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Robin Tan sells 1.72% stake in Iris, remains second biggest shareholder


KUALA LUMPUR (Feb 5): Businessman Datuk Seri Robin Tan son of  tycoon Tan Sri Vincent Tan has trimmed his stake in Iris Corp Bhd notwithstanding the group’s success in clinching an RM1.16 billion government contract for an immigration system.
According to a filing with Bursa Malaysia today, Robin disposed of 45 million shares or a 1.72% stake in the group via a married deal on Feb 2.
Checks on Bloomberg data showed that the substantial shareholder had sold the stake in a block at 41 sen per share, a 5.13% premium to the closing price of 39 sen on Feb 2.
With a remaining shareholding of 245.69 million shares or 8.079% in Iris, Robin is still the company’s second largest shareholder. ....

Kuala Lumpur , Iris Corp Bhd , Ministry Of Home Affairs , Iris Information Technology Systems Sdn Bhd , Businessman Datuk Seri Robin Tan , Tan Sri Vincent , Bursa Malaysia , Home Affairs , குவாலா லம்பூர் , கருவிழி கார்ப் ப்ட் , அமைச்சகம் ஆஃப் வீடு வாழ்க்கைத்தொழில்கள் , கருவிழி தகவல் தொழில்நுட்பம் அமைப்புகள் ஸ்டன் ப்ட் , பழுப்பு ஸ்ரீ வின்சென்ட் , வீடு வாழ்க்கைத்தொழில்கள் ,

Iris secures RM1.16b immigration system contract


KUALA LUMPUR (Jan 29): Iris Corp Bhd said today it has secured an immigration system contract from the Government worth RM1.16 billion.
The group said in a bourse filing that its wholly-owned subsidiary Iris Information Technology Systems Sdn Bhd (IITS) had received a Letter of Award (LOA) from the Ministry of Home Affairs (KDN) to develop and deliver the immigration system.
The contract will be for a period of 54 months commencing from March 1, 2021 until August 31, 2025.
The project will contribute positively to the earnings of Iris during the tenure of the LOA, it said.
Iris closed 4 sen or 10.13% higher at 43.5 sen, valuing the group at RM1.32 billion. ....

Kuala Lumpur , Iris Corp Bhd , Ministry Of Home Affairs , Iris Information Technology Systems Sdn Bhd , Home Affairs , குவாலா லம்பூர் , கருவிழி கார்ப் ப்ட் , அமைச்சகம் ஆஃப் வீடு வாழ்க்கைத்தொழில்கள் , கருவிழி தகவல் தொழில்நுட்பம் அமைப்புகள் ஸ்டன் ப்ட் , வீடு வாழ்க்கைத்தொழில்கள் ,

Supermax, Top Glove, Mestron, Iris Corp, Homeritz, Uchi Technologies, KTG and Jerasia


KUALA LUMPUR (Jan 29): Based on corporate announcements and news flow today, stocks that may be in focus next Tuesday (Feb 2) include: Supermax Corp Bhd, Top Glove Corp Bhd, Mestron Holdings Bhd, Iris Corp Bhd, Homeritz Corp Bhd, Uchi Technologies Bhd, KTG Bhd and Jerasia Capital Bhd.
Supermax Corp Bhd reported a new record net profit of RM1.06 billion for the second quarter ended Dec 31, 2020, up 34% from RM789.52 million in the preceding quarter.
Quarterly revenue surged to RM2 billion from RM1.35 billion in the first quarter. This implies a net profit of nearly 50%.
The anticipated big leap in earnings was mainly fuelled by higher average selling prices (ASPs), as demand for gloves continued to soar worldwide against the backdrop of the Covid-19 pandemic. ....

Kuala Lumpur , Pulau Pinang , Sdn Bhd , M Sdn Bhd , Sinopharm China National Biotech Group Covid , Zhongyu Yexing Chengdu Industrial Co Ltd , Top Glove Corp Bhd , Iris Corp Bhd , Iris Information Technology Systems Sdn Bhd , Mestron Holdings Bhd , Homeritz Corp Bhd , Sino Pharma Group Of Companies , Ministry Of Home Affairs , Supermax Corp Bhd , Uchi Technologies Bhd , Jerasia Capital , Corp Bhd , Glove Corp Bhd , Tan Sri Dr Lim Wee Chai , China Based Zhongyu Yexing , Industrial Co Ltd , Sino Pharma Group , China National Biotech Group , Home Affairs , Technologies Bhd , Uchi Optoelectronic ,