<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 24): Iris Corp Bhd fell 7.41% in early trade this morning after the company announced that its group managing director and chief executive officer Datuk Tan Say Jim had disposed of four million shares in the open market at RM520,000 or 13 sen per share.</p></div>

<div class=newsTextDataWrapInner><p>At 9.24am, Iris fell 1 sen to 12.5 sen with 434,500 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>ACE Market-listed Iris said Tan's stake in the company he co-founded has been reduced to just 60.76 million shares, equivalent to a 2.7% stake.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>This development came after the company saw its deputy managing director Datuk Hamdan Mohd Hassan and an international sales manager remanded by the Malaysian Anti-Corruption Commission last Friday.</p></div>

<div class=newsTextDataWrapInner><p>Tan has been steadily disposing of his shares since the release of the company's Annual Report 2016 on July 29, 2016, which — at the time it was filed with Bursa Malaysia — showed he had owned a total of 144.36 million shares, equivalent to a 6.45% stake.</p></div>


KUALA LUMPUR (Jan 24): Iris Corp Bhd fell 7.41% in early trade this morning after the company announced that its group managing director and chief executive officer Datuk Tan Say Jim had disposed of four million shares in the open market at RM520,000 or 13 sen per share.

At 9.24am, Iris...

Iris falls 7.41% after CEO lowers stake

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