Share
- LFE said its wholly owned subsidiary LFE Engineering Sdn Bhd had accepted two letters of awards from MLG Design & Construction Sdn Bhd to be appointed as a subcontractor for the hotel project in George Town.
KUALA LUMPUR (May 15): Electrical and mechanical engineering group LFE Corp Bhd (KL:LFECORP) has bagged two contracts related to the construction of a 22-storey hotel in Penang worth a total of RM16.7 million.
In a filing with Bursa Malaysia on Wednesday, LFE said its wholly owned subsidiary LFE Engineering Sdn Bhd had accepted two letters of awards from MLG Design & Construction Sdn Bhd to be appointed as a subcontractor for the hotel project in George Town.
The first contract, worth RM7.6 million, entails the supply, installation and maintenance of the air-conditioning and mechanical ventilation system and building management system for the building.
The second contract, worth RM9.1 million, involves the supply, installation and maintenance of the electrical installation for the project.
The contract commenced on Oct 2, 2023, and is expected for completion on Nov 1, 2025.
Shares in LFE closed unchanged at 17.5 sen on Wednesday, with a market capitalisation of RM188.62 million.
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)!
TOP PICKS BY EDGEPROP
Kemuning Utama Commercial Centre
Shah Alam, Selangor
Anggerik Doritis @ Kota Kemuning
Shah Alam, Selangor
Bandar Botanic
Bandar Botanic/Bandar Bukit Tinggi, Selangor
Setia Damai
Setia Alam/Alam Nusantara, Selangor
The Hipster @ Taman Desa
Taman Desa, Kuala Lumpur
The Hills, Horizon Hills
Iskandar Puteri (Nusajaya), Johor
The Astaka @ 1 Bukit Senyum
Johor Bahru, Johor
Kempas Utama Industrial Park
Johor Bahru, Johor
Kawasan Perindustrian Tampoi
Johor Bahru, Johor
