PETALING JAYA: Iris Corp Bhd’s wholly-owned subsidiary Iris Information Technology Systems Sdn Bhd has received a RM3.94 million letter of award from Ministry of International Trade and Industry (MITI).
According to the group’s Bursa disclosure, the contract entails the supply of access cards and access control services for meeting rooms at the Asia Pacific Economic Cooperation (Apec) forum, for a period of one year from Jan 23, 2020 to Jan 22, 2021.
Iris Corp revealed that under the terms of the award, it is required to furnish a performance bond of RM197,213 to the ministry.
The group said that the contract is expected to contribute positively to its earnings for the financial year ending March 31, 2020 onwards until the expiry of the contract.
source https://www.thesundaily.my/business/iris-unit-bags-apec-2020-related-contract-from-miti-JK1941975
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