MCE secures RM10.2m worth of contracts to supply mechanical parts for Perodua cars

TheEdge Mon, Mar 08, 2021 07:22pm - 3 years View Original


KUALA LUMPUR (March 8): MCE Holdings Bhd’s wholly-owned Multi-Code Electronics Industries (M) Bhd has secured contracts worth RM10.2 million to supply various mechanical parts for new Perodua car models, the group said in a filing exchange today.

The supply of these parts is expected to commence in the first quarter of the financial year ending July 31, 2022, for a duration of six years. The estimated total investment cost to undertake the contracts is RM0.51 million.

According to the group’s website, MCE is primarily involved in the manufacturing and supply of car alarm systems, central locking and power window regulators.

It is also an Original Equipment Manufacturer (OEM) specialising in the full spectrum of design, manufacture and supply of automotive electronics and mechatronics parts for the Malaysian and regional markets.

Shares of MCE Holdings traded eight sen or 5.06% lower to RM1.50 today, valuing the company at RM73 million. 

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

MCEHLDG 1.620

Comments

Login to comment.