Monday 15 Jul 2024
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KUALA LUMPUR (July 10): Iris Corp Bhd has appointed two new directors, Datuk Rozabil @ Rozamujib bin Abdul Rahman, 45, and Datuk Poh Yang Hong, 44, to its board.

In a filing with Bursa Malaysia today, the digital identity solutions provider said Rozabil and Poh were appointed non-independent directors effective July 7.

It was reported in April that Destini Bhd group managing director Rozabil and former Hong Leong Management Co Sdn Bhd managing director Poh were to be the group's new substantial shareholder — via their vehicle Caprice Development Sdn Bhd — through a 10% private placement exercise.

Iris previously announced that the plan involves a fundraising exercise potentially involving equity funding, short-term debt financing, divesting non-essential assets and accounts receivable factoring.

Poh was also previously managing director of Guocoland (Malaysia) Bhd, and is currently chief executive officer of private investment vehicle Caprice Capital International Ltd.

At 2.30pm, Iris shares were unchanged at 17.5 sen, with a market capitalisation of RM432.6 million.



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