Vivocom March SuperBull Run !!!
In the Bursa announcement made by the company today (https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3133746), the company revealed that it has won a contract worth USD934.7 million (RM3.79 billion) to supply marine sand to China Communication Construction Company for the reclaimation works of Hong Kong International Airport Three Runway System Project.
RISB will be procuring the marine sand from Malayan Energistik Solutions Sdn Bhd (“MESSB”) vide an extraction and supply agreement signed between MESSB and V-Development Group. MESSB is an approved permit holder for sand export to overseas from sand concession site areas located in Sandakan, Sabah and Sungai Beluran, Sabah for a period of 3 years. The said approval was obtained by MESSB on 7 October 2019 from the Chief Minister of Department of Sabah.