KUALA LUMPUR, LFE Corp Bhd (KL) executive chairman and largest shareholder Chuah Chong Ewe has further strengthened his position in the construction and mechanical and electrical (M&E) services company, raising his total shareholding to 30.895%.
According to the group’s filing on Tuesday, Chuah’s stake rose following the inclusion of Sierra Bonus Sdn Bhd’s 7.096% interest — amounting to 82.6 million shares — under his deemed indirect interest. The recognition of this additional block underscores Chuah’s expanding control and confidence in the company’s long-term prospects.
This latest increase follows his recent move just a week earlier, when Chuah acquired an additional 50 million shares, equivalent to a 4.295% stake, in his personal capacity. Following both transactions, Chuah now holds a direct interest of 13.839% and an indirect interest of 17.056%, through several investment vehicles and his son, Chuah Chern Yang.
Apart from Chuah, LFE Corp’s other key shareholders include Ng Kok Kheng, who holds a 7.53% stake, and managing director Liew Kiam Woon, who owns 7.32%.
Shares in LFE Corp closed half a sen or 2.86% higher at 18 sen on Tuesday, giving the group a market capitalisation of RM203.71 million. The stock has seen active trading in recent weeks, coinciding with Chuah’s share accumulation and renewed investor attention on the company’s restructuring and growth initiatives.
