JHM to invest RM25mil in expansion

GEORGE TOWN: Ace Market-listed electronic component manufacturer JHM Consolidation Bhd is investing RM25mil in an expansion project later this year to support an automotive lighting deal that will generate US$50mil per annum starting next year.

Group executive chairman and managing director Datuk Tan King Seng said after a shareholders’ meeting that JHM would supply signature lighting lamps for the rear end of branded cars of a North American customer.