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Leform Bags US$1.95m Cambodian Highway Guardrail Contract

The Malaysian Reserve ·  Dec 2, 2023 12:34

Leform Bhd, a steel products manufacturer, has secured a supply contract worth USD 1.95 million from Nim Meng Group Co Ltd in Cambodia.

The contract, executed by Leform Metal Sdn Bhd, a subsidiary owned 85% by Leform, involves supplying highway guardrail products for the National Road No 5 Improvement Project.

The project aims to enhance transportation capacity and logistics efficiency in Cambodia, with work expected to start in August 2024 and conclude by December 2024.

Leform sees this contract as a significant step in expanding its regional business footprint and gaining a larger market share in the steel industry.

Leform's shares increased by 1 sen or 3.51% today, concluding at 29.5 sen each and achieving a market capitalisation of RM437 million.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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