Latest news with #LFECorporationBhd
New Straits Times
5 days ago
- 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.
New Straits Times
06-05-2025
- Business
- New Straits Times
LFE Corp unit wins RM51mil electrical works contract from Gamuda
KUALA LUMPUR: LFE Corporation Bhd's subsidiary, LFE Engineering Sdn Bhd, through its joint venture company R&L Engineering Sdn Bhd, has secured a RM50.58 million subcontract from Gamuda Engineering Sdn Bhd. In a filing with Bursa Malaysia, LFE said the contract was awarded for electrical fit-out works at a hyperscale data centre in Elmina Business Park 1A, Selangor. The contract, under "Electrical Package 4", includes the construction, completion, testing and commissioning of electrical systems in facility support areas and data centre halls. This involves low voltage (LV) busducts, LV panels, LV submain cables, lighting control panels, lighting on integrated server racks and other associated works. "The contract will commence on July 1, 2025, and is scheduled for completion on June 10, 2026," the group said. LFE expects the contract to contribute positively to the earnings and net assets per share of the group for the financial year ending Dec 31, 2025 and up to the expiry of the contract.
