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2023-05-19 14:40 | Report Abuse
good news again. Last court case, Iris won.
2023-05-19 14:38 | Report Abuse
Type Announcement
Subject MATERIAL LITIGATION
Description IRIS CORPORATION BERHAD ("IRIS" OR THE "COMPANY")
ROXWELL GROUP SDN BHD ("APPLICANT") AGAINST:
(1) IRIS ("1ST RESPONDENT");
(2) TAN SAY JIM ("2ND RESPONDENT"); AND
(3) SU THAI PING ("3RD RESPONDENT").
Reference is made to earlier announcements dated 23 March 2017, 28 March 2017, 28 November 2019, 1 August 2022 and 30 August 2022 in respect of: -
a) the Writ of Summons dated 10 March 2017 filed at the High Court of Kuala Lumpur (Suit No. WA-22NCVC-126-03/2017) by Roxwell Group Sdn Bhd (“Plaintiff”) against (1) IRIS (“D1”), (2) Tan Say Jim (“D2”), (3) Su Thai Ping (“D3”), (4) Hamdan bin Mohd Hassan (“D4”) and (5) Sylla Ibrahima Sory (“D5”);
b) the appeal filed on 20 December 2019 at the Court of Appeal (Civil Appeal No. W-02(NCvC)(W)-2407-12/2019) by Roxwell Group Sdn Bhd (“Appellant”) against (1) IRIS (“1st Respondent”), (2) Tan Say Jim (“2nd Respondent”) and (3) Su Thai Ping (“3rd Respondent”); and
c) the notice of motion for leave to appeal to the Federal Court (Motion No. 08(f)-409-08/2022(W)) on 26 August 2022 (“Leave to Appeal to the Federal Court”) by Roxwell Group Sdn Bhd (“Applicant”) against (1) IRIS (“1st Respondent”), (2) Tan Say Jim (“2nd Respondent”) and (3) Su Thai Ping (“3rd Respondent”),
(collectively referred to as the “Suit”).
Unless otherwise defined, the terms used in this announcement shall carry the same meanings as defined in the earlier announcements.
IRIS wishes to announce that at the hearing on 17 May 2023, the Federal Court i.e. the final court of appeal unanimously dismissed the motion for Leave to Appeal to the Federal Court by the Applicant with cost of RM30,000.00 awarded to each Respondent (including IRIS) subject to allocator fee.
This announcement is dated 19 May 2023.
2023-05-16 16:47 | Report Abuse
they always together moving in trades
2023-05-16 16:47 | Report Abuse
dun think reneuco can go up after scib coming down today.
2023-05-12 15:54 | Report Abuse
rene more stable in temrs of company position than scib eventhough both are abang adik company...
2023-05-11 11:48 | Report Abuse
KUALA LUMPUR (Dec 21): A 50:50 joint venture consortium between Reneuco Bhd (formerly known as KPower Bhd) and Citaglobal Bhd (formerly known as WZ Satu Bhd) has won a tender to develop an independent power producer (IPP) project for the East Coast Rail Link (ECRL) network.
2023-05-10 13:22 | Report Abuse
yesterday 26c shot to 32c. somebody hedging
2023-05-10 13:11 | Report Abuse
selllah, doesn't look like going to touch 18c
2023-05-10 10:11 | Report Abuse
Operator won't let it go up then. Better sell.
2023-05-09 16:11 | Report Abuse
dun worry, won't depressed for long. whatever down will come up
2023-05-09 12:38 | Report Abuse
Reference is made to the announcement made on 16 February 2023 in relation to the News Article entitled “Why was this firm given the project?”.
