OTHERS PROPOSED SHAREHOLDERS' RATIFICATION FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

IRE-TEX CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
PROPOSED SHAREHOLDERS' RATIFICATION FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

Reference is made to the Company’s announcement on 24 April 2015 in relation to the proposed renewal of shareholders’ mandate for ITCB and its Group to enter into Recurrent Related Party Transactions of a Revenue or Trading Nature (“Proposed Shareholders’ Mandate”) and the Company’s announcements on 29 April 2015, 6 May 2015 and 8 May 2015 with regards to Recurrent Related Party Transactions entered into by Zoomic Automation (M) Sdn Bhd, a wholly owned subsidiary company of ITCB, with Zestek Integration Sdn. Bhd. and FSP Business Link Sdn. Bhd. (“the ZASB RRPT”) for which ITCB had not obtained shareholders’ mandate previously. The Board of Directors wishes to announce that the Company will seek shareholders’ approval to ratify the ZASB RRPT (“Proposed Shareholders’ Ratification”) at the forthcoming Annual General Meeting of the Company.

A circular to shareholders containing information on the Proposed Shareholders’ Ratification and Proposed Shareholders’ Mandate will be issued in due course.

This announcement is dated 29 May 2015.






Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 29 May 2015
Category General Announcement for PLC
Reference Number GA1-29052015-00080