According to reminsier, finally the ungrateful culprit is being suit. Police, IRB and SC finally knows the truth and heard all bank account and assets with the criminal name or relatives will be confiscated.
IRE-TEX CORPORATION BERHAD
Type Announcement Subject MATERIAL LITIGATION Description
IRE-TEX CORPORATION BERHAD ("Ire-Tex" or "the Company") - Writ of Summons and Statement of Claim by Ire-Tex against Teh Eng Huat and Khoo Hun Sniah in the High Court of Malaya at Penang (Civil Suit No.: 22NCVC-166-10/2015)
For consistency, the abbreviations and capitalized terms used throughout this announcement shall have the same meanings as defined in the announcement dated 6 November 2015 in relation to material litigation, where applicable, unless stated otherwise or defined herein.
Further to the Company's announcement made on 6 November 2015, the Board of Directors of the Company wishes to inform that on 12 November 2015, Ire-Tex vide its solicitors had attended the case management before the Senior Assistant Registrar.
In the case management, the Senior Assistant Registrar gave the following directions to the parties in respect of the filing of pleadings:
Both the Defendants are to file their respective defences by 26 November 2015; The Plaintiff’s reply is to be filed by 10 December 2015, and if there is a counterclaim by any of the Defendants, the Plaintiff’s defence to counterclaim is to be filed together with the reply; and The Defendant’s reply to the Plaintiff’s defence to counterclaim is to be filed by 28 December 2015, which would mark the close of pleadings.
The above matter is fixed for further case management on 4 January 2016.
Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.
Looks good but depends. Lost making stock change to profit making. Factory change to property company. No liquid go liquid. If Nexgram goes to high price, then good value.
ng taking over iretex certainly a prosperous move, personally know of the gem existence, will disclose when ................................................kikikikikikiki
OPPORTUNITY NOWWWWWWWWWWWWW....$$$$$ IN ORDER TO EXCHANGE 4 NEXGRAM to 1 IRETEX , NEXGRAM SURE GOLENGGG to AT LEAST 10 SEN >> LUSTER SURE 10 SEN , WC 6 SEN , WB 5 SEN , WB 3 SEN
Investors love active stocks. Nexgram is among the healthy active stocks, too healthy it doesn't move too high or too low, but better than iretex which only moves down. If Nexgram becomes 15 cents which every year it did, Iretex will become 60 cents. Which I personally don't give any hope it could reach such price by itself. Pure speculation, my 2 cents.
if nexgram can trade at 9 sen, iretex should trade at 36 sen. This is because 1 iretex share = 4 nexgram shares under the proposed share swap exercise. Otherwise, is the market expecting the nexgram share to trade lower at 8 sen or below....????
red alert to Iretex Wa holder...run...run...current price overvalue.
VIA AN EQUITY SWAP BASED ON THE OFFER PRICES OF RM0.40 PER OFFER SHARE, RM0.01 PER OFFER WARRANT AND RM0.05 PER OFFER ICULS TO BE SATISFIED THROUGH THE ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN NEXGRAM (OR RM0.05 EACH AFTER THE IMPLEMENTATION THE PAR VALUE REDUCTION, AS DEFINED HEREIN) AT AN ISSUE PRICE OF RM0.10 EACH (“CONSIDERATION SHARES”), WHERE EACH HOLDER OF THE OFFER SECURITIES WHO ACCEPTS THE OFFER SHALL RECEIVE:-
(A) FOUR (4) CONSIDERATION SHARES FOR EVERY ONE (1) OFFER SHARE SURRENDERED;
(B) ONE (1) CONSIDERATION SHARE FOR EVERY TEN (10) OFFER WARRANTS SURRENDERED; AND
(C) ONE (1) CONSIDERATION SHARE FOR EVERY TWO (2) OFFER ICULS SURRENDERED
iretex n nexgram, up or down for short term speculators the results will be seen coming couples of days . short term speculators speculate on certain phenomenas and a few IF s. studying the counters in relation to the shares swap and its director mr tpy to predict if it is going to be successful is better than arguing for no reward
Yes I agree. Looks like some people mind koyak spoiled by some people. Who knows. 4 to 1, if 9c i buy and sell gain 4c. Over 12.5% profit. The less people know the better. Lets see lor.
it is important to see/predict with certain facts if the deal to go tru: 1. independent advisor of irextex. their advice important 2. egm of nexgram, most probably goes tru as the mr tpy is a major share holders 3. the advisor advice to iretex shares holders, 4. the market price of nexgram to maintain 5. mr tpy holding 23 % of iretex, nexgram needs 50% iretex shares holder to accept the offer. mr tpy agreed 6. some others we don't know. speculators sell if there is profit, don't bother and wait till final
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
legend
4,119 posts
Posted by legend > 2015-06-22 19:00 | Report Abuse
Harapan ini kali bukan angan kosong..haha