<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 17): Iris Corp Bhd rose as much as 1.5 sen or 9% after <em>The Edge Financial Daily</em> (<em>Edge FD</em>) reported today the electronic-identification specialist was roping in a new strategic investor as part of Iris' restructuring.</p></div>

<div class=newsTextDataWrapInner><p>Iris shares rose to their highest so far today at 17.5 sen. At 11:40am, the counter was transacted at 17 sen with 26.24 million units traded.</p></div>

<div class=newsTextDataWrapInner><p>It was the tenth most-actively traded counter on Bursa Malaysia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p><em>Edge FD</em>, quoting Iris and a source, reported that Iris was still in the midst of finalising discussions and reiterated that it is actively searching for new investors as per its corporate restructuring plan.</p></div>

<div class=newsTextDataWrapInner><p>It was reported that the company also intends to place out up to 10% of its issued and paid-up share capital to potential investors.</p></div>

<div class=newsTextDataWrapInner><p>According to the report, Iris' board has approved the entry of a new investor to act as a joint-anchor alongside Felda Investment Corp Sdn Bhd (FIC). FIC has a 21.33% stake in Iris.</p></div>

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KUALA LUMPUR (April 17): Iris Corp Bhd rose as much as 1.5 sen or 9% after The Edge Financial Daily (Edge FD) reported today the electronic-identification specialist was roping in a new strategic investor as part of Iris' restructuring.

Iris shares rose to their highes...

Iris up on imminent strategic investor

Among all precious gems, diamonds are one of the most sought after and prominent — for good reason. It is their rarity, durability and beauty that inspire the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.

Light fantastic

Lion Group’s property division, Lion Group Property, is looking to expand its industrial park portfolio, says the conglomerate’s executive chairman Tan Sri William Cheng.

Moving further into industrial parks

Pahang Islamic Affairs, Rural Development, and Orang Asli Affairs Committee chairman Datuk Seri Syed Ibrahim Syed Ahmad has confirmed that a video alleging the allocation of durian plantation land in Pahang to retired soldiers is fake.

Video alleging durian land allocation is actually Skim Tanah Rakyat land rights handover, says Pahang MP's rep

The launch of a new direct route from Chennai to Penang, via IndiGo, commencing on Saturday, marks a significant milestone in enhancing connectivity, generating economic opportunities, and solidifying Penang’s position as a regional air travel hub.

Direct route from Chennai elevates Penang as key regional air travel hub, says exco

The world’s biggest stablecoin issuer, Tether Holdings Ltd, is on track to close the year with more than US$10 billion (RM45.07 billion) in net profits, chief executive officer Paolo Ardoino said in an interview.

World’s largest stablecoin issuer Tether sees US$10b in net profits for 2024

BNP Paribas SA finalised the €5.1 billion (US$5.3 billion or RM24.0 billion) purchase of Axa SA’s asset management unit, in the biggest acquisition under chief executive officer Jean-Laurent Bonnafe.

BNP Paribas signs €5.1b deal to buy Axa’s asset manager

At least five people were killed in a car-ramming attack at a German Christmas market in the city of Magdeburg that also left more than 200 injured, officials said, and a Saudi man was arrested on suspicion of driving a car into the crowd.

Death toll in German Christmas market car-ramming rises to five, more than 200 injured

UK Prime Minister Keir Starmer’s pursuit of closer ties with China has raised private questions from Donald Trump’s incoming administration, European diplomats and even some senior British officials.

UK's Starmer is deepening China ties while allies turn away

The US Congress passed spending legislation early on Saturday in a down-to-the wire burst of activity that will avert a destabilising government shutdown ahead of the busy holiday travel season.

US Senate passes govt funding bill, averts shutdown

Honda and Nissan are considering producing vehicles in one another's factories as part of their plan to deepen ties and potentially merge, Japan's Kyodo news agency said on Saturday.

Honda and Nissan mulling mutual production of vehicles, Kyodo reports

<p>Lion Group’s property division, Lion Group Property, is looking to expand its industrial park portfolio, says the conglomerate’s executive chairman Tan Sri William Cheng.</p>


<p>Among all precious gems, diamonds are one of the most sought after and prominent —&nbsp;for good reason. It is their rarity, durability and beauty that inspire&nbsp;the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.</p>
