LFE Corp secures related-party construction contract
This is LFE Corp’s third contract from Puncakcity Development this year.
This is LFE Corp’s third contract from Puncakcity Development this year.
Kerjaya’s construction division is primarily involved in the building of high-rise residential and commercial buildings for premium developer clients in Malaysia.
Combined with the main design and build contract, the overall project value will be RM15.
“This translates to an additional financial burden of an estimated not less than RM110 million per month for the construction industry.
Analysts covering construction stocks are neutral to positive on Budget 2025, taking into account the slight decline in net development expenditure, absence of new megaprojects, and lack of details for key projects such as the third phase of the Klang Valley Mass Rapid Transit (MRT3).
Exsim Hospitality also said the contract will begin from Oct 18, subject to further confirmation by the main contractor.
The second contract, valued at RM246.
The contract is to build a single-story data centre block with an attached office and utility rooms.
This latest award brings the total number of contracts secured by Econpile this year to eight, with a cumulative value of RM344.
The sale of the stake in PLB Green Solar Sdn Bhd — held through PLB's 85.