LKL shares up 15% in active trade

KUALA LUMPUR (March 26): LKL International Bhd shares rose as much as 15% to 22.5 sen in the morning trades today after the group said it is supplying personal protective equipment (PPE) to public hospitals in Sarawak for RM6.57 million.

At the opening bell, LKL’s share price traded 1.5 sen or 7.5% higher at 21.5 sen, and continued to rally to 22.5 sen, up 15% or three sen at 9.45am. The counter saw some 19.5 million shares traded, making it the sixth-most actively traded counter in the local bourse today.

Yesterday, LKL said its subsidiary, LKL Advance Metaltech Sdn Bhd, was awarded the contract by the Sarawak State Government via a letter dated March 24.

LKL managing director Lim Kon Lian said the group has also received more enquiries and purchase orders for critical-care medical items such as hospital beds, patient monitors, ventilators, PPE, heat detectors, probe covers and portable ultrasound units.