IRIS would like to inform that Star Media Group Berhad had, on 6 May 2023, published in both printed copy of the The Star newspaper and The Star Online website an Apology and Retraction statement. For ease of reference, we reproduce the said Apology and Retraction statement below:
APOLOGY & RETRACTION
WE, Star Media Group Bhd, on the following dates published the following articles pertaining to IRIS Information Technology Systems Sdn Bhd (“IITS”)” on The Star Online website and/or the printed copy of The Star newspaper:
(a) The news article published on Thursday, Feb 16, 2023, titled “Why was this firm given the project?” on The Star Online website and printed copy of The Star newspaper dated Feb 16, 2023, under the Nation section on page 6;
(b) The news article published on Saturday, March 11, 2023, at 12.57pm titled “Govt cancels RM1bil NIISe project contract with IRIS Information Technology Systems” on The Star Online website; and
(c) The news article published on Sunday, March 12, 2023, titled “Firm to know fate by April” on The Star Online website and the printed copy of The Star newspaper dated March 12, 2023, under the Nation section on page 5.
Star Media Group Bhd regrets the publication of the abovesaid articles and hereby retracts the same and their contents entirely.
2023-05-09 09:37 | Report Abuse
mak saya suruh beli scib...
2023-04-26 20:28 | Report Abuse
Muhamad Huzaili Huzman
IRIS HAS A GOOOD NEWS THIS WEEK
3 hours ago
how do you know?
2023-03-23 20:11 | Report Abuse
This made the MMAG Lim Kok Han the largest SH now.
2023-03-22 00:44 | Report Abuse
consolidation is expensive and cost more. Better to wait for more high-end retailers and institution to buy Gpacket shares.
2023-03-21 12:45 | Report Abuse
why wanna convert at 40c when can get from market now at 5.5c?
2023-03-18 16:45 | Report Abuse
Bettyem
You need to look into Niise project organization.
1 OWNER - Home MInistry
2 Contract Holder - A consortium IRIS + 3rd Party Company. Purpose; Qualify for Bumiputra status; technical / financial criteria
3 Subcontractor - Technology / technical provider; NEC
This consortium has met all requirements above.
If there is political connection, there is no evidence so far. This consortium already declared that no one in their organization has any interest or relatives in Home Ministry.
1 day ago
Who was the HM at that time? Ask him then. During the transition, whoever dare to go hanky panky have to join fate with the 0nemdb bossku...didn't these ministers learnt?
2023-03-18 16:41 | Report Abuse
Some MP brought over nuisance into parliament for a purpose of content. Look at what happened to MP Lim Lip Eng now. I seriously think new gov is arming themselves to end the PN's power once and for all by raising a political contract issue under MY's reigned. On top, the next person to end his political career is those at Sheraton 2020. Iris is used as scapegoat. Hope AI will give way to the innocent during this internal war.
2023-03-14 11:55 | Report Abuse
How much compensation gov need to pay for scapping the NIISE project?
2023-03-14 11:15 | Report Abuse
sailang_now
Who is spinning? Saiful or IRIS? as IRIS has given an update on Niise before...mmm mmm...
"Group chief executive officer of IRIS Corporation Berhad, Shaiful Zahrin Subhan said they have worked side by side with Immigration Department officers on a daily basis to ensure the project which started in March last year is successfully delivered.
“We are now deep into the project and work closely hand-in-hand with the Ministry of Home Affairs especially the Immigration Department and also other related government agencies that will method to the system once it is ready.
“We are looking very much forward to the project. We have our project team…to specifically manage this project together with all our partners. The prototype (NIISe) is ready and what we have to do (now) is develop the software for the system.
“So we are confident to deliver the system by the time given which is in the next two years,” he told a press conference after the Automated Biometric Identification System (ABIS) and Border Control Solution (e-Gate) subcontract handover ceremony between IRIS and NEC Malaysia here today."
WHO IS SPINNING THE STORY?
2023-03-13 18:50 | Report Abuse
willc48
the issue with govt awarding projects to Bumi companies must stop if the direct bumi companies dont have experience
24 minutes ago
Iris don't have experience? I think it's better to hear from Iris direct, why they unable to handle the issues.
2023-03-13 16:11 | Report Abuse
Group calls for removal of Saifuddin as home minister
Political sabotaging has taken place in the cabinet.
Either IRIS will be VICTIMISED by political confrontation because of NIISE or -
Iris will be put onto chopping board because Iris is a political vehicle.
