【IRMGRP 7220 交流专区】IRM集团

icy97

Notice of Interest Sub. S-hldr (29A)

IRM GROUP BERHAD

Particulars of Substantial Securities Holder

Name	Tham Kin Foong (John)
Address	28, Jalan SL 14/3, Ascara Residence, Bandar Sg Long, 43300 Kajang, Selangor Darul Ehsan
NRIC/Passport No/Company No.	710329-10-6203
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary Shares of RM 0.50 each
Name & address of registered holder	Tham Kin Foong (John) 28, Jalan SL 14/3, Ascara Residence, Bandar Sg Long, 43300 Kajang, Selangor Darul Ehsan

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	11/04/2013
No of securities	9,034,900
Circumstances by reason of which Securities Holder has interest	Acquisition of shares through on market transaction
Nature of interest	Direct
Price Transacted ($$)
Total no of securities after change
Direct (units)	9,034,900
Direct (%)	6.95
Indirect/deemed interest (units)	524,200
Indirect/deemed interest (%)	0.4
Date of notice	16/04/2013

icy97

Notice of Interest Sub. S-hldr (29A)

IRM GROUP BERHAD

Particulars of Substantial Securities Holder

Name	Leow Teow Hong
Address	No.78, Jalan SS15/2B 47500 Subang Jaya Selangor Darul Ehsan
NRIC/Passport No/Company No.	521015-07-5069
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary Shares of RM 0.50 each
Name & address of registered holder	Leow Teow Hong No.78, Jalan SS15/2B 47500 Subang Jaya Selangor Darul Ehsan

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	05/04/2013
No of securities	8,445,115
Circumstances by reason of which Securities Holder has interest	Acquisition of shares through on market transaction
Nature of interest	Direct
Price Transacted ($$)
Total no of securities after change
Direct (units)	8,445,115
Direct (%)	6.5
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	17/04/2013

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31/03/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2013	31/03/2012	31/03/2013	31/03/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	6,530	37,047	6,530	37,047
2	Profit/(loss) before tax	-4,032	-1,055	-4,032	-1,055
3	Profit/(loss) for the period	-4,032	-1,055	-4,032	-1,055
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,032	-1,055	-4,032	-1,055
5	Basic earnings/(loss) per share (Subunit)	-3.10	-0.81	-3.10	-0.81
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2220		0.2530

icy97

营运能力堪虞 IRM 集团陷入PN17

财经新闻 财经  2013-06-01 08:29
（吉隆坡31日讯）IRM集团（IRMGrp，7220，主板工业产品股）触犯上市条例，被列为PN17公司。

IRM集团表示，公司审计师早前发表的保留意见，强调公司最新财报中，持续经营能力出现不确定性，而且公司股东权益经调整后，低于缴足资本的50%。

因此，IRM集团触犯主板上市条例第8.04和2.1（e）条文。

有意拟重组计划

IRM集团也宣布，有意拟定重组计划，解决被列入PN17公司的状况。

IRM集团2013财年首季亏损扩大至403万2000令吉，上财年同季为105万5000令吉。

集团早前两度遭马交所发出“不寻常市场交易（UMA）”质询。集团子公司拖欠贷款，加上集团本身无法呈交截至2012年12月31日止第四季业绩报告，而曾被大马交易所勒令暂停交易。[南洋网财经]

Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 FIRST ANNOUNCEMENT
Description	IRM GROUP BERHAD ("IRMGB" or "THE COMPANY") - ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS
INTRODUCTION Pursuant to paragraph 8.04 and Paragraph 2.1(e) of PN17 of the Main Market Listing Requirements, the Board of Directors of IRM Group Berhad (“IRMGB” or ‘the Company”) wishes to announce that as of the date hereof, IRMGB is considered a PN17 company. The PN17 criteria was triggered as a result of the auditors have expressed a modified opinion with the emphasis on the company going concern in the company latest audited financial statements and shareholders’ equity of the Company on a consolidated basis being 50% or less of the issued and paid-up capital (excluding treasury shares) of the Company. Based on the 1st Quarter announced results, the shareholders equity is now less than 50% of the Company paid-up capital. (“the First Announcement”). OBLIGATIONS OF THE COMPANY AS AN AFFECTED LISTED ISSUER Pursuant to PN17, the Company as an affected listed issuer is required to comply with the following:- i) Within 12 months from the date of the First Announcement a)        submit a regularisation plan to the Securities Commission (“SC”) if the plan will result in a significant change in the business direction or policy of the Company; or b)        submit a regularisation plan to Bursa Malaysia if the plan will not result in a significant change in the business direction or policy of Company, and obtain Bursa Malaysia’s approval to implement the plan ii) Implement the regularisation plan within the time frame stipulated by the SC or Bursa Malaysia, as the case may be; iii)        Announce within three (3) months from this First Announcement, on whether the regularisation plan will result in a significant change in the business direction or policy of the Company; iv)        Announce the status of its regularisation plan and the number of months to the end of the relevant time frames referred in Paragraphs 5.1 and 5.2 in PN17, as may be applicable, on a monthly basis until further notice from Bursa Malaysia; v)        Announce its compliance or non-compliance with a particular obligation imposed pursuant to PN17, on an immediate basis; vi)        Announce the details of the regularization plan (“Requisite Announcement”) and sufficient information to demonstrate that the Company is able to comply with all the requirements set out in Paragraph 3.1 of PN17 after implementation of the regularisation plan, which shall include a timetable for the complete implementation of the regularisation plan. The requisite Announcement must be made by the Company’s Principal Adviser; and vii)        where the Company fails to regularise its condition, it will announce the dates of suspension and de-listing of its listed securities immediately upon notification of suspension and de-listing by Bursa Malaysia. CONSEQUENCE OF NON-COMPLIANCE In the event the Company fails to comply with the obligations to regularise its condition, all its listed securities will be suspended from trading on the next market day after five (5) market days from the date of notification of suspension and de-listing by Bursa Malaysia and de-listing procedures shall be taken against the Company, subject to the Company’s right to appeal against the de-listing. STATUS OF PLAN TO REGULARISE CONDITION The Company intends to formulate a regularisation plan to address its PN17 status. This announcement is dated 31 May 2013.

