Iris Corp bags RM1.12bil NIISe project from home affairs ministry. With the vast experience gained over the years, IRIS is confident that IITS will be able to deliver the project successfully.
niise project was tendered 1 year ago ,....... tender price was too low,........couple with the price hike, inflation & weaker ringgit recently,.........iris might suffer big loses in the project,......better no to do it
I was trapped by Iris last year. They always like sell on news. So recycle use the news probably is another trap use to attract buying force to get rid of the counter
See. This is a trap. Everytime they making annocement for big project the share price shall drop one. They want to sell on news ad. If wise, don't buy better :)
Company earn 3 m a year, directors fees RM 780 K... And request for authorisation for 10 % issuance of new share to diluted existing shareholders value.... Losuy man
Insider news..... coming QR will be damn good, now fund managers keep collecting , it might shoot up to 0.20 once announce QR ....... fasten your seat belt...
The group had accused the defendants of allegedly failing to discharge their "respective fiduciary duty, duty of fidelity and/or duty to exercise reasonable care, skill and diligence as directors of the company". Meaning, the Iris Berhad new BODs and shareholders group together to sue all the ex-BODs for the wrong decision for buying into BCS shares. Right? But overall, the title of this piece of news is misleading and confusing. Saying "The High Court has dismissed Iris Corp Bhd’s lawsuit against its former chairmen Tan Sri Razali Ismail and Datuk Nik Azman Mohd Zain and former group managing director and chief executive officer Datuk Tan Say Jim, in relation to losses incurred pertaining to the subscription of Border Control Solutions Ltd (BCS) shares."
look at their annual report, many influential ppl inside: Poh Soon Sim (from Hong Leong Group) 12.6% Robin Tan (Berjaya Corp Vincent Tan's son) 7.5% Ling Hee Keat (ex MCA President Ling Leong Sik's son) 3.4% Augustus Ralph Marshall (former Maxis CEO) 0.5%
"NEC Selected as Technology Partner in the Implementation of Biometric Solutions for NIISe
KUALA LUMPUR, 18 October 2022 – Leading IT and Network Technologies company, NEC Corporation of Malaysia Sdn Bhd (NEC Malaysia) has been awarded a sub-contract for the implementation of its class leading Automated Biometric Identification System (NEC ABIS) and Border Control Solution (e-Gate) by the main project contractor for Malaysia’s National Integrated Immigration System (NIISe), IRIS Information Technology Systems Sdn Bhd (IITS), a wholly owned subsidiary of IRIS Corporation Berhad (IRIS)."
This News might be outdated and seen by many. With the recent question of the status of NIISe, the project has started procurement, therefore unlikely NOT going forward…link as below:-
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2948 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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Investgaogao
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Disclaimer: above are personal opinion. nor any buy or sell call