YBS (0025): Substantial Holder Shares Transactions

Enovix’s Gen2 autoline will have a production capacity of 1,350 units per hour and will be able to produce up to 10 million units of batteries a year.

Under the latest amendment, Enovix is now fully responsible for the initial investment of US$100 million (RM440 million).

This is as opposed to the earlier agreement dated July 27, 2023, which stipulated that Enovix will invest US$30 million and YBS has the obligation to finance US$70 million.

The amendments also include the markup payment terms and fees to be paid by Enovix to YBS for the services provided.

Based on the new terms, YBS is also fully responsible for obtaining and maintaining working capital requirements to sustain compliance with the terms, including, without limitation, fulfilling Enovix’s purchase requirements for materials.

There is also a modified markup fee percentage to account for manufacturing services performed by YBS for Enovix for the existing and future lines.

The markup fee is based on direct and indirect materials, direct labour, utilities and repair and maintenance.

Both parties also agree that the shortfall of the markup fee, if any, shall be payable by Enovix to YBS, based on the monthly invoice.

5 days ago

MrFox

With this latest development, moondate will have more nite mates?

5 days ago

goody99

Enovix Corporation (NASDAQ:ENVX) Q3 2024 Earnings Call Transcript

https://www.insidermonkey.com/blog/enovix-corporation-nasdaqenvx-q3-2024-earnings-call-transcript-1383222/

4 days ago

Moondate

hi Fox...where is your free ahmoiii...huhuhu...I already said the scam counter won't go anywhere...

1 day ago

Albukhary

Why still called YBS as scam.
Previously, Enovix want YBS to commit USD70mil for the machinery investment. Many analyst view this as very risky move, as YBS size is relatively small compare to this USD70mil investment.
Now, Enovix has take the initiative to solve this problem, whereby ENOVIX will self invested the USD100mil machinery, and YBS no need to invest any amount, what YBS need to do is to help them to operate the machinery and monitor the manufacturing process, and YBS can earn a mark up on top of it.
So, it should be a good news, as this move has mitigate the risk of investment, and with the USD100mil capital invested by ENOVIX, the chances of this project is a scam is getting lower, no point ENOVIX spend USD100mil if they know this is not working.

1 day ago

Moondate

Enovix is just using YBS land to put their machines without paying any charges and forcing YBS to maintain them from deterioration..they are covered with battery projects that are waiting for the first order from customers either next year, 2 years or 5 years from now..

23 hours ago

HollowEcho

YBS might just be in a great position with this new deal! 🚀 Enovix taking on the full investment definitely lowers the risk for them. If they manage the operations well, that markup could lead to solid profits. It’ll be interesting to see how this plays out with all those potential battery orders on the horizon!

21 hours ago

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