Datuk Seri Saifuddin Nasution Ismail said the Cabinet had discussed the latest development of the issue surrounding IRIS Information Technology Systems Sdn Bhd during a meeting."The notice was meant to inform for the purpose of a discussion, which is different from a Cabinet memo that requires a decision.
"We are working on this now," he said when met after closing the 29th and 30th annual general meeting of Malaysia Crime Prevention Foundation in Cheras here Saturday . When asked if the company had been terminated, he said"not yet", adding that it needed more deliberation. When asked if the decision may include a termination of the company, Saifuddin said he did not want to speculate.
According to reports on Feb 10, Iris Corporation Bhd had entered into a share sale agreement with Tass Tech Technologies Sdn Bhd to dispose of 80% of the equity interest in its unit, Iris Information Technology Systems Sdn Bhd , for RM70mil in cash.