IRMGRP - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | IRM GROUP BERHAD |
| Stock Name | IRMGRP |
| Date Announced | 9 Apr 2013 |
| Category | General Announcement |
| Reference No | CS-130409-906D4 |
| Type | Announcement | ||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||
| Description | IRM GROUP BERHAD ("IRMGB" or "the Company") - DEALINGS IN SECURITIES OF IRMGB OUTSIDE CLOSED PERIOD PURSUANT TO PARAGRAPH 14.09 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD | ||||||||||||||||
Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Mr. Chan Kam Fut, a Director of the Company, had given notice of his dealings in the securities of the Company outside the closed period, details as set out in the table below:- Ordinary Shares of RM 0.50 each Direct Interest
Indirect Interest
Remarks:- * Deemed interested by virtue of his shareholding in Luan Seng Bros Trading Co. Sdn. Bhd. This announcement is dated 9 April 2013 | |||||||||||||||||
IRMGRP - PRACTICE NOTE 1 / GUIDANCE NOTE 5:NEW DEFAULT
Announcement Type: General Announcement
| Company Name | IRM GROUP BERHAD |
| Stock Name | IRMGRP |
| Date Announced | 9 Apr 2013 |
| Category | General Announcement |
| Reference No | CS-130409-906D5 |
| 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 major subsidiary of the Company has defaulted in its' repayment of the following trade facilities to Hong Leong Bank Berhad (“HLBB”) and Al-Rajhi Banking & Investment Corporation (Malaysia) Berhad (“Al-Rajhi”) (collectively known as “the Banks”):-
a) Date of default Al-Rajhi – 20/3/2013 HLBB – 5/4/2013 b) Reasons for the default Inability to generate sufficient cashflow due to low 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. 2) To renegotiate with all banks to restructure ALL existing banking facilities. The Company has started negotiation with the Banks on 15/3/2013 and official proposal for repayment scheme was submitted to the Banks on 15/3/2013 for their consideration and approval. 3) To negotiate with banks for additional banking facilities to allow the Company to continue its business operation in full capacity. 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 . e) The business, financial and operational impact of the default 1) Lower volume of production and as a result, lower profitability. 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 | ||||||||||
IRMGRP - Changes in Director's Interest (S135) - Chan Kam Fut
Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
| Company Name | IRM GROUP BERHAD |
| Stock Name | IRMGRP |
| Date Announced | 9 Apr 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CS-130409-906D3 |
Information Compiled By KLSE
Particulars of Director
| Name | Chan Kam Fut |
| Address | 36, Jalan Buluh Perindu, Taman Sa, 2nd Mile Jalan Damansara, 59000 Kuala Lumpur, Wilayah Persekutuan |
| Descriptions(Class & nominal value) | Ordinary Shares of RM 0.50 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 650,500 | 0.155 |
| Circumstances by reason of which change has occurred | Disposal of Shares |
| Nature of interest | Direct and Indirect |
| Consideration (if any) | 0 |
Total no of securities after change | |
| Direct (units) | 0 |
| Direct (%) | 0 |
| Indirect/deemed interest (units) | 228,600 |
| Indirect/deemed interest (%) | 0.18 |
| Date of notice | 09/04/2013 |
| Remarks : |
| Overall Interest:- Indirect Interest Luan Seng Bros Trading Co. Sdn. Bhd. - 100,000 Ordinary Shares (Deemed interest by virtue of the his shareholding in Luan Seng Bros Trading Co. Sdn. Bhd.) Chan Yin Jun - 125,000 Ordinary Shares Chan Yin Kitt - 3,600 (Deemed interest by virtue of his sons' shareholdings) |
RCECAP - PROVISION OF FINANCIAL ASSISTANCE
Announcement Type: General Announcement
| Company Name | RCE CAPITAL BERHAD |
| Stock Name | RCECAP |
| Date Announced | 9 Apr 2013 |
| Category | General Announcement |
| Reference No | RC-130409-43785 |
| Type | Announcement |
| Subject | PROVISION OF FINANCIAL ASSISTANCE |