chinesesp

0。075。。。接近52周最低了。。是机会还是鸡粪。。

icy97

IRM GROUP BERHAD

Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	IRM GROUP BERHAD ("IRMGB" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING ("MoU") BETWEEN INDUSTRIAL RESINS (MALAYSIA) SDN. BHD. ("IRMSB") AND SYNTHOMER SDN. BHD. ("SYNTHOMER")
The Board of Directors of IRM Group Berhad ("IRMGB") is pleased to announce that Industrial Resins (Malaysia) Sdn. Bhd. ("IRMSB"), a wholly-owned subsidiary of IRMGB had on 16 July 2013 entered into a Memorandum of Understanding ("MoU") with Synthomer Sdn. Bhd. ("Synthomer") for the purpose of purchasing two (2) units of 5,000 ball tanks from IRMSB together with office block, instrumentation, pipeline, cooler, water tank, deluge and fire fighting units, gas generator and other equipments located at Lot 123, Jalan Cecair Dua, Kawasan Perdagangan Bebas, 81700 Pasir Gudang, Johor (all these assets are collectively referred to as the "Tank Farm") upon the terms and conditions stipulated therein. Synthomer is a company incorporated in Malaysia under the Companies Act, 1965 and having its registered address at 1 1/2 Miles, Jalan Batu Pahat, 86000 Kluang, Johor Darul Takzim. 1. Principal Conditions of the MoU The principal condition of the MoU is as follows : (i)        The purchase price of the Tank Farm will be negotiated and agreed between IRMSB and Synthomer during the term of this MoU in the range of RM10,000,000.00 to RM15,000,000.00, taking into account the findings of any financial, environmental, technical and legal due diligence investigations (the "Investigations"), and will be payable by Synthomer to IRMSB upon completion of sale, via bank transfer, subject to the conditions as stipulated in the MoU. The Sale and Purchase Agreement between IRMSB and Synthomer will be entered into in due course. 2. Conditional Terms The above offer is conditional upon the fulfillment of the additional terms and conditions as follows : (i)        The price will be considered in the context that the current land lease to which the Tank Farm is subject (the "Lease"), expires in 2022, and the rent payable under the Lease exceeds the commercial market rates for comparable land. (ii)        Synthomer conducting, and being satisfied with the results of the Investigations, along with any other reports and investigations that Synthomer decides necessary. (iii)        IRMSB: (a) cooperating fully with Synthomer in order to carry out the Investigations; (b) allowing Synthomer's officers, employees and professional advisors full access to the Tank Farm, along with any such records in respect of the Tank Farm, as required to complete the Investigations; and (c) providing, or procuring the provision of, all information required by Synthomer to complete the Investigations and all information provided being accurate and not misleading including without limitation to the provision of all statutory approvals and authorisations such as EIA, CIMAH as requested in Synthomer's document checklist. (iv)        The parties negotiating and signing a detailed and legally binding purchase agreement containing customary warranties and indemnities, prepared by Synthomer's advisers. (v)        Synthomer and IRMSB will negotiate the price in good faith upon completion of the Investigations. (vi)        The validity of this MoU is for three (3) months from the date of signing of the MoU with the option to buy the Tank Farm within the validity of the MoU. (vii)        Synthomer has the exclusive option to buy the Tank Farm within the validity of the MoU. 3. Agreement A definitive agreement will be executed upon the completion of the MoU.         4. Directors' and Major Shareholders' Interests None of the Directors and / or major shareholders and / or persons connected to them has any interests, direct or indirect in the MoU. This announcement is dated 28 August 2013.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/06/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2013	30/06/2012	30/06/2013	30/06/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	848	31,382	7,378	68,429
2	Profit/(loss) before tax	-5,861	-3,508	-9,893	-4,563
3	Profit/(loss) for the period	-5,861	-2,821	-9,893	-3,876
4	Profit/(loss) attributable to ordinary equity holders of the parent	-5,861	-2,821	-9,893	-3,876
5	Basic earnings/(loss) per share (Subunit)	-4.51	-2.17	-7.61	-2.98
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1770		0.2530

