【IQZAN 7183 交流专区】（前名 IRETEX）

icy97

icy97 发表于 19-11-2013 04:07 AM
爱尔德斯收购多元化业务

财经新闻 财经  2013-11-20 12:17

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	IRE-TEX CORPORATION BERHAD (“ITCB”) (I)        ZASB ACQUISITION (II)        ZTSB ACQUISITION
For consistency purposes, the abbreviations and definitions used in this announcement shall have the same meanings as those previously defined in ITCB’s announcements dated 18 November 2013 and 7 February 2014. 1.         INTRODUCTION Reference is made to ITCB’s announcements dated 18 November 2013 and 7 February 2014 in relation to, amongst others, the purchase by ITCB of the ZASB Shares and the ZTSB Shares from Teh Eng Huat and Khoo Hun Sniah (“Vendors”) which have been duly completed. The Board of Directors of ITCB wishes to announce that ITCB had on 14 April 2015 entered into a further supplemental agreement with the Vendors to amend and supplement the terms of the SPA 2 dated 18 November 2013 and the Supplemental SPA 2 dated 7 February 2014 in relation to the Profit Guarantee Security provided by the Vendors in the said agreements (“Further Supplemental Agreement”). 2.         SALIENT DETAILS OF THE FURTHER SUPPLEMENTAL AGREEMENT 2.1       As at the date of the Further Supplemental Agreement, ITCB and the Vendors (hereinafter collectively referred to as the “Parties” and each a “Party”) note that the 2014 PAT for the 2014 Financial Year has yet to be audited and accordingly, it currently cannot be determined whether or not the 2014 Guaranteed Amount has been met.            2.2       Notwithstanding paragraph 2.1 above, the Parties agree that the entire amount of the Profit Guarantee Security held by Messrs David Tan & Lai, Advocates and Solicitors, as stakeholder (“Stakeholder”) can be released to ITCB and the Stakeholder is authorized by the Parties to release the Profit Guarantee Security to ITCB within seven (7) days of receipt of a written notice given by ITCB to the Stakeholder (“ITCB Notice”). 2.3       The Parties further agree that ITCB shall be entitled to deal with or utilize the Profit Guarantee Security at its absolute discretion and for whatsoever purpose without reference to the Vendors on receipt of the same. 2.4       Interest earned on the Profit Guarantee Security (“Accrued Interest”) held by the Stakeholder shall be for the account of the Vendors to be dealt with at their discretion and the Stakeholder is authorized by the Parties to release the Accrued Interest to the Vendors within seven (7) days of receipt of the ITCB Notice. 2.5       In the event that the aggregate of the audited After Tax Profits are more than the Profit Guarantee Security, ITCB shall refund to the Vendors the difference, between the audited After Tax Profits to the Profit Guarantee Security, up to the maximum of the amount of the Profit Guarantee Security (“Excess Amount”), and such Excess Amount without interest, shall be paid to the Vendors, in the proportions set out in the Further Supplemental Agreement, within seven (7) days of receipt of a written notice given by the Vendors to ITCB. 2.6       In the event that the aggregate of the audited After Tax Profits are less than the amount of the Profit Guarantee Security, the Vendors shall pay to ITCB the shortfall in the amount of the Guaranteed Profits guaranteed by the Vendors after deducting the Profit Guarantee Security amount, in accordance with the provisions set out in clause 9 of the SPA 2. 2.7       The provisions set out in clauses 9.1, 9.2, 9.3 and 9.4 of the SPA 2 in relation to Profit Guarantee shall continue to apply and be valid and binding save to the extent these provisions are amended or supplemented by the provisions set out in clauses 3.2, 3.3 and 3.4 of the Further Supplemental Agreement (as set out in paragraphs 2.2, 2.3 and 2.4 above). 3.         EFFECTS OF THE FURTHER SUPPLEMENTAL AGREEMENT The Further Supplemental Agreement is not expected to have any material effects on the issued and paid-up share capital, substantial shareholders’ shareholdings, consolidated NA, consolidated gearing and consolidated earnings of ITCB. 4.         APPROVALS REQUIRED The Further Supplemental Agreement is not subject to approvals of the shareholders of ITCB and any other relevant authorities. 5.         DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST Save for the interest of Teh Eng Huat, who was a Director of ITCB until 25 February 2015 and is a Director in subsidiary companies in ITCB Group, and Khoo Hun Sniah, who is a person connected with Teh Eng Huat, in the Further Supplemental Agreement by virtue of them being the providers of the Profit Guarantee Security, ITCB is not aware of any other Directors and major shareholders of ITCB who has any interest, whether direct or indirect, in the Further Supplemental Agreement. 6.         DIRECTORS' STATEMENT The Board of Directors of ITCB, having considered the terms and conditions of the Further Supplemental Agreement, is of the opinion that the Further Supplemental Agreement is in the best interest of ITCB.                                    7.         DOCUMENTS AVAILABLE FOR INSPECTION The Further Supplemental Agreement is available for inspection at the registered office of ITCB at 35, 1st Floor, Jalan Kelisa Emas 1, Taman Kelisa Emas, 13700 Seberang Jaya, Penang during normal business hours from Mondays to Fridays (except public holidays) for a period of one (1) month from the date of this announcement. This announcement is dated 14 April 2015

