This announcement is dated 5 September 2006.
With reference to the announcements dated 4 August 2006 and 22 August 2006, on behalf
of the Board of Directors of ITCB ("Board"), AmMerchant Bank Berhad (a member of Amlnvestment Group) ("AmMerchant
Bank") is pleased to announce that ITCB had
obtained the approval of the Ministry of International Trade and Industry ("MITI") via MITI's letter dated 1 September 2006, which was received on 5 September 2006 for
the Proposed Private Placement.
MITI's approval is subject to the condition that approval shall be obtained from the Securities Commission ("SC") in compliance with the Guidelines on the Acquisition of
Interests, Mergers and Take-overs by Local and Foreign Interests.
MITI's approval is also subject to the following
(i) Eppor-Pack Sdn Bhd
("EPSB") shall comply with the equity condition
imposed in the manufacturing licence of EPSB within two (2) years
from the date of MITI's approval. EPSB is also required to submit a
written proposal on compliance with the said equity condition within
three (3) months from the date of MITI's approval; and
ITCB shall notify the MITI upon the completion of the Proposed
Proposed Private Placement is now subject to the approvals of the
The Bursa Malaysia Securities Berhad for the listing of and
quotation for the new Shares to be issued pursuant to the Proposed
Private Placement; and
Any other relevant authorities (where