icy97

IRM GROUP BERHAD

Type	Announcement
Subject	PRACTICE NOTE 1 / GUIDANCE NOTE 5 NEW DEFAULT
Description	IRM GROUP BERHAD (“IRMGB”) - Default in Payment pursuant to Practice Note 1 (PN1) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements (“Main LR”)
IRM Group Berhad ("IRMGB" or "The Company") wishes to announce that the Company's subsidiary Industrial Resin (Malaysia) Sdn. Bhd. ("IRMSB"), a subsidiary of the Company has defaulted in its' repayment of the following trade facilities to CIMB Bank Berhad (“CIMB”), Hong Leong Bank Berhad (“HLBB”), and Al-Rajhi Banking & Investment Corporation (Malaysia) Berhad (“Al-Rajhi”) (collectively known as “the Banks”):- No. Facility Amount Due As At 28 August 2013 1. Trade Facility CIMB – Amount due: RM5.424 million 2. Trade Facility HLBB – Amount due: RM7.084 million 3. Trade Facility Al-Rajhi – Amount due: RM3.654 million 4. Revolving Credit Facility (“RC facility”) CIMB – Amount due: RM500,000 5. Term Loan HLBB – Amount due: RM2.029 million 6. Term Loan Al-Rajhi – Amount due: RM2.592 million 7. Structured Commodity Financing (“SCF”) Al-Rajhi – Amount due: RM782,000 a) Date of default No. Facility Date of First Default 1. CIMB – Trade Facility 14 March 2013 2. HLBB – Trade Facility 12 April 2013 3. Al-Rajhi – Trade Facility 13 April 2013 4. CIMB – RC facility 30 March 2013 5. HLBB – Term Loan 1 February 2013 6. Al-Rajhi – Term Loan 1 January 2013 7. Al-Rajhi – SCF 1 July 2013 b) Reasons for the default Inability to generate sufficient cashflow due to restricted volume of operations following limited financial facility from banks. c) Measures by IRMGB to address the default in payment Measures taken to address the default are as follows:- 1) To dispose the chemical tank farm (“The Proposed Disposal”). The Proposed Disposal has no effect on the current operation of the IRMSB. The Proposed Disposal would be used to par down the Groups borrowings. The Company envisages that IRMSB will lease back one of the two (2) tank farms for the use of the Company's resins plant. 2) To renegotiate with banks to restructure the existing banking facilities. The Company has started negotiation with the Banks on 20 December 2012 and official proposal for repayment scheme was submitted to the Banks on 15 March 2013 for their consideration and approval. 3) To initiate programmes for a recapitalisation of the Group and other assets disposal. d) Legal implications of the default including the extent of the listed issuer’s liability in respect of the obligations incurred under the agreements for the indebtedness The extent of the liability of the Company is limited to the corporate guarantees provided in all the facilities amounting to RM56,000,000. e) The business, financial and operational impact of the default 1) Lower volume of production and as a result, lower profitability and temporary ceasure of operation. 2) A major operational restructuring / retrenchment is on-going to reduce overheads. f) In the event the default is in respect of secured loan stocks or bonds, the lines of action available to the guarantors or security holders against the listed issuer Not Applicable g) in the event the default is in respect of payments under a debenture, to specify whether the Default will empower the debenture holder to appoint a receiver or receiver and manager Yes. h) where the default is in respect of a subsidiary or associated company, a confirmation as to whether the subsidiary or associated company is a major subsidiary or major associated company, as the case may be; IRMSB is a wholly-owned and a major subsidiary of the Company. i) where the Default is in respect of a listed issuer, major subsidiary or major associated company, as the case may be - (i) a statement as to whether the listed issuer is solvent ("Solvency Declaration"). For this purpose, a listed issuer is regarded as "solvent" if the majority directors have formed the opinion that the listed issuer will be able to pay all its debts as and when they fall due within the period of 12 months from the date of the announcement; and (ii) if the listed issuer is solvent, a statement that the listed issuer undertakes to provide to the Exchange, the Solvency Declaration duly executed by its board of directors within 3 market days from the announcement date The Company is insolvent. This announcement is dated 3 September 2013.

icy97

IRM GROUP BERHAD

Type	Announcement
Subject	PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT
Description	IRM GROUP BERHAD ("IRMGB" or "The Company") - MONTHLY ANNOUNCEMENT ON DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS ("PN1")
Since the previous announcement dated 31 July 2013 and 28 August 2013, the Board of Directors of the Company wish to announce that the Company had paid RM456,000 as part settlement for the default on the trade facilities offered by Al-Rajhi Bank. The measures outlined in the previous announcement is ongoing. This announcement is dated 30 August 2013.

icy97

IRM 3400万卖新山地还债

财经新闻 财经  2013-09-11 13:05
（吉隆坡10日讯）PN17公司IRM集团（IRMGrp，7220，主板工业产品股）以3400万令吉，脱售两片坐落在新山地不佬的土地，以偿还银行贷款和其他债务。

IRM集团今天向马交所报备，旗下独资子公司Industrial Resins（马）私人有限公司，脱售两片约5.4885公顷的土地，并连通土地建有的厂房、仓库、办公楼等建筑一起售出给买家。

集团表示，脱售成功后的净收入是68万4000令吉，相等于每股进账52仙。同时，集团的每股净资产将从2296万7000令吉，扬至2365万1000令吉。
此外，集团负债率将从2.1倍，降低至0.7倍。

“脱售行动是集团财务重组计划的一部分，以降低贷款，并脱离PN17公司的行列。”

据公司文告，土地的账面价值为2800万令吉，建筑物报476万6000令吉。[南洋网财经]

IRM GROUP BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	IRM GROUP BERHAD ("IRMGB" or "THE COMPANY") - DISPOSAL OF PROPERTIES
The Board of Directors of IRMGB wishes to inform that the Company had on 5 September 2013 entered into a Sales and Purchase Agreement ("SPA") with Pyramid Presentations Sdn. Bhd. (Company No. 1050821-K) for the purpose of disposing its two (2) pieces of freehold land and buildings for a total consideration of Ringgit Malaysia Thirty-Four Million (RM34,000,000.00) only (the "Proposed Disposal"), upon the terms and conditions as stipulated in the SPA. Further details of the Proposed Disposal are set out in the attachment below. This announcement is dated 10 September 2013.

