KUALA LUMPUR: Shares of once controversial Iris Corp
Bhd surged 2.5 sen to 23.5 sen, its highest in about two years, following the entry of Federal Land Development Authority (Felda) as a substantial shareholder.
The e-passport supplier announced that it was placing out up to 394.1 million new shares or 25% in the company to Felda. Iris will place out the shares at 28 sen each to raise RM110.3mil.
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