General Announcement

Reference No CC-141112-60162

Company Name

:

IRE-TEX CORPORATION BERHAD

Stock Name

:

IRETEX

Date Announced

:

12/11/2014

 
OTHERS IRE-TEX CORPORATION BERHAD PROPOSED CHANGE OF EXTERNAL AUDITORS

IRE-TEX CORPORATION BERHAD
 

Type

:

Announcement
 

Subject

:

OTHERS
 

Description

:

IRE-TEX CORPORATION BERHAD
PROPOSED CHANGE OF EXTERNAL AUDITORS

 

 
 
The Board of Directors of Ire-Tex Corporation Berhad (“the Board or Company”) wishes to announce that the Company had today received from the auditors, Messrs Grant Thornton (“GT”) notice in writing dated 11 November 2014 which was addressed to the Company, of their intention to resign as the auditors of the Company.

GT is of the view that the appointment of Dr Lai Chee Chuen, a former Senior Executive Director and Head of Advisory of Grant Thornton Consulting Sdn Bhd, to the Board on 4th November 2014 is subject to Section 290.140 of the MIA By-Laws, whereby an individual who was the firm’s Senior or Managing Partner (Chief Executive or equivalent) joins a public interest entity as an executive director, independence would deemed to be compromised unless two years have passed since the individual was a Senior or Managing Partner (Chief Executive of equivalent) of the firm.

GT’s resignation will take effect upon the appointment of new auditors pursuant to Section 172(15) of the Companies Act, 1965.

Pursuant to the said resignation, the Company had today received a letter from Tey Por Yee, a substantial shareholder of the Company, nominating Messrs UHY as new auditors in place of the resigning auditors subject to the approval of shareholders at an Extraordinary General Meeting to be convened in due course.

This announcement is dated 12 November 2014.