General Announcement

Reference No CC-131210-66081

Company Name

:

IRE-TEX CORPORATION BERHAD

Stock Name

:

IRETEX

Date Announced

:

10/12/2013

Type

:

Announcement

Subject

:

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description

:

IRE-TEX CORPORATION BERHAD (“ITCB” OR THE "COMPANY")
(I) PROPOSED DISPOSAL BY ITCB OF 2,295,000 ORDINARY SHARES OF RM1.00 EACH IN EPPOR-PACK SDN BHD, REPRESENTING 51% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF EPPOR-PACK SDN BHD ("EPSB"), TO RENOTEX GROUP LTD
(II) PROPOSED DISPOSAL BY ITCB OF 510,000 ORDINARY SHARES OF RM1.00 EACH IN POWERTUDE SDN BHD, REPRESENTING 51% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF POWERTUDE SDN BHD ("PSB"), TO RENOTEX GROUP LTD (COLLECTIVELY, THE "PROPOSALS")

 

For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Company’s announcement in relation to the Proposals dated 11 November 2013.


We refer to the Company’s announcement dated 11 November 2013 in relation to the Proposals.
 

The Board is pleased to announce that the Proposals have been completed today, following the payment of the Balance EPSB Disposal Consideration, EPSB Inter-Co Amount, Balance PSB Disposal Consideration and PSB Inter-Co Amount by Renotex to ITCB.
 

This announcement is dated 10 December 2013.