Iris rises on Oil Field purchase
Publish date: Tue, 10 Jul 2012, 10:43 AM
Iris Corp, a technology-consulting company, advanced 6.3 percent to 17 sen in Kuala Lumpur trading at 9.37am, poised for its steepest increase since Nov. 4.
The company agreed to buy 51 percent of Oil Field Services Ltd for an indicative price of US$3.5 million, Iris said in a statement.
Dubai-based Oil Field Services has an agreement with the Iraqi government to generate electricity in Basrah, Iraq, Iris said. -- Bloomberg
The company agreed to buy 51 percent of Oil Field Services Ltd for an indicative price of US$3.5 million, Iris said in a statement.
Dubai-based Oil Field Services has an agreement with the Iraqi government to generate electricity in Basrah, Iraq, Iris said. -- Bloomberg
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