KUALA LUMPUR (July 12): MCE Holdings Bhd rose 5.18% in thin trade at mid-morning today, after securing a second contract from Proton Holdings Bhd this year to supply various electronics components and mechatronic parts for new car models over a nine-year period.

At 10.43am, MCE rose 3.5 sen to 71 sen with 17,700 shares done.

Without disclosing the value of the contract, MCE said in a stock exchange filing that the contract will generate a total revenue of RM105 million, while the estimated total investment cost to be incurred will be at RM800,000.

MCE said the contract will commence in the fourth quarter of financial year ending July 31, 2019 (FY19).