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BRIEF-Iris Corporation updates on legal proceedings
March 28, 2017 / 10:32 AM / 8 months ago

BRIEF-Iris Corporation updates on legal proceedings

March 28 (Reuters) - Iris Corporation Bhd

* Refers to ICB’s announcement in relation to a suit, ICB clarifies that it does not foresee any estimated potential liability will be arisen from the suit

* ICB is of the opinion that the plaintiff’s action in filing the suit is vexatious and frivolous

* ICB is not expected to incur losses arising from the suit

* "There is no financial and operational impact arising from the suit as plaintiff has never secured any contract in favour of ICB" Source text ( Further company coverage:

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