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General Announcement |
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Reference No CC-100604-37731 |
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Company Name |
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IRE-TEX CORPORATION BERHAD |
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Stock Name |
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IRETEX |
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Date Announced |
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04/06/2010 |
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Type |
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Announcement |
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Subject |
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MEMBERS VOLUNTARY WINDING-UP OF IRE-TEX PACKAGING MATERIAL (XIAMEN) CO. LTD., A WHOLLY OWNED SUBSIDIARY OF IRE-TEX CORPORATION BERHAD |
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Contents |
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The Board of Directors of Ire-Tex Corporation Berhad ("ITCB" or "the Company") wishes to announce that its wholly owned subsidiary company Ire-Tex Packaging Material (Xiamen) Co. Ltd. (ITPMX) has commenced members voluntary winding-up proceedings in the Peoples Republic of China (PRC). |
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ITPMX is an enterprise with foreign investment registered in the PRC with a registered capital of USD919,990. Its principal activities was manufacture and sales of protective packaging products but it has ceased its operations since April 2008 and is currently dormant. |
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The voluntary winding-up of ITPMX will not have any significant financial and operational impact on ITCB Group for the financial year ending 31 December 2010. |
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The completion of the voluntary winding-up proceedings of ITPMX is subject to clearance of the relevant authorities in the PRC. |
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None of the Directors or major shareholders of ITCB and/or persons connected with them have any interests, direct or indirect, in the voluntary winding-up of ITPMX. |
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This announcement is dated 4 June 2010. |