General Announcement

Reference No CC-110418-57151

Company Name

:

IRE-TEX CORPORATION BERHAD

Stock Name

:

IRETEX

Date Announced

:

18/04/2011

Type

:

Announcement

Subject

:

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description

:

IRE-TEX CORPORATION BERHAD
Subject : Disposal of 49% interest each in two subsidiary companies, Eppor-Pack Sdn. Bhd. and Powertude Sdn. Bhd., by Ire-Tex Corporation Berhad

The Board of Directors of Ire-Tex Corporation Berhad ("ITCB" or "the Company") wishes to announce that the Company has on 16 April 2011 disposed of forty nine percent (49%) interest in each of the two subsidiary companies to Renotex Group Ltd ("Renotex" or "the Purchaser") for a total cash consideration of Ringgit Malaysia One Million Eight Hundred and Forty Two Thousand Five Hundred And Thirty Three and Sen Twenty Eight (RM1,842,533.28) only. Please refer to the attached file for details.

This announcement is dated 18 April 2011.

Attachments

:

Disposal of 49% shareholding in EPSB & PTSB_110418.pdf

Announcement Details/Table Section