LSH Capital Set To Benefit From More Infrastructure Projects, PPP Initiatives

KUALA LUMPUR, Oct 8 (Bernama) -- Malaysia’s construction industry is expected to benefit from greater infrastructure development over the next three years, particularly through highway projects and public-private partnership (PPP) initiatives, said Lim Seong Hai Capital Bhd (LSH Capital).

Chairman Tan Sri Lim Keng Cheng said highway infrastructure projects could generate spillover benefits across industries, including services, consultancy, architecture, engineering and food and beverage. 

“The development of infrastructure, including highways and high-rise buildings, could also support traffic dispersal and urban development.

“At the same time, at the end of the concession, we will make good assets and pass them back to the government,” he said after the group transfer listing ceremony from ACE Market to the Main Market of Bursa Malaysia here today.

At 9 am, LSH Capital opened higher at RM1.78 on its Main Market debut, reflecting a three sen premium from its Wednesday’s close of RM1.75.

The transfer to the Main Market comes a year and a half after LSH transferred to the ACE Market from the LEAP Market in March 2025. The company was listed on the LEAP Market in July 2021.

Also present was Deputy Prime Minister Datuk Seri Fadillah Yusof, who is also Energy Transition and Water Transformation Minister.

On the development of Kuala Lumpur Tower (KL Tower) Square, he said the company had submitted the development order to Kuala Lumpur City Hall (DBKL) for approval.

He said construction is expected to begin in the first half of 2027, with RM70 million allocated for the project, which aims to attract more tourists to Kuala Lumpur.

-- BERNAMA