VS Industry unit mulls RM1bil MTN


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.

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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