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS
Description	RECURRENT RELATED PARTY TRANSACTIONS ENTERED INTO BY ZOOMIC AUTOMATION (M) SDN BHD, A WHOLLY OWNED SUBSIDIARY COMPANY OF IRE-TEX CORPORATION BERHAD WITH:-(1)        ZESTEK INTEGRATION SDN BHD (ZI), AND(2)        FSP BUSINESS LINK SDN BHD (FSP)
1.         INTRODUCTION Pursuant to paragraph 10.09(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of Ire-Tex Corporation Berhad (“ITCB” or “the Company”) wishes to announce that Zoomic Automation (M) Sdn Bhd (“ZASB”), a wholly owned subsidiary company of ITCB, had entered into recurrent related party transactions in the ordinary course of business with ZI and FSP. 2.         INFORMATION ON ZASB, ZI, FSP AND THE RECURRENT RELATED PARTY TRANSACTIONS 2.1       Information on ZASB ZASB was incorporated in Malaysia on 20 December 2002 under the Companies Act, 1965. The authorized share capital of ZASB is currently RM5,000,000.00 divided into 5,000,000 ordinary shares of RM1.00 each of which RM1,000,000.00 consisting of 1,000,000 ordinary shares of RM1.00 each have been issued and fully paid-up. The principal activity of ZASB is designer, manufacturer and systems consultant for all types of industrial machinery and automation systems. 2.2       Information on ZI            ZI was incorporated in Malaysia on 20 September 2011 under the Companies Act, 1965. The authorized share capital of ZI is currently RM1,000,000.00 consisting of 1,000,000 ordinary shares of RM1.00 each and the paid up capital is RM100,000.00 consisting of 100,000 ordinary shares of RM1.00 each fully paid-up. The principal activity of ZI is providing assembly services for the electrical and electronic industries. As at the date of this Announcement, the Directors and Shareholders of FSP are as follows: Directors Tan Inn Huat Chin Peng Wai Shareholders Name No. of shares held Percentage % 1) Lim Swee Hua 5,000 5 2) Chan Fung Guan 4,000 4 3) Aw Fook Lam 4,000 4 4) Loke Chong Leng 4,000 4 5) Chin Peng Wai 5,000 5 6) Ooi Shu Rhui 4,000 4 7) Teh Gaik Tiang 70,000 70 8) Tan Chee Keong 4,000 4 Total 100,000 100 2.3   Information on FSP FSP was incorporated in Malaysia on 27 August 2012 under the Companies Act, 1965. The authorized share capital of FSP is currently RM1,000,000.00 consisting of 1,000,000 ordinary shares of RM1.00 each the paid up capital is RM1,000,000.00 consisting of 1,000,000 ordinary shares of RM1.00 each fully paid-up. FSP is principally engaged as assemblers, maintainers and dealers in electronics components. As at the date of this Announcement, the Directors and Shareholders of FSP are as follows: Directors Foong Cheng Kong Khaw Kheng Wooi Toshihiko Nakano Shareholders Name No. of shares held Percentage % 1) Lim Swee Hua 30,000 3.0 2) Ideomix Co. Ltd. 204,000 20.4 3) Khaw Kheng Wooi 370,000 37.0 4) Toshihiko Nakano 96,000 9.6 5) Foong Cheng Kong 300,000 30.0 Total 1,000,000 100.0 2.4       Details of the recurrent related party transactions The recurrent related party transactions for the period from 24 April 2014 (being the date on which ZASB became a subsidiary company of ITCB) up to date comprised of the following:- (a) Sales of automated equipment, parts and machineries by ZASB to ZI amounting to a total of RM987,864.03 (“RRPT 1”), (b) Purchases of assembly solution on automation machinery and conveyor by ZASB from ZI amounting to a total of RM1,975,360.00 (“RRPT 2”), (c) Advance payments made by ZASB to ZI amounting to RM285,000.00 (“RRPT 3”), and (d) Sales of manufactured light-emitting diode (LED) tube and automation machinery by ZASB to FSP amounting to a total of RM2,260,960.51 (“RRPT 4”). (hereinafter collectively referred to as the “RRPTs”) The transactions comprising the RRPTs are set out in the attached Table 1. 2.5       Rationale for the RRPTs The sales transactions in RRPT 1 and RRPT 4 were sales carried out in the normal course of business of ZASB and were based on normal commercial terms consistent with ZASB’s usual business practices and policies. The purchases transactions in RRPT 2 were purchases of assembly solution on automation machinery and conveyor carried out in the normal course of business of ZASB and were based on normal commercial terms. The purchases were made from ZI because of ZI’s expertise in auto conveyor system and bulk components handling automation in areas such as glove and packaging industries. The advance payments made in RRPT 3 were progress payment for research and development projects for glove automation machines. 3.         FINANCIAL EFFECTS OF THE RRPTs The RRPTs do not have any effect on the issued and paid-up share capital of ITCB or the shareholdings of its substantial shareholders. ITCB Group has impaired amounts of RM2,886,230.00 and RM2,913,174.40 due from ZI and FSP respectively arising from RRPT 1, RRPT 3 and RRPT 4 in its financial statements for the year ended 31 December 2014 due to concerns over the recoverability of the said debts. However, the impairment of the said debts totaling RM5,799,404.40 (“Impaired Debts”) is fully covered by the profit guarantee provided by two of the Directors of ZASB, namely Teh Eng Huat and Khoo Hun Sniah (“Vendors”), arising from  the Vendors’ sale of their shares in ZASB to ITCB in 2014. The Vendors have confirmed in writing that the accounts of ZASB for the financial year ended 31 December 2014, which included the Impaired Debts, are a fair, accurate and conclusive statement of the profits and losses of ZASB for the purposes of the Profit After Taxation Guarantee of ZASB provided by the Vendors. Subject to the foregoing, the RRPTs did not have any material effect on earnings per share, gearing and net assets per share of ITCB Group for the financial year ended 31 December 2014 and is not expected to have any material effect on earnings per share, gearing and net assets per share of ITCB Group for the financial year ended 31 December 2015. 4.         PERCENTAGE RATIOS Based on ITCB’s audited consolidated financial statements for the financial year ended 31 December 2013 and pursuant the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the highest percentage ratio applicable to the RRPTs are as follows:- RRPT 1 – 1.93% RRPT 2 – 3.86% RRPT 3 – 0.56%                     RRPT 4 – 4.42%. 5.         APPROVALS REQUIRED The RRPTs are not subject to approval of ITCB’s shareholders or any other government authorities. 6.         INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED TO THEM Lim Swee Hua, Loke Chong Leng, Ooi Shu Rhui and Tan Chee Keong who are all shareholders of ZI and employees of ZASB and Teh Gaik Tiang who is a shareholder of ZI and an employee of ZASB and also the sister of Teh Eng Huat are all deemed to be related parties in RRPT 1, RRPT 2 and RRPT 3 as they are deemed to be persons connected to Teh Eng Huat and Khoo Hun Sniah who are Directors of ZASB. Teh Eng Huat was also a Director of ITCB until 25 February 2015. Lim Swee Hua who is a shareholder of FSP and employee of ZASB and Khaw Kheng Wooi who is a Director and shareholder of FSP and an employee of ZASB are both deemed to be related parties in RRPT 4 as they are deemed to be persons connected to Teh Eng Huat and Khoo Hun Sniah who are Directors of ZASB. Teh Eng Huat was also a Director of ITCB until 25 February 2015. Save as disclosed above, none of the other Directors and/or Major Shareholders of ITCB and/or persons connected with them, have any interest, direct or indirect, in the RRPTs. 7.         TOTAL AMOUNT TRANSACTED WITH THE RELATED PARTIES WITHIN THE PRECEDING 12 MONTHS The transactions with ZI and FSP within the preceding 12 months are as set out in Table 1. 8.         STATEMENT BY THE AUDIT COMMITTEE As noted in paragraph 3 above, ITCB Group has impaired amounts of RM2,886,230.00 and RM2,913,174.40 due from ZI and FSP respectively arising from RRPT 1, RRPT 3 and RRPT 4 in its financial statements for the year ended 31 December 2014 due to concerns over the recoverability of the said debts. However, the impairment of the said debts totaling RM5,799,404.40 is fully covered by the profit guarantee provided by two of the Directors of ZASB, namely Teh Eng Huat and Khoo Hun Sniah, arising from  the Vendors’ sale of their shares in ZASB to ITCB in 2014. The Vendors have confirmed in writing that the accounts of ZASB for the financial year ended 31 December 2014, which included the Impaired Debts, are a fair, accurate and conclusive statement of the profits and losses of ZASB for the purposes of the Profit After Taxation Guarantee of ZASB provided by the Vendors. Taking the foregoing into consideration, the Audit Committee is of the view that the transactions and profit guarantee by the Vendors to cover the impairment of the Impaired Debts are:- in the best interest of ITCB; and not detrimental to the interest of the minority shareholders. 9.         DIRECTORS' STATEMENTS As noted in paragraph 3 above, ITCB Group has impaired amounts of RM2,886,230.00 and RM2,913,174.40 due from ZI and FSP respectively arising from RRPT 1, RRPT 3 and RRPT 4 in its financial statements for the year ended 31 December 2014 due to concerns over the recoverability of the said debts. However, the impairment of the said debts totaling RM5,799,404.40 is fully covered by the profit guarantee provided by two of the Directors of ZASB, namely Teh Eng Huat and Khoo Hun Sniah, arising from  the Vendors’ sale of their shares in ZASB to ITCB in 2014. The Vendors have confirmed in writing that the accounts of ZASB for the financial year ended 31 December 2014, which included the Impaired Debts, are a fair, accurate and conclusive statement of the profits and losses of ZASB for the purposes of the Profit After Taxation Guarantee of ZASB provided by the Vendors. Taking the foregoing into consideration, the Board of Directors of ITCB is of the opinion that the RRPTs and profit guarantee by the Vendors to cover the impairment of the Impaired Debts are in the best interest of ITCB Group. This announcement is dated 29 April 2015. http://www.bursamalaysia.com/market/listed-companies/company-announcements/4722969

