General Announcement

Reference No CC-100604-37731

Company Name

:

IRE-TEX CORPORATION BERHAD

Stock Name

:

IRETEX

Date Announced

:

04/06/2010

Type

:

Announcement

Subject

:

MEMBERS VOLUNTARY WINDING-UP OF IRE-TEX PACKAGING MATERIAL (XIAMEN) CO. LTD., A WHOLLY OWNED SUBSIDIARY OF IRE-TEX CORPORATION BERHAD

Contents

:

The Board of Directors of Ire-Tex Corporation Berhad ("ITCB" or "the Company") wishes to announce that its wholly owned subsidiary company Ire-Tex Packaging Material (Xiamen) Co. Ltd. (ITPMX) has commenced members voluntary winding-up proceedings in the Peoples Republic of China (PRC).

ITPMX is an enterprise with foreign investment registered in the PRC with a registered capital of USD919,990. Its principal activities was manufacture and sales of protective packaging products but it has ceased its operations since April 2008 and is currently dormant.

The voluntary winding-up of ITPMX will not have any significant financial and operational impact on ITCB Group for the financial year ending 31 December 2010.

The completion of the voluntary winding-up proceedings of ITPMX is subject to clearance of the relevant authorities in the PRC.

None of the Directors or major shareholders of ITCB and/or persons connected with them have any interests, direct or indirect, in the voluntary winding-up of ITPMX.

This announcement is dated 4 June 2010.

Announcement Details :