Attachments Announcement - IRMSB Land Disposal - 100913.pdf

icy97

IRM集團再抵觸PN 17條文

財經股市12 Sep 2013 23:17
（吉隆坡12日訊）IRM集團（IRMGRP，7220，主要板工業）再抵觸馬證交所PN 17行列另一項條文。

在今年5月31日陷入PN 17行列的IRM集團，由于獨資子公司Industrial Resins（大馬）私人有限公司暫停運作，以致再抵觸PN 17行列的另一項條文。

IRM集團在馬證交所報備文件指出，公司計劃搬遷現有廠房，因此才會暫停上述公司的運作。

該公司需在2014年4月30日前，向證券委員會提交重組計劃。換言之，該公司仍有約9個月的時間提交重組計劃。

閉市時，IRM集團起2仙至9.5仙，漲幅高達27%，成交量有595萬9500股。[中国报财经]

IRM GROUP BERHAD

Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 OTHERS
Description	IRM GROUP BERHAD ("IRMGB" or "THE COMPANY") - ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS
INTRODUCTION Further to the Company’s First Announcement made on 31 May 2013 and the announcements dated 28 August 2013, 3 September 2013 and 10 September 2013 respectively, pursuant to paragraph 8.04 and Paragraph 2.1 of PN17 of the Main Market Listing Requirements, the Board of Directors of IRM Group Berhad (“IRMGB” or ‘the Company”) wishes to announce that as of the date hereof, IRMGB has triggered another PN17 criteria. The new PN17 criteria triggered was in respect of Paragraph 2.1(g) in relation to the suspension of operations of Industrial Resins (Malaysia) Sdn. Bhd., a wholly-owned subsidiary of IRMGB.The suspension is due to the Company's plan to relocate the existing plant to another location. OBLIGATIONS OF THE COMPANY AS AN AFFECTED LISTED ISSUER Pursuant to PN17, the Company as an affected listed issuer is required to comply with the following:- i) Within 12 months from the date of the First Announcement, a) submit a regularisation plan to the Securities Commission (“SC”) if the plan will result in a significant change in the business direction or policy of the Company; or b) submit a regularisation plan to Bursa Malaysia if the plan will not result in a significant change in the business direction or policy of Company, and obtain Bursa Malaysia’s approval to implement the plan; ii) Implement the regularisation plan within the time frame stipulated by the SC or Bursa Malaysia, as the case may be; iii) Announce within three (3) months from this First Announcement, on whether the regularisation plan will result in a significant change in the business direction or policy of the Company; iv) Announce the status of its regularisation plan and the number of months to the end of the relevant time frames referred in Paragraphs 5.1 and 5.2 in PN17, as may be applicable, on a monthly basis until further notice from Bursa Malaysia; v) Announce its compliance or non-compliance with a particular obligation imposed pursuant to PN17, on an immediate basis; vi) Announce the details of the regularization plan (“Requisite Announcement”) and sufficient information to demonstrate that the Company is able to comply with all the requirements set out in Paragraph 3.1 of PN17 after implementation of the regularisation plan, which shall include a timetable for the complete implementation of the regularisation plan. The requisite Announcement must be made by the Company’s Principal Adviser; and vii) where the Company fails to regularise its condition, it will announce the dates of suspension and de-listing of its listed securities immediately upon notification of suspension and de-listing by Bursa Malaysia. CONSEQUENCE OF NON-COMPLIANCE In the event the Company fails to comply with the obligations to regularise its condition, all its listed securities will be suspended from trading on the next market day after five (5) market days from the date of notification of suspension and de-listing by Bursa Malaysia and de-listing procedures shall be taken against the Company, subject to the Company’s right to appeal against the de-listing. STATUS OF PLAN TO REGULARISE CONDITION The Company intends is presently formulating a regularisation plan to address its PN17 status ("Regularisation Plan"). Premised on the First Announcement, the Company is required to submit a Regularisation Plan to the relevant authorities by 30 April 2014 which is approximately 9 months from the date hereof. This announcement is dated 11 September 2013.

icy97

再抵觸條文 IRM集團不跌反漲

財經股市13 Sep 2013 20:32
（吉隆坡13日訊）儘管IRM集團（IRMGRP，7220，主要板工業）再抵觸馬證交所PN17行列另一項條文，不過股價漲勢連連，交投火熱。

IRM集團以全日最低水平10仙開跑，全日最高價位12.5仙；休市時，該股起1仙，掛在10.5仙，成交量1967萬6000股，為十大熱門股之一。

閉市時，IRM集團漲0.5仙，報10仙，成交量2202萬5700股。

在今年5月31日陷入PN17行列的IRM集團，因獨資子公司Industrial Resins（大馬）私人有限公司暫停運作，以致再抵觸PN17行列的另一項條文。

IRM集團在馬證交所報備文件指出，公司計劃搬遷現有廠房，因此才會暫停上述公司的運作。

另外，該集團早前建議獨資子公司Industrial Resins（大馬）私人有限公司與Pyramid Presentations私人有限公司簽署買賣協議，將兩片土地脫售給后者。

該集團今日在馬證交易所作出回應，上述脫售建案旨在籌集償還銀行貸款。

通過上述脫售，該集團預計可從中取得68萬4000令吉收益。[中国报财经]

