Wednesday 21 March 2012

Iris rises on buying stake in Neuralogy

Iris Corp, a technology-consulting company, rose 5.7 per cent to 18.5 sen in Kuala Lumpur trading at 9.37am, bound for its steepest gain since March 8.

The company agreed to buy a 20 per cent stake in Neuralogy Sdn Bhd, a researcher and developer of telecommunications products, for RM500,000, it said in a statement. -- Bloomberg



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