Iris shares up on FELDA’s move to buy 25% stake


KUALA LUMPUR: Shares of Iris Corp Bhd and its warrants rose after accepting Federal Land Development Authority's (Felda) offer to buy to 394.1 million new ordinary shares or 25% stake at 28 sen each.

At 10.40am, Iris rose three sen to 24 sen with 67.65 million shares traded between 23 sen and 24.5 sen.

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Iris Corp , Felda , placement shares , KLCI

   

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