Ire-Tex considers selling non-core business


Yap: ‘Ire-Tex had spent RM11.5mil to buy machinery from Zoomic’.

Firm trying to retrieve RM8.8mil under a profit guarantee

IRE-TEX Corp Bhd is considering divesting its non-core activities such as the light-emitting diode (LED) business, which has been non-performing for the past one year.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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 , Ire-tex , prospects , issues

   

Next In Business News

ATX Semiconductor to boost investment in Melaka to RM952mil
Haily gets RM109.5mil residential construction job
Malaysia’s vehicle sales dip 10% year-on-year in March
FBM KLCI ends at near 2-year high
Positive outlook for ringgit this year
CGS MY rebrands, targets to hit over RM300mil revenue by 2027
Prime residential, KL city submarket expected to stay dynamic - JLL Malaysia
JD Sports to buy US rival Hibbett in US$1.08bil sportswear retail deal
Gold prices hit 2-1/2-week low as Middle East tensions ease
Oil prices stabilise, Middle East tensions remain in focus

Others Also Read