Nexgram withdraws Ire-Tex takeover offer

By WONG WEI-SHEN

PETALING JAYA: In the latest turn of events in the saga involving Nexgram Holdings Bhd, the company has withdrawn its takeover offer of Ire-Tex Corp Bhd, a deal that was first announced on Nov 20, 2015.

This comes a day after Nexgram said it would take steps to bring in a special auditor to determine the veracity of some of its assets.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Subscribe

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Subscribe

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only

Subscribe
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Nexgram , Ire-Tex , Securities Commission , Bursa Malaysia , takeover offer

   

Report it to us.

Next In Business News
RHB expects sustained loan growth in 2H24
Leong Hup quarterly net profit jumps 48.4%
Cahya Mata second-half earnings up 27% to RM33mil
BFood expects gradual improvement in its performance
Dialog unit to divest stake in Jubail JV entity
Ta Ann’s plantation earnings poised to improve
Bashir joins MAG board
Private sector yet to commit to Nusantara
Sime Darby ends FY24 on a high note
Steel Hawk’s IPO oversubscribed by 276.83 times

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.