Iris Corp Bhd has called off the sale of an 80% stake in its wholly-owned Iris Information Technology Systems Sdn Bhd (IITS), the former developer of the RM1.16 billion National Integrated Immigration System (NIISe) project, for RM70 million cash.
Iris terminated the agreement after the buyer, Tass Tech Technologies Sdn Bhd (TTTSB), failed to pay the second tranche of the deal’s disposal consideration.
TheEdge15 Apr, 2024 19:20pm - 1 week