OTHERS NEW CONTRACT SECURED
MCE HOLDINGS BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | NEW CONTRACT SECURED |
1. INTRODUCTION MCE Holdings Berhad (“MCE”) is pleased to announce that its wholly owned subsidiary, Multi-Code Electronics Industries (M) Berhad, had secured contracts to supply various mechanical parts for PERODUA new car models. (hereinafter referred as the “Projects”). 2. SUMMARY OF THE PROJECTS The supply of these parts is expected to commence in the 2nd quarter of the financial year ending 31 July 2022 for a duration of 6 years. The Projects are expected to generate total revenue of approximately RM12 million for MCE Group over the 6 year period whilst the estimated total investment cost is RM1.48 million. 3. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTERESTS None of the Directors and/or substantial shareholders' of MCE or persons connected to them has any interests, direct or indirect, in the Projects. 4. FINANCIAL EFFECTS OF THE PROJECTS The Projects will not have any material impact on the earnings of the MCE Group for the financial year ending 31 July 2021. The Projects are expected to contribute positively to the earnings of the MCE Group over a 6 year period commencing from financial year ending 31 July 2022. 5. DIRECTORS' STATEMENT The Directors of MCE are of the opinion that the above is in the best interest of the MCE Group. This announcement is dated 11 December 2020.
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Announcement Info
Company Name | MCE HOLDINGS BERHAD |
Stock Name | MCEHLDG |
Date Announced | 11 Dec 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-11122020-00010 |