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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 subsidiaries, Multi-Code Electronics Industries (M) Berhad had secured an overseas contract to supply various electronic and mechatronics parts for new electric motorcycle model

(hereinafter referred as the “Project”).

2. SUMMARY OF THE PROJECT

The supply of these parts is expected to commence in the 2nd quarter of the financial year ending 31 July 2023 for a duration of 3 years. The Project is expected to generate total revenue of approximately RM18.81 million for MCE Group over the 3 year period.

3. DIRECTORS' AND/OR SUBSTANTIAL SHAREHOLDERS' INTERESTS

None of the directors and/or substantial shareholders and persons connected to such directors and/or substantial shareholders of MCE have any interest, direct or indirect, in the Project.

4. FINANCIAL EFFECTS OF THE PROJECT

The Project is expected to contribute positively to the earnings of the MCE Group over a 3 year period commencing from financial year ending 31 July 2023.

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 19 September 2022.






Announcement Info

Company Name MCE HOLDINGS BERHAD
Stock Name MCEHLDG
Date Announced 19 Sep 2022
Category General Announcement for PLC
Reference Number GA1-15092022-00026




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