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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY") - CONDITIONAL DEPOSIT AGREEMENT IN CONNECTION WITH THE PROPOSED SUBSCRIPTION OF SHARES IN VASHION GROUP LIMITED

INDUSTRONICS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY") 
- CONDITIONAL DEPOSIT AGREEMENT IN CONNECTION WITH THE PROPOSED SUBSCRIPTION OF SHARES IN VASHION GROUP LIMITED

Further to our announcements made on 11 July 2014, 10 October 2014, 6 January 2015, 31 March 2015, 1 July 2015, 3 July 2015, 30 September 2015 and 4 January 2016, the Board of Directors of Industronics wishes to announce that due to commercial reasons, Industronics and Vashion Group Limited (“Vashion”) have agreed to extend the validity of the Conditional Deposit Agreement in relation to the proposed subscription of shares in Vashion by way of private placement for such number of new ordinary shares in Vashion and at such price and on such terms as shall be agreed and documented in a Placement Agreement to be entered into between Vashion and the Company, by another three (3) months i.e. until 30 June 2016.

This announcement is dated 1 April 2016.






Announcement Info

Company Name INDUSTRONICS BERHAD
Stock Name ITRONIC
Date Announced 01 Apr 2016
Category General Announcement for PLC
Reference Number GA1-01042016-00009




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