IRIS Securities Declared "Designated Securities”

Bursa Malaysia Securities Berhad (Bursa Malaysia), in consultation with the Securities Commission (SC), has decided to declare the securities of IRIS Corporation Berhad (IRIS) as “Designated Securities“ with immediate effect.
The counter has been designated due to excessive speculation and unusual patterns observed in the trading of IRIS shares.
The decision to designate has been taken in the interest of ensuring a fair and orderly market for the trading of IRIS shares. With the designation, trading in the counter continues but will require payment upfront before buying and a free balance of securities before selling.
In addition, the SC and Bursa Malaysia will be requiring further disclosures to be made by IRIS to allow for more informed decision making by investors.
Investors are advised that their investment decisions should be made on an informed basis including an assessment of the fundamentals of the company.