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	TE-130911-36205
Subject	Disposal of Properties by Industrial Resins (Malaysia) Sdn. Bhd. ("IRMSB") ("Proposed Disposal")
Description	IRM GROUP BERHAD (“IRMGB” or "the Company") - Disposal of Properties by Industrial Resins (Malaysia) Sdn. Bhd. ("IRMSB") ("Proposed Disposal")
Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those in the announcement in relation to the Proposed Disposal on 10 September 2013. We refer to the announcement made by the Company on 10 September 2013 in respect of the Proposed Disposal and the letter of query from Bursa Malaysia Securities Berhad ("Bursa Securities") vide its facsimile dated 11 September 2013. The Board of Directors of IRMGB (“Board”) wishes to announce the additional information as required by Bursa Securities pursuant to the query. Appended herewith the requisite additional information as required by Bursa Securities:- The effect of the Proposed Disposal on the business operations of IRMSB and the Group. To also elaborate on where will the business operations of IRMSB be undertaken after the Proposed Disposal. The Proposed Disposal is being undertaken as an interim proposal to raise the cashflow required to repay its bank borrowings and creditors. Pursuant to the Proposed Disposal, the Company plans to relocate the plant to another location. The Company is addressing and exploring the following matters with regards to the continued operation of this manufacturing business: (i) A short term rental arrangements with the Purchaser upon completion of the transaction; (ii) A relocation of the plant to another location in a joint venture arrangement with another partner. Based on the SPA, the Company has a period of approximately nine (9) months from the date of the SPA to relocate and deliver vacant possession of the Property to the Purchaser. To tabulate the effects of the Proposed Disposal on the earnings per share and net assets per share.For illustration purposes only, based on the latest audited consolidated financial statements of IRMGB as at 31 December 2012 and on the assumption that the Proposed Disposal has been affected on that date, IRMGB expects to realise an estimated gain on disposal of approximately RM184,000 after taking into account the carrying amount of the Property and the factory buildings erected thereon for the Financial Year Ended (“FYE”) 31 December 2012 of RM32,766,000 and the estimated expenses relating to the Proposed Disposal of RM1.05 million. This is expected to translate into a very minimal effect in earnings per share of the Group. The proforma effects on the net assets (“NA”) per share of IRMGB based on the latest audited consolidated financial statements of IRMGB as at 31 December 2012 is as follows:- Audited consolidated as at 31 December 2012 After the Proposed Disposal (RM) (RM) Share capital 65,000,000 65,000,000 Share premium 2,062,848 2,062,848 Reserves (34,202,780) (34,018,780) Total equity / NA 32,860,068 33,044,068 No. of IRMGB shares 130,000,000 130,000,000 NA per share (RM) 0.25 0.25 Note: The increase in the Reserves is due to the estimated gains on disposal of approximately RM184,000. The original cost of investment by IRMSB in the Property and the date of such investment. The Company requires additional time to check its record on the original cost of investment when the property was acquired over 30 years ago. The Property has been subjected to many revaluations since then. Whether IRMSB is a major subsidiary of IRM Group Berhad. IRMSB is a major subsidiary of IRMGB despite the suspended operations. Detail breakdown of the proceeds to be utilised for the repayment of bank loans and creditors, including the timeframe for full utilisation. The Proposed Disposal is expected to raise gross proceeds of approximately RM34.00 million. The proceeds are envisaged to be utilised in the following manner:- Total RM’000 Estimated timeframe for utilisation from receipt of the proceeds Repayment of bank borrowings 31,500 Immediate Repayment of creditors 1,450 Immediate Defray expenses relating to the Proposed Disposal 1,050 Immediate Total 34,000 To state the name of the relevant authorities and the timeframe for submission of the application to the relevant authorities. (i) Two (2) copies of the valuation report will be submitted to Bursa Securities approximately one (1) month from the date of the SPA. (ii) The application in respect of the Proposed Disposal shall be submitted to Bursa Securities approximately 2 months from the date of the SPA. (iii) The applications to the State Land Authority and Economic Planning Unit of the Prime Ministers Department for the transfer of the title of the Property will be made as soon as possible. The estimated timeframe to complete the Proposed Disposal. Barring any unforeseen circumstances, vacant possession is expected to be completed within nine (9) months from the date of the SPA (or such other extended time to be mutually agreed). Total size of each of the building erected on the land and the approximate age for each of the building. The total size of the buildings erected on the land is approximately 94,650 square feet. (excluding the process plant). The approximate age of the buildings are between 15 to 30 years. Newer buildings have been added to the original building throughout the years. The name of the valuer, date and method of valuation adopted by the valuer and the quantification of the market value, and to also make available the valuation report for inspection. The Board was guided by the last valuation report on the Property prepared by Irhamy & Co dated 28 September 2012, providing a market value for the Property (comprising the land and buildings), with vacant possession, free from any encumbrances of RM32,970,000. The method of valuation adopted by the valuer was the Comparison and Replacement Cost methods. The Company has appointed Irhamy & Co to prepare a new valuation report on the Property that complies with the requirements under Paragraph 10.04 of the Main Market Listing Requirements for the purpose of submission to Bursa Securities. The new valuation report will be made available for inspection at the office of the Company at Block C-3-7, Jalan Dataran SD1, Bandar Sri Damansara, 52200 Kuala Lumpur, Wilayah Persekutuan during normal office hours on any weekday (except public holiday) for a period of three (3) months from the date of the circular to shareholders to be issued. Particulars of all liabilities to be assumed by the Purchaser arising from the Proposed Disposal. Save for the obligations and liabilities pursuant to the SPA, there are no other liabilities to be assumed by the Purchaser in relation to the Proposed Disposal. The highest percentage ratio pursuant to 10.02(g) of the Main Market Listing Requirements. The highest percentage ratio applicable to the Proposed Disposal as per 10.02(g) of the Main Market Listing Requirements based on the latest audited consolidated financial statements of IRMGB for the FYE 31 December 2012 is the transaction value of the Property compared with NA of IRMGB which amounts to approximately 103.47%. On a separate matter, the Company wishes to inform that further to the Company’s announcement dated 10 September 2013, the information under the heading “Expected Gains or Losses to the Group” on Page 2 of the attachment should be read as follows:- EXPECTED GAINS OR LOSSES TO THE GROUPThe expected gain arising from the Proposed Disposal is RM 684,000 after deduction of agent and legal fees and other expenses, tabulated as follows:- As at 30/06/2013 Land & Buildings (RM ‘000) Sales proceeds 34,000 NBV 32,766 Lawyer fee / Agency Fees / Others 550 Total 684 This announcement is dated 13 September 2013.

