PETALING JAYA: Financially-distressed IRM Group Bhd will be seeing the emergence of a white knight in the form of automotive parts maker Permintex Automotive Sdn Bhd (PASB) to assist on the former’s regularisation plan, which includes a reverse takeover.
In a filing with Bursa Malaysia, the company said IRM had entered into an agreement with PASB to assist its unit, IRM Solar Sdn Bhd, to complete its 5 Megawatt solar energy farm in Perlis.
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