OTHERS Ire-Tex Corporation Berhad ("the Company") - Clarification on retirement of Dato Dr Yap Tatt Keat (Dato Dr Yap) as Managing Director and his subsequent re-appointment on the same day

IRE-TEX CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
Ire-Tex Corporation Berhad ("the Company") - Clarification on retirement of Dato Dr Yap Tatt Keat (Dato Dr Yap) as Managing Director and his subsequent re-appointment on the same day

Reference is made to the Company’s announcement on 29 June 2015 in relation to the retirement of Dato’ Dr Yap Tatt Keat (“Dato’ Dr Yap”) as Managing Director and his subsequent re-appointment on the same day.

The Board of Directors wishes to inform that Dato’ Dr Yap had expressed his intention for early retirement effective from 29th June 2015, post the Company's 13th Annual General Meeting (“AGM”) after 20 years of service with the Ire-Tex Group. Hence, he did not offer himself for re-election at the AGM.

However, due to concerns raised by key stakeholders namely bankers, customers and suppliers, to Dato’ Dr Yap's unexpected early retirement, the Board of Directors had persuaded Dato’ Dr Yap to defer his retirement plans. Consequently, in the best interest of Company, Dato’ Dr Yap had accepted his re-appointment as Managing Director of the Company in the Board meeting held immediately after the AGM. As such, he will remain in the Board until a succession plan is put in place.

This announcement is dated 2 July 2015.






Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 02 Jul 2015
Category General Announcement for PLC
Reference Number GA1-02072015-00083