KUALA LUMPUR (Aug 1): LFE Corp Bhd’s unit has accepted three letters of award worth a combined sum of RM97.84 million, as the subcontractor for the works related to the completion of a factory in Penang.

In a bourse filing, LFE Corp said its wholly owned LFE Engineering Sdn Bhd accepted the awards from Circuitry Electrical Engineering Sdn Bhd.

All three contracts will take up to 24 months to be completed, LFE Corp said.

The first contract, worth RM40.29 million, involves the supply, delivery, installation, testing, commissioning and maintenance of air conditioning and mechanical ventilation.

The second contract involves the supply, delivery, installation, testing, commissioning and maintenance of electrical and extra low voltage installation for RM47.55 million.

The third contract, valued at RM10 million, is for the supply, delivery, installation, testing, commissioning and maintenance of electric fire protection services.

LFE Corp’s shares price closed up 0.5 sen or 3.45% to 15 sen, giving the group a market capitalisation of RM166 million.