Reference is made to the
announcement dated 4 February 2013 and 5 February 2013, in compliance with paragraph 4.4 of the GN3
of ACE LR. The Board of Directors of IDEAL (“Board”) wishes to announce that
the Company has submitted its Proposal and regularisation plan to Bursa Malaysia
Securities Berhad (“Bursa Securities”) on 25 September 2012.
The Board wishes to inform
that the Company’s proposed regularisation plan is currently pending revised
forecasted and projected financial statements due to recent developments which
will be submitted to Bursa Securities in due course. Any further developments
to the proposed regularisation plan shall be announced accordingly.
This announcement is dated 1 March 2013.