PRESS RELEASE: IRE-TEX AWARDED FEED-IN TARIFF APPROVAL HOLDER BY SEDA MALAYSIA (AWARD)

IRE-TEX CORPORATION BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-09062016-00002
Subject PRESS RELEASE: IRE-TEX AWARDED FEED-IN TARIFF APPROVAL HOLDER BY SEDA MALAYSIA (AWARD)
Description
IRE-TEX CORPORATION BERHAD ("THE COMPANY" OR "IRE-TEX")  - PRESS RELEASE: IRE-TEX AWARDED FEED-IN TARIFF APPROVAL HOLDER BY SEDA MALAYSIA
Query Letter Contents

We refer to your Company’s announcement dated 7 June 2016, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1)      Overview of the Feed-in Tariff ("FIT") system in Malaysia.

2)      Salient terms and conditions of the award, including the FIT rate, termination and default clauses.

3)      The specific risks factors in undertaking the solar energy projects and the mitigating factors.

4)      Further elaboration and to quantify (where possible) on how the Award will be able to bring a stable recurring income stream to the Group.

5)      The expected commencement and completion date of the installation of the Solar PV grid.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,
HENG TECK HENG
Vice President, Issuers,
Listing Division, Regulation
IJ/TEK

Cc : Market Surveillance Dept. , Securities Commission (via fax)

Reference is made to Bursa Malaysia Securities Berhad's letter dated 9 June 2016 pertaining to the above matter and the Company hereby enclose additional information as attached herein.



Please refer attachment below.



Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 10 Jun 2016
Category General Announcement for PLC
Reference Number GA1-10062016-00043