Lebtech bags RM29.53mil construction contract

KUALA LUMPUR: Lebtech Bhd's wholly owned subsidiary Lebtech Construction Sdn Bhd has secured an RM29.53mil construction contract from Brighton Land Sdn Bhd for a development in Section U13 in Shah Alam.

In a filing with Bursa Malaysia, the group said the duration of the contract is 20 months.

"The contract is expected to contribute positively to the earnings and net assets of the LB Group for the financial year ending 31 December 2023, 31 December 2024 and 31 December 2025," it said.

As at the lunch break, Lebtech's shares remained untraded. It was last traded on March 16 at 75 sen a share.