Attachments Table 1.pdf

icy97

Type	Announcement
Subject	OTHERS
Description	IRE-TEX CORPORATION BERHAD (the "Company" or "ITCB")Qualified Opinion on the Audited Financial Statements for the financial year ended 31 December 2014
Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and further to the submission of the Company’s Audited Financial Statements for the financial year ended 31 December 2014 to Bursa Malaysia Securities Berhad on 5 May 2015, the Board of Directors of ITCB wishes to announce that Messrs UHY, the Company’s External Auditors, had expressed a qualified opinion in the Company’s Audited Financial Statements for the financial year ended 31 December 2014. A copy of Messrs UHY’s report is attached herewith. This announcement is dated 5 May 2015.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4725941

Attachments UHY Report.pdf

icy97

Type	Announcement
Subject	OTHERS
Description	IRE-TEX CORPORATION BERHAD ("ITCB" OR THE "COMPANY") DEVIATION BETWEEN UNAUDITED RESULTS AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
1.         INTRODUCTION            The Board of Directors of ITCB wishes to announce that the Company has on 27 February 2015 submitted its unaudited 4th quarter results ended 31 December 2014 (“4Q2014 Results”) to Bursa Malaysia Securities Berhad (“Bursa Securities”). The Company has on 5 May 2015 submitted its Audited Financial Statements for the financial year ended 31 December 2014 (“AFS 2014”) to Bursa Securities. 2.         DEVIATION BETWEEN UNAUDITED RESULTS AND THE AUDITED FINANCIAL RESULTS In compliance with Paragraph 9.19(35) of the Main Market Listing Requirements of Bursa Securities, the Board of ITCB wishes to inform that there is a deviation of about 320% between the Group’s profit after tax and minority interest as stated in the 4Q2014 Results announced on 27 February 2015 and the AFS 2014. The deviation is reconciled and explained as follows :- AFS 2014 (RM’000) 4Q2014 Results (RM’000) Variance (RM’000) Profit/(Loss) after tax and minority interest for the year (6,155) 2,792 (8,947) The major causes of the variances between the 4Q2014 Results and the AFS 2014 are as follows :- Items RM’000 Reclassification of R&D from other receivable in cost of sales 336 Reversal of provision of profit guarantee to goodwill in other income (2,181) Impairment of trade receivables (5,799) Impairment of other receivables (825) Impairment of goodwill (125) Adjustment of R&D expenses (346) Adjustment arising from minority interest (7) Total (8,947) This announcement is dated 5 May 2015.

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS
Description	RECURRENT RELATED PARTY TRANSACTIONS ENTERED INTO BY ZOOMIC AUTOMATION (M) SDN BHD, A WHOLLY OWNED SUBSIDIARY COMPANY OF IRE-TEX CORPORATION BERHAD (ITCB or the Company) WITH:-(1)        ZESTEK INTEGRATION SDN BHD ("ZI")(2)        FSP BUSINESS LINK SDN BHD ("FSP")
We refer to the Company’s announcement on 29 April 2015, Bursa Malaysia Securities Berhad’s (“Bursa Securities”) query on 5 May 2015 and the Company’s reply to Bursa Securities’s query on 6 May 2015. With reference to the Company’s reply to Bursa Securities on 6 May 2015, the Company wishes to provide the following additional information: 1)   The reconciliation of the Impaired Debts amount to the actual RRPTs are set out in Attachment 1. 2)   The Company wishes to clarify that there was a typographical error in the reply to question 2 and the reply should read as follows: The Board of ITCB formed the opinion based on the weak financial position of ZI and FSP and hence it was prudent to impair the debts. The Board formed the opinion after obtaining a summary of the latest financial position of ZI and FSP from a search conducted at the Companies Commission of Malaysia. 3)    The Vendors have paid RM2.5 million out of the total Profit Guarantee to ITCB on 27 April 2015. 4)    Based on the Sale & Purchase Agreement with the Vendors, the balance of the profit guarantee compensation should be paid by the Vendors within 7 days upon receipt of a demand from ITCB. 5)    The adjustment for reversal of DTA (Deferred Tax Asset) amounting to RM4,249,000 in year 2013 as set out in Attachment 1 in the reply to Bursa Securities on 6 May 2015 was in accordance with the terms of the Sale and Purchase Agreement dated 18 November 2013 between the Vendors and ITCB whereby the 2013 Profit After Tax of Zoomic Automation (M) Sdn. Bhd. (“ZASB”) and Zoomic Technology (M) Sdn. Bhd. (“ZTSB”) was defined / interpreted as follows: “2013 PAT”          Audited after tax profit of the ZASB and ZTSB for the 2013 Financial Year (which, for the avoidance of doubt, shall exclude any gains or losses resulting from reversal(s) of provision for doubtful debts, recovery of bad debts written off or reversal(s) of any deferred tax asset(s), if any)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4731473

