• In a bourse filing, Vizione said the project comprises two 15-storey blocks and three 18-storey blocks.

KUALA LUMPUR (May 29): Vizione Holdings Bhd (KL:VIZIONE) has bagged a RM250 million contract to construct apartments in Semenyih, Selangor, in a related-party transaction.

In a bourse filing, Vizione said the project comprises two 15-storey blocks and three 18-storey blocks.

The group said its unit Vizione Builder Sdn Bhd accepted the letter award from a real estate company, Midlands City Sdn Bhd.

Vizione managing director Datuk Ng Aun Hooi is the largest shareholder of Midlands City, with a 62% stake. The other shareholders in Midlands City are Ting Hing Khok (10%) and Ng Kok Kiang (28%).

Shares in Vizione closed down half a sen to four sen, giving the group a market capitalisation of RM82 million. Year to date, the stock has fallen 33%.

Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!

SHARE
SPONSORED CONTENT
The truth about GRR: Why you should run away from buying that “promised income” property

Developments in strong, in-demand areas, like near universities, offices, tourist attractions, or transport hubs, can attract tenants naturally, and earn stable rental income without any guarantees.

read more
RELATED POSTS
  1. Sunway REIT declares record high DPU for FY2025 as net property income rises 15.5%
  2. Rental scam victims disappointed with inaction by authorities
  3. Axis REIT flags potential equity fundraising if gearing breaches 40% amid asset expansion