not vested
Vivocom thanks Bursa Malaysia, expresses profound appreciation to shareholders
https://www.bursamalaysia.com/market_in ... id=3128515
Source: Taiwan News
https://www.taiwannews.com.tw/en/news/4127986
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Vivocom
4 posts
• Page 1 of 1
Re: Vivocom
by winston » Mon Mar 01, 2021 9:13 am
not vested
Vivocom secures RM3.8b sand supply contract
by Justin Lim
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.
Rain International is principally involved in the mineral trading and exportation business, supplying sand to its clients mainly in Hong Kong and mainland China for reclamation and construction works.
"As the appointed agent for the ZHEC-CCCC-CDC joint venture, we are looking forward to the exportation of sand from Malaysia to our client in Hong Kong to commence without any further delay," said Rain International director William Chan Ching-Kee.
The sand would be procured from an approved permit holder to export sand overseas, and sourced from concession areas in Sandakan and Sungai Beluran in Sabah and throughout Malaysia, he said.
"While the contract starts with a three-year period, we are confident that the contract can easily be increased to five years and beyond, with higher tonnage shipped every six months. This could potentially generate revenue of up to RM6 billion to the company," said Chia.
Source: The Edge
https://www.theedgemarkets.com/article/ ... y-contract
Vivocom secures RM3.8b sand supply contract
by Justin Lim
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.
Rain International is principally involved in the mineral trading and exportation business, supplying sand to its clients mainly in Hong Kong and mainland China for reclamation and construction works.
"As the appointed agent for the ZHEC-CCCC-CDC joint venture, we are looking forward to the exportation of sand from Malaysia to our client in Hong Kong to commence without any further delay," said Rain International director William Chan Ching-Kee.
The sand would be procured from an approved permit holder to export sand overseas, and sourced from concession areas in Sandakan and Sungai Beluran in Sabah and throughout Malaysia, he said.
"While the contract starts with a three-year period, we are confident that the contract can easily be increased to five years and beyond, with higher tonnage shipped every six months. This could potentially generate revenue of up to RM6 billion to the company," said Chia.
Source: The Edge
https://www.theedgemarkets.com/article/ ... y-contract
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Vivocom
by winston » Thu Mar 04, 2021 7:59 am
not vested
Vivocom to raise up to RM99.37m via private placement, proposes one-for-three bonus warrants
by Syafiqah Salim
KUALA LUMPUR (March 3): Vivocom Intl Holdings Bhd has proposed a private placement to raise gross proceeds of up to approximately RM99.37 million, paired with one-for-three bonus warrants.
In a filing with Bursa Malaysia, the group said the placement size represents 10% of its total issued shares, and will be offered to third party investors to be identified later.
It said the placement shares may be issued based on a discount of up to 10% to the five-day volume-weighted average market price (VWAP) of Vivocom Intl shares immediately preceding the price-fixing date.
“For illustrative purpose only, the indicative issue price of the placement shares is assumed at 98 sen per placement share, which represents a discount of approximately 9.12% to the five-day VWAP of Vivocom shares up to and including the LPD [latest practicable date] of RM1.0784 per share,” said the company.
Of this amount, up to RM98.06 million will be allocated for the group’s working capital for ongoing and upcoming new projects while the balance of up to RM1.3 million will be used to defray the estimated expenses of the proposed private placement.
These projects include a 45-storey apartment building block comprising 900 units, car park bays, and other common facilities, which is being developed by V Development Sdn Bhd.
Vivocom Intl has proposed to acquire a 45% stake in the property developer for RM170 million, which will be satisfied through a combination of cash and the issuance of shares.
Vivocom Intl’s 78.6%-owned subsidiary Vicocom Enterprise Sdn Bhd is the main contractor of the project.
Meanwhile, the proposed bonus warrants will entail the issuance of up to 371.77 million free warrants in the company on the basis of one warrant for every three existing Vivocom Intl shares held on an entitlement date to be announced later.
“For illustration purposes, assuming that all Warrants F are exercised at the exercise price of 95 sen per Warrant F, the company will raise gross proceeds of up to approximately RM353.18 million,” said Vivocom Intl.
The group said the proposed acquisition of V Development will enable Vivocom Intl to access land banks and to undertake the ongoing and future development projects of the V Development group of companies throughout the development tenure and sustain their earnings in the future.
“Additionally, the group is also able to leverage on the potential integration synergy derived from the proposed acquisition whereby the development projects may rely on the group's in-house construction, and aluminium design and fabrication capabilities to carry out the development projects.
Barring any unforeseen circumstances, the proposals are expected to be completed by the third quarter of calendar year 2021.
Source: The Edge
https://www.theedgemarkets.com/article/ ... s-warrants
Vivocom to raise up to RM99.37m via private placement, proposes one-for-three bonus warrants
by Syafiqah Salim
KUALA LUMPUR (March 3): Vivocom Intl Holdings Bhd has proposed a private placement to raise gross proceeds of up to approximately RM99.37 million, paired with one-for-three bonus warrants.
In a filing with Bursa Malaysia, the group said the placement size represents 10% of its total issued shares, and will be offered to third party investors to be identified later.
