VS Industry Beehad shareholders have approved the bonus issue of uo to 395.7 million free new warrants on the basis of 1 warrant for 10 existing VS shares at the extraordinary general meeting ("EGM") held today. The Warrants shall have a tenure of two years.
Speaking after the conclusion of its EGM, Managing Director of VS, Datuk S.Y. Gan said,"VS appreciates our shareholders' continued support hence, this Proposed Bonus Issue of Warrants is an alternative way to reward them, in addition to our regular dividends. Issued at no cost to our shareholders, the Proposed Bonus Issue of Warrants gives them the opportunity to increase their equity participation in the Group by exercising them at a pre-determined price over the tenure of the Warrants."
"Moving forward, we are embarking on a new growth chapter. The progressive uptrend in orders from our customers is expected to continue. Additionally, our value chain enhancement initiatives are gaining healthy traction, which strengthens our capabilities as a vertically integrated EMS provider and enhances our profit margins."
"Meanwhile, the Group's venture into the Philippines to expand our operations has been charting good progress. Just last week, we secured new orders with an aggregate value of RM1.5 billion over the next 2 financial years. VS is confident on this front, which is supported by our asset-light strategy. We target to commence mass production by the first quarter of 2025. Overall, it is exciting times ahead for VS and we are upbeat on the prospects," Datuk S.Y. Gan further added.
Last week, the Group's wholly owned subsidiary, VS Industry Philippines, Inc. ("VSIP"), has secured new orders from a key customer ("Customer") to manufacture selected consumer electronics products on box-build assembly basis, that is, provision of end-to-end processes from production to assembly, testing, packaging, labelling and logistics arrangement.
The expected revenue contribution from the Customer based on the recurring nature of the orders is RM0.3 billion for the financial year ending 31 July 2025 ("FY25") and RM1.2 billion for the financial year ending 31 July 2026 ("FY26"). This is derived from anticipated sales volume and pricing, bringing the aggregate expected revenue over the next 2 financial years to be RM1.5 billion.
The Proposed Bonus Issue of Warrants is expected to be completed by 3rd quarter of 2024 barring any unforeseen circumstances and subject to receipt of all required approvals.
VS Industry Beehad股東在今天舉行的特別股東大會("EGM")上批准以10股現有VS股份獲發1份認股權證爲基礎,紅利發行3.957億份免費新認股權證。認股權證的有效期爲兩年。
VS董事總經理Datuk S.Y. Gan在股東大會結束後發表講話時說:「VS感謝股東的持續支持,因此,除了定期分紅外,本次擬議的認股權證紅利發行是獎勵他們的另一種方式。擬議的認股權證免費向我們的股東發行,使他們有機會在認股權證有效期內以預先確定的價格行使認股權證,從而增加其在集團的股權參與度。」
「展望未來,我們正在開啓新的增長篇章。客戶訂單的逐步上升趨勢預計將繼續。此外,我們的價值鏈強化計劃正在獲得良好的支持,這增強了我們作爲垂直整合的EMS提供商的能力,提高了我們的利潤率。」
「同時,集團進入菲律賓擴大業務的合資取得了良好的進展。就在上週,我們在接下來的兩個財政年度中獲得了總價值爲15令吉的新訂單。VS在這方面充滿信心,這得到了我們的輕資產戰略的支持。我們的目標是到2025年第一季度開始批量生產。總體而言,對於VS來說,這是一個激動人心的時刻,我們對前景持樂觀態度,」 拿督S.Y. Gan進一步補充說。
上週,該集團的全資子公司菲律賓VS Industry, Industry, Inc.(「VSIP」)從一個主要客戶(「客戶」)那裏獲得了新訂單,即提供從生產到組裝、測試、包裝、標籤和物流安排的端到端流程。
根據訂單的經常性質,截至2025年7月31日的財政年度(「25財年」),客戶的預期收入貢獻爲3令吉,截至2026年7月31日的財政年度(「26財年」)爲12令吉。這是根據預期的銷售量和定價得出的,使未來兩個財政年度的預期總收入達到15令吉。
除非出現任何不可預見的情況,否則擬議的認股權證紅利發行預計將於2024年第三季度完成,但須獲得所有必要的批准。