Rozabil no longer Iris substantial shareholder

  • Corporate News
  • Wednesday, 23 Jan 2019

Rozabil, the former Arau Umno division vice-chief, still retains a 4.27% direct and indirect equity interest in Iris.

KUALA LUMPUR: Datuk Rozabil Abdul Rahman has ceased to be a substantial shareholder in IRIS CORP Bhd after his investment vehicle sold another block of shares to his business partner Datuk Paul Poh Yang Hong.

Following the latest disposal, the Arau Umno division vice-chief’s direct and indirect stake in Iris was reduced to 4.27%, separate filings with Bursa Malaysia today showed.

According to the filings, Caprice Development Sdn Bhd - the company in which both Rozabil and Paul Poh are shareholders - sold 49.4 million shares in Iris to OrientalGold Equity Sdn Bhd. The transaction was done at 12 sen a share on Jan 18 via direct business.

Shares in Iris was last traded at 14.5 sen on Wednesday.

Caprice had ceased to be a substantial shareholder in Iris earlier this month.

OrientalGold is controlled by Paul Poh and his father Dr Poh Soon Sim. Dr Poh was appointed as a director at Iris in November last year.

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