Local listed company Multi-Code Electronics Industries (MCE) has secured a five-year contract worth RM240 million from Proton, which has immediately boosted MCE’s shares up by 23.81%, The Edge Markets reports. In summary, the contract underlines that MCE will be the primary supplier of electronic parts to the local automaker for a period of five years.
In its filing to Bursa Malaysia, Multi-Code details that it will supply Proton vehicles with anti-theft systems, parking sensors, power regulator systems, function switches and ignition key set systems from the start of the second and third quarters of this financial year, ending July 31, 2016. The initial investment outlay for the projects from Proton is estimated at RM1.55 million.
Headquartered in Johor, MCE commenced operations in the year 1990, with the manufacturing and supply of automotive alarm systems, central locking and power window regulators. Today, the company specialises in the design, manufacture and supply of automotive electronics and mechatronic parts for both Malaysia and other regional markets, its website states.
On another note, MCE reported an audited net loss of RM1.07 million against a revenue of RM90.03 million in the financial year of 2015. Additionally, the company announced that in its latest quarterly results ending October 31, 2015, that it made a net profit of RM143,000 compared to a net loss of RM1.84 million in the previous year. It courted higher revenue of RM22.41 million, up 10.23% compared to before.
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Again… is it just me
Or this smells like another one of those dumno crony dealings??
This is sadly what GLCs are doing nowadays sucking the country dry and all ministers at the top runaway to the bank laughing.
Some says Proton not with Government anymore… but unfortunately cronies runs this country more then 30 years and goes on ! Best example can run away from corrup”donation” !!!
Good luck to the new proton owner! Malaysia is the only place in the world people need to pay for junk.
Yes you’re absolutely right. We should just surrender it out to foreigner like EDRA’s case and that will extremely satisfying to most Malysian..sigh..
Chairman-Shamsudin @ Samad Bin Kassim (Independent Non-Executive Director);Managing Director-Lim Ming Kee (Non-Independent Executive Director);Executive Director-Goh Kar Chun (Non-Independent Executive Director);Directors- Chai Lai Koon (Independent Non-Executive Director);Tai Lam Shin (Senior Independent Non-Executive Director);Loo Shen Chang (Independent Non-Executive Director)
Thanks to Tun M, he knows how to get the gravy train flowing for his own sake.
And he’s a hero for bashing Najib. Malaysians mudah lupa.
Power window ?
Multi-Code Electronics Industries (MCE) must be related to one of our government cronies.
MCE ni bkn GLC pon…..
cuma manager je wayang lebih..
Multi-Code has been supplying to proton for long time. they are already tier 1. however as far as I know they had lots of problem with DRB over tail lights of Preve and other items,. I believe this contract is givnen to them by Tun M.
Look like proton power window failure will happen for the next 5 years. Jaguh kampung boleh.
MCE dekat kawasan Pandan(Johor) nearby Smart Pandan…
Selalu wayang kalau proton datang audit kilang…blanje makan la,ajak makan angin lah….sama gak kalau perodua datang…..
Biasa la tu bang.. Bolehland punya style. Client bising2 malam bawak rumah urut, esok terus hilang bising.
Kat negeri China dan India tak macam tu. Subcon akan cuba sedaya upaya betulkan dan membaiki proses dan kualiti produk. Di negara-negara sana tidak ada rumah urut atau manusia yang makan duit. Semua baik baik belaka. Tak macam ‘Bolehland’. Saya nak berhijah ke negara China. Aman damai, macam syurga di dunia agaknya.
Betul jugak.. Asalkan takde nasi lemak pipu hidup akan aman damai.
diaorang bwk pergi ke Permas Jaya…
goyang2 dengan perempuan vietnam
MCE ni xde kaitan GLC pon…Engineer manager dia ex-tru-tech people..Siswandi the name Jawa peranakan…
MCE ni bkn GLC pon…..
cuma manager je wayang lebih…
At least finally they made a thin profit.
Can somebody educate us on the history/background of MCE?
Capable or not, as long as local manufacturer, bashers will still bash. Dun care about history one.
Bro Jimmy,u can google urself la bro….
Can C M’sian currency will drop 1 SGD to 4 Rm comimg soon …Cronies continues dry up national reserve
Can C RBAs IQ becum negative, cuz DAP no more modal to tembak
Looks like you don’t understand the mechanism behind the ringgit’s depreciation? Thanks to DAP, the rakyat are becoming stupider regarding economics, technology and science.
thanks to the shitty education system and biased mass media we are all becoming stupider. oh wait , education system and mass media is control by DAP or umno ?
http://www.multicode.com.my/customer.php
Dun bluffing too much, see urself
Also go take a look at the Directors and shareholders
http://www.bursamalaysia.com/market/listed-companies/company-announcements/subscribe/7004/option2#/?category=AA
http://www.bursamalaysia.com/market/listed-companies/company-announcements/subscribe/7004/option2#/?category=AR
Any cronies in the list?
Shall we vroom?
Another one of Tun’s cronies taking money.
Not Bad, Got many award from car manufacturers… Suppliers electronic part for Honda, Perodua, Proton, Ford, and Toyota.
MCE (Multi Corruption Experts)
The sales of proton dwindling and this MCE company share up 23% due to the contract from Proton? What the buyer/investor thinking of??