Attachments Attachment 1-Reconciliation of ZASB RRPT.xls

icy97

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-07052015-00002
Subject	DEVIATION BETWEEN UNAUDITED RESULTS AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
Description	IRE-TEX CORPORATION BERHAD (ITCB OR THECOMPANY) DEVIATION BETWEEN UNAUDITED RESULTS AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
Further to the Company’s announcement on 5 May 2015 and Bursa Malaysia Securities Berhad’s query on 7 May 2015, Ire-Tex Corporation Berhad wishes to provide the following additional information: The major causes of the variances between the 4Q2014 Results and the AFS 2014 are as follows:- Items RM’000 Reclassification of R&D from other receivable in cost of sales 636 Reversal of provision of profit guarantee to goodwill in other income (2,481) Impairment of trade receivables (5,799) Impairment of other receivables (825) Impairment of goodwill (125) Adjustment of R&D expenses (346) Adjustment arising from minority interest (7) Total (8,947) 1)   Nature of the R&D expenses and the reason for the reclassification to cost of sales.       The R&D expenditure in cost of sales was reclassified as admin expenses. 2)   Background information on the transaction / asset for which the profit guarantee relate to, and the reason for the reversal.             The profit guarantee was   given by the Vendors of Zoomic Automation (M) Sdn Bhd (ZASB) and Zoomic Technology (M) Sdn Bhd (ZTSB) arising from the sale of their shares in ZASB and ZTSB to ITCB. The profit guarantee due from the Vendors amounting to RM2.481 million was recognized as other income in the 4Q2014 results but subsequently this profit guarantee figure was used to contra off the initial cost of investment in ZASB and ZTSB in the final audited accounts of ITCB. 3) Nature of the trade receivables, other receivables and goodwill subject to impairment and the basis to impair these items. The amount of trade receivable impaired amounting to RM5.799 million relates to Impaired Debts arising from recurrent related party transactions of ZASB which is detailed in the announcement on 29 April 2015 and follow up replies to queries explanations announced on 6 May 2015 and 8 May 2015. The amount of other receivable impaired amounting to RM825,000 relates to cancellation penalty arising from cancellation of purchase of machinery from a supplier subsequent to year end. However, the cancellation penalty has been taken up in the audited financial statements. Goodwill in investment in subsidiary company amounting to RM125,000 was impaired. 4)   To be more specific on the adjustment of the R&D expense

icy97

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-07052015-00003
Subject	Qualified Opinion on the Audited Financial Statements for the financial year ended 31 December 2014
Description	Qualified Opinion on the Audited Financial Statements for the financial year ended 31 December 2014
Further to the Company’s announcement on 5 May 2015 and Bursa Malaysia Securities Berhad’s query on 7 May 2015, Ire-Tex Corporation Berhad (the “Company” or “ITCB”) wishes to provide the following additional information: 1)   Full details of the transactions or agreements as stated under the “Basis for Qualified Opinion” and “Emphasis of Matter”. 1.1     The transactions referred to in the “Basis for Qualified Opinion” in the Independent Auditors’ Report on the audited financial statements of ITCB for the financial year ended 31 December 2014 (“Auditors’ Report”) were in respect of recurrent related party transactions entered into by a wholly owned subsidiary company, Zoomic Automation (M) Sdn Bhd (“ZASB”) and two related parties, Zestek Integration Sdn Bhd (“ZI”) and FSP Business Link Sdn Bhd (“FSP”), and the impairment of the trade receivables due from these two parties arising from the sales and advances made to the parties. Details and further explanations relating to these transactions have been announced by ITCB on 29 April 2015, 6 May 2015 and 8 May 2015. 1.2     In the Auditors’ Report, the Auditors highlighted the following two matters under “Emphasis of Matter”: Agreement between ZASB with a supplier Future Rank Sdn. Bhd. (“FR”) for the purchase of machinery amounting to RM16.5 million; and Agreement between ITCB with a supplier Midstream Resources Sdn. Bhd. (“MR”) for the implementation of a Lean Manufacturing Program amounting to RM2.0 million. Agreement with FR 1.3     On 3.6.2014 ZASB entered into an agreement with FR (“FR Agreement”) for the supply, installation and maintenance of the following plant and equipment: a)      Fully automated wooden pallet nailing system (RM4m) Wooden pallet vision inspection scanning system Automated stacker system b)      Automated conveyor system (RM3.5m) c)      Laminating and folding machine (RM4m) d)      Flat-bed corrugated carton sheet cutting system (RM 1.25m x 4 = RM5m) 1.4     The FR Agreement provided for the payment of a refundable deposit of RM12m immediately upon confirmation of the purchase order with the balance of RM4.5m payable within 30 days of the delivery and installation of the plant and equipment and production qualification certified by ZASB or its production engineer. ITCB has made payments totalling RM12m to FR. 1.5     On 15.9.2014, FR issued to ITCB a payment in respect of a refund of RM5m due to the cancellation of the flat-bed corrugated carton sheet cutting system. 1.6     On 9.1.2015, FR indicated that it was agreeable to cancel the purchase order for machinery and equipment under the FR Agreement and to assign the RM11.5m paid contract sum, less a cancellation penalty (5% x RM16.5m = RM825.000), to its sub-contractor, Sanjung AMS Sdn. Bhd (“AMS”). 1.7     On 5.2.2015, an agreement (the "AMS Agreement") was entered into between ITCB, FR and AMS for the upgrading of the following plant and equipment: a)    Gluing machine replacement b)  Printing machine line c)  Line forming machine d)  Die cutting machine reconditioning 1.8     The AMS Agreement provided for a total consideration of RM15,986,900, of which RM10.675m was to be paid by assignment by FR and RM5,311,900 to be paid in cash by ITCB. Of the cash portion, RM1.5m would be paid upon execution and RM3,811,900 upon delivery and installation of the plant and equipment and production qualification certification by ITCB or its production engineer. 1.9     On 6.2.2015, an assignment agreement (the "Assignment Agreement") was entered into between FR, AMS and ZASB for the assignment of progress payments of RM10.675m from FR to AMS. Agreement with MR 1.10   On 6.6.2014 ITCB entered into an agreement with MR (the “MR Agreement”) for the provision of a technical consultancy for the implementation of a Lean Manufacturing Program ("LMP") in order to improve ITCB's operational efficiency and effectiveness. The MR Agreement provided for a RM1.5m advance payment within 30 days followed by a final payment of RM500,000 at the end of two years. RM1.5m had been paid to MR for the LMP pursuant to the MR Agreement of which RM500,000 had been expensed out in the financial statements for 2014. 2)   Steps or proposed steps to be taken by the Board of Directors of Ire-Tex Corporation Berhad to address the issues raised by the external auditor. 2.1 The Board of ITCB will take action to recover the difference between the warranted profit after tax (“PAT”) of ZASB and Zoomic Technology (M) Sdn Bhd (“ZTSB”) and their actual results from the vendors of ZASB and ZTSB (“Vendors”) in accordance with the terms of the profit guarantee given by the Vendors in the Sale and Purchase Agreement between the Vendors and ITCB. The amount to be recovered is RM8,815,113 out of which RM2,500,000 has been received on 27 April 2015. 2.2  The Board of Directors had been advised by legal counsel to conduct a detailed investigation into the transactions highlighted under “Emphasis of Matter” in the Auditors Report. The Board is taking the necessary steps in this direction and an announcement will be made in due course. 3)   Whether there is any financial, legal or operational impact to the Group arising from the aforesaid transaction / agreements. Financial Impact 3.1  There is no financial impact expected from transactions with ZI and FSP in 2015. 3.2 The Financial impact arising from transactions highlighted under “Emphasis of Matter” in the Auditors’ Report are as follows:- i)    Agreement for the upgrading of plant and equipment In the event that the new supplier is unable to fulfil its performance obligations under the upgrading of plant and equipment agreement and the company is unable to recover back the refund of the payment made to the initial supplier amounting to RM10.675m, ITCB Group will be subject to a financial impact of RM10.675m for the impairment of advance payment made to the initial supplier. ii)    Agreement for the implementation of a Lean Manufacturing program In the event that the supplier is unable to complete its performance obligations under the implementation of Lean Manufacturing Program agreement and the company is unable to recover back the refund of the advance payment made to the supplier amounting to RM1.0 million, ITCB Group will subject to a financial impact of RM1.0m for the impairment of advance payment made to the supplier. Legal Impact 3.3  The Company’s legal adviser has advised the Board of Directors to set up an Independent Investigation Committee to carry out a full investigation on transactions highlighted under Emphasis of Matter in the Auditors’ Report.                                                                                                                                                                              Operational Impact 3.4  The upgrading of plant and equipment was intended to enhance the operational capacity of ITCB Group. Should the new supplier be unable to fulfil its performance obligations under the agreement, the intended objective of ITCB Group may not be achieved. 3.5  The technical consultancy for the implementation of the Lean Manufacturing Program was to improve ITCB Group's operational efficiency and effectiveness. Should the consultant be unable to complete its performance obligations under the implementation of Lean Manufacturing Program, ITCB Group may not be able to achieve its objective to improve its operational efficiency and effectiveness.