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IRM GROUP BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	IRM GROUP BERHAD ("IRMGB" or "THE COMPANY") - DISPOSAL OF PROPERTIES
Further to the Company’s announcements on 10 September 2013 and 13 September 2013, the Board of Directors of IRM Group Berhad wishes to provide the following additional information pertaining to the Proposed Disposal of Properties by Industrial Resins (Malaysia) Sdn. Bhd. ("IRMSB") ("Proposed Disposal") for public release:- The original cost of investment by IRMSB in the Property and the date of such investment. The original cost of the lands was RM 2,133,250 for Lot No. 2064 and RM 2,181,000 for Lot No. 2065 respectively on the date of investment on 12 September 1984. Total size of each of the building erected on the land and the approximate age for each of the building. Year built Description Size Year 2002 Office Extension 4,562 sq ft Year 2007 / 2008 Compound Warehouse Extension 48,076 sq ft Year 2007 Compound Plant 75,390 sq ft Year 2004 Resins Plant 45,832 sq ft This announcement is dated 23 September 2013.

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IRM 遭马交所申诫

财经新闻 财经  2013-09-26 07:56
（吉隆坡25日讯）PN17公司———IRM集团（IRMGRP，7220，主板工业产品股）遭马交所公开申诫，因违反马交所主板上市条例中的9.03（1）、9.04（1）及PN1中的2.1（d）条款。

该公司违反PN1中的2.1（d）条款，主要是因为没有就其子公司———Industrial Resin（大马）私人有限公司的信贷毁约及时作出宣布。

但马交所并没有发现该公司的董事导致及允许违规的事情发生。

马交所表示认真看待此事，并已提醒IRM集团及其董事维持责任标准和对股东及投资大众的义务。[南洋网财经]

BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS IRM GROUP BERHAD FOR BREACH OF LISTING REQUIREMENTS

LISTING'S CIRCULAR NO. L/Q : 68859 OF 2013

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has publicly reprimanded IRM Group Berhad (IRMGRP) for breaching paragraphs 9.03(1) and 9.04(l) of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR) read together with paragraph 2.1(d) of Practice Note 1 (PN1) for failing to make an immediate announcement in respect of the default in payments of credit facilities by its major subsidiary, Industrial Resin (Malaysia) Sdn. Bhd. (IRMSB).

Paragraphs 9.03(1) and 9.04(l) of the Main LR read together with paragraph 2.1(d) of PN1 state that a listed issuer is required to immediately announce to the Exchange, irrespective of whether a demand has been made to the listed issuer, its subsidiaries or associated companies, as the case maybe, of default in payments of either interest, principal sums or both in respect of a credit facility where the total amount outstanding of the defaulted credit facility is 5% or more of the net assets of the listed issuer based on the latest published or announced financial statements.

The public reprimand was imposed pursuant to paragraph 16.19(1) of the Main LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.

While Bursa Malaysia Securities has not found any of IRMGRP’s directors to have caused or permitted the breach by the company, Bursa Malaysia Securities wishes to highlight that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the Main LR. The Board of Directors of IRMGRP at the material time was as follows:-

• Dato’ Abd Karim bin Ahmad Tarmizi
• Dr. Baharuddin bin Abdul Ghani
• Dato’ Ir Che On @ Onn bin Hamzah
• Usman Ali bin Mustaffa
  
  
  
  
  
  

Bursa Malaysia Securities views the contravention seriously and has reminded IRMGRP and its Board of Directors of their obligation to uphold appropriate standards of responsibility and accountability to shareholders and the investing public.

BACKGROUND
IRMSB had defaulted in the trade facilities granted by CIMB Bank Berhad (CIMB) on 10 December 2012, Al-Rajhi Banking & Investment Corporation (Malaysia) Berhad (Al-Rajhi) on 20 March 2013 and Hong Leong Bank Berhad (HLBB) on 5 April 2013. However, IRMGRP only announced the default in payments on 25 February 2013 and 9 April 2013 respectively. The total amount outstanding of the defaulted trade facilities to CIMB, Al-Rajhi and HLBB as noted from IRMGRP’s announcements on 25 & 26 February 2013 and 9 April 2013 exceeded 5% of the company’s net assets respectively and cumulatively amounting to RM41,299,000 which represented 95.3% of the company’s net assets of RM43,349,000 and 96.2% of the company’s total borrowing of RM42,941,000 as at 30 September 2012.

