LFE Corp up 2.27% on bagging RM19m structural works contract

KUALA LUMPUR (Dec 11): Shares in LFE Corp Bhd rose 2.27% at mid-morning today after the group won a RM19.1 million contract to undertake structural works for the carpark and podium of a service apartment in Damansara.

At 10.51am, LFE gained 0.5 sen to 22.5 sen, for a market capitalisation of RM45.99 million.

In a filing with Bursa Malaysia, LFE said its wholly-owned subsidiary LFE Engineering Sdn Bhd has accepted the letter of award from Shiangly Athens Park Sdn Bhd.

LFE said the nine-month contract is estimated to be completed by June 15, 2020.

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