icy97

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-13052015-00002
Subject	Qualified Opinion on the Audited Financial Statements for the financial year ended 31 December 2014
Description	Qualified Opinion on the Audited Financial Statements for the financial year ended 31 December 2014
Further to Ire-Tex Corporation Berhad’s (the “Company” or “ITCB”) announcement on 5 May 2015, Bursa Malaysia Securities Berhad’s (“Bursa Securities”) query on 7 May 2015 and ITCB’s reply on 11 May 2015 and Bursa Securities’ query on 13 May 2015, the Company wishes to reply as follows: 1)     The proposal by AMS to the Board of Directors rationalised that with the upgrading of the plant and equipment, the factory would be able to benefit from: a)    Better quality control with lower rejection rate b)    Up to 300% improvement in overall equipment effectiveness, and c)    Lower operating cost with less human intervention thus reducing headcount on the plant floor. 2) Based on a search carried out at the Companies Commission of Malaysia, AMS was incorporated in Malaysia on 8 May 2013 under the Companies Act, 1965. The authorized share capital of AMS is currently RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each of which RM2.00 consisting of 2 ordinary shares of RM1.00 each have been issued and fully paid-up. The Directors and shareholders of AMS are as follows: - Directors 1.    Lee Seik Fun 2.    Chan Hong Wai Shareholders No. of shares held in AMS Percentage (%) Chua Chian Lee 1 50 Lee Seik Fun 1 50 Total 2 100 Based on the profile provided by AMS to the Company, the principal activity of AMS is providing turnkey solution for industrial automation, providing upgrade for legacy/brownfield project and providing maintenance solution and repair services.     Based on the profile provided by AMS to the Company, the key stakeholders of AMS have between 15-20 years of experience in industrial automation specializing in programmable logic control, drive and Scada solutions and they have experience in providing services and turnkey solution to both local and multi-national companies. 3) AMS has confirmed via its letter dated 21 April 2015 to ITCB that it will proceed with the execution of the project with immediate effect. AMS has confirmed that it should complete the upgrading works within 4 months subject to timely approval of drawings or documents from ITCB. 4) The machinery was to be used by ITCB Group and was to be built by Zoomic Automation (M) Sdn Bhd (“ZASB”).  Although ZASB has the technical expertise to produce the machinery and equipment, ZASB’s management was busy with their expansion into the LED market and did not have the resources to design and build the machinery and equipment at that time. Hence, ZASB decided to outsource the project to FR. Former Directors had represented to the Board that the machinery outsourced to FR would automate certain labour intensive work in pallet making and corrugator and carton manufacturing operations thereby enabling ITCB Group to save on labour cost, improve efficiency by saving time as well as cut down on space utilization at the factory. However, due to the failure of ZASB and its supplier FR to deliver the project, a former director of the Company had decided to terminate the agreement with FR and appoint AMS to upgrade the Company’s plant and machinery instead. As noted in paragraph 1, the proposal by AMS to the Board of Directors rationalised that the upgrading of the plant and equipment would enable the factory to benefit from better quality control, improvement in overall equipment effectiveness and lower operating cost with less human intervention thus reducing headcount on the plant floor although it would be in a different area of ITCB’s operation i.e. in corrugator manufacturing operations. 5) The machinery to be purchased from FR were unrelated to the plant and equipment to be upgraded by AMS. The machinery to be purchased from FR were as follows: Description of machinery Purpose a) Fully automated wooden pallet nailing system Automate a manual-based pallet making system in order to reduce labor cost Wooden pallet vision inspection scanning system Computerised vision system to improve early detection of pallet rejects and reduce finished good rejects. Automated stacker system Automate manual-based pallet stacker system to reduce labor cost and improve efficiency b) Automated conveyor system Computerised conveyor for pallet to reduce labor cost and improve efficiency c) Laminating and folding machine Automated lamination and folding of cartons to reduce labor cost and improve efficiency d) Flat-bed corrugated carton sheet cutting system Automated sheet cutting of corrugator paper to cater for more orders received from customers and to increase capacity The plant and equipment to be upgraded by AMS, all of which relates to corrugator manufacturing, are as follows: Description of machinery Purpose a) Gluing machine replacement Upgrading to increase efficiency/throughput of gluing process b) Printing machine line Computerised printing to increase efficiency/throughput c) Line forming machine Automating forming machine to increase efficiency/throughput d) Die cutting machine reconditioning Computerised cutting process to reduce labor costs 6)     Due to the failure of ZASB and its supplier FR to deliver the new machinery and equipment, a former director of the Company had decided to terminate FR and appoint AMS to upgrade the Company’s plant and machinery instead.

