Judul : Vivocom terminates RM240.42m contract from Coneff
link : Vivocom terminates RM240.42m contract from Coneff
Vivocom terminates RM240.42m contract from Coneff
KUALA LUMPUR (June 9): Vivocom International Holdings Bhd said today it has terminated a RM240.42 million contract awarded to it by Coneff Corp Sdn Bhd due to non-fulfilments of certain contractual obligations.
In a filing with Bursa Malaysia today, Vivocom said its board of directors was of the opinion that the non-fulfilment of the contractual obligations had made it difficult for its subsidiary Vivocom Enterprise Sdn Bhd (VESB) to complete the project and hence, it was in the best interest of the group to terminate the contract.
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