General Announcement

Reference No CC-071121-981D4

Company Name

:

IRE-TEX CORPORATION BERHAD

Stock Name

:

IRETEX

Date Announced

:

21/11/2007

Type

:

Announcement

Subject

:

PROPOSED DISPOSAL OF THE ENTIRE 100% EQUITY INTEREST IN BAGUDA (M) SDN BHD ("BMSB"), A WHOLLY OWNED SUBSIDIARY OF IRE-TEX CORPORATION BERHAD ("ITCB" OR "THE COMPANY")("PROPOSED BMSB DISPOSAL")

Contents :

Reference is made to the Company's announcement dated 16 November 2007 on the Proposed BMSB Disposal


The Company wishes to clarify that the net asset value of BMSB as at 31 August 2007 referred to in paragraph 2.1(ii) of the said announcement amounted to RM3,212,828.


This announcement is dated 21 November 2007.