Lincotrade and Associates Holdings has announced that its Malaysian subsidiary, Lincotrade & Associates (Malaysia), has secured its maiden commercial project in Johor, Malaysia.
Marking the first commercial project in Malaysia since the subsidiary’s establishment in August 2023, the group is set to provide sub-contract works to supply, deliver and install a fire-rated drywall system and gypsum board wall clad for an infrastructure development in Johor.
The sub-contract works has an initial contract value of approximately RM2.3 million ($0.69 million) that is targeted to be completed by the first quarter of 2025, which could be potentially increased to approximately RM12 million.
Tan Jit Meng, managing director of Lincotrade, says: “With Lincotrade’s strong capabilities in interior fitting-out services, we believe our team has the experience and expertise to complete the Sub-Contract Works of this infrastructure project on a timely basis.”
He adds: “Building on this momentum, we look forward to secure more overseas projects that complement the diversification of our business portfolio.”
Shares in Lincotrade closed flat at 9.8 cents on Sept 3.