2023-03-11 21:24 | Report Abuse
The NIISE project have already running in a year time and IRIS ALREADY IN TAlKING TO SELL OFF NIISE PROJECT TO TTSB. They understand that they IRIS are unable to complete NIISE.
so what now?
will gov paid the compensation for suddenly cancelling the project?
2023-03-11 21:21 | Report Abuse
IF every term proposed by cabinet to cancel project, this will CHASE OUT MANY INVESTORS AND LOCAL COMPANIES FROM investing in Malaysia. POLITICIANS WILL TAKE THE RESPONSIBILITIES FROM CANCELLING THE PROJECTS and hope they will be brought to court for doing so.
2023-03-11 21:17 | Report Abuse
https://malaysiagazette.com/2023/03/11/nasib-syari“
Belum lagi (untuk batalkan kontrak syarikat), benar mesyuarat Kabinet ada membincangkan kertas saya angkat untuk tujuan perbincangan (projek NIISe) iaitu kertas bernama nota Jemaah Menteri yang bermaksud hanya bersifat pemakluman bukan hanya memo.kat-kendalikan-projek-niise-diketahui-april-ini-saifuddin/
2023-02-28 16:52 | Report Abuse
becoz too many tepi jalan jealous people smearing Fintec names and these people could be enemies of fintec people who run the company. Else this company is doing well.
2023-02-26 14:08 | Report Abuse
easy to politisize a company from previous administration. all becoz politician wanna have kill off the past admin and end their opponent.
Iris got nothing to worry about.
2023-02-20 17:03 | Report Abuse
everybody can be a suspect due to being accused.
2023-01-20 15:12 | Report Abuse
their esos at 0.0452 and they are disposing for a profit at 0.06c
2023-01-14 13:04 | Report Abuse
Also, the buyers cannot be someone of Retailers.
2023-01-14 13:04 | Report Abuse
lehubeng
operators sold and bought themselved to push out the volume, to lure retailers enter at 0.02... before lunch the queue for bornoil is 0.02 (>700000 lots), when market opened at 2:30pm, all buy queue suddenly disappeared and birnoil back to 0.015-0.02.... and retailers are trapped at 0.02 .... wait till 30% pp out at 0.01 and share consolidation, retailers may then have slim chances...
1 day ago
At this juncture, nobody want to buy penny stocks. Looking at the PP, I think this stock will move very soon.
2023-01-13 12:13 | Report Abuse
alenac
Nobody is going to touch tinted companies with connections with old owners shadows still managing this company. Private placements with owners' money no doubt.
shiningmoon
Reneuco and scib are into Private Placement now. If there are willing party, it's going to be exciting.
17 minutes ago
Already mentioned in AR, NO OWNERS will involved as PP.
2023-01-13 09:52 | Report Abuse
Reneuco and scib are into Private Placement now. If there are willing party, it's going to be exciting.
2023-01-12 20:06 | Report Abuse
who is the one buying at 2c at such big quantity?
2023-01-03 21:09 | Report Abuse
spammerx
I manage to go visit they lime mill at lahad datu, 1.30 hours from main road and bad news guys. the place is like ghost town. if you want picture of the place i can give to u.
what about the line mill?
2022-12-28 16:01 | Report Abuse
lehubeng
volume low today.. likely operators sold at 0.025 yesterday (acquired through previous pp and esos at 0.018) to fund new 30% new pp at 0.015
till when is the PP?
2022-12-26 22:20 | Report Abuse
everyday said rubbish stock...the rubbish stock is serba dinamik, ramai sangkut there
2022-09-04 17:50 | Report Abuse
these people yelling negative usually mean to buy
2022-09-02 19:22 | Report Abuse
A good stock will soon appreciate, but need time because of current economic and political climate.
2022-09-02 14:29 | Report Abuse
No point for Good123, to keep posting those in Fintec group. If Fintec is con company, let SC do their job. U are not SC. What you are doing here isn't helping a single bit for Investors.
Stock: [RENEUCO]: RENEUCO BERHAD
2023-06-12 11:03 | Report Abuse
Scib 32c vs reneuco 25c? ??
Why everytime scib winning one????