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 Business

Vizione secures RM63.70 million sub-contract works in Sabah

18th March, 2017

KUALA LUMPUR: Vizione Holdings Bhd has secured RM63.70 million sub-contract works for Program Perumahan Rakyat project at Mukim Sapagaya, Lahad Datu, Sabah.

In a filing to Bursa Malaysia on Friday, Vizione said, the project was secured via its wholly-owned unit, Vizione Construction Sdn Bhd, from Permata Rebana Sdn Bhd.

“As a relatively new player in the construction sector, the award provides an opportunity for the group to enhance its credentials in the construction segment and open up new opportunities in Sabah,” it said.

Vizione said it intended to source the funding of the award through proceeds from rights issue and internally-generated funds. –Bernama

   
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