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财报遭“保留意见” 爱尔德斯委国际顾问调查

财经新闻 财经  2015-05-28 11:45
（居林27日讯）由于爱尔德斯（IRETEX，7183，主板工业产品股）2014财年财报遭审计师给予“保留意见”（Qualified Opinion），因此，该公司将委任国际顾问调查相关事件。

据《The Edge》报道，执行董事赖志权（译音）昨天在记者会上指出，该公司将于周五（29日）进行董事会议，接着向马交所报备，再公布将委任的国际顾问的名字。

爱尔德斯于本月5日宣布，其外部审计师Messrs UHY对公司2014财年业绩发表“保留意见”。由于爱尔德斯向独资子公司Zoomic自动化（马）私人有限公司订购机械的交易模糊，引起审计师的关注。

爱尔德斯早前耗资1650万令吉，向Zoomic自动化购买机械，但随后终止500万令吉的订单，因此造成机械的开销仅需1150万令吉，造成审计师担忧母公司能否向Zoomic自动化收回部分已花费的开销。【南洋网财经】

icy97

迈入成立20周年 爱尔德斯包装业再创佳绩

财经新闻 财经  2015-05-29 11:11
（居林28日讯）爱尔德斯（IRETEX，7183，主板工业产品股）于1995年在大马开业，今年踏入20周年，这家一站式工业包装的跨国集团，对包装市场的前景充满信心，坚信公司来年营业额可创下佳绩。

经过20年来的奋斗，公司不只在吉隆坡及柔佛有分公司，在中国和印尼也分别有两家及一家分公司。

集团董事经理拿督叶达杰博士说，该公司未来方向还是专注四大领域，分别是太阳能业、航空业、医疗业及音响业，因为些领域的未来发展将直接引领包装业增长。

叶达杰日前在记者会上指出，由于全球都讲求绿化，因此看好太阳能领域。

陪同出席记者会者，还包括执行董事黎志传。

“太阳是免费的，有这些能源为何舍而不用？我看好太阳能将会大行其道。”

在爱尔德斯的客户中，太阳能领域就贡献了55%营业额。

“至于航空业客户，由于要求严格，我们的研发部足以应付，因此有信心营业额会攀升。”

目前，爱尔德斯的总公司已经乔迁至居林，占地11.7英亩，是国内最大厂房，目前已投产；加上吉隆坡及柔佛分公司，因此能够全面照顾客户需求。

由于公司成立20周年又适逢总公司新厂启用，因此定于本月30日上午11时举行新厂启用礼，并邀请吉打州务大臣拿督斯里慕克力主持开幕，当晚也将在槟城贵都酒店欢庆成立20周年晚宴。【南洋网财经】

icy97

EX-date	02 Jun 2015
Entitlement date	04 Jun 2015
Entitlement time	05:00 PM
Entitlement subject	Loan Stock Interest
Entitlement description	First Interest payment on Five (5)-Year 1% per annum Irredeemable Convertible Unsecured Loan Stocks ("ICULS") of nominal value of RM0.075 each
Period of interest payment	11 Jun 2014   to   10 Jun 2015
Financial Year End	31 Dec 2015
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	AGRITEUM SHARE REGISTRATION SERVICES SDN BHD (578473-T)2nd Floor, Wisma Penang Garden42, Jalan Sultan Ahmad Shah10050 PenangTel:04-2282321Fax:04-2272391
Payment date	10 Jun 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	04 Jun 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Percentage
Entitlement in Percentage (%)	1.0000
Par Value	Please Select

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Date of change	29 May 2015
Name	Mr SOO TEE WEI
Age	40
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Independent Director
New Position	Executive Director
Directorate	Executive
Qualifications	Diploma in Information Technology (IT) and Certificate in Financial Planning.
Working experience and occupation	He has many years of experience in IT industry. His expertise includes implementation of highly effective web applications, marketing and cost-effective management of innovative customer and technical support strategies.His proven ability is to successfully analyze an organization's online presence and branding requirements, identify deficiencies and potential opportunities, and develop innovative solutions for increasing online branding and improving productivity.From 2003 to 2006, he was an associate partner of an independent financial advisor firm where he was responsible to provide training on IT and website marketing.During his tenure with Grow IT Marketing from 2007 to 2012, he was a Search Engine Optimization Specialist cum Website Developer. His responsibility was to manage more than 50 websites. He was contracted to manage a local listed companys website development and online marketing, a top trucks seller companys website and a top retread tyres manufacturer in

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	31,799	23,025	31,799	23,025
2	Profit/(loss) before tax	-2,413	7,268	-2,413	7,268
3	Profit/(loss) for the period	-2,640	7,231	-2,640	7,231
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,620	7,137	-2,620	7,137
5	Basic earnings/(loss) per share (Subunit)	-2.14	15.18	-2.14	15.18
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6139		0.6326

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Date of change	01 Jun 2015
Name	Mr LAI SOON ONG
Age	33
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer
Qualifications	Bachelor of Art (Honours) in Accounting and Finance, Association of Chartered Certified Accountants (ACCA) and Malaysian Institute of Accountants (MIA)
Working experience and occupation	November 2012 to May 2015Organisation: Malaysia Pacific Corporation BerhadLast position held: Group Financial ControllerMay 2010 to May 2012Organisation: Landmarks BerhadLast position held: Finance ManagerAugust 2009 to April 2010Organisation: Accenture Solutions Sdn BhdLast position held: General Accounting Team LeadJuly 2005 to June 2009Organisation: KPMGLast position held: Audit Senior

Date of change	01 Jun 2015
Name	Mr TAN SIEW HOOI
Age	45
Nationality	Malaysia
Type of change	Cessation Of Office
Designation	Chief Financial Officer
Reason	Transfer to other division
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Qualifications	Association of Chartered Certified Accountants (ACCA)Master in Business Administration (MBA)
Working experience and occupation	Joined Ire-Tex Corporation Berhad in 2001 as Accountant. Previously he worked in audit firms as audit assistant to audit semi-senior from 1990 to 1997 and as an accountant in a local factory from 1997 to 2001.
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	250 units of ordinary shares of RM0.40 each

icy97

2交易遭审计师“保留意见” 爱尔德斯委调查会计师

财经新闻 财经  2015-06-13 10:51
（吉隆坡12日讯）爱尔德斯（IRETEX，7183，主板工业产品股）宣布，委任Ferrier Hodgson MH公司为调查会计师，调查之前遭审计师发表“保留意见”的两项交易。

