News

Disposal Of Shares By Industronics Berhad's Substantial Shareholder

The Board of Directors of Industronics Berhad wishes to announce that on 11 July 2008, the Company received a notification from its substantial shareholder, Dr. Lim Jit Chow that he has entered into a share sale agreement with Messrs. HPM Development (L) Pte. Ltd. to dispose off 19,550,000 ordinary shares of RM0.50 each representing 20.768% equity interest in Industronics Berhad to Messrs. HPM Development (L) Pte. Ltd.

The effective transfer of the Sale Shares from Dr Lim Jit Chow to Messrs. HPM Development (L) Pte. Ltd. shall be completed upon the receipt of payment in cash before 90 days from the date of signing the share sale agreement.