<div class=newsTextDataWrapInner>KUALA LUMPUR: ACE Market-listed Iris Corporation Bhd has proposed a RM36.8 million (360 million baht) investment in PJT Technology Co, Ltd for a new waste incineration plant in Phuket, Thailand.</div>

<div class=newsTextDataWrapInner>Iris said yesterday it had on March 19, 2010 extended a company guarantee in favour of PJT for a proposed investment via equity interest in the company, which was intended to partially finance the project.</div>

<div class=newsTextDataWrapInner>“The project involves the design, construction and maintenance of a new waste incineration plant, which is in the ordinary course of business of ICB,” said the company. “The proposed investment is payable to PJT via monthly instalments over a period of 13 months, commencing from April 2010 to April 2011.”</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>PJT is primarily involved in importing and trading of electronic devices and performing executive agent firm in Thailand.</div>

<div class=newsTextDataWrapInner> This article appeared in The Edge Financial Daily, March 23, 2010.</div>

KUALA LUMPUR: ACE Market-listed Iris Corporation Bhd has proposed a RM36.8 million (360 million baht) investment in PJT Technology Co, Ltd for a new waste incineration plant in Phuket, Thailand.

Iris said yesterday it had on March 19, 2010 extended a company guarantee in favour of PJT for a proposed investment via equity interest in the company, which was intended to partially finance the project.

“The project involves the design, construction and maintenance of a new waste incineration plant, which is in the ordinary course of business of ICB,” said the company. “The proposed investment is payable to PJT via monthly instalments over a period of 13 months, commencing from April 2010 to April 2011.”

PJT is primarily involved in importing and trading of electronic devices and performing executive agent firm in Thailand.

This article appeared in The Edge Financial Daily, March 23, 2010.

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