上月初，外部审计师Messrs UHY认为，独资子公司Zoomic自动化（马）私人有限公司与两家相关企业的交易中，有500万令吉的应收账款和80万令吉的预付款项，被列为减值亏损，但却没有充足证据。

根据昨天的文告，这一宗交易是Zoomic先与供应商Future Rank签约，以1650万令吉购买机械，后再与另一家供应商Sanjung AMS签约，以1600万令吉升级现有设备。

第二宗交易为爱尔德斯与供应商Midstream资源的精益生产项目，总值200万令吉。

若有实质发展再公布

该公司表示，新委任的调查会计师，将会调查上述交易，若有实质发展会再公布。【南洋网财经】

Type	Announcement
Subject	OTHERS
Description	Appointment of Investigative Accountant
Reference is made to Ire-Tex Corporation Berhad’s (“ITCB” or “the Company”) announcement on 5 May 2015 and replies to Bursa Malaysia Securities Berhad’s (“Bursa Securities”) query letter on 11 May 2015 and 20 May 2015 with regards to the Qualified Opinion issued by the Company’s auditors on the Audited Financial Statements for the financial year ended 31 December 2014. The auditors had emphasised the following two (2) transactions in their report for the Audited Financial Statements: a)    Agreement between the Company’s wholly owned subsidiary Zoomic Automation (M) Sdn Bhd (“ZASB”) with a supplier, Future Rank Sdn Bhd ("FRSB") for the purchase of machinery amounting to RM16.5 million. Subsequently, the Group entered into an agreement with a separate supplier, Sanjung AMS Sdn Bhd (“AMS"), to revamp and upgrade the existing machines amounting to RM16.0 million. The Group also entered into a tripartite agreement to assign the debt of RM10.7 million owing from the initial supplier FRSB to AMS. The debt of RM10.7 million is derived from RM11.5 million less a cancellation penalty of RM0.8 million; and b)    Agreement between ITCB with a supplier, Midstream Resources Sdn Bhd (“MRSB") for the implementation of Lean Manufacturing program amounting to RM2.0 million. The Board of Directors of ITCB had sought legal advice on the agreements and subsequent transactions made between ZASB, FRSB, ITCB, MRSB and AMS and was advised to conduct detailed investigation on the said transactions. The Board of Directors wishes to inform that the Company had on 10 June 2015 appointed Ferrier Hodgson MH Sdn Bhd as Investigative Accountant (“IA”) to conduct a thorough review of the transactions made between ZASB, FRSB, ITCB, MRSB and AMS. The Board of Directors will provide an update to the shareholders should there be any material development on the above matters.

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Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-15062015-00002
Subject	Appointment of Investigative Accountant ("IA")
Description	Appointment of Investigative Accountant ("IA")
Query Letter Contents	We refer to your Company’s announcement dated 11 June 2015, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1) To provide the details of scope of work of Ferrier Hodgson MH Sdn Bhd (“FHMH”) as the IA. 2) To provide a tentative date for FHMH to complete its investigation work. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Further to the Company’s announcement on 11 June 2015 and Bursa Malaysia Securities Berhad’s query on 15 June 2015, Ire-Tex Corporation Berhad wishes to provide the following additional information: 1.    The scope of work of Ferrier Hodgson MH Sdn Bhd (“FHMH”) as the IA in general covers the following: 1)    To understand the background, business activities and operations of Ire-Tex Corporation Berhad (“ITCB”), Zoomic Automation (M) Sdn. Bhd. (“ZASB”) and Zoomic Technology (M) Sdn. Bhd. (“ZTSB”); 2)    To understand the Acquisition of ZASB and ZTSB; 3)    To understand the Rights Issue of Irredeemable Convertible Unsecured Loan Stocks ("ICULS") with warrants undertaken by ITCB in year 2014; 4)    To understand the ITCB Group's procurement and payments policy/ standard operating procedures; 5)    To review the financial records of ITCB, ZASB and ZTSB for the financial year 2013 to 2015; 6)    To review the Company's secretarial records; 7)    To review the agreement entered into by ZASB with Future Rank Sdn. Bhd (“FRSB”) for the purchase of machinery amounting to RM16.5 million and the payments made to FRSB ("FRSB Transaction"); 8)    To review the supporting documents in connection to FRSB Transaction; 9)    To review the tripartite agreement entered into by ZASB, FRSB and Sanjung AMS Sdn. Bhd. (“AMS”) in relation to the assignment of the FRSB Transaction and debts to AMS ("AMS Transaction"); 10)    To review the supporting documents in connection to AMS Transaction; 11)    To conduct background searches on ZASB, ZTSB, FRSB and AMS; 12)    To identify parties involved in the FRSB Transaction and AMS Transaction; 13)    To identify any irregularities in the FRSB Transaction and AMS Transaction; 14)    To ascertain whether the FRSB Transaction and AMS Transaction were in the best interests of ZASB; 15)    To review the agreement entered into by ITCB with Midstream Resources Sdn. Bhd. (“MRSB”) for the implementation of Lean Manufacturing program amounting to RM2.0 million and payments to MRSB ("MRSB Transaction"); 16)    To review the supporting documents in connection to MRSB Transaction; 17)    To conduct background searches on MRSB; 18)    To identify parties involved in the MRSB Transaction; 19)    To identify any irregularities in the MRSB Transaction; 20)    To ascertain whether the MRSB Transaction was in the best interests of ITCB; 21)    To review the transactions and payments made in regard to the construction of ITCB's new premises in Kulim Industrial Estate ("Construction of New Premises"); 22)    To review the supporting documents in connection to the Construction of New Premises; 23)    To identify any irregularity in the Construction of the New Premises; 24)    To ascertain whether the Construction of New Premises was undertaken in the best interests of ITCB; 25)    To review the Anonymous Letter; 26)    To ascertain whether the allegations are conclusive and supported; 27)    To ascertain whether the parties involved may have breached their fiduciary duties; 28)    To report to the Board on the IA’s findings of the above review. 2.    FHMH is expected to complete its investigation work and submit the first draft of the IA’s report to the Board of Directors of ITCB within eight weeks from the date of appointment.

