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IRIS Corporation Bhd (IRIB.KL)

IRIB.KL on Kuala Lumpur Stock Exchange

0.19MYR
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Iris Corporation provides clarification on signing of Letter of Intent
Tuesday, 25 Apr 2017 05:53am EDT 

April 25 (Reuters) - Iris Corporation Bhd ::Clarifies that ICB on 21 april 2017 signed a letter of intent with Zwipe AS and MCS Microsystems Sdn Bhd.Refers to the article entitled "boardroom shake-up brewing in iris" published in the focusm on friday, 21 april 2017.Iris corporation says ICB is also in midst of negotiating partnership with Mimos Technology Solutions Sdn Bhd.  Full Article

Iris Corporation updates on legal proceedings
Tuesday, 28 Mar 2017 06:27am EDT 

Iris Corporation Bhd : Refers to ICB’s announcement in relation to a suit, ICB clarifies that it does not foresee any estimated potential liability will be arisen from the suit . ICB is of the opinion that the plaintiff’s action in filing the suit is vexatious and frivolous . ICB is not expected to incur losses arising from the suit ."There is no financial and operational impact arising from the suit as plaintiff has never secured any contract in favour of ICB".  Full Article

Iris Corp says Roxwell Group filed a writ of summons against ICB
Thursday, 23 Mar 2017 06:33am EDT 

Iris Corporation Bhd - : Roxwell Group filed a writ of summons at High Court Of Kuala Lumpur against ICB being first defendant and four others . Plaintiff is claiming for an alleged commission payment in the amount of 169.5 million rgt ."No material impact to the Iris Group arising from suit ".  Full Article

Iris corporation clarifies on press release entitled “IRIS on divestment trail"
Tuesday, 21 Mar 2017 05:13am EDT 

Iris Corporation Bhd : Contemplating to embark on proposals mentioned in article , parties are still in early talks and no finalised scheme been agreed upon . Refers to article entitled “IRIS on divestment trail" appearing in the edge financial daily dated, 21 march 2017, Source (http://bit.ly/2n36wXY) Further company coverage: [IRIB.KL] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Iris Corporation's deputy Managing Director arrested on corruption charges
Friday, 20 Jan 2017 05:32am EST 

Iris Corporation Bhd : Deputy managing director of co Hamdan Bin Mohd Hassan was arrested by the Malaysian Anti-Corruption Commission on 19 January 2017 . Hamdan has been alleged to have abused his power and to have been involved in corrupt practices in e-passport project for government of Republic of Guinea . Remand of Hamdan will not have any implications on the validity of the contract between ICB and the government of the Republic of Guinea . Remand of Hamdan will not have any material effect on the earnings and net assets of the company .Hamdan's present duties and responsibilities as acting CEO of ICB will be taken over by current COO, Choong Choo Hock.  Full Article

Iris Corporation updates on legal proceeding
Tuesday, 15 Nov 2016 05:11am EST 

Iris Corporation Bhd :Updates on legal proceeding; co claims apology to be published in the star and utusan malaysia newspapers and 5 million rgt compensation.  Full Article

IRIS Corporation Bhd - yam dato'Serishahabuddinbin Tunku Besar Burhanuddin resigns as vice chairman
Tuesday, 30 Aug 2016 06:45am EDT 

IRIS Corporation Bhd : Yam dato' Serishahabuddinbin Tunku Besar Burhanuddin resigned as vice chairman .  Full Article

IRIS Corporation Bhd enters into supply agreement with IRIS smart technologies
Thursday, 11 Aug 2016 06:33am EDT 

IRIS Corporation Bhd : Entered into a supply agreement with IRIS smart technologies ltd for the supply of 2.5 million units of the 32-pages nigerian electronic passport . Total price USD42.5 million . Source (http://bit.ly/2bkNjvb) ((Further company coverage: [IRIB.KL])) ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

IRIS Corporation Bhd updates on contract with ministry of interior and public security of the Republic of Senegal
Monday, 30 May 2016 05:21am EDT 

IRIS Corporation Bhd : Entered into a contract with the ministry of interior and public security of the republic of senegal on 2nd may, 2016 . Moi for production and supply of 10 million new multi-application identity biometric cards based on contactless chip technology and 10 fingerprint biometry . Says deal for a total contract price of EUR76,200,000 . Contract is expected to contribute positively to icb groups earnings for the FY ending 31st March, 2017 and fys thereafter for duration of contract .  Full Article

IRIS Corporation enters into sale and purchase agreement with Edmund Fong R Boon
Wednesday, 11 May 2016 12:51am EDT 

IRIS Corporation Bhd : Entered into a sale and purchase agreement with edmund fong r boon, for the proposed disposal of Versatile Creative berhad . Deal for a total purchase price of 21 million rgt . Proposed disposal is not expected to have any material effect on net assets, EPS of icb group for FY ending 31 March 2017 .  Full Article

More From Around the Web

BRIEF-Iris Corporation provides clarification on signing of Letter of Intent

* Clarifies that ICB on 21 april 2017 signed a letter of intent with Zwipe AS and MCS Microsystems Sdn Bhd