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Bullish has been supplying components to Jientek Technology for 5 years, obtaining a contract worth 0.3 billion.
Jientek Technology $JHM (0127.MY)$ Through its subsidiary, Jientek Technology has been awarded a contract for vehicle parts supply from Bulテ$?ng, valued at approximately 0.3 billion Ringgit.
Jientek Technology today reported to the Malaysian Exchange that, through its 52% ownership of JHM Dekai Autolamp (M) Sdn Bhd, it has secured the above-mentioned contract to provide components for specific vehicles of Bulテ$?ng for a period of 5 years.
Although the press release did not mention the value of the contract, Jie An Technology estimated that the value generated by the contract over a 5-year period would be approximately 0.3 billion Ringgit.
According to the press release, this supply contract will begin in the third quarter of the 2025 fiscal year and boost the company's profit performance over the next 5 years.
Believed to be driven by this bullish news, Jie An Technology's stock price has already risen by 11.1% or 4.5 cents by midday, reaching 45 cents.
Source: Nanyang Siang Pau
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