Tuesday, December 27, 2011

Ingress Corp up on landing Proton contract

KUALA LUMPUR (Dec 27): INGRESS CORPORATION BHD [] shares advanced on Tuesday after it ''received a letter of acceptance from Perusahaan Otomobil Nasional Sdn Bhd (Proton) with a total value of RM84.8 million over a period of five years to supply parts for new Proton models.

At 9.35am, Ingress was up 3.5 sen to 78 sen with 109,400 shares traded.

The company said on Friday its 90%-owned subsidiary Ingress Precision Sdn Bhd had been contracted to supply door sash.

Meanwhile, its wholly owned unit Ingress Engineering Sdn Bhd (IESB) would supply roof drip moulding and beltline moulding, it said.


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