JHM Consolidation Bhd has entered right into a memorandum of understanding (MoU) with Jiangsu Dekai Auto Elements Co Ltd (Dekai) to ascertain a three way partnership between the 2 firms for designing, manufacturing, advertising, and promoting automotive lighting merchandise in Malaysia and different Southeast Asian international locations.
DEKAI is a Chinese language producer of automotive lighting merchandise.
The three way partnership entity will likely be named JHM Dekai Auto Lighting Sdn Bhd.
JHM will maintain 55% of the shareholding, whereas Dekai will maintain 45%.
The MOU has no specified contract worth and isn’t anticipated to considerably influence JHM’s financials for 2023. – TMR