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OTHERS INDUSTRONICS BERHAD ("INDUSTRONICS" OR "COMPANY") - Proposed Capital Reduction Exercise by a Subsidiary

INDUSTRONICS BERHAD

Type Announcement
Subject OTHERS
Description
INDUSTRONICS BERHAD ("INDUSTRONICS" OR "COMPANY")
- Proposed Capital Reduction Exercise by a Subsidiary

Further to the announcement dated 29 September 2017 pertaining to the Proposed Capital Reduction Exercise by Sukitronic, the Board of Directors of IB wishes to inform that the proceeds from the Proposed Capital Reduction Exercise by Sukitronic of RM2,040,000.00 upon the completion of the exercise is expected to be utilised for salaries and wages, defined contribution plan and payment to suppliers within 6 months.

This announcement is dated 5 October 2017.






Announcement Info

Company Name INDUSTRONICS BERHAD
Stock Name ITRONIC
Date Announced 05 Oct 2017
Category General Announcement for PLC
Reference Number GA1-05102017-00083




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