Support our sponsors:

NZX 50 Index	4611.96	2.40
S&P/ASX 200	5191.20	0.00
Dow Jones Industrials	14839.80	21.00

Twitter

Facebook

RSS

All IRG shareholders will get shares in MyKris by way of an inspecie distribution.

IRG

Friday 6th January 2012

Text too small?

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.

DISCLAIMER: To the extent that any of the content above constitutes advice, it is general advice that has been prepared without reference to investor’s objectives, financial situation or needs. Before acting on any advice, investors should consider the appropriateness of the advice and IRG recommend that investors should obtain appropriate financial, legal and taxation advice before making any financial investment decision. The report is based on information compiled from public information and private research. IRG have completed the report on a best endeavours basis and do not accept any liability of loss or damage. IRG suggest that clients use this as part of a decision making process and check key data before making any investment decisions.
Employees may have an interest in the securities discussed in this report.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.