Varia seeks shareholder approval to buy back up to 10% of shares
Bitget2026/10/28 03:21- Varia seeks shareholder approval to buy back up to 10% of its issued shares, equivalent to 43,251,500 shares.
- The proposal goes to the annual general meeting on November 26, 2026; directors recommend voting in favor.
- Buybacks must be funded wholly from retained profits; accumulated losses totaled RM 38.53 million for the year ended June 30, 2026.
- Purchased shares may be canceled or retained as treasury shares for subsequent resale or distribution as share dividends.
- The authority would expire at the next annual general meeting unless renewed, or earlier if revoked or the statutory meeting deadline expires.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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