LFE Corp gets 3 letters of award totalling RM97.8mil

KUALA LUMPUR: LFE Corp Bhd has secured three letters of awards totalling RM97.8mil from Circuitry Electrical Engineering Sdn Bhd for the construction of a factory in Seberang Perai, Penang.

In a filing with Bursa Malaysia, LFE Corp said the duration of the contracts will be for approximately 24 months, with the date of commencement and completion to be advised later.

“The contracts are expected to contribute positively to the earnings and net assets per share of LFE Group for the financial year ending Dec 31, 2023 and up to the expiry of the contracts,” it said.