Scib 32c vs reneuco 25c? ??

Why everytime scib winning one????

good news again. Last court case, Iris won.

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.

Shd have sold at 12c before ...

they always together moving in trades

dun think reneuco can go up after scib coming down today.

just keep for reneuco

rene more stable in temrs of company position than scib eventhough both are abang adik company...

the mega project still valid?

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.

yesterday 26c shot to 32c. somebody hedging

selllah, doesn't look like going to touch 18c

Operator won't let it go up then. Better sell.

dun worry, won't depressed for long. whatever down will come up

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.

mak saya suruh beli scib...

Muhamad Huzaili Huzman

IRIS HAS A GOOOD NEWS THIS WEEK

3 hours ago

how do you know?

This made the MMAG Lim Kok Han the largest SH now.

consolidation is expensive and cost more. Better to wait for more high-end retailers and institution to buy Gpacket shares.

why wanna convert at 40c when can get from market now at 5.5c?

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?

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.

How much compensation gov need to pay for scapping the NIISE project?

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?

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.

Both proven to be UNJUST!

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.

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?

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.

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/

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.

loss money

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.

everybody can be a suspect due to being accused.

buy

BUY

their esos at 0.0452 and they are disposing for a profit at 0.06c

Also, the buyers cannot be someone of Retailers.

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.

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.

Reneuco and scib are into Private Placement now. If there are willing party, it's going to be exciting.

who is the one buying at 2c at such big quantity?

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?

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?

everyday said rubbish stock...the rubbish stock is serba dinamik, ramai sangkut there

what is mlab business?

buy fintec

these people yelling negative usually mean to buy

A good stock will soon appreciate, but need time because of current economic and political climate.

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.