Saturday 13 Apr 2024
By
main news image

KUALA LUMPUR (Nov 24): Steel products manufacturer and trader Leform Bhd has bagged a supply contract from Cambodia-based contractor Nim Meng Group Co Ltd worth US$1.95 million (RM9.15 million).

In a filing with Bursa Malaysia on Friday, Leform said its 85%-owned subsidiary Leform Metal Sdn Bhd has accepted and executed a contract with Nim Meng Group for the supply of highway guardrail products for the National Road No 5 Improvement Project, Package 4 in Cambodia.

Leform said the contract is expected to commence from August 2024 and to be completed by December 2024.

"The project is aimed to increase the transportation capacity as well as to improve the logistics efficiency in the section between Thlea Ma’am and Battambang and Sri Sophorn-Poipet along the National Road No 5 which connects Phnom Penh Capital and the Thai border, by improving the conditions of existing road and constructing the new bypass in Pursat," Leform said in a separate statement.

Leform managing director Law Kok Thye said the contract represents a step forward in the company's goal to expand its business footprint regionally as well as to capture a larger market share in the steel industry.

"We are confident of delivering products that meet our customers’ quality specifications. As such, we hope to win more of such projects over the near and middle term by leveraging on our expertise which would contribute to build a stronger track record for the group in the industry," he added.

Shares of Leform went up by one sen or 3.51% on Friday to close at 29.5 sen apiece with a market capitalisation of RM437 million.

Edited ByIsabelle Francis
      Print
      Text Size
      Share