corporate

LFE Corp JV co bags RM39m data centre sub-contract work 

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.

RYB Engineering and LFE Engineering Sdn Bhd, a subsidiary of LFE, had on Oct 16, 2024 accepted the letter of award dated Oct 4, 2024 from Gamuda Engineering Sdn Bhd, as the subcontractor for a period of twelve months.

Work will run from Oct 4, 2024 until Oct 18, 2025.

The data centre job is for Sime Darby Property.

LFE Corp's share price was down 2 per cent to 23.5 sen, giving it a market capitalisation of RM260.5 million.

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