announcement from Iris. This announcement is dated 29 August 2014.
On behalf of the Board of Directors of IRIS ("Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that IRIS Healthcare Sdn Bhd (“IHSB”), a wholly-owned subsidiary of IRIS, had on 29 August 2014 entered into a share sale agreement (“SSA”) with RICA Holdings (M) Sdn Bhd (formerly known as RICA Properties (M) Sdn Bhd) (“RHSB”) for the disposal of 27,660,770 VCB Shares (“Disposal Shares”), representing 25% equity interest in VCB for a cash consideration of RM15,213,423.50 (“Disposal Consideration”).
iris corp sell off the versatile share at price of 54cent, more than 50% discount. enough to give you the actually situation btw both company. one desparate need money, one desparate need new partnership to stay alive.
Iris as a major is selling their block. Chances that's a new shareholder going to emerge. Rumour heard they going to develop their current factory land and change their core business as many money losing listed vehicle trying to change and become developers.
This is a follow up announcement to the announcements made on 11 May 2016, 12 July 2016, 20 July 2016 and 16 August 2016 on the Disposal (hereinafter referred to as the “Previous Announcements”).
Unless otherwise stated, the definitions used in this announcement shall carry the same meaning as defined in the Previous Announcements.
The Board of Directors of IRIS Corporation Berhad (“ICB” or “the Company”) wishes to announce that all the 29.83% equity interest held in Versatile Creative Berhad by the Company has been fully disposed of on 20 September 2016 and the Disposal has been completed on the even date and the Company has now ceased to be the substantial shareholder of Versatile Creative Berhad.
Remarks : Versatile Creative Berhad received the Form 29B dated 20 September 2016 from FELDA INVESTMENT CORPORATION SDN BHD on 20 September 2016, 5.39pm
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Littleinvestor
264 posts
Posted by Littleinvestor > 2012-09-19 09:53 | Report Abuse
Worth a look.