Type	:	Announcement
Subject	:	IRE-TEX CORPORATION BERHAD ("ITCB" OR THE "COMPANY") - PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES OF RM1.00 EACH ("SHARES") OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF ITCB ("PROPOSED PRIVATE PLACEMENT")

Contents: With reference to the announcements dated 4 August 2006, on behalf of the Board of Directors of ITCB ("Board"), AmMerchant Bank Berhad (a member of Amlnvestment Group) ("AmMerchant Bank") is pleased to announce that ITCB had obtained the approval of the Securities Commission ("SC") via SC's letter dated 17 August 2006, which was received on 21 August 2006 for the Proposed Private Placement. The SC's approval is subject to the following conditions:- (i) AmMerchant Bank and ITCB to fully comply with the relevant provisions in Guidance Note 8C and other relevant requirements under the Policies and Guidelines on Issue/Offer of Securities issued by the SC, pertaining to the implementation of the Proposed Private Placement; and (ii) AmMerchant Bank and ITCB to inform the SC upon completion of the Proposed Private Placement. In addition, the SC, under the Guidelines on the Acquisition of Interests, Mergers and Take-overs by Local and Foreign Interests had also approved the Proposed Private Placement via the same above mentioned SC's letter.  The Proposed Private Placement is now subject to the approvals of the following parties:- (i) The Ministry of International Trade and Industry; (ii) The Bursa Malaysia Securities Berhad for the listing of and quotation for the new Shares to be issued pursuant to the Proposed Private Placement; and (iii) Any other relevant authorities (where applicable). This announcement is dated 22 August 2006.