Short selling of VS Industry suspended again, extending losses

In its filing to the stock exchange, the group said its Malaysia segment posted a 13.2% increase in revenue in the current quarter, mainly due to higher sales orders from key MNC customers, which offset the decline in revenue from a major US customer.

KUALA LUMPUR: The short-selling activities of VS Industry was suspended again early Tuesday after its share price fell more than the 15% or 15 sen limit.

Its share price fell to a low of 65 sen, down 17 sen from the previous day’s close of 82 sen, as it continued to come under severe selling pressure from the previous day after its earnings warning.

At 9.33am, share price of the integrated electronics manufacturing services provider was down 11.5 sen to 70.5 sen with 66.95 million shares done.