CORPORATE ANNOUNCEMENTS
General Announcement
Reference No: EL-060928-63989
Company Name : ECM LIBRA AVENUE BERHAD
Stock Name : ECM
Date Announced : 28/09/2006
Type : Announcement
Subject : ECM LIBRA AVENUE BERHAD GROUP OFFERS VOLUNTARY SEPARATION SCHEME
Content :
ECM Libra Avenue Berhad ("ECM Libra Avenue") wishes to announce that the ECM Libra Avenue Group has today launched a Voluntary Separation Scheme ("VSS" or "Scheme") for its employees as part of the rationalization exercise to lower cost and improve operating efficiency. The Scheme is strictly on a voluntary basis at the option of employees.

The VSS is targeted to reduce the workforce by about 23% and is expected to be completed on 31 October 2006.

This announcement is dated 28 September 2006.




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