JHM subsidiary bags RM300mil Proton supply contract

KUALA LUMPUR: JHM Consolidation Bhd's 52%-owned subsidiary JHM Dekai Auto Lighting Sdn Bhd has secured a contract for the supply of parts for specific car models to Perusahaan Otomobil Nasional Sdn Bhd (Proton).

It said in stock exchange filing the contract, with an estimated value of RM300mil, is expected to commence in the late third quarter of the financial year ending Dec 31, 2025, for a period of five years.

"The contract is expected to contribute to the earnings of JHM Group over a period of five years commencing from the financial year ending 2025," it said.