General Announcement

Reference No MI-140207-64442

Company Name

:

IRE-TEX CORPORATION BERHAD

Stock Name

:

IRETEX

Date Announced

:

07/02/2014

 
OTHERS IRE-TEX CORPORATION BERHAD (ITCB) PROPOSED DIVERSIFICATION

IRE-TEX CORPORATION BERHAD

 

Type

:

Announcement

 

Subject

:

OTHERS

 

Description

  : IRE-TEX CORPORATION BERHAD (ITCB)

PROPOSED DIVERSIFICATION

 

Announcement Details/Table Section:

For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in ITCBs announcement dated 18 November 2013 in relation to, amongst others, the Proposed Diversification.

Reference is made to ITCBs announcement dated 18 November 2013 in relation to, amongst others, the Proposed Diversification. On behalf of the Board of Directors of ITCB, KAF Investment Bank Berhad wishes to announce that after taking into consideration of ZASBs involvement in the provision of turnkey solutions to, amongst others, the electrical and electronic (E&E) industries as well as the manufacture of, inter alia, tooling parts, jigs and fixtures for use in manufacturing industries (Other E&E Related Manufacturing Business), the Proposed Diversification shall involve the diversification of the business of the ITCB Group into both the Industrial Automation Business and the Other E&E Related Manufacturing Business.

This announcement is dated 7 February 2014.