Vivocom shares up on new affordable housing job

PETALING JAYA: Vivocom Intl Holdings Bhd's share price rose 3.70% this morning, after it bagged a RM143 million affordable housing construction contract in Setapak, Kuala Lumpur yesterday.
At 11.12am, the stock which was among the top active counters, stood at 14 sen with 25.76 million shares changing hands. It has a market capitalisation of RM458.15 million.
Vivocom said its unit Vivocom Enterprise Sdn Bhd received the letter of award from Almaventures Development Sdn Bhd.
The group said the 36 months contract is expected to contribute positively to its earnings and net assets.