IRMGRP represented that the company had started negotiation with CIMB in respect of the defaulted trade facility since December 2012 and submitted an official proposal for repayment scheme to CIMB, Al-Rajhi and HLBB on 18 February 2013 and 15 March 2013 respectively. However, the fact remains that IRMSB had not paid and defaulted on the amount due to CIMB, Al-Rajhi and HLBB. The negotiations and / or proposals for repayment of the trade facilities were merely steps taken to address the default and did not unwind the occurrence of an event of default where an immediate announcement was required in accordance with PN1.

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IRM GROUP BERHAD

Type	Announcement
Subject	MATERIAL LITIGATION
Description	IRM GROUP BERHAD (“IRMGB” or “the Company”) - Letter of Demand (“Demand”) By CIMB Bank Berhad ("CIMB")
IRM Group Berhad ("IRMGB" or "The Company") wishes to announce that a Letter of Demand (“Demand”) dated 23 September 2013 had been served on Industrial Resins (Malaysia) Sdn. Bhd. (“IRMSB”), a wholly-owned subsidiary of IRMGB by Messrs. Anad & Noraini, acting for and on behalf of CIMB Bank Berhad (“CIMB”), demanding payment of a sum of RM29,713,367.03 (As at 13 September 2013) together with the interest accruing thereon from 14 September 2013 till date of full settlement owing by IRMSB to CIMB. The Demand was received by IRMSB on 25 September 2013. IRMSB is in arrears to CIMB for the following facilities:- Facility Principal Interest and penalty interest as at 13 September 2013 Oustanding sum as at 13 September 2013 Default rate chargeable Overdraft RM2,000,000.00 RM15,583.50 RM2,015,583.50 3.5% per annum plus Base Lending Rate on daily rest basis Revolving Credit RM1,250,000.00 RM44,950.26 RM1,294,950.26 2.5% per annum plus Cost of Funds on monthly rest basis Banker's Acceptance RM15,921,000.00 RM852,797.64 RM16,773,797.64 2.5% per annum plus Base Lending Rate on daily rest basis Documentary Credit / Letter of Credit RM9,107,838.75 RM521,196.88 RM9,629,035.63 2.0% per annum plus Base Lending Rate on daily rest basis Total: RM28,278,838.75 RM1,434,528.28 RM29,713,367.03 [CIMB's Base Lending Rate is currently at 6.60% per annum and the Cost of Funds as at 13 September 2013 is at 3.57% per annum and both may be varied from time to time.] The reason leading to the Demand was due to the failure of IRMSB to pay CIMB the sums which are due and owing under the aforesaid facilities. IRMSB is given fourteen (14) days from the date of the Demand to pay the aforesaid sum of RM29,713,367.03 (As at 13 September 2013) together with the interest accruing thereon from 14 September 2013 till date of full settlement, as well as the sum of RM300.00 towards legal fee charged by Messrs. Anad & Noraini failing which, the aforesaid facilities are deemed recalled and terminated and CIMB shall proceed with legal proceedings against IRMSB and / or the Company for the recovery of the whole oustanding sum due under the aforesaid facilities. Further to the above, in relation to the charges presentation no. 12914/2003, 19407/2004 and 23790/2008 over properties known as Geran No. 37838 Lot 2064, Mukim Tebrau, District of Johor Bahru, Johor together with a factory / warehouse erected thereon and Geran No. 29462 Lot 2065, Mukim of Tebrau, District of Johor Bahru, Johor together with a factory / warehouse erected thereon, Messrs. Anad & Noraini on behalf of CIMB demanded the following:- a) IRMSB to forward the 10% deposit sum(s) which IRMSB received from the proposed purchaser to CIMB within 5 working days from the date of the Demand; b) IRMSB to forward copies of the Sale and Purchase Agreement which had been executed to CIMB within 5 working days from the date of the Demand; Failing which, CIMB will take any legal action deemed appropriate against the Company. The Company and IRMSB is in the midst of seeking legal advice to defend against the aforesaid Demand and in the process of reorganising its' restructuring plan. Further announcement on the material development of the above matter will be made in due course. This announcement is dated 26 September 2013.

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IRM GROUP BERHAD

Type	Announcement
Subject	MATERIAL LITIGATION
Description	IRM GROUP BERHAD (“IRMGB” or “the Company”) - Letter of Demand (“Demand”) By CIMB Bank Berhad ("CIMB")
IRM Group Berhad ("IRMGB" or "The Company") wishes to announce that a Letter of Demand (“Demand”) dated 23 September 2013 had been served on the Company by Messrs. Anad & Noraini, acting for and on behalf of CIMB Bank Berhad (“CIMB”), demanding payment of a sum of RM26,402,833.27 (As at 13 September 2013) together with the interest accruing thereon from 14 September 2013 till date of full settlement owing by Industrial Resins (Malaysia) Sdn. Bhd. (“IRMSB”), a wholly-owned subsidiary of IRMGB to CIMB. The Demand was received by the Company on 25 September 2013. The Company had guaranteed CIMB payment of the following sums that are due and owing by IRMSB:- Facility Principal Interest and penalty interest as at 13 September 2013 Oustanding sum as at 13 September 2013 Default rate chargeable Banker's Acceptance RM15,921,000.00 RM852,797.64 RM16,773,797.64 2.5% per annum plus Base Lending Rate on daily rest basis Documentary Credit / Letter of Credit RM9,107,838.75 RM521,196.88 RM9,629,035.63 2.0% per annum plus Base Lending Rate on daily rest basis Total: RM25,028,838.75 RM1,373,994.52 RM26,402,833.27 The reason leading to the Demand was due to the failure of IRMSB to pay CIMB the sums which are due and owing under the aforesaid facilities. The Company is given fourteen (14) days from the date of the Demand to pay the aforesaid sum of RM26,402,833.27 (As at 13 September 2013) together with the interest accruing thereon from 14 September 2013 till date of full settlement, failing which, CIMB shall commence with civil / foreclosure proceedings against the Company / IRMSB. The Company and IRMSB is in the midst of seeking legal advice to defend against the aforesaid Demand and in the process of reorganising its' restructuring plan. Further announcement on the material development of the above matter will be made in due course. This announcement is dated 26 September 2013.

