<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 23): Iris Corp Bhd group managing director and chief executive officer Datuk Tan Say Jim has ceased to be a substantial shareholder of the company after disposing of 56.6 million shares via a direct business transaction.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, Iris said Tan had disposed of the shares, which is equivalent to a 2.52% stake in the company, for RM6.19 million yesterday.</p></div>

<div class=newsTextDataWrapInner><p>Tan sold the shares in two blocks. One block of 41.6 million shares was transacted at 12 sen apiece amounting to RM4.99 million. This was a 4.3% premium to Iris’s closing price of 11.5 sen today.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The other block comprising 15 million was transacted at eight sen each or a total of RM1.2 million. This was, however, a 30.4% discount to Iris’s closing price.</p></div>

<div class=newsTextDataWrapInner><p>Following the disposal, Tan's stake in Iris dwindled to 3.91%.</p></div>

<div class=newsTextDataWrapInner><p>The largest shareholder of Iris is Felda Investment Corp Sdn Bhd, which has a 21.33% stake in the company.</p></div>

<div class=newsTextDataWrapInner><p>Tan, 58, is one of the co-founders of Iris Corp, which is involved in trusted identification which deals with electronic passport services, property development and education.</p></div>

<div class=newsTextDataWrapInner><p>He was also bestowed the Ernst &amp; Young's Entrepreneur of the Year 2015 Malaysia award and Master Entrepreneur of the Year 2015.</p></div>


KUALA LUMPUR (Dec 23): Iris Corp Bhd group managing director and chief executive officer Datuk Tan Say Jim has ceased to be a substantial shareholder of the company after disposing of 56.6 million shares via a direct business transaction.

In a filing with Bursa Malaysia today, Iris said...

Tan Say Jim ceases to be Iris Corp substantial shareholder

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