Iris to jointly develop township in Papua New Guinea

PETALING JAYA: Iris Corp Bhd has entered into a joint venture (JV) to develop a township in Papua New Guinea (PNG) for the local government.

The company said in a stock exchange filing that its property development subsidiary, IRIS Land (PNG) Ltd, had signed a memorandum of agreement (MoA) on Sept 10 with Central Provincial Government Of Free Mail Bag, Konedobu NCD, PNG, and Jayacorp Holdings Ltd, its local partner.