bags RM750mil construction contract

KUALA LUMPUR: Vizione Holdings Bhd’s wholly-owned subsidiary, Vizione Builder Sdn Bhd has secured a RM750mil contract from Fields Of Forest Sdn Bhd.

In a filing with Bursa Malaysia, Vizione said the contract is for construction works for Phase 2 and 3 of a mixed development in Gombak, Selangor.

It said Phase 2 of the project includes a few blocks of serviced apartments, shoplots and a parking complex, while Phase 3 comprises serviced apartments and shoplots.

Vizione said the accepted provisional contract sum is RM750mil and comprises Phase 2 at RM375mil and Phase 3 at RM375mil.

“The contract is expected to contribute positively to the future earnings of the company,” it added.