The Board of Directors of Ire-Tex Corporation Berhad ("ITCB"
or "the Company") wishes to announce
that the Company had on 18 March 2015,
50,000 ordinary shares of USD1 each, representing 100% equity
interest in ARIBAR INVESTMENT LTD (“Aribar”).
Consequent thereto, Aribar became a
wholly-owned subsidiary of ITCB.
2. Information of Aribar
Aribar was incorporated on 2 January 2015 in the Territory of
the British Virgin Islands under the BVI
Business Companies Act, 2004 and
activated on 18
March 2015. The present authorised and paid up share capital
of Aribar are USD50,000 divided into
50,000 ordinary shares of USD1 each
Aribar has yet to commence its business operation and the
intended principal activity of Aribar is
3. FINANCIAL EFFECTS
The incorporation of Aribar is not expected to have any
material effects on the earnings per
share, net assets per share, gearing and
share capital and
substantial shareholders’ shareholdings of ITCB for the
financial year ending 31 December 2015.
4. Approvals Required
The incorporation of Aribar is not subject to the approval of
any governmental authorities or the
shareholders of the Company.
5. Directors' and Major Shareholders'
and/or persons connected with a director
or major shareholders’ Interests
None of the Directors and major shareholders or persons
connected to the Directors or major
shareholders of the Company has any
interests, direct or
indirect, in the incorporation.
6. Directors' Statement
The Board of Directors of ITCB is of the opinion that the
incorporation is in the best interest of
This announcement is dated 18 March