PETALING JAYA: Datuk Rozabil Abdul Rahman has ceased to be a substantial shareholder in IRIS CORP Bhd after his investment vehicle pared down its stake to a company controlled by his business partner Datuk Paul Poh, filings with Bursa Malaysia showed.
The former Arau Umno division vice-chief still retains a 4.27% direct and indirect equity interest in Iris.
Filings with Bursa Malaysia showed that Caprice Development Sdn Bhd, in which both Rozabil and Paul are shareholders, sold 49.4 million shares in Iris to OrientalGold Equity Sdn Bhd via a direct business transaction on Jan 18.
OrientalGold is controlled by Paul and his father Dr Poh Soon Sim, who was appointed to the board in November last year.
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