KUALA LUMPUR: ACE Market-listed Iris Corp Bhd is engaging in preliminary discussions with its Chinese partners with regard to a food waster to fertiliser technology project.
In a reply to a query by Bursa Malaysia on an article in a Chinese daily that the group had formed a consortium to invest in a wastewater treatment plant in China, Iris denied having formed any such consortium nor signed any MoU with regard to the reported project.
“Iris wishes to clarify that it is currently engaging in preliminary discussions with its Chinese partners with regard to a “Food Waste to Fertiliser Technology” project.
“As at the date of this announcement, Iris has not signed any MoU in relation to the said project and will make the appropriate announcement to Bursa on its further development,” said the statement.
The Chinese daily in its article reported Iris had formed a consortium with 65% stake holding in a wastewater treatment plant in China with a 30-year concession and an NPV up to 150 million yuan (approximately RM72.44 million).
It was also reported that Iris Envirowerkz Consortium has signed an MoU with Zizhao Environment Protecting Industry Development Company last week which was witnessed by the Prime Minister Datuk Seri Najib Razak and Deputy International Trade and Industry Minister Datuk Mukhriz Mahathir.
This article appeared in The Edge Financial Daily, November 4, 2011.
In a reply to a query by Bursa Malaysia on an article in a Chinese daily that the group had formed a consortium to invest in a wastewater treatment plant in China, Iris denied having formed any such consortium nor signed any MoU with regard to the reported project.
“Iris wishes to clarify that it is currently engaging in preliminary discussions with its Chinese partners with regard to a “Food Waste to Fertiliser Technology” project.
“As at the date of this announcement, Iris has not signed any MoU in relation to the said project and will make the appropriate announcement to Bursa on its further development,” said the statement.
The Chinese daily in its article reported Iris had formed a consortium with 65% stake holding in a wastewater treatment plant in China with a 30-year concession and an NPV up to 150 million yuan (approximately RM72.44 million).
It was also reported that Iris Envirowerkz Consortium has signed an MoU with Zizhao Environment Protecting Industry Development Company last week which was witnessed by the Prime Minister Datuk Seri Najib Razak and Deputy International Trade and Industry Minister Datuk Mukhriz Mahathir.
This article appeared in The Edge Financial Daily, November 4, 2011.
