not some stake. felda is Iris major shareholder.

They took d $ n takeover loss making Versatile

I now I know after reading the Private Placement announcement.

Felda are Not listed, only Felda Global Ventures (FGV) are listed

Bingo

I thought FGV is more generous to sign deals ........

I'm confuse with your statement

IRIS Corp signs RM793.21 mln BOT agreement with Guinea

Iris Corporation Bhd (ICB) has entered into a RM793.21 million Build-Own-Transfer (BOT) agreement with Guinea, to supply and implement secure chip technology solutions and its related software and hardware.

The contract is for 15 years, the company said in a filing to Bursa Malaysia today.

Under the BOT project financing model, ICB will build and own the information systems, software and hardware under the contract, during the term only and upon expiration, ownership of the same will be transferred to the client.

"The company will finance the cost of design, procurement, supply, manufacture, testing and commissioning of the products, and provide maintenance and operational support during the term.

"The operations of the information system shall be undertaken by the client and hence, this is termed a BOT model," said ICB.

It said, implementation of the contract would be funded by internally-generated funds and bank borrowing.

LETTER OF ACCEPTANCE OF TENDER [CONTRACT NO: 100063294) (“SURAT SETUJU TERIMA”) TO IRIS CORPORATION BERHAD ( “ICB /“COMPANY”) FROM FELDA TO CONSTRUCT AND BUILD AN INTEGRATED COMMUNITY CENTRE IN FELDA PALONG 21, WILAYAH RAJA ALIAS, NEGERI SEMBILAN DARUL KHUSUS UNDER THE SENTUHAN KASEH PROJECT

The Board of Directors of the Company hereby replies to a verbal enquiry made by Bursa Malaysia Securities Berhad regarding the financial impact of the Letter of Acceptance to the ICB Group announced on 10th October 2013. The Announcement dated 10th October 2013 was a follow up from the announcement made on the 19th September 2013 on the MOU executed between FELDA and the Company relating to the Sentuhan Kaseh Project.

The Board is of the opinion that the LOA is not expected to have any material effect on the earnings, net assets, share capital, gearing and substantial shareholder’ shareholding of the ICB Group for the financial year ending 31st March 2014 and barring unforeseen circumstances, the LOA is expected to contribute positively to the earnings and earnings per share of the ICB Group in the future.

This announcement is made on 18th October 2013.

Iris clinches RM793.2m Guinea job

Iris Corp Bhd has secured a US$249.75m 15 years build, own and transfer contract with the Republic of Guinea for the supply and implementation of secure chip technology solutions, the information technology firm announced yesterday. It said the contract will contribute positively to its earnings in its next financial year ending 31 March, 2015. The contract includes implementation of secure chip technology solution in the electronic passports, visa, permanent residence identification cards and its related software and hardware. (Malaysian Reserve)

Source: CIMB Daybreak - 18 October 2013

Got a letter about cash offer. I only have 100 lot in Versatile. How much can I get? It stated ordinary share rm1 each in Versatile for a cash offer price of rm0.50 per offer share. Pening pening.

If u hold 1,000 shares, u will get RM500 cash

100 shares means rm50 lo? haha

Wat is yo cost of investment?

PROPOSED CONDITIONAL TAKE-OVER OFFER BY IRIS HEALTHCARE SDN BHD, VERSATILE CREDIT & LEASING SDN BHD, DATUK TAN SAY JIM AND DATO' LEE KWEE HIANG (COLLECTIVELY, THE "JOINT OFFERORS") THROUGH MIDF AMANAH INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN VERSATILE CREATIVE BERHAD NOT ALREADY OWNED BY THE JOINT OFFERORS ("OFFER SHARE(S)") FOR A CASH OFFER PRICE OF RM0.50 PER OFFER SHARE ("PROPOSED OFFER")

http://www.bursamalaysia.com/market/listed...cements/1447845

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY MIDF AMANAH INVESTMENT BANK BERHAD, ON BEHALF OF IRIS HEALTHCARE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF IRIS CORPORATION BERHAD ("ICB"), VERSATILE CREDIT & LEASING SDN BHD, DATUK TAN SAY JIM AND DATO' LEE KWEE HIANG (COLLECTIVELY REFERRED TO AS THE "JOINT OFFERORS") TO ACQUIRE ALL THE ORDINARY SHARES OF RM1.00 EACH IN VERSATILE CREATIVE BERHAD ("VCB") ("VCB SHARE(S)") NOT ALREADY OWNED BY THE JOINT OFFERORS FOR A CASH CONSIDERATION OF RM0.50 PER VCB SHARE ("PROPOSED OFFER")

http://www.bursamalaysia.com/market/listed...cements/1455861

toooooo late to by vcb. now look at kub, drbhicom, bjcorp, skpres

Bpuri toward rm1++, BIMB let go at RM5.20(please follow up this week), drbhicom , mmc , gamuda

Dun get u

PROPOSED CONDITIONAL TAKE-OVER OFFER BY IRIS HEALTHCARE SDN BHD (“IHSB”), A WHOLLY-OWNED SUBSIDIARY OF IRIS CORPORATION BERHAD, VERSATILE CREDIT & LEASING SDN BHD (“VCLSB”), DATUK TAN SAY JIM (“DATUK TAN”) AND DATO’ LEE KWEE HIANG (“DATO’ LEE”) (IHSB, VCLSB, DATUK TAN AND DATO’ LEE COLLECTIVELY REFERRED TO AS THE “JOINT OFFERORS”) THROUGH MIDF AMANAH INVESTMENT BANK BERHAD (“MIDF INVESTMENT”) TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN VERSATILE CREATIVE BERHAD (“VCB”) NOT ALREADY OWNED BY THE JOINT OFFERORS (“OFFER SHARE(S)”) FOR A CASH OFFER PRICE OF RM0.50 PER OFFER SHARE (“PROPOSED OFFER”)

http://www.bursamalaysia.com/market/listed...cements/1461249