IRIS Corporation Berhad (the “Company”) wishes to announce that on the 3 January 2022, the Company’s wholly-owned subsidiary namely IRIS Information Technology Systems Sdn Bhd (“IITS”) has received an Application for an Interim Injunction dated 27 December 2021 (“Application”), which is fixed for hearing on the 26 January 2022 at the High Court of Malaya. The Application was filed by S5 Systems Sdn Bhd (“S5”), a company incorporated in Malaysia. S5 is seeking:
IITS be injuncted from engaging third parties/ subcontractors for a specified scope; and any third party / subcontractors already appointed by IITS be terminated / halted for a specified scope. The Company has appointed a legal firm to represent its interests. The Company firmly believes that the Application is frivolous and without merit and the Company will vigorously contest the Application and take the necessary actions to protect our rights and that of our stakeholders.
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Posted by Investgaogao > 2021-11-26 16:15 | Report Abuse
Break recorded low today very soon :)