News

Submission of Annual Audited Accounts Pursuant To Paragraph 9.23 of The Listing Requirement Of Bursa Malaysia Securities Berhad ('Bursa')

Pursuant to Paragraph 9.23(b) of the Bursa Malaysia Securities Berhad's ('Bursa Securities') Listing Requirements ('LR'), the Company is required to furnish its audited financial statements for the financial year ended 31 December 2007 ('Audited Financial Statements') to Bursa Securities for public release within a period not exceeding four (4) months from the close of the financial year, which is on or before 30 April 2008.

Pursuant to Paragraph 9.26 of the LR, the Board of Directors wishes to announce the following:-

(a) Industronics was not able to submit its Audited Financial Statements within the stipulated prescribed period as stated in Paragraph 9.23(b) of Bursa Securities LR as the external audit is still on-going due to transaction testing procedures. The Company is working closely with the auditors to finalise the audit expeditiously.

(b) Industronics expects to submit its Audited Financial Statements within one month from the date of this announcement.

As detailed in Paragraph 9.26(4) of the LR, if a listed issuer fails to issue the outstanding Financial Statements within three (3) months from the expiry of the timeframe stated in Paragraph 9.23 of the LR (the last day of the three (3) months' period shall hereinafter be referred to as "the Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of the Company. The suspension shall take effect on the market day following the expiry of the Suspension Deadline. Pursuant to Paragraph 9.26(6) of the LR, if a listed issuer fails to issue the outstanding Financial Statements within six (6) months from the expiry of the Relevant Timeframe, in addition to any enforcement action that Bursa Securities may take, delisting procedures shall be commenced against the Company.