so you dont exit la at 0.540 your tp before?
haha

This post has been edited by BabyZebraCrossing: Mar 7 2014, 08:25 PM

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING IRIS CORPORATION BERHAD (“IRIS” OR “COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF IRIS (“PROPOSED PRIVATE PLACEMENT”)

This announcement is dated 10 March 2014.

Reference is made to the Company’s earlier announcements dated 6 March 2014 in relation to the Proposed Private Placement (“Earlier Annoncement”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcement.

On behalf of the Board of Directors of IRIS, AmInvestment Bank Berhad wishes to announce that the components of the working capital as stated in Section 2.6 of the Earlier Announcement would include, but not limited to the following:-

(a) for IRIS’ existing business. IRIS’ existing business, includes, the following segments:-

(i) trusted identification segment such as for the e-Passport and e-Identification Card;

(ii) payment and transportation segment such as the automated fare collection project;

(iii) KOTO Industrialised Building System segment. The IRIS’ KOTO Industrialised Building Systems offers a high speed, fully integrated building system – with pre-fabricated lightweight panels (components) for all parts of the building, including the foundation, wall, ceiling, roofing, columns and beams;

(iv) The food & agro technology and sustainable development segments. The sustainable development mainly refers to projects by IRIS to transform the economic, social and environmental well being of the affected areas for example the Rimbunan Kaseh projects in Pahang and Melaka; and

(v) Environment and renewable energy segment such as Waste-to-Energy Incinerator Plant in Phuket, Thailand and Food Waste-to-Fertilizer Plant in Weinan China.

(b) payment to creditors;

© repayment of borrowing for example revolving credit and/or overdraft facility specifically drawn down for working capital purposes; and

(d) operating/ administrative expenses

http://www.bursamalaysia.com/market/listed...cements/1562581

This post has been edited by genchwan: Mar 10 2014, 10:05 PM

IRIS aims to win back MyKad contract at any cost

IRIS Corp Bhd, the creator of the MyKad, aims to win back the MyKad contract at any cost, said its Chief Executive Officer for Trusted Identification Division, Datuk Hamdan Mohd Hassan.

Hamdan said that the company lost the contract in 2010, as the rival offered competitive pricing.

"Yes, we want the contract, which was taken away from us. The company held it from April 2001 until 2010," he told Bernama.

He said, it was also not because IRIS could not adhere to the standards required, but that they were lowered.

"When MyKad was introduced, we installed eight utility applications in the card — among them, automated teller machine, Malaysian Electronic Payment System and Touch ‘N’ Go. The current contract holder has fewer now," he said.

Hamdan said that IRIS wanted the government to open the tender, rather than to extend it for existing holder.

"IRIS wants to compete and bid for the contract at much lower cost," he said

On what IRIS could add to the MyKad, if it won the contract, Hamdan said that the company would include health records.

"We want to offer new versions of the cards," he said.

why is it in dropping trend recently?

Published: Tuesday April 15, 2014 MYT 12:00:00 AM
Updated: Tuesday April 15, 2014 MYT 7:08:29 AM
Iris forms JV in Papua New Guinea

KUALA LUMPUR: Iris Corp Bhd has entered into a US$22mil (RM71.2mil) joint-venture (JV) agreement with Papua New Guinea-based Alvery Resources Ltd for the development of agricultural business.

In a filing with Bursa Malaysia, Iris corp said the JV was for the proposed development of 100,000ha of land in Papua New Guinea for agricultural and business purposes including but not limited to land clearing, logging, plantation and setting up of factories for various agricultural commodities.

“The proposed agreement is to enable Iris to expand its business in the realty and development industry overseas, expanding on plantation and plantation commodities and related businesses,” it said.

Any news on this counter?

Always got volume this counter

laosai

why?

Iris wins job as approved refund agent for GST

Iris Corporation Bhd has been appointed as the "approved refund agent" for the Goods and Services Tax (GST) refund services to foreign tourists, under the Tourist Refund Scheme, confirming a StarBiz report on Saturday.

In a statement to Bursa Malaysia on Monday, the group said the job was awarded by the Royal Malaysia Customs via its the group's unit Iris Information Technology Systems Sdn Bhd.

Iris said investment of the tender is RM155mil but Iris will be paid an fee of 15% from the GST Refund Services.

The appointment is for a term of three years, where it will be financed through internally generated funds and bank borrowings.

Iris expects the job to contribute positively to the financial results of the group in the long run, it said.

win project so wat?

Will bull run in 2015! GST year 2015. 2+ months to go.

There are rumors circulating that it may get project to rebuild homes of flood victims in East coast. Big money coming. End Dec 0.25. Now ady 0.30. So Keep a watch out for this little bull !

PROPERTY development will become Iris Corp Bhd’s biggest earnings contributor by 2017 should plans put in place over the last two years bear fruit. While it is still early days, the agreements and proposals of the last few years is certainly setting the company on that path.

The company is planning to develop property in Papua New Guinea’s (PNG) capital, Port Moresby, the neighbouring Solomon Islands and the tiny island-nation of Palau. This is in addition to inking another deal last month to jointly develop 11.69ha of land in Bukit Jalil, Kuala Lumpur with Technology Park Malaysia Sdn Bhd, a government agency and current projects joinly developed with other Malaysian government and state government agencies.

Iris’ first property venture in PNG is Gerehu Heights, a 13ha gated project that it is jointly developing with Kida Maru Holdings Ltd with a gross development value (GDV) of RM300mil.

Govt cancels RM1bil NIISe contract
https://www.thestar.com.my/news/nation/2023...-niise-contract

The government has cancelled the RM1 billion worth contract for the National Integrated Immigration System (NIISe) project that was awarded to IRIS Information Technology Systems Sdn Bhd.

According to sources, the company had been facing delays in completing the project.

"Only about 10% of the NIISe project has been completed so far despite it being awarded in 2020. It has also been classified as a 'sick' project due to the delays in finishing it," said the source.

The source also revealed that the company had even decided to sell the project after it was not able to afford to go forward with the project.

NIISe, a project under the Home Ministry, was originally contracted to be completed fully in 2024.

It was set to replace the myIMMs system used by the Immigration Department which has been in operation for over 20 years.

Good luck to new owner...

70mil wasted on buying the company that gotten the project

This post has been edited by nexona88: Mar 11 2023, 10:37 PM

What comes around, goes around.

This post has been edited by icemanfx: Mar 11 2023, 10:57 PM

Another U turn decisions

https://www.malaymail.com/news/malaysia/202...saifuddin/59143

Now saying yet to make decisions 😂

Not official don’t read too much to the so called source 🤦‍♀️

Sometimes those so called source is actually insiders working there (MoF or IRIS)