Instacom Group Bhd”s unit bags RM116.4 million construction contract

Instacom Group Bhd''s unit bags RM116.4 million construction contract

KUALA LUMPUR, Dec 7– Instacom Group Bhd’s unit, Vivocom Enterprise Sdn Bhd has bagged a RM116.4 million construction contract from CRCC Malaysia Bhd.

“(The contract is) for the provision of construction works for a gated community housing scheme consisting of semi-detached units, villa mansions, apartment block and housing units under the Rumah Selangorku scheme, in Bandar Ulu Klang, Gombak, Selangor,” said Instacom in a filing to Bursa Malaysia today.

The project, which was expected to contribute positively to Instacom’s earnings and net assets, was in addition to the contracts in hand of Neata Aluminium (M) Sdn Bhd and Vivocom, amounting to RM351.75 million and RM230.29 million respectively.