JHM enters MoU for aerospace product supply chain

As the value of the company is tied to the performance of the company, it is in the interest of the warring shareholders to argue and fight outside the company.

KUALA LUMPUR: JHM Consolidation Bhd has entered a memorandum of understanding with Universal Alloy Corp Europe (UACE) to create an efficient and effective supply chain for machined sub-assembled aerospace components and products.

According to a filing with the stock exchange, UACE will outsource metal machining and sub-assembling of aerospace products to JHM as well as provide technical and manufacturing capabilities insertion programmes.

The MoU expires two years from March 26, 2019, with an option to extend for one year.

"This MOU shall have no immediate material effects on the earnings, net assets and gearing of the Company for the financial year ending 31 December 2019. 

"Should the agreement materialise, it is expected to contribute positively to the future earnings of the Company," said JHM
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