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Date of change	29 Jun 2015
Name	DATO' DR YAP TATT KEAT
Age	49
Nationality	Malaysia
Designation	Managing Director
Directorate	Executive
Type of change	Retirement
Qualifications	He graduated with a Bachelor of Science Degree in Business Administration from Ohio State University, Columbus, Ohio, US in 1989. In 2001, he obtained Doctorate in Business Entrepreneurship from Ansted University, United Kingdom.
Working experience and occupation	Upon his graduation from Ohio State, he was in employment with General Electronics (Malaysia) Sdn Bhd, Sony Electronics (Malaysia) Sdn Bhd and Franklin Porcelain Sdn Bhd. He has valuable experiences in the electronics industry gained from his previous employments.In 1992, he left to set up Phoenix Base Sdn Bhd, a company engaged in the manufacture of polyurethane foam. In 1995, he joint ventured with Austin Foam Plastics Inc from United States and ILP Group Limited from Ireland to establish Ire-Tex (Malaysia) Sdn Bhd. He has developed Ire- Tex Group to become a leading protective packaging solution provider in Asia Pacific Region.
Family relationship with any director and/or major shareholder of the listed issuer	NIL
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest - 14,535,887 ordinary shares of RM0.40 each.

Date of change	29 Jun 2015
Name	DATO DR YAP TATT KEAT
Age	49
Nationality	Malaysia
Designation	Managing Director
Directorate	Executive
Type of change	Others
Description	Appointment
Qualifications	He graduated with a Bachelor of Science Degree in Business Administration from Ohio State University, Columbus, Ohio, US in 1989. In 2001, he obtained Doctorate in Business Entrepreneurship from Ansted University, United Kingdom.
Working experience and occupation	Upon his graduation from Ohio State, he was in employment with General Electronics (Malaysia) Sdn Bhd, Sony Electronics (Malaysia) Sdn Bhd and Franklin Porcelain Sdn Bhd. He has valuable experiences in the electronics industry gained from his previous employments.In 1992, he left to set up Phoenix Base Sdn Bhd, a company engaged in the manufacture of polyurethane foam. In 1995, he joint ventured with Austin Foam Plastics Inc from United States and ILP Group Limited from Ireland to establish Ire-Tex (Malaysia) Sdn Bhd. He has developed Ire- Tex Group to become a leading protective packaging solution provider in Asia Pacific Region.
Family relationship with any director and/or major shareholder of the listed issuer	NIL
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest - 14,535,887 ordinary shares of RM0.40 each.

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Date of change	29 Jun 2015
Name	MR KONG HON KAY
Age	47
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	Bachelor of Laws (2nd Class Honours), Kings College, University of LondonExempt Dealer License, Securities Commission
Working experience and occupation	January 2013 to March 2015 - CEO of VW Win Holdings Plc. (Camloto) CambodiaJanuary 2010 to December 2012 - Executive Director(Corporate Finance) of Transpacific Group / Executive Advisor of Transpacific Securitas January 2007 to December 2009 - Head / Executive Director of Corporate Finance and Business Development of Tiong Nam Holdings Bhd.January 1997 to December 2006 - Head of Sales and Marketing for Share Financing Department Alliance Bank , Head of Cross Selling Team , Alliance Investment Bank(Corporate Banking , Treasury , Bonds , Commercial Papers and Structured products)

icy97

包装服务需求增 爱尔德斯营业额上看30%

财经新闻 财经  2015-07-01 12:26
（乔治市30日讯）瓦楞纸包装服务供应商爱尔德斯（IRETEX，7183，主板工业产品股）预计，2015财年的营业额可取得近30%增长。

去年，该公司共录得1亿820万令吉的营业额。

爱尔德斯甫上任的董事经理拿督叶达杰博士，放眼本财年可取得1.3亿令吉的营业额，明年则是1.5亿令吉。

他看好增长将由包装服务的需求增长所推动，因跨国企业正受惠于令吉贬值的优势。

“令吉贬值促使跨国企业加速生产和拓展营运，因此，出口活动的包装需求也趋高，作为支援行业的我们也受惠。”

叶达杰昨天在股东大会结束后，对媒体发表谈话。

脱售非核心业务

至于净利增长，他则表示，营运赚幅可能有所改善，且在营运整合和节本的措施下，预计会在明年转盈。

截至3月31日首季，该公司税前亏损为240万令吉；去年同期乃赚726万令吉。

叶达杰说，公司计划脱售非核心业务，并巩固包装业务，特别是太阳能电池板、航空航天和电子领域。

“我们从一家区域太阳能电池板制造商和多家航空航天业者手中，得到总值6000万令吉的订单。”

获720万美国订单

一家国内的美国跨国企业，也捎来720万令吉的订单，主要是为音响产品供应刚性箱（rigid box）。

爱尔德斯接获许多关于刚性箱服务的询问，虽然这是个新业务，但他看好这领域会在未来三年逐步增长，料贡献20%至25%的营业额。

爱尔德斯是在昨天宣布，委任联合创办人叶达杰为董事经理。

根据文告，叶达杰毕业于美国俄亥俄州立大学，获得工商管理学士学位，随后在英国Ansted大学取得企业创业博士学位。

他在1995年，与美国Austin Foam Plastics公司和爱尔兰ILP集团，共同创立爱尔德斯（大马）私人有限公司。

目前，叶达杰直接持有爱尔德斯1453万5887股。【南洋网财经】

icy97

叶达杰接受挽留 重掌爱尔德斯

财经新闻 财经  2015-07-03 10:27
（吉隆坡2日讯）爱尔德斯（IRETEX，7183，主板工业产品股）澄清，拿督叶达杰是经过各方挽留后，决定延后提早退休计划，重掌董事经理一职。

根据文告，叶达杰原定在周一（6月29日）提早退休，因此他并未在股东大会上，寻求连任董事经理。

不过，银行、客户和供应商等关键利益相关者，对叶达杰离职感到担忧，因而挽留他。

所以，为了爱尔德斯的利益，叶达杰决定重掌董事经理，直至公司找到接班人。【南洋网财经】

Type	Announcement
Subject	OTHERS
Description	Ire-Tex Corporation Berhad ("the Company") - Clarification on retirement of Dato Dr Yap Tatt Keat (Dato Dr Yap) as Managing Director and his subsequent re-appointment on the same day
Reference is made to the Company’s announcement on 29 June 2015 in relation to the retirement of Dato’ Dr Yap Tatt Keat (“Dato’ Dr Yap”) as Managing Director and his subsequent re-appointment on the same day. The Board of Directors wishes to inform that Dato’ Dr Yap had expressed his intention for early retirement effective from 29th June 2015, post the Company's 13th Annual General Meeting (“AGM”) after 20 years of service with the Ire-Tex Group. Hence, he did not offer himself for re-election at the AGM. However, due to concerns raised by key stakeholders namely bankers, customers and suppliers, to Dato’ Dr Yap's unexpected early retirement, the Board of Directors had persuaded Dato’ Dr Yap to defer his retirement plans. Consequently, in the best interest of Company, Dato’ Dr Yap had accepted his re-appointment as Managing Director of the Company in the Board meeting held immediately after the AGM. As such, he will remain in the Board until a succession plan is put in place. This announcement is dated 2 July 2015.