LFE Corp Secures Related-Party Construction Contract
Construction and engineering company LFE Corp Bhd (KL:LFECORP) said on Wednesday that it has secured a related-party construction contract worth RM81.71 million.
The contract was awarded to its wholly owned unit, LFE Engineering Sdn Bhd, by Puncakcity Development Sdn Bhd, said LFE Corp in a bourse filing on Wednesday.
LFE Engineering has been appointed as the main contractor for main building works, the group said, without disclosing the project.
The appointment is for a period of 32 months.
LFE Corp said its executive chairman and substantial shareholder Chuah Chong Ewe is an interested party in the transaction.
A company check showed that Chuah, who controls a 14.38% stake in LFE Corp, is also a director of Puncakcity Development with a 70% stake in the company.
This is LFE Corp’s third contract from Puncakcity Development this year. In May, the group secured an RM8.27 million piling contract, following an RM10.97 million earthworks contract win in February.
Shares in LFE Corp closed half a sen or 1.82% higher at 28 sen, giving the group a market capitalisation of RM304.45 million.
$LFECORP / 7170 (LFE CORPORATION BERHAD)
https://cutt.ly/veDmeAZK
KUALA LUMPUR: LFE Corporation Bhd’s joint venture company with RYB Engineering Pte. Ltd has bagged a RM38.8 million job from Gamuda Engineering Sdn Bhd to build a single storey data centre in Gombak.
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MATERIAL LITIGATIONLFE CORPORATION BERHAD ("LFE" OR "THE COMPANY") - KUALA LUMPUR HIGH COURT CIVIL SUITE NO. WA-22NCvC-179-03/2024
PLAINTIFFS: LFE CORPORATION BERHAD AND LFE ENGINEERING SDN BHD
DEFENDANTS: SHAPADU BOULEVARD SDN BHD AND LIM THIAM LEONG REALTY SDN BHD
MATERIAL LITIGATIONLFE CORPORATION BERHAD ("LFE" OR "THE COMPANY") - KUALA LUMPUR HIGH COURT CIVIL SUITE NO. WA-22NCvC-179-03/2024
PLAINTIFFS: LFE CORPORATION BERHAD AND LFE ENGINEERING SDN BHD
DEFENDANTS: SHAPADU BOULEVARD SDN BHD AND LIM THIAM LEONG REALTY SDN BHD
OTHERSLFE CORPORATION BERHAD ("LFE" OR "THE COMPANY")
LETTER OF AWARDS TO LFE ENGINEERING SDN. BHD., THE WHOLLY-OWNED SUBSIDIARY OF LFE BY MLG DESIGN & CONSTRUCTION SDN BHD
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS (Amended Announcement)LFE CORPORATION BERHAD ("LFE" or "the Company")
LETTER OF AWARD TO LFE ENGINEERING SDN. BHD., THE WHOLLY-OWNED SUBSIDIARY OF LFE BY PUNCAKCITY DEVELOPMENT SDN. BHD.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSLFE CORPORATION BERHAD ("LFE" or "the Company")
LETTER OF AWARD TO LFE ENGINEERING SDN. BHD., THE WHOLLY-OWNED SUBSIDIARY OF LFE BY PUNCAKCITY DEVELOPMENT SDN. BHD.
MATERIAL LITIGATIONLFE CORPORATION BERHAD ("LFE" OR "THE COMPANY") - KUALA LUMPUR HIGH COURT CIVIL SUITE NO. WA-22NCvC-179-03/2024
PLAINTIFFS: LFE CORPORATION BERHAD AND LFE ENGINEERING SDN BHD
DEFENDANTS: SHAPADU BOULEVARD SDN BHD AND LIM THIAM LEONG REALTY SDN BHD
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENEWAL OF SHAREHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE.
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period
MATERIAL LITIGATIONLFE CORPORATION BERHAD ("LFE" OR "THE COMPANY") - KUALA LUMPUR HIGH COURT CIVIL SUITE NO. WA-22NCvC-179-03/2024
PLAINTIFFS: LFE CORPORATION BERHAD AND LFE ENGINEERING SDN BHD
DEFENDANTS: SHAPADU BOULEVARD SDN BHD AND LIM THIAM LEONG REALTY SDN BHD
OTHERSLFE CORPORATION BERHAD ("LFE" OR "COMPANY")
PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED SHAREHOLDERS' MANDATE")