LFE Corp wins RM34.5m contracts to provide electrical services

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KUALA LUMPUR (Dec 5): LFE Corp Bhd has secured four contracts with a combined value of RM34.5 million to provide electrical, fire protection, and hydraulic services for a service apartment project in Damansara, Selangor.

In its filing with Bursa Malaysia today LFE said the contract tenure spans 26 months from Sept 23, 2019 to Nov 22, 2021.

LFE said the electrical air-conditioning, mechanical and ventilation (ACMV) services portion is worth RM2.99 million, while the fire protection services are worth RM5.8 million, hydraulic services are worth RM8.47 million, and the electrical high tension (HT), low voltage (LV) and extra low voltage (ELV) services are worth RM17.25 million.

LFE’s share price gained 0.5 sen or 2.86% to 18 sen today, giving it a market capitalisation of RM36.79 million.