General Announcement

Reference No MI-140115-62970

Company Name

:

IRE-TEX CORPORATION BERHAD

Stock Name

:

IRETEX

Date Announced

:

15/01/2014

 
MULTIPLE PROPOSALS IRE-TEX CORPORATION BERHAD (“ITCB” OR THE “COMPANY”) • PROPOSED SHARE SPLIT; • PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; • PROPOSED AMENDMENTS; • PROPOSED PRIVATE PLACEMENT; AND • PROPOSED RIGHTS ISSUE OF ICULS WITH WARRANTS (COLLECTIVELY, THE “PROPOSALS”)

IRE-TEX CORPORATION BERHAD

 

Type

:

Announcement

 

Subject

:

MULTIPLE PROPOSALS

 

Description

  : IRE-TEX CORPORATION BERHAD (“ITCB” OR THE “COMPANY”)

• PROPOSED SHARE SPLIT;
• PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL;
• PROPOSED AMENDMENTS;
• PROPOSED PRIVATE PLACEMENT; AND
• PROPOSED RIGHTS ISSUE OF ICULS WITH WARRANTS

(COLLECTIVELY, THE “PROPOSALS”)

 
Attachment : 2. Iretex - Proposals (15 January 2014).pdf
 

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 ITCB’s announcement dated 8 January 2014 in relation to the Proposals (“Announcement”).

On behalf of the Board of Directors of ITCB, KAF Investment Bank Berhad wishes to announce that subsequent to the Announcement, the Company had procured the irrevocable undertakings of certain shareholders of the Company to subscribe for their respective entitlements of the Rights ICULS together with Warrants under the Proposed Rights Issue of ICULS with Warrants in full based on their shareholdings as at 31 December 2013 (being the latest practicable date prior to the Announcement). Kindly refer to the attached document for the complete announcement.

This announcement is dated 15 January 2014.