V.S. In­dus­try ac­quires 60pc of Skreen Fab­ric

New Straits Times - - Business -

KUALA LUMPUR: V.S. In­dus­try Bhd is buy­ing a 60 per cent stake in fil­ter com­po­nents man­u­fac­turer Skreen Fab­ric (M) Sdn Bhd for RM7.5 mil­lion. In a fil­ing with Bursa Malaysia, V.S In­dus­try said it yes­ter­day en­tered into a con­di­tional sub­scrip­tion and share sale agree­ment with Skreen Fab­ric. Skreen Fab­ric has been sup­ply­ing fil­ter com­po­nents to the com­pany and its sub­sidiaries for the pro­duc­tion of a key cus­tomer’s or­ders.

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