IRM GROUP BHD
KLSE (MYR): IRMGRP (7220)
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Profile
IRM GROUP BHD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: INDUSTRIAL PRODUCTS & SERVICES INDUSTRIAL PRODUCTS & SERVICES
Subsector: CHEMICALS CHEMICALS
Description
IRM Group Berhad (IRMGB) is a Malaysia-based investment holding company. The Company, through its subsidiaries, operates in two segments: polyvinyl chloride (PVC) raw materials, which include the manufacture of PVC resins and compounds, and investment holding. Its subsidiaries are Industrial Resins (Malaysia) Sdn. Bhd., which is engaged in the manufacture and sale of PVC resins and compounds; Beta Network Sdn. Bhd., which is engaged in manufacturing and sale of plastic products; Better Scope Sdn. Bhd.; Sepadu Impresif Engineering Sdn. Bhd. and IRM Compounds Sdn. Bhd. On September 27, 2011, the Company acquired IRM Solar Sdn. Bhd.
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1 person likes this. Showing 50 of 313 comments
2 weeks + 2 weeks extension. Looks like serious negotiation. But still, risk is there. IRM mgmt + substantial shareholders better give in all terms demanded by PASB!!! Get the ball rolling!
2014-03-25 18:48
Ball in whose court? Pasb or irm? Delay so long to sign a paper. Sigh. Better be worth.
2014-03-27 23:07
Don't know why a simple (zero-debt) shell company take so long to enter a RTO deal...
2014-03-28 18:34
Anyone guess whether deal sign on 30th? Or extend ? Or no deal? 33% chance either way.
2014-04-18 18:13
Announcement Details/Table Section
Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those in the circular to shareholders of IRM dated 15 January 2014 in relation to the Proposed Disposals.
We refer to the announcements made by the Company on 9 December 2013 and 30 January 2014 in relation to Proposed Disposal of Chemical Storage Terminal.
On behalf of the Board of IRM, KAF Investment wishes to announce that on 16 April 2014, by way of an exchange of letter, IRMSB and PolymerLatex has agreed to proceed with the completion of the Proposed Disposal of Chemical Storage Terminal.
Please refer to the attachment for details of the announcement.
This announcement is dated 21 April 2014.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1599325
2014-04-21 22:03
Regularisation plan out. Yay. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1617025
2014-05-08 13:50
It's regularisation plan out, price fall, keep one eye on this ctr, c what price can enter
2014-05-15 13:12
Will bursa allow extension of regularisation plan submission? Irm just filed a request for extension. Due end of this mth.
2014-05-16 22:17
On behalf of the Board of Directors of IRM, KAF Investment is pleased to announce that Bursa Securities had, vide its letter dated 3 June 2014, granted an extension of time up to 31 August 2014 (“Extended Timeframe”) for the Company to submit its regularisation plan to the SC.
The extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the securities of the Company and to de-list the Company in the event:-
(i) the Company fails to submit the regularisation plan to SC within the Extended Timeframe;
(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; and
(iii) the Company fails to implement its regularisation plan within the timeframe or extended timeframe stipulated by any regulatory authorities.
This announcement is dated 3 June 2014.
2014-06-03 23:32
Announcement Details/Table Section
Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those announced in the Requisite Announcement on 8 May 2014.
We refer to announcements made by the Company on 8 May 2014 and 3 October 2014 in relation to the Requisite Announcement and the supplementary agreement to the Conditional SSA dated 3 October 2014 (“First Supplementary Agreement”) in respect of the Proposed Regularisation Plan. Reference is also made to announcements by KAF Investment, on behalf of the Company on 16 May 2014, 3 June 2014, 14 August 2014, 3 September 2014, 3 October 2014 and 7 October 2014 respectively, in relation to the Proposed Regularisation Plan.
On behalf of the Board of IRM, KAF Investment wishes to announce that the Company had on 31 October 2014, entered into a second supplementary agreement to vary certain terms of the Conditional SSA and the First Supplemental Agreement (“Second Supplementary Agreement”).
Please refer to the attached file for further details on the announcement.
This announcement is dated 31 October 2014.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1782853
2014-10-31 23:34
IRM GROUP BERHAD ("IRMGRP" or "the Company") has failed to submit its regularisation plan to Bursa Malaysia Securities Berhad (Bursa Securities) for approval within the timeframe stipulated under paragraph 8.04(3)(a)(i) of the Bursa Securities Main Market Listing Requirements (Main LR) and the Company’s application for a further extension of time to submit its regularisation plan has been rejected by Bursa Securities.
In the circumstances and pursuant to paragraph 8.04(5) of the Main LR:-
(a) the trading in the securities of the Company will be suspended with effect from 11 February 2015; and
(b) the securities of the Company will be de-listed on 13 February 2015 unless an appeal against the de-listing is submitted to Bursa Securities on or before 10 February 2015 ("the Appeal Timeframe"). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.
2015-01-30 20:02
Trading Idea : Don't miss this troubled counter, easily double.
May get higher or average price of withdrawal if they delisted.
2015-02-05 10:47
It's so hard to list an IPO nowadays, I think they will pass up the it's regularisation plan.
2015-02-05 11:44
dumped it few weeks back... any chance it revive? Its a clean shell for RTO. Don't know why no takers.
2015-02-05 13:28
They sold plant they sold land to settle their debts....now just die let that??
2015-02-05 13:34
Under the proposed capital deduction (Proposed Regularisation Plan), the share is only valued 1 sen.....please check the company announcement for the detailed proposal.....Thus, even 2sen is overvalued.....please check before investment...
2015-02-10 13:20
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Wui ya...definitive agreement extended again to 11 Apr!!!...
2014-03-25 18:46