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Tuesday, April 22, 2014

Iris Corp in JV with Swiss firm to provide GST refund services

APRIL 21, 2014

Iris Corporation has entered into a joint venture agreement with Switzerland-based shopping tourism company Global Blue S.A. to provide GST refund services to foreign travellers in Malaysia.

The new joint venture company (JVCo) will participate in the tender to be launched by the government of Malaysia to carry out GST Refund Services in Malaysia, Iris said in its filing to Bursa.

The JVCo will be incorporated by Global Blue with a minimal initial equity capital until the outcome of the tender has been announced and awarded to the JVCo, Iris added. – Bernama, April 21, 2014.

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