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Vivocom s CEO speaks out over market fears

Vivocom’s CEO speaks out over market fears PETALING JAYA: Vivocom International Holdings Bhd CEO Datuk Seri Chia Kok Teong ( pix) reiterated that he remains upbeat over the group’s prospects and assures investors of its long term investment to allay concerns stemming from market rumours that have placed some selling pressure on the counter. Chia pointed out the group has made several corporate announcements that should provide more confidence to the public as he charts the course forward with the board of directors and management team. These include a one-for-three bonus warrant issue, a RM3.79 billion sand contract as well as a 10% private placement exercise.

Vivocom secures RM3 8b sand supply contract

Vivocom secures RM3.8b sand supply contract The Edge 26/2/2021 Justin Lim © Provided by The Edge KUALA LUMPUR (Feb 26): Vivocom Intl Holdings Bhd today announced a US$934.7 million (RM3.79 billion) sand contract awarded by the joint-venture contractor undertaking the main reclamation works for the Hong Kong International Airport Three Runway System project. In a statement, the group said the three-year contract was clinched by V Development Group which will soon merge with Vivocom via its 97%-owned subsidiary Rain International Sdn Bhd. Under the contract, Rain International is responsible for supplying sand to Zhen Hua Engineering Co Ltd-China Communications Construction Co Ltd-CCC Dredging (Group) Co Ltd (ZHEC-CCCC-CDC) joint venture.

Vivocom s Group Game Changer – Multi-Billion Sand Project Secured

Aspires to be a major industry player ‘with exponential growth prospects’ KUALA LUMPUR, MALAYSIA – Media OutReach – 26 February 2021 – In a filing to Bursa Malaysia this evening, Vivocom Intl Holdings Berhad (‘Vivocom’) announced that V Development Group via one of its subsidiaries has secured a ‘massive win’ worth approximately USD934.7 million or the equivalent of RM3.79 billion. Rain International Sdn Bhd (‘Rain International’) is a 97% owned subsidiary under the V Development Group which was recently merged into the Vivocom Group. The Company’s proposed acquisition of V Development Group had been recently approved by the relevant authorities. Rain International is principally involved in the mineral trading and exportation business, supplying sand to its client mainly in Hong Kong and China for reclamation and construction works.  The Company had recently signed a contract for the supply of marine sand for

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