PETALING JAYA: Lim Seong Hai Capital Bhd
(LSH Capital) has entered into a strategic collaboration and secured a provisional subcontract for a road upgrading project in Kuantan, Pahang, marking a step in its ongoing construction activities.
In a bourse filing, the group said its wholly owned subsidiary, LSH BEST Builders Sdn Bhd, signed a collaboration agreement with Knusford Construction Sdn Bhd for works under the Projek Menaiktaraf Jalan FR03.
The project involves upgrading a stretch from the Jabor–Jerangau junction to the Sungai Ular junction, including an interchange linking to Kuantan Port.
LSH BEST Builders will provide construction-related solutions under its BEST Collaboration Framework and may participate in tenders for various work packages.
The company will also receive a fee equivalent to 0.8% of the value of the remaining project works.
In addition, the subsidiary has accepted a provisional subcontract award of up to RM30mil, with works scheduled from April 2026 to November 2027.
LSH Capital said the arrangements are part of its ordinary business and are expected to contribute positively to earnings for the financial year ending September 2026 onwards.