| Description | Quarterly disclosure for the period ended 31 March 2013 pursuant to Paragraph 8.23(2)(e) of Bursa Malaysia Securities Berhad Main Market Listing Requirements |
RCE Capital Berhad wishes to announce the status of the above in relation to its moneylending business as at 31 March 2013. This announcement is dated 9 April 2013. | |
SAAG - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Announcement Type: General Announcement
| Company Name | SAAG CONSOLIDATED (M) BHD |
| Stock Name | SAAG |
| Date Announced | 9 Apr 2013 |
| Category | General Announcement |
| Reference No | SC-130409-65310 |
| Type | Announcement |
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
| Description | SAAG Consolidated (M) Bhd (“SAAG” or “the Company”) - Kuala Lumpur High Court Winding-Up Petition No.: 28NCC-304-04/2013) - Ambank (M) Berhad (Petitioner) vs SAAG (Respondent) |
Further to the announcement dated 16 January 2013, the Board of Directors of SAAG wishes to announce that the Company has on even date received the following documents :- a) a copy of the sealed Petition dated 4 April 2013; b) a copy of the affidavit verifying petition affirmed by Lili Lim 0n % April 2013; c) a copy of the affidavit veryfying petition affirmed by Christina Lim May Ling on 5 April 2013 by way of service from Gan Partnership, the solicitors acting for the Petitioner. The Petition is fixed for case management on 18 April 2013 and fixed for hearing on 21 June 2013. The Company does not envisage remedying due to financial constraints in the Group as announced under PN 17. As such, the Company is not in a position to prepare a defence to avoid eventualities which arises from the said Order. This announcement is dated 9 April 2013. | |
FARMBES - Changes in Sub. S-hldr's Int. (29B) - Datuk Fong Kiah Yeow
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | FARM'S BEST BERHAD |
| Stock Name | FARMBES |
| Date Announced | 9 Apr 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-130409-70ED1 |
Particulars of substantial Securities Holder
| Name | Datuk Fong Kiah Yeow |
| Address | No 70, Jalan Tun Fatimah Durian Daun 75400 Melaka |
| NRIC/Passport No/Company No. | 541219-04-5003 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | JF APEX Nominees (Tempatan) Sdn Bhd - PLEDGED SECURITIES ACCOUNT FOR F.C.H. Holdings Sdn Bhd 3rd Floor, Wisma APEX 145 A0C Jalan Bukit 43000 Kajang, Selangor Darul Ehsan MERCSEC Nominees (Tempatan) Sdn Bhd - F.C.H. Holdings Sdn Bhd 3rd Floor, Wisma UMNO Lorong Bagan Luar Dua 12000 Butterworth, Penang Kenanga Nominees (Tempatan) Sdn Bhd - PLEDGED SECURITIES ACCOUNT FOR Datuk Fong Kiah Yeow Level 8, Kenanga International Jalan Sultan Ismail 50250 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 05/04/2013 | 46,000 | 0.577 |
| Acquired | 08/04/2013 | 20,000 | 0.580 |
| Remarks : |
| The Form 29B was received on 9 April 2013. |
FARMBES - Changes in Sub. S-hldr's Int. (29B) - F.C.H. Holdings Sdn Bhd
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | FARM'S BEST BERHAD |
| Stock Name | FARMBES |
| Date Announced | 9 Apr 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-130409-70EB0 |
Particulars of substantial Securities Holder
| Name | F.C.H. Holdings Sdn Bhd |
| Address | Block 8-16-1, Jalan 15/155B Arcade Esplanad, Taman Bukit Jalil 57000 Kuala Lumpur |
| NRIC/Passport No/Company No. | 57091-T |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | JF APEX Nominees (Tempatan) Sdn Bhd - PLEDGED SECURITIES ACCOUNT FOR F.C.H. Holdings Sdn Bhd 3rd Floor, Wisma APEX 145 A0C Jalan Bukit 43000 Kajang, Selangor Darul Ehsan MERCSEC Nominees (Tempatan) Sdn Bhd - F.C.H. Holdings Sdn Bhd 3rd Floor, Wisma UMNO Lorong Bagan Luar Dua 12000 Butterworth, Penang |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 05/04/2013 | 46,000 | 0.577 |
| Acquired | 08/04/2013 | 20,000 | 0.580 |
| Remarks : |
| The Form 29B was received on 9 April 2013. |
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