true imck... at the end of the day i chose out of iris for now coz felt betrayed by the PP n twice old news announced by company to try to fool investors.. the PNG ic project n now the jv wif trs company..

cjesce_wyne u can pick any stock u think is good for u to gain $$. i just share bout mpay coz there r quite a lot of good people giving good analysis n sincere advice for all to benefit. plus the trs rumour

bought iris @ 54, 58 & 63 ¢ b4 it go to sleep. cut loss @ 55¢ n bought mpay @ 32¢ last week

join mpay bandwagon to recoup iris loss... tomorrow will be another day of rally.. then come back to iris after PP over n if quarter report good

madiba said tomolo got announcement... must be good

alhamdulillah... cut loss from iris n bought 100lot of mpay early last week n now oredi covered my iris loss. will hold tight until trs announcement. anyway, madiba said this rally should run until mid may... thnks madiba n safe flight!

haha! it is up to urself to decide how long ur confidence in 1 counter.. everyday u will hear ppl saying uptrend or downtrend etc. for me, any drop 10% with weak environment, u may want to cut loss first and cari mkn at other counter

look at the date of the agreement, dec. 2013. around the time when trs tender process started. this is old news n not sure why only now announce

i think the pp fiasco has certainly dented investors confidence... plus there should be another tranche of that stupid pp if based on previous announcement. i genuinely thought iris shari could at least test the 53-55¢ level after that PNG extraction deal..

1-2¢ a day is good enuff for me.. ;-)

short term sentiment may be partially dictated by mykad n trs projects so may not be suitable for those wanting quick buck like me. but long term fundementals intact. invest for long term gains. i'd like to see how the q report is come May b4 coming back here.

madiba, i find ur analysis here has been spot on n i thank u for that. just wondering if u r into any other counters dat i can follow. a bit uneasy pinning too much cash on just one counter

yeay! got xtra bullets to buy next week

mmmm.... let's just say i managed to recover my losses here. went there bcoz i'm impressed wif madiba's analysis.

sorry guys... switched to mpay since last week to cut loss. may return later when iris environment more favourable

alhamdulillah.....

think that trs announcement soon. both iris n mpay got some activity n both forums saying got insider news. both might inch up until announcement come out but the loser will burn after that... haish.. not good for my heart

from where i see it, they will push price down to 51¢ or slightly lower n once this PP is settled, the so called goid news will be announced and TA will furnish with another analysis with higher TP. then the up turn will repeat itself... question is, when?

really good news or just goreng?

hate the suspense.. at least just would like to know if the news really coming out today...

haha... then i guess that when theres too much positive comments here shud sell n take profit n when too much negative is time to buy.

real investors celebrate! contra players bye bye!

believe in the force of iris young paduwans... ;)

no need to worry one.... iris fundementals still intact. not yet fly coz external n macroeconomic factors not favourable currently... heck, most other counters are red but iris is unchanged which is good. the company also waiting right time to make more announcement bout pp

been holding iris since 0.39¢ and reading here daily... don't comment much esp wif kk123 around but have full confidenve with what current management doin

more uptrend next 2 days... den maybe slight drop due to contra profit but hopefully not as bad as last week.

happy. ;-)

MEMORANDUM OF UNDERSTANDING MEMORANDUM OF UNDERSTANDING BETWEEN IRIS CORPORATION BERHAD (“ICB” or “COMPANY”) AND THE CPC HANDAN MUNICIPAL COMMITTEE OF THE PEOPLE’S REPUBLIC OF CHINA (“PRC”) DATED 28TH FEBRUARY, 2014

IRIS CORPORATION BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description MEMORANDUM OF UNDERSTANDING BETWEEN IRIS CORPORATION BERHAD (“ICB” or “COMPANY”) AND THE CPC HANDAN MUNICIPAL COMMITTEE OF THE PEOPLE’S REPUBLIC OF CHINA (“PRC”) DATED 28TH FEBRUARY, 2014