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IRM集團售地重組

企業財經1 Oct 2013 23:00
（吉隆坡1日訊）陷入PN17行列的IRM集團（IRMGRP，7220，主要板工業），向馬證交所報備，出售土地是公司重組計劃之一。

IRM集團正制定一個重組計劃，早前公佈的出售土地建議，已經和Pyramid Presentations私人有限公司簽署買賣協議，將以3400萬令吉出售兩塊土地以及建築物。

同時，IRM集團需在2014年4月30日前，向馬證交所呈交重組計劃，距離目前仍有7個月時間。[中国报财经]

Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT
Description	IRM GROUP BERHAD ("IRMGB" or "THE COMPANY") - ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS
Further to the First Announcement made by the Company on 31 May 2013 in compliance with Paragraph 4.1 of Practice Note 17 ("PN17") of the Main Market Listing Requirements, the Board of Directors of IRMGB wishes to inform that the Company is presently formulating a regularisation plan to address its PN17 status ("Regularisation Plan"). One of the measures that have been undertaken by the Company was a disposal of land as per the announcements made to Bursa Malaysia Securities Berhad on 10, 13 and 23 September 2013 respectively whereby the Company, on 5 September 2013, had entered into a Sales and Purchase Agreement ("SPA") with Pyramid Presentations Sdn. Bhd. (Company No. 1050821-K) for the purpose of disposing its two (2) pieces of freehold land and buildings for a total consideration of Ringgit Malaysia Thirty-Four Million (RM34,000,000.00) only, upon the terms and conditions as stipulated in the SPA. Premised on the First Announcement, the Company is required to submit a Regularisation Plan to the relevant authorities by 30 April 2014 which is approximately 7 months from the date hereof. This announcement is dated 1 October 2013.

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SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2013	30/09/2012	30/09/2013	30/09/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	832	25,473	8,210	93,902
2	Profit/(loss) before tax	-17,955	-2,478	-27,848	-7,041
3	Profit/(loss) for the period	-14,483	-2,478	-24,376	-6,354
4	Profit/(loss) attributable to ordinary equity holders of the parent	-14,483	-2,478	-24,376	-6,354
5	Basic earnings/(loss) per share (Subunit)	-11.14	-1.91	-18.75	-4.89
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0653		0.2530

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IRM GROUP BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	IRM GROUP BERHAD (“IRM” OR “COMPANY”) PROPOSED DISPOSAL BY INDUSTRIAL RESINS (MALAYSIA) SDN BHD, A WHOLLY-OWNED SUBSIDIARY COMPANY OF IRM TO POLYMERLATEX SDN BHD, OF TWO (2) 5,000 CUBIC METERS SPHERE TANKS AND ONE (1) 3,800 CUBIC METERS CYLINDER TANK PLUS ASSOCIATED EQUIPMENT IN PASIR GUDANG, JOHOR, FOR A TOTAL CONSIDERATION OF RM12,500,000 ("PROPOSED DISPOSAL OF CHEMICAL STORAGE TERMINAL")
On behalf of the Board of Directors of IRM, KAF Investment Bank Berhad wishes to announce that the Company is proposing to undertake the Proposed Disposal of Chemical Storage Terminal. Kindly refer the attached document for the complete announcement. This announcement is dated 9 December 2013.

Attachments IRM-Proposed Disposal of Chemical Storage Terminal-Annc-091213.pdf

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IRM GROUP BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	IRM GROUP BERHAD (“IRM” OR “COMPANY”) PROPOSED DISPOSAL BY INDUSTRIAL RESINS (MALAYSIA) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF IRM TO POLYMERLATEX SDN BHD, OF TWO (2) 5,000 CUBIC METERS SPHERE TANKS AND ONE (1) 3,800 CUBIC METERS CYLINDER TANK PLUS ASSOCIATED EQUIPMENT IN PASIR GUDANG, JOHOR, FOR A TOTAL CONSIDERATION OF RM12,500,000 ("PROPOSED DISPOSAL OF CHEMICAL STORAGE TERMINAL")
This amended announcement is to correct the following sections of the announcement dated 9 December 2013 in relation to the Proposed Disposal of Chemical Storage Terminal as follows:- (i)       Section 2.6 -  Settlement of the Disposal Consideration “The Vendor agrees to waive all its rights to all payments which are due to the Vendor pursuant to the Storage Agreement and Synthomer shall be under no further obligation to pay the Vendor from 1 October 2013 until completion or the termination of the Storage Agreement, whichever is later.” This announcement is dated 12 December 2013.