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OTHERS INDUSTRONICS BERHAD ("IB" OR "COMPANY") DISPOSAL OF ENTIRE EQUITY INTEREST IN INDUSTRONICS CORPORATION LIMITED (ANNOUNCEMENT PURSUANT TO PARAGRAPH 9.19(24) OF MAIN MARKET LISTING REQUIREMENTS)

INDUSTRONICS BERHAD

Type Announcement
Subject OTHERS
Description
INDUSTRONICS BERHAD ("IB" OR "COMPANY") 
DISPOSAL OF ENTIRE EQUITY INTEREST IN INDUSTRONICS CORPORATION LIMITED (ANNOUNCEMENT PURSUANT TO PARAGRAPH 9.19(24) OF MAIN MARKET LISTING REQUIREMENTS)

The Board of Directors of the Company wishes to announce that IB had on 9 July 2015 entered into an Equity Transfer Agreement (“ETA”) with Acute Horizon Limited for the disposal of all the equity interest in Industronics Corporation Limited (“ICL”), a wholly-owned subsidiary of the Company for a total cash consideration of RM1.00 only (hereinafter referred to as “the Proposed Disposal”).

Please refer to the attachment for further details on the Proposed Disposal.

This announcement is dated 10 July 2015.




Please refer attachment below.



Announcement Info

Company Name INDUSTRONICS BERHAD
Stock Name ITRONIC
Date Announced 10 Jul 2015
Category General Announcement for PLC
Reference Number GA1-10072015-00006




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