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Quick take: Vizione shares up on RM801mil contracts thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
The construction engineering group said the contracts were awarded to its wholly-owned subsidiary Vizione Builder Sdn Bhd. They included a RM405 million design and build contract, which includes detailed structural infrastructure, mechanical and electrical as well as construction works in Puchong, from Esplanade Parkcity Sdn Bhd. The duration to complete the project is 40 months, Vizione said in a filing with Bursa Malaysia. It said the second contract worth RM350 million was awarded by Greenwood Development Sdn Bhd for foundation and substructure work and main building work in Pekan Klebang, Melaka, to be completed in 31 months. The third contract worth RM46 million is for the construction of 1,107 single-storey terrace houses in Batu Gajah, Perak from LCL M&E Engineering Sdn Bhd, with a duration of 42 months. ....
KUALA LUMPUR (Jan 14): Jiankun International Bhd has proposed to undertake a private placement of up to 20% of the total number of issued shares in the company to raise an indicative maximum amount of RM23.03 million, which will partly fund the group’s planned land acquisition in Melaka and development costs of the tract. In a Bursa Malaysia filing today, Jiankun said the development of the leasehold land at Pekan Klebang within Central Melaka District (Daerah Melaka Tengah) is expected to contribute positively to the earnings of the group. Based on the master development order dated 3 June 2015 issued by the Melaka Historic City Council to the vendor, the land was approved for the development of a hotel and service apartments. However, the said development order has lapsed on 2 June 2016. ....