so frequent up and down, how many ppl still can so determine til last?

so obvious that got ppl requiring huge amount of shares, up & down in order to collect the share...

iris everyday set so many trap , up down up down...

ImCK, coz we are all small fishes, only the speculator can control the price, even we wanna it up, speculator just simply place a 2 mils block there, all ppl will panic already...

crucial is 23/4/14

high chance obama will be invited to visit the rimbunan kaseh, just my guessing

flying

waiting chance to get in....so many shares being collected, once it move again, it really high possible to reach cimb tp

no lar, rlch, just base on previous history, EPF keep buying, selling, like worry about bursa no business ....

that was 21/4, maybe tomorrow will release a new announcement for 22/4 , EPF dispose xxxxx shares

lol, so stingy to buy 139600 shares? even small fish can afford @@"

mpay keep breaking new high, iris seems like going to lose the trs...

100k is pure little small fish, a number that shark like to swallow

chill lar, we are all small fishes, we wont be able to affect the price at all~

volume high doesn't mean uptrend, it might be high volume being disposed to small fish @@"

ytl has no big volume before, is a good sign ?

not really...those money used for purchased the vertxxxx shares, used to invest in papua, used in bla bla bla, those money cannot be seen return so fast 1, at least 1 year....

if i see datuk tan say jim, gonna tell him, dun rush for too fast, wanna ask for more fund to support, prove us something in revenue and profit first, not just picture! if got good evidence and improvement, tons of aunty uncle willing to take out their epf to support you @@"

hopefully the next financial report will show some huge profit, else iris really just talking cock, as few agro farms have already start producing, the profit should have big difference,,,,

most dead fans like me has quit from iris, tat's mean it is going to fly very soon~

have to wait til everybody here say negative comment on iris 1st, then it will fly

steelheart, you really buy so many counter or so coincident that the counter attract us are same~?

but the action is almost nothing...

finally iris takes some action..

5. RISK FACTORS

Like all business entities, risk factors involved in this joint venture include but are not limited to execution risks, such as business expansion, prudent financial management, economics and regulatory conditions. There are no assurance that the anticipated benefits from the Agreement will be realized immediately, nevertheless the Board of Directors has and will continue to exercise due care in considering the risks and benefits associated with this Agreement and will take appropriate measures in planning the successful implementation of the Agreement with its current business operations.

6. FINANCIAL EFFECTS ON THE AGREEMENT

The joint venture is not expected to have any effect on the issued and paid-up capital, substantial shareholders’ shareholding, net assets per share and gearing of the ICB Group for the financial year ending on 31st March 2015. Barring unforeseen circumstances, the Board is of the opinion that the joint venture will contribute positively to the earnings of the ICB Group in the future.

7. APPROVALS REQUIRED

This Agreement does not require the approval of ICB shareholders or any relevant government authority.

8. DIRECTORS AND MAJOR SHARE HOLDERS INTERESTS

None of the directors, major shareholders, persons connected with the directors or major shareholders of ICB or any of its subsidiaries have any interest, direct or indirect, in the Project.

9. STATEMENT OF THE BOARD OF DIRECTORS

The Board of Directors of ICB, after taking into consideration all aspects of the Joint Venture Agreement is of the opinion that the Agreement is fair, reasonable and is in the best interest of the ICB group.

10. DOCUMENT FOR INSPECTION

The Joint Venture Agreement shall be available for inspection at the registered office of ICB during office hours at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur for q period of three (3) months from the date of this announcement.

This announcement is dated 21st April, 2014.

3. CONTENTS OF THE JOINT VENTURE AGREEMENT

The salient terms of the Agreement are inter alia as follows:-

Promptly after the execution of this Agreement, ICB through its wholly owned subsidiary IRIS Information Technology System Sdn Bhd ("Tender Applicant"), on behalf of the JVCo shall apply and submit to the proper authorities to participate in the tender with the aim to obtain the necessary authorisation which will allow the JVCo to carry out the GST Refund Services in Malaysia("Tender"), on the condition that the Tender shall be awarded to the JVCo, if the Tender Applicant is successful in the Tender. If the Tender is awarded to the Tender Applicant and a notice of award in respect of the Tender is issued to the Tender Applicant, ICB shall procure and cause the Tender Applicant to promptly novate, assign or transfer the Tender award to the JVCo at no cost.In the event the Tender is not awarded to the JVCo or to the Tender Applicant with a right to novate, assign or transfer the Tender Award to the JVCo, this Agreement shall terminate and deemed null and void and of no further effect and neither party shall have any claim against the other hereunder save in respect of any antecedent breach of this Agreement. Each Party shall bear its own costs and expenses incurred prior to such termination.

