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Iris rises on Oil Field purchase (0010)

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Iris rises on Oil Field purchase (0010)

Post by hlk Tue 10 Jul 2012, 14:20

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

hlk: Moderator; Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

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