Latest news with #ChuahChongEwe
The Star
30-06-2025
- Business
- The Star
LFE Corp secures four construction jobs totalling more than RM70mil
PETALING JAYA: LFE Corp Bhd has secured four contracts, two each from Puncak Concept Sdn Bhd and SD Ara Damansara Development Sdn Bhd for construction jobs totalling more than RM70mil. In a filing with Bursa Malaysia, LFE Corp said it had secured a RM4.82mil and RM3.07mil contract from Puncak Concept in relation to the supply and delivery of the material for the execution and completion of earthworks and retaining walls for the proposed development in Cyberjaya. 'The contract period shall be nine months commencing from June 30, 2025 and the completion date shall be March 29, 2026. Additionally, the company also won contracts worth RM32.46mil and RM30.49mil from SD Ara Damansara Development for construction works for a proposed development in Ara Damansara, Selangor. 'The contract period shall be 21 months commencing from June 30, 2025 and the completion date shall be March 29, 2027.' The company said that Chuah Chong Ewe, the executive chairman and substantial shareholder of LFE Corp, is also a director and shareholder at Puncak Concept and SD Ara Damansara Development.
New Straits Times
30-06-2025
- Business
- New Straits Times
LFE Corp secures contracts worth RM70.84mil for Cyberjaya, Ara Damansaras projects
KUALA LUMPUR: LFE Corporation Bhd has secured four contracts worth a total of RM70.84 million for construction and material supply works in Cyberjaya and Ara Damansara. In filings with Bursa Malaysia, the construction and engineering company said its wholly-owned subsidiaries, LFE Engineering Sdn Bhd and LFE Innovative Sdn Bhd, accepted letters of award from Puncak Concept Sdn Bhd and SD Ara Damansara Development Sdn Bhd today. "The contracts are expected to contribute positively to the group's earnings and net assets per share for the financial year ending Dec 31, 2025 and up to the expiry of the contracts," LFE said. The awards are considered recurrent related party transactions (RRPT) as LFE's executive chairman and substantial shareholder, Chuah Chong Ewe, is also a director and shareholder of Puncak Concept and SD Ara Damansara Development. RRPT refer to business deals between a company and companies linked to its directors or major shareholders, as part of its normal operations. The contracts cover earthworks, precast concrete piles and retaining wall works for a proposed development at Lot 115104, Cyberjaya, valued at RM7.89 million, with a contract period of nine months until March 2026. For the Ara Damansara project at Oasis Ara, the contracts cover design and build works for underpinning, structural strengthening, as well as demolition and reconstruction of ramps, valued at RM62.95 million, with a contract period of 21 months until March 2027.
