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The Board wishes to inform that IITS has on 23 May 2023 received a letter from KDN dated 22 May 2023 wherein KDN has agreed to extend the duration of the NIISe Contract for a period of twelve (12) months commencing from 1 September 2025 to 31 August 2026 (“Extension of NIISe Contract Period”).
hahahahaha laughing at the jokers. fly IRIS flyyyyyyyyyyyyyyyyyyyy
Following the Extension of NIISe Contract Period, IITS is required to extend the validity period in respect of the performance bond for a period of twelve (12) months until 31 August 2027.
The abovementioned changes in relation to the Extension of NIISe Contract Period, validity period of the performance bond and the relevant schedules in the NIISe Contract to reflect the Extension of the NIISe Contract Period will be made via a supplemental agreement to the NIISe Contract. Save as aforementioned, all other salient terms of NIISe Contract remain unchanged.
IRIS CORPORATION BERHAD ("IRIS" OR "THE COMPANY")
PROPOSED DISPOSAL OF 80% EQUITY INTEREST IN IRIS INFORMATION TECHNOLOGY SYSTEMS SDN BHD FOR A CASH CONSIDERATION OF RM70 MILLION ("PROPOSED DISPOSAL")
Disposal also possible to cancel due to if the purchaser not able to come out the deposit. Bravo contract extended 2026! Might possible to retest 0.19 high in February.
