OTHERS IRE-TEX CORPORATION BERHAD ("IRETEX" or "the Company") - LODGEMENT OF POLICE REPORT

IRE-TEX CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
IRE-TEX CORPORATION BERHAD ("IRETEX" or "the Company")
- LODGEMENT OF POLICE REPORT

The Company wishes to announce that a police report against Mr Kong Hon Kay, a Director of the Company, was made on 17 May 2017 in connection with possible breaches of Sections 245 (5) and (6) of the Companies Act, 2016. Mr Kong Hon Kay, being the  legal respresentative of Suzhou Ire-Tex Sourcing Co. Ltd ("Suzhou"), a wholly-owned subsidiary of the Company, has failed to provide copies of financial records of Suzhou, which are kept outside of Malaysia, despite the Board's request to do so.

The Company and every officer who contravene Section 245 commit an offence, and shall, on convinction, be liable to a fine not exceeding RM500,000 or imprisonment for a term not exceeding three (3) years or both.

The Company has requested that the police to investigate this matter.

Further announcement(s) to Bursa Malaysia Securities Berhad on any material development on the above will be made in due course.

This announcement is made on 17 May 2017.






Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 17 May 2017
Category General Announcement for PLC
Reference Number GA1-17052017-00073