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The Edge Market – LKL Bags RM6m Contract To Deliver Beds, Equipment To Hospital

KUALA LUMPUR (Aug 1): LKL International Bhd has bagged a RM6.19 million contract to supply beds and medical equipment for a hospital to be constructed in Rawang.

The healthcare furniture and equipment manufacturer said the contract was awarded to its subsidiary, LKL Advance Metaltech Sdn Bhd, by Selgate Rawang Hospital Sdn Bhd.

“The contract shall commence after completion of the construction of the private medical hospital, which is expected to be in the fourth quarter of 2019,” LKL said in a filing with Bursa Malaysia.

“The contract will not have any effect on the net assets and gearing of the company for the financial year ending April 30, 2019, and is expected to contribute positively to the earnings of the company over the duration of the contract,” it added.

LKL’s share price closed one sen or 6.9% lower at 13.5 sen, with 230,100 shares traded, for a market capitalisation of RM57.89 million.

August 1, 2018

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