Iris, Koto, Ambitech in Ibs Venture

Summary


IRIS Corp Bhd has entered into a 60:30:10 joint venture (JV) with Koto Malaysia Sdn Bhd and Ambitech Sdn Bhd to develop, manufacture, construct and operate the Koto Industrialised Building System (IBS) owned by Koto for mass building projects in Sabah and Sarawak.

Iris will invest US$1 million (RM3.05 million) in the JV while Ambitech will provide consultancy and marketing services, and Koto the necessary licence and rights.

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Extract


Iris, Koto, Ambitech in Ibs Venture

The Koto...

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