TAFI Industries Seeks Renewal of Share Buyback Mandate for Up to 10% of Issued Shares
Bitget2026/10/28 09:33- TAFI Industries seeks renewal of authority to buy back up to 10% of issued shares at its November 26, 2026 AGM.
- The proposal allows purchases of up to 34,643,010 additional shares, accounting for existing treasury shares.
- Shareholders will also vote on new and renewed mandates for recurrent related-party transactions of a revenue or trading nature.
- The new mandate covers Golden Armani supplying construction-related services and building materials, with estimated transactions of RM 500 million each.
- Directors without interests in the related-party mandates recommend voting in favor; interested directors and major shareholders will abstain.
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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