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ERC20:VS Industry unit mulls RM1bil MTN

ERC20:VS Industry unit mulls RM1bil MTN

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The electronics manufacturing services provider, in a filing with Bursa Malaysia, said the proceeds raised will be used for working capital requirements, capital expenditure (capex), investments and/or general corporate purposes of VS Industry. (File pic shows VS Industry plant in Senai)

PETALING JAYA: VS Industry Bhd’s wholly-owned subsidiary, VS Capital Management Sdn Bhd (VSCM), has proposed to issue Islamic Medium-Term Notes (MTN) of up to RM1bil, which will be guaranteed by VS Industry.

The electronics manufacturing services provider, in a filing with Bursa Malaysia, said the proceeds raised will be used for working capital requirements, capital expenditure (capex), investments and/or general corporate purposes of VS Industry.

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Funding for the working capital requirements will be set aside for manufacturing, assembly and sale of electronic and electrical products as well as plastic moulded components and parts.


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