It said the placement shares may be issued based on a discount of up to 10% to the five-day volume-weighted average market price (VWAP) of Vivocom Intl shares immediately preceding the price-fixing date.
“For illustrative purpose only, the indicative issue price of the placement shares is assumed at 98 sen per placement share, which represents a discount of approximately 9.12% to the five-day VWAP of Vivocom shares up to and including the LPD [latest practicable date] of RM1.0784 per share,” said the company.
Of this amount, up to RM98.06 million will be allocated for the group’s working capital for ongoing and upcoming new projects while the balance of up to RM1.3 million will be used to defray the estimated expenses of the proposed private placement.
These projects include a 45-storey apartment building block comprising 900 units, car park bays, and other common facilities, which is being developed by V Development Sdn Bhd.
Vivocom Intl has proposed to acquire a 45% stake in the property developer for RM170 million, which will be satisfied through a combination of cash and the issuance of shares.
Vivocom Intl’s 78.6%-owned subsidiary Vicocom Enterprise Sdn Bhd is the main contractor of the project.
Meanwhile, the proposed bonus warrants will entail the issuance of up to 371.77 million free warrants in the company on the basis of one warrant for every three existing Vivocom Intl shares held on an entitlement date to be announced later.
“For illustration purposes, assuming that all Warrants F are exercised at the exercise price of 95 sen per Warrant F, the company will raise gross proceeds of up to approximately RM353.18 million,” said Vivocom Intl.
The group said the proposed acquisition of V Development will enable Vivocom Intl to access land banks and to undertake the ongoing and future development projects of the V Development group of companies throughout the development tenure and sustain their earnings in the future.
“Additionally, the group is also able to leverage on the potential integration synergy derived from the proposed acquisition whereby the development projects may rely on the group's in-house construction, and aluminium design and fabrication capabilities to carry out the development projects.
Barring any unforeseen circumstances, the proposals are expected to be completed by the third quarter of calendar year 2021.
Source: The Edge
https://www.theedgemarkets.com/article/ ... s-warrants
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Vivocom
by winston » Thu Jul 01, 2021 4:23 pm
vested
Vivocom inks HOA, proposes RM1.45b investment by Strattner Group
by Ahmad Naqib Idris
KUALA LUMPUR (July 1): Vivocom Intl Holdings Bhd has entered into a heads of agreement (HOA) with Strattner Alternative Credit Fund LP for the latter to invest up to US$350 million (about RM1.45 billion) for subscription to the former’s shares.
Strattner Alternative Credit Fund is part of US-listed Strattner Group Corp, which is involved in alternative investments.
In a filing with the bourse, Vivocom, which is involved in construction, aluminium fabrication and engineering services, said the HOA entails that Strattner will be purchasing up to US$350 million, or in aggregate not more than 9% of the issued share capital of the company, from time to time over a period of 18 months from the date of signing the definitive agreement.
If such issuance of shares could cause a delisting, it said the maximum common share issuance shall first be approved by its shareholders.
The group said the execution of the HOA is not subject to the approval of its shareholders, although the proposed issuance of subscription shares in Vivocom are subject to approvals from Bursa Securities, Vivocom’s board and shareholders, as well as any other relevant authorities.
It is noted that the total proposed investment far exceeds Vivocom’s market capitalisation of RM466.82 million.
For the third quarter ended March 31, 2021 (3QFY21), Vivocom posted a net profit of RM655,000, along with RM21.89 billion in revenue, which was attributed to contributions from its construction segment.
Source: The Edge
https://www.theedgemarkets.com/article/ ... tner-group
Vivocom inks HOA, proposes RM1.45b investment by Strattner Group
by Ahmad Naqib Idris
KUALA LUMPUR (July 1): Vivocom Intl Holdings Bhd has entered into a heads of agreement (HOA) with Strattner Alternative Credit Fund LP for the latter to invest up to US$350 million (about RM1.45 billion) for subscription to the former’s shares.
Strattner Alternative Credit Fund is part of US-listed Strattner Group Corp, which is involved in alternative investments.
In a filing with the bourse, Vivocom, which is involved in construction, aluminium fabrication and engineering services, said the HOA entails that Strattner will be purchasing up to US$350 million, or in aggregate not more than 9% of the issued share capital of the company, from time to time over a period of 18 months from the date of signing the definitive agreement.
If such issuance of shares could cause a delisting, it said the maximum common share issuance shall first be approved by its shareholders.
The group said the execution of the HOA is not subject to the approval of its shareholders, although the proposed issuance of subscription shares in Vivocom are subject to approvals from Bursa Securities, Vivocom’s board and shareholders, as well as any other relevant authorities.
It is noted that the total proposed investment far exceeds Vivocom’s market capitalisation of RM466.82 million.
For the third quarter ended March 31, 2021 (3QFY21), Vivocom posted a net profit of RM655,000, along with RM21.89 billion in revenue, which was attributed to contributions from its construction segment.
Source: The Edge
https://www.theedgemarkets.com/article/ ... tner-group
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118906
- Joined: Wed May 07, 2008 9:28 am
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