The JVCo will be incorporated by Global Blue with a minimal initial equity capital until the outcome of the Tender has been announced and awarded to the JVCo. Following the capitalisation of the JVCo by the parties, the JVCo shall consist of at least 5,000,000 shares, all of which shall be duly authorized, validly issued and fully paid and non-assessable and all shares shall have equal rights in all respects such as, but not limited to, voting, income and capital rights.

c. ICB shall be the owner of fifty one per cent (51%) of the issued and outstanding shares, and Global Blue shall be the owner of forty nine per cent (49%) of the issued and outstanding shares of the JVCo. At all times hereafter, unless the parties agree otherwise, all shares of the JVCo shall have equal rights, including voting, capital and income rights.

d. The authority and responsibility for the management and supervision of the JVCo and the business/operations of the JVCo shall vest in the Board subject to the provisions of this Agreement and applicable laws of Malaysia. The parties agree that in recognition of Global Blue's expertise in operating and managing the GST business, the Managing Director shall be appointed by the Board from one of the directors nominated by Global Blue and the management of the day-to-day operations of the JVCo, including such matters agreed by the Board from time to time, shall vest in the Managing Director.

e. The Country Manager shall act as the operative manger of the JVCo having responsibility for matters such as sales and marketing. The parties agree that the Country Manager shall be nominated by Global Blue and shall be appointed by the Board.

4. RATIONALE OF THE AGREEMENT

The Joint venture is is to enable the ICB Group to expand its business in the the operations of the GST Refund Services to foreign travelers and any ancillary or related activities of any kind.

5. RISK FACTORS

Like all business entities, risk factors involved in this joint venture include but are not limi

JOINT VENTURE AGREEMENT ENTERED INTO BY AND BETWEEN GLOBAL BLUE S.A. (“GLOBAL BLUE”) AND IRIS CORPORATION BERHAD (‘ICB”) ON 9TH DECEMBER 2013 FOR THE PURPOSE OF PROVIDING GST REFUND SERVICES TO FOREIGN TRAVELLERS IN MALAYSIA



INTRODUCTION

The Board of Directors of IRIS Corporation Berhad (“ICB”) is pleased to announce that it had on 9th December 2013 entered into a Joint Venture Agreement (“Agreement”) with Global Blue S. A. (“Global Blue”) for the purpose of forming a new joint venture company (“JVCo”) to participate in the tender to be launched by the authorities of the Government of Malaysia to carry out the GST Refund Services in Malaysia.



INFORMATION ON GLOBAL BLUE S.A.

GLOBAL BLUE S.A. is corporation organized and existing under the laws of Switzerland and having its registered office at Route de Crassier 7,1262 Eysins, Switzerland and has developed and acquired techniques, know how, proprietary information, trademarks and distinctive logos and signs relating to the marketing, financing and operation of a business, which allows for refund of GST and similar taxes to eligible foreign travelers in relation to the sale of goods intended for export, herein referred to as the “GST Refund Services”;

Global Blue has the intention to expand its business of providing the GST Refund Services to such countries where it is legally and commercially feasible to do this business and was interested in establishing the GST Refund Services in Malaysia and agreed to form a new joint venture company for such purpose together with ICB as its partner and commencing the business of the GST Refund Services in the Territory.

normally end of this month

no lar, just wanna say wat i think, i will reenter to iris anytime, even at RM1, just wanna seek for better trend first..

coz.....i wanna buy iris at cheaper price.....T.T, pls help me....

very cool rebound, suddenly steam

that's why dun bet lor, facing too many uncertainties just escape, rather earn less, dun lose money...

the mykad not even opened to tender, straight away awarded to dsonic already, what do you think?

malaysia apa tak boleh? ==''

got drop meh? still in green colour....

steelheart buy too many counters already....@@" maybe he got few millions capital

lol, i hold 0 shares at the moment, eyeing on iris, waiting chance to enter, i dunwan to bet at the trs project

if all the investor mindset are as sexy as you, should be no problem, but history tell me, most of the time at that situation, sell in panic very easy to be triggered especially it loses to small company, very shameful ...@@"

i meant if you got the insider news, you wont talk bout long term, can get in cheaper price why pay more~~?==''

lol, lying~

just ask yourself lor, if you got the insider news 100% confirm iris will not get trs project, will you hold your share or sell it first? or you will sell everything to pump more money in?

if mpay get the project, it will shoot to 0.5 easily

dunwan, mpay this name telling me if i buy at current price, high chance will become " me pay", gonna be trapped 99><

wee wang wang , wee wang wang....

this share is still very sensitive, many contra player sees the price fall abit will faster sell, scare already

what if iris lose the trs project? if you get the insider news know that iris will lose the trs project, will you sell iris first then only buy back later on?

tat's why when iris still wanna pp i was very piss off, I heard it was selling to some big boss then felt better, but it ended up with sell to public via ambank & rhb, iris made me feel being betrayed @@"

lol, so so so so rich, dreamM

mpay is attracting my eye ball, but i dun chase high, i rather eat bread everyday @@"

i din wait for any price to in, wait for the east wind to start blowing first~