Posted by StevenLim80 > 2020-08-18 08:07 | Report Abuse

Looks like frontken

Posted by Ben C Kh > 2020-08-18 08:49 | Report Abuse

Vs suspended

Posted by Ben C Kh > 2020-08-18 08:49 | Report Abuse

OTHERS V.S. INDUSTRY BERHAD ("VSIB" OR THE "COMPANY") SIGNING OF SUPPLY AGREEMENT (AGREEMENT) BETWEEN GUARDIAN SOUTH EAST ASIA PTE. LTD. (GUARDIAN), A WHOLLY-OWNED SUBSIDIARY OF VSIB AND VICTORY INNOVATIONS COMPANY INC. (VICTORY INC.)V.S. INDUSTRY BERHAD
TypeAnnouncementSubjectOTHERS
DescriptionV.S. INDUSTRY BERHAD ("VSIB" OR THE "COMPANY") SIGNING OF SUPPLY AGREEMENT (AGREEMENT) BETWEEN GUARDIAN SOUTH EAST ASIA PTE. LTD. (GUARDIAN), A WHOLLY-OWNED SUBSIDIARY OF VSIB AND VICTORY INNOVATIONS COMPANY INC. (VICTORY INC.)

1. INTRODUCTION

The Board of Directors (“the Board”) of VSIB is pleased to announce that its wholly-owned subsidiary, Guardian has on 17 August 2020, entered into an Agreement with a new customer, Victory Inc., to manufacture and supply cordless electrostatic sprayers (“Products”) on box-built basis.

 

2. INFORMATION ON VICTORY INC.

Victory Inc., was founded in 2014 with headquarters located in Minnesota, United States (“US”). Victory Inc. is a leading innovative sanitary solutions provider specializing in chemical application equipment, serving professionals who are responsible for maintaining healthy spaces with a focus on sanitization, decontamination, pest control, odor control and infection prevention.

Victory Inc. produces the world’s first Professional Cordless Electrostatics Handled Sprayer and Professional Cordless Electrostatics Backpack Sprayer. Victory Inc. has the exclusive patented doubled-charged technology that allows the chemical solutions to envelop shadowed, vertical, and difficult to reach grounded surfaces.

Outside US, its products are also distributed to more than 40 countries across the Europe, Asia, Oceania and Africa continents. Victory Inc.’s products are used by hospitals, hotels, schools, airlines, casinos, public transportation, household and businesses to sanitize and disinfect large areas swiftly and effectively.

 

3 THE AGREEMENT

Guardian shall provide manufacturing, supply chain and logistic services to Victory Inc. in accordance with the specifications and purchase orders. The Agreement does not specify contract volumes and amounts.

The Agreement shall commence with effect from 17 August 2020.  

 

4. FINANCIAL EFFECTS

 The Board expect the Agreement would contribute positively towards the earnings of VSIB from 2nd half of the financial year ending 31 July 2021 onwards. The Agreement will have no effect on the issued capital of the Company.

 

5. RISK FACTORS

Risk factors affecting the Agreement include availability of skilled manpower and materials, changes in pricing, market demand volatility, competition, and foreign currency rates fluctuation. Notwithstanding the above, VSIB has a proven and established track record in undertaking electronics manufacturing services that would help mitigate such risks.

 

6. ​APPROVALS REQUIRED

The Agreement entered is in the ordinary course of business of VSIB. It does not require approval of the Company’s shareholders and/or any regulatory authorities.

 

7. DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTEREST

None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Agreement.

 

8. DIRECTORS’ STATEMENT

Having considered all aspects of the Agreement, the Board is of the opinion that the Agreement is in the best interest of the Company.

 





Announcement InfoCompany NameV.S. INDUSTRY BERHADStock NameVSDate Announced18 Aug 2020CategoryGeneral Announcement for PLCReference NumberGA1-18082020-00008

Posted by Shootingstar999 > 2020-08-18 08:56 | Report Abuse

Everyone check it our on the new customer website, look like another PPE stock in making. Go early before it is too late!
https://victorycomplete.com/

Posted by Shootingstar999 > 2020-08-18 08:57 | Report Abuse

VS now getting involve in Covid related stock, seem it will benefit even after Covid drug release. Will have huge demand for the item as government and company will request huge qty of the item to sanitization of the environment. Follow the step of PPE….

Posted by UncleChuaHuat > 2020-08-18 08:58 | Report Abuse

Sell on news, time to take profit

Posted by UncleChuaHuat > 2020-08-18 08:59 | Report Abuse

this is just a short term business

Posted by UncleChuaHuat > 2020-08-18 09:03 | Report Abuse

gonna take few months to setup prod line, but price oledi factored in, and the prod volume may not be attractive

Posted by Lioncity > 2020-08-18 09:04 | Report Abuse

Got new contract + suspended for one hour, resume trading at 10am, go VS go!

Posted by ks5S > 2020-08-18 09:12 | Report Abuse

rocket liaw. this is 1st business. more to come on covid related business

Posted by ks5S > 2020-08-18 09:13 | Report Abuse

tp 3.00

Posted by god2077 > 2020-08-18 09:15 | Report Abuse

How to know how many order for this new business?