MEMORANDUM OF UNDERSTANDING BETWEEN IRIS CORPORATION BERHAD (“ICB” or “COMPANY”) AND THE CPC HANDAN MUNICIPAL COMMITTEE OF THE PEOPLE’S REPUBLIC OF CHINA (“PRC”) DATED 28TH FEBRUARY, 2014

1. INTRODUCTION

The Board of Directors of ICB (“the Board”) wishes to announce that the Company has on 28th February 2014 entered into a Memorandum of Understanding (“MOU”) with the CPC HANDAN MUNICIPAL COMMITTEE OF THE PEOPLE’S REPUBLIC OF CHINA (“HANDAN Municipality”) for the replication and implementation of the Rimbunan Kaseh Project, an agro-economy integrated farming prototype in the city of Handan, PRC.

The Rimbunan Kaseh Project which consist of an integrated agro-economy farming prototype has been successfully implemented by the Company in several states in Malaysia and provides food security and housing using the IRIS-Koto Integrated Building System. It is about making rural space sustainable and this prototype will be replicated and transferred to the Handan Municipality.

This MOU will lead both parties to agree on the details of sustainable projects to be decided and implemented beginning 2014.

2. BACKGROUND OF THE MOU

Handan is located in the south of Hebei province, neighboring with Taihang Mountain to the west and crossing North plain to the east. Bordering with Shanxi, Shandong and Henan three provinces, it governs one city, four districts and 14 counties, and is a famous national historical and cultural city. The Municipality is a prefecture-level municipality and is subject to the jurisdiction of a provincial government, and directly controls some urban districts while overseeing some counties or smaller cities on behalf of the provincial government.

The Deputy Secretary General of Handan People’s Government, the Honourable Mr Liu Hong Ying visited the Company and was keen for IRIS to replicate the Rimbunan Kaseh Project in Handan and believed that it would benefit the city.

3. SALIENT TERMS OF THE MOU

Under this MOU the Company agrees and commits to replicate the successful implementation of the Rimbunan Kaseh Project in Handan and will make its best endeavor and ride on the best practices to provide its expertise and skill towards the success of the Project there. This MOU will be in force for a period of six (6) months from the date of execution and shall expire automatically subject to Parties entering into an extension or entering into a definitive agreement for the Project whichever the sooner.

4. RATIONALE OF THE MOU

Both the Company and the Handan Municipality have reached the following understanding for their respective mutual benefit towards cultivating and ensuring the growth of a productive, healthy and economically sustainable society in the city of Handan .

6. RISK FACTORS

The Board of Directors of ICB are of the view that the risks factors involved in this MOU at this juncture is minimal and in the event the Company enters into a definitive agreement for the implementation of the Rimbunan Kaseh in Handan, PRC, it will continue to exercise due care in considering the risks and benefits associated and will take appropriate measures in planning the successful implementation of the MOU with its current business operations.

7. FINANCIAL EFFECTS ON THE MOU

Barring any unforeseen circumstances, the Board is of the opinion that the successful implementation of this MOU will contribute positively to the earnings of the ICB Group in the future.

8. APPROVALS REQUIRED

The MOU does not require the approval of ICB shareholders or any relevant government authorities.

9. DIRECTORS’ AND MAJOR SHAREHOLDER’S INTERESTS

To this date hereof none of the directors, major shareholders, and persons connected with directors or major shareholders of the Company or any of its subsidiaries have any interest, direct or indirect, in the MOU.

10. STATEMENT BY DIRECTORS

The Board of Directors of ICB, having considered all aspects of the MOU is of the opinion that the MOU is in the best interest of the ICB Group.

This announcement is dated 3rd March, 2014.

chill... no need to worry if ur a genuine. only natural for a 10-20% correction from its peak. this share just increased 61% from its last correction price of 39¢, so its this correction is healthy for it to gain steam for a new rally. as long as it stabilizes around current price, just sit back n relax