TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS 1. PROPOSED ACQUISITION BY IRE-TEX (JOHOR) SDN BHD, A SUBSIDIARY OF IRE-TEX CORPORATION BERHAD, OF TWO (2) PIECES OF INDUSTRIAL FREEHOLD LANDS FROM MODERN UNIT SDN. BHD. (COMPANY No. 833277-P) AS FOLLOWS : a. HS(D) 541178, PTD 180984, MUKIM TEBRAU, DAERAH JOHOR BAHRU, NEGERI JOHOR MEASURING APPROXIMATELY 0.1263 HECTARE (13,594 SQUARE FEET) OR THEREABOUTS (“Land 1”) FOR A TOTAL CONSIDERATION OF RM611,730.00. b. HS(D) 541179, PTD 180985, MUKIM TEBRAU, DAERAH JOHOR BAHRU, NEGERI JOHOR MEASURING APPROXIMATELY 0.1263 HECTARE (13,594 SQUARE FEET) OR THEREABOUTS (“Land 2”) FOR A TOTAL CONSIDERATION OF RM611,730.00. 2. ENTERING INTO TWO (2) BUILDING AGREEMENTS BY IRE-TEX (JOHOR) SDN BHD, A SUBSIDIARY OF IRE-TEX CORPORATION BERHAD, WITH BLESSPLUS SDN. BHD. (COMPANY NO. 333162-U) AS FOLLOWS : a. TO BUILD 1 STOREY WITH 2 MEZZANINE FLOORS SEMI-DETACHED FACTORY WITH A TOTAL BUILT-UP AREA OF 9,055 SQUARE FEET OR THEREABOUTS TO BE ERECTED ON LAND 1 FOR A TOTAL CONSIDERATION OF RM2,173,200.00. b. TO BUILD 1 STOREY WITH 2 MEZZANINE FLOORS SEMI-DETACHED FACTORY WITH A TOTAL BUILT-UP AREA OF 9,055 SQUARE FEET OR THEREABOUTS TO BE ERECTED ON LAND 2 FOR A TOTAL CONSIDERATION OF RM2,173,200.00. (COLLECTIVELY REFERRED TO AS THE “PROPOSED ACQUISITION”)

IRE-TEX CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 1. PROPOSED ACQUISITION BY IRE-TEX (JOHOR) SDN BHD, A SUBSIDIARY OF IRE-TEX CORPORATION BERHAD, OF TWO (2) PIECES OF INDUSTRIAL FREEHOLD LANDS FROM MODERN UNIT SDN. BHD. (COMPANY No. 833277-P) AS FOLLOWS :

a. HS(D) 541178, PTD 180984, MUKIM TEBRAU, DAERAH JOHOR BAHRU, NEGERI JOHOR MEASURING APPROXIMATELY 0.1263 HECTARE (13,594 SQUARE FEET) OR THEREABOUTS (“Land 1”) FOR A TOTAL CONSIDERATION OF RM611,730.00. 

b. HS(D) 541179, PTD 180985, MUKIM TEBRAU, DAERAH JOHOR BAHRU, NEGERI JOHOR MEASURING APPROXIMATELY 0.1263 HECTARE (13,594 SQUARE FEET) OR THEREABOUTS (“Land 2”) FOR A TOTAL CONSIDERATION OF RM611,730.00. 

2. ENTERING INTO TWO (2) BUILDING AGREEMENTS BY IRE-TEX (JOHOR) SDN BHD, A SUBSIDIARY OF IRE-TEX CORPORATION BERHAD, WITH BLESSPLUS SDN. BHD. (COMPANY NO. 333162-U) AS FOLLOWS :

a. TO BUILD 1 STOREY WITH 2 MEZZANINE FLOORS SEMI-DETACHED FACTORY WITH A TOTAL BUILT-UP AREA OF 9,055 SQUARE FEET OR THEREABOUTS TO BE ERECTED ON LAND 1 FOR A TOTAL CONSIDERATION OF RM2,173,200.00. 

b. TO BUILD 1 STOREY WITH 2 MEZZANINE FLOORS SEMI-DETACHED FACTORY WITH A TOTAL BUILT-UP AREA OF 9,055 SQUARE FEET OR THEREABOUTS TO BE ERECTED ON LAND 2 FOR A TOTAL CONSIDERATION OF RM2,173,200.00.

(COLLECTIVELY REFERRED TO AS THE “PROPOSED ACQUISITION”)

The Board of Directors of Ire-Tex Corporation Berhad (“ITCB” or “the Company”) wishes to announce that Ire-Tex (Johor) Sdn Bhd ("ITJSB” or the "Purchaser" or the “Employer”), a subsidiary company of ITCB had on 10 February 2015 entered into the following agreements :

1.  A sale and purchase agreement (“SPA 1”) with Modern Unit Sdn Bhd (Company No. 833277-P) ("MUSB” or the "Vendor") for the proposed acquisition of a piece of land known as HS(D) 541178, PTD 180984, Mukim Tebrau, Daerah Johor Bahru, Negeri Johor measuring approximately 0.1263 Hectare (13,594 Square Feet) or thereabouts bearing assessment address PTD 180984, Jalan Kempas Lama, Kempas Lama, 81300 Skudai, Johor (“Land 1”) for a total cash consideration of RM611,730.00.

2.  A sale and purchase agreement (“SPA 2”) with MUSB for the proposed acquisition of a piece of land known as HS(D) 541179, PTD 180985, Mukim Tebrau, Daerah Johor Bahru, Negeri Johor measuring approximately 0.1263 Hectare (13,594 Square Feet) or thereabouts bearing assessment address PTD 180985, Jalan Kempas Lama, Kempas Lama, 81300 Skudai, Johor (“Land 2”) for a total cash consideration of RM611,730.00.

3.   A building agreement (“BA 1”) with Blessplus Sdn. Bhd. (Company No. 333162-U) (“BSB” or the “Contractor”) to build a 1 storey with 2 Mezzanine Floors Semi-Detached Factory with a total built-up area of 9,055 square feet or thereabouts to be erected on the Land 1 for a total contract sum of RM2,173,200.00.

4.   A building agreement (“BA 2”) with BSB to build a 1 storey with 2 Mezzanine Floors Semi-Detached Factory with a total built-up area of 9,055 square feet or thereabouts to be erected on the Land 2 for a total contract sum of RM2,173,200.00.

Please refer to the attach file for details.

 

 

 



Announcement Info

Company Name IRE-TEX CORPORATION BERHAD  
Stock Name IRETEX    
Date Announced 10 Feb 2015  
Category General Announcement
Reference No CC-150210-B429B