Posted by nickfury1234 > 2020-08-18 09:15 | Report Abuse

tq uncle for selling to me

Posted by ks5S > 2020-08-18 09:18 | Report Abuse

director son keep on buy. sure good business

Posted by ks5S > 2020-08-18 09:18 | Report Abuse

start venture in healthcare business. good future

Posted by ARCBEETLE > 2020-08-18 09:23 | Report Abuse

@SuperPanda you're the man...

Posted by antidebt > 2020-08-18 09:29 | Report Abuse

limit up today.

Posted by StevenLim80 > 2020-08-18 09:30 | Report Abuse

Limit up pls at 10am

Posted by nickfury1234 > 2020-08-18 09:30 | Report Abuse

ready for limit up.. limit up super power

Posted by new6868 > 2020-08-18 09:37 | Report Abuse

If this announcement happen three weeks ago....confirm it will limit up! Now not really good timing....!

Posted by antidebt > 2020-08-18 09:39 | Report Abuse

director son will push for 3x limit up

Posted by antidebt > 2020-08-18 09:40 | Report Abuse

other losing company can also limit up. this one making money one sure limit up

Posted by amy898 > 2020-08-18 09:46 | Report Abuse

new6868 yes u are right. so so only

Posted by Sipektuaki > 2020-08-18 09:55 | Report Abuse

Steady boom bi bi

Posted by SuperPanda > 2020-08-18 09:58 | Report Abuse

those dont buy and hold will continue become losers in here

Posted by SuperPanda > 2020-08-18 09:59 | Report Abuse

esp unclechua huat... should change to uncle no huat

Posted by BOBOINDIAN > 2020-08-18 10:01 | Report Abuse

NOTHING HAPPEN

Posted by UncleChuaHuat > 2020-08-18 10:06 | Report Abuse

FINANCIAL EFFECTS

The Board expect the Agreement would contribute positively towards the earnings of VSIB from 2nd half of the financial year ending 31 July 2021 onwards. The Agreement will have no effect on the issued capital of the Company.

Posted by UncleChuaHuat > 2020-08-18 10:07 | Report Abuse

my friends, pls wake up, -> would contribute positively towards the earnings of VSIB from 2nd half of the financial year ending 31 July 2021 onwards.

read carefully, 31 July 2021

Posted by miss_secret > 2020-08-18 10:09 | Report Abuse

I WANT TOP UP VS~!

Posted by StevenLim80 > 2020-08-18 10:12 | Report Abuse

Huat until next year guys

Posted by Shootingstar999 > 2020-08-18 10:24 | Report Abuse

3 new customer 2 out sure have 1 more to come

Posted by Shootingstar999 > 2020-08-18 10:25 | Report Abuse

Believe in datuk gan comment

Posted by Lioncity > 2020-08-18 10:33 | Report Abuse

Lai lai lai, buy now while price still cheap!

Posted by Surewind > 2020-08-18 10:33 | Report Abuse

Not many buying at the moment, i think as no information on value in ringgit and volume.

Posted by SuperPanda > 2020-08-18 10:33 | Report Abuse

there will be another news coming too, just hold
but if you wanna sell take profit also ok, we have chance to buy lower then : )

see money take money also good stratetgy

Posted by ARCBEETLE > 2020-08-18 10:53 | Report Abuse

Please don't rebuke UncleChuaHuat yet, yes although he's mainly a doomsayer/pessimist most of time, but I vividly rmbr once he did predict a mini bull run which sudden big volume came in...cut him some slack :)

Posted by miss_secret > 2020-08-18 10:54 | Report Abuse

kanasai,everyime i top up aft sure drop..really shit..

Posted by SuperPanda > 2020-08-18 10:55 | Report Abuse

unclechuahuat comment since below 1.20 now 1.60, even if 1.50 he never buy bcoz he think can buy 1.20 again

Posted by TP99 > 2020-08-18 11:05 | Report Abuse

Thanks for the VS weak holder sell on new ! we can buy cheaper again for value stock

Posted by tualp > 2020-08-18 11:06 | Report Abuse

taken profit....wait for you at 1.50 then sapu again.

Posted by miss_secret > 2020-08-18 11:12 | Report Abuse

tualp, u wait 1.20 better.

Posted by laychee > 2020-08-18 11:17 | Report Abuse

This considered insider trading?

Posted by nickfury1234 > 2020-08-18 11:42 | Report Abuse

sorry, uncle huat is right~ everyone need to sell now. the hot airballoon too heavy, cant take off. need to sell and take off some weight first

Posted by sd99 > 2020-08-18 11:44 | Report Abuse

sell on news or before... not buy on news!

Posted by Skyway > 2020-08-18 11:48 | Report Abuse

Everyday I said it will drop from RM1.20 till RM1.6X,
Sure once it will become correct. Dun worry, marks uncle huat word, today open 1.64, see what happen after one month

Posted by UncleChuaHuat > 2020-08-18 11:49 | Report Abuse

laychee bro, yes, considered insider trading because SuperPanda oledi know insider news before public announcements.

Posted by ycbang > 2020-08-18 13:38 | Report Abuse

vs tp Rm2. 50

Posted by nickfury1234 > 2020-08-18 14:04 | Report Abuse

later VS announce they make ventilator also then u know.. lolzzz

Posted by nicky11 > 2020-08-18 15:44 | Report Abuse

haha, just wait for it as the chairman bought at 1.56 too