Lebtech Unit Faces Lawsuit Over Outstanding Payment; Shares Fall 29%

MT Newswires Live

2025/03/10

Lebtech (KLSE:LEBTECH) unit Lebtech Construction has been sued by Kenwise over an outstanding payment claim of 123,775.6 ringgit.

The claim pertains to work on a 14-story office building project in Perak, Malaysia, according to a Friday Malaysian bourse filing.

The construction company said the dispute will not have any material impact on its financial performance for 2025.

Lebtech shares plunged over 29% in mid-afternoon trade Monday.

Price (MYR): $0.55, Change: $-0.23, Percent Change: -29.49%

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