IRMGRP - OTHERS
Announcement Type: General Announcement
Company Name: IRM GROUP BERHAD
Stock Name: IRMGRP
Date Announced: 15/03/2012
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: TE-120314-51448
Subject: OTHERS
Description: IRM GROUP BERHAD ("IRMGB" OR "THE COMPANY")
- FEED-IN APPROVAL GRANTED BY THE SUSTAINABLE ENERGY DEVELOPMENT AUTHORITY MALAYSIA ("SEDA")
Query Letter content: We refer to the Company's announcement dated 13 March 2012, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
1. The existing principle activities of IRM Group and whether the installation
of the Solar PV Power Station and the sale of electricity generated to TNB will
signify the diversification in operations pursuant to paragraph 10.13 of the
Main Market Listing Requirements.
2. The rationale for venturing into the Renewable Energy (RE) business.
3. Total capital commitment required for the RE business and the source of
funds.
4. Whether the Company has the capability, experiences and resources to
undertake the RE business. If so, please substantiate it with the key
management involved and their work experience.
5. Background information on the Feed-In Tariff to be undertaken and whether
your Company has received any written commitment from SEDA / TNB for the sale
of electricity.
6. Salient terms of the agreement in relation to Feed-In Tariff and to make
such agreement available for inspection.
7. The prospects of the solar power industry in Malaysia.
8. The risks factor of solar power business, including but not limited to,
business risks, competition risk, financial risk etc and its mitigating factors.
9. Whether the investment in the Solar PV Power Station is subject to the
shareholder approval and the relevant government authorities (other than SEDA)
and the estimated time frame for submission of the application to the relevant
authorities.
10. A statement by the Board of Directors, excluding interested directors
stating whether the investment in the Solar PV Power Station is in the best
interests of the Company, and where a director disagrees with such statement, a
statement by the director setting out the reasons and the factors taken into
consideration in forming that opinion.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Page 2/-
Yours faithfully
HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/TEK
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)
Company Name: IRM GROUP BERHAD
Stock Name: IRMGRP
Date Announced: 15/03/2012
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: TE-120314-51448
Subject: OTHERS
Description: IRM GROUP BERHAD ("IRMGB" OR "THE COMPANY")
- FEED-IN APPROVAL GRANTED BY THE SUSTAINABLE ENERGY DEVELOPMENT AUTHORITY MALAYSIA ("SEDA")
Query Letter content: We refer to the Company's announcement dated 13 March 2012, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
1. The existing principle activities of IRM Group and whether the installation
of the Solar PV Power Station and the sale of electricity generated to TNB will
signify the diversification in operations pursuant to paragraph 10.13 of the
Main Market Listing Requirements.
2. The rationale for venturing into the Renewable Energy (RE) business.
3. Total capital commitment required for the RE business and the source of
funds.
4. Whether the Company has the capability, experiences and resources to
undertake the RE business. If so, please substantiate it with the key
management involved and their work experience.
5. Background information on the Feed-In Tariff to be undertaken and whether
your Company has received any written commitment from SEDA / TNB for the sale
of electricity.
6. Salient terms of the agreement in relation to Feed-In Tariff and to make
such agreement available for inspection.
7. The prospects of the solar power industry in Malaysia.
8. The risks factor of solar power business, including but not limited to,
business risks, competition risk, financial risk etc and its mitigating factors.
9. Whether the investment in the Solar PV Power Station is subject to the
shareholder approval and the relevant government authorities (other than SEDA)
and the estimated time frame for submission of the application to the relevant
authorities.
10. A statement by the Board of Directors, excluding interested directors
stating whether the investment in the Solar PV Power Station is in the best
interests of the Company, and where a director disagrees with such statement, a
statement by the director setting out the reasons and the factors taken into
consideration in forming that opinion.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Page 2/-
Yours faithfully
HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/TEK
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)
FSBM - MULTIPLE PROPOSALS
Announcement Type: General Announcement
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: FSBM HOLDINGS BERHAD
Stock Name: FSBM
Date Announced: 15/03/2012
Announcement Detail:
Type: Announcement
Subject: MULTIPLE PROPOSALS
Description: FSBM HOLDINGS BERHAD ("FSBM" OR "COMPANY")
(I) PROPOSED SHARE PREMIUM REDUCTION;
(II) PROPOSED PAR VALUE REDUCTION;
(III) PROPOSED AMENDMENT;
(IV) PROPOSED PRIVATE PLACEMENT;
(V) PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
(VI) PROPOSED EXEMPTION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: FSBM HOLDINGS BERHAD
Stock Name: FSBM
Date Announced: 15/03/2012
Announcement Detail:
Type: Announcement
Subject: MULTIPLE PROPOSALS
Description: FSBM HOLDINGS BERHAD ("FSBM" OR "COMPANY")
(I) PROPOSED SHARE PREMIUM REDUCTION;
(II) PROPOSED PAR VALUE REDUCTION;
(III) PROPOSED AMENDMENT;
(IV) PROPOSED PRIVATE PLACEMENT;
(V) PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
(VI) PROPOSED EXEMPTION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
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