Wednesday, 21 March 2012

Lysaght gets subcontracts worth RM22.75m from YTL unit

KUALA LUMPUR (March 21): Lysaght Galvanized Steel Bhd’s wholly owned unit has been awarded four subcontracts by Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd to supply and install antenna poles.

It said on Wednesday that a subcontract agreement would be entered between Lysaght Marketing Sdn Bhd and Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd at a later date.

Lysaght said the estimated date of completion was within 177 days to 206 days from the date of commencement.

It said the Subcontracts were expected to contribute positively to the earnings and net assets of LGS group for the financial year ending 2012.

It said the subcontracts would be financed by internally generated funds.



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