KUALA LUMPUR: Shares of Iris Corporation Bhd
rose at mid-morning on Wednesday after it planned to invest RM130mil in a property joint venture with Technology Park Malaysia Corp Sdn Bhd in Bukit Jalil.
At 9.56am, Iris was up 1.5 sen to 32 sen with some 25.85 million shares traded between 31.5 sen and 32.5 sen.
The FBM KLCI was up 5.89 points to 1,756. Turnover was 501.11 million shares traded valued at RM260mil. There were 234 gainers, 155 decliners and 250 counters unchanged.
Iris Corp said on Tuesday it had signed a teaming agreement with Technology Park to combine their resources to develop, build and manage a proposed residential development project on a parcel of land in Phase 3 TPM Bukit Jalil.
“This project will further synergise the efforts of the company and TPM in creating a holistic technology educational hub proposed to be established in TPM Bukit Jalil,” it said.
TPM is a government agency under the Ministry of Science, Technology and Innovation (MOSTI). Its core activities are to provide a comprehensive technopreneur and enterpreneurship programmes for industry clusters in ICT, biotechnology and life sciences and providing advance engineering, ICT and incubation services.
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