Vivocom International Holdings Bhd CEO Datuk Seri Chia Kok Teong reiterated that he remains upbeat over the group’s prospects and assures investors of its long term investment to allay concerns stemming from market rumours that have placed some selling pressure on the counter.
“This sand contract is as real and genuine a business contract as it can be. Do not compare this to past deals which had failed to materialise,” said Chia in a statement, noting that the market for sand export is huge and it is expected to fuel the group’s growth in the next several years. He expects the personal moratorium will ensure the counter’s long-term price stability and sustainability.
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