Friday 6th January 2012
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Investment Research Group (IRG) advises the market that it has sponsored an application for a new listing on NZAX.
MyKris Limited, a Malaysian based Internet Service provider (ISP) has applied to NZX to list and begin quotation of shares at 12 noon on 10 January 2012. IRG has provided investment banking services to MyKris.1
Please click here to download MyKris Disclosure Documentment (2MB)
Mr. Brent King Managing Director of IRG said “MyKris is a very interesting company. It has strong profits and it is operating in fast growing economies of Singapore, Malaysia and Hong Kong, I think it will be a welcome addition to the local market.”
“There simply are not sufficient options for New Zealanders to invest in this region without using expensive structures. We hope to be able to bring other options in the future” said Mr. King.
All IRG shareholders will get shares in MyKris by way of an inspecie distribution.
The record date for this is 12/1/12 and the details have previously been announced.
Mr King said “I have previously listed companies such as 42 Below, Charlies, Finzsoft, Dorchester as well as I have been involved in other underwriting and placements. The past 2 years haven’t been great for listings however we expect to increase our activity in this area over the next 12 months.”
The Chairman of IRG Mr. Marvin Yee said “IRG has worked very hard over the last 2 years. We have made some significant gains, most of which have not been apparent to the public .Last year we purchased Sharechat.co.nz and we have strengthened our retail broking and advisory businesses. This investment banking transaction is the strongest outward sign of the work undertaken. We will advise the market of further developments as they occur.”
Mr. King said that the MyKris Disclosure Document is available on www.irg.co.nz or www.Sharechat.co.nz. Potential investors should read the document and speak to their usual advisor.
IRG has previously advised the market that it is considering a number of different options for growth and will advise as and when these materialise.
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