KUALA LUMPUR: Shares in Iris Corp Bhd fell over 5% in early trade Tuesday despite securing a RM1.16bil immigration system contract. The counter fell 5.75%, or 2.5 sen to 41 sen. It is currently the most actively traded counter on Bursa with over 272 million shares done. Iris said its wholly-owned subsidiary Iris Information Technology Systems Sdn Bhd (IITS) had received a Letter of Award (LOA) from the Ministry of Home Affairs (KDN) to develop and deliver the immigration system. The contract will be for a period of 54 months commencing from March 1, 2021 until August 31, 2025. The project will contribute positively to the earnings of Iris during the tenure of the LOA, it said.
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