Iris Corp closes at 11-year low

KUALA LUMPUR (Dec 28): Iris Corp Bhd, known as developer of the world’s first electronic passport, saw its share price fall as much as 13% to an intraday low of 10 sen yesterday, after its co-founder and major shareholder sold a substantial stake in the group.

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Fashionable developer no more...

For the past decade, it was an “in” thing for anyone who owns a piece of land or who operates his or her own business in a prime location, to claim their “fame” as a property developer.

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