Berjaya Food Seeks Renewal of Share Buyback Mandate for Up to 10% of Issued Shares
Bitget2026/10/29 09:03- Berjaya Food will seek shareholder approval on December 7, 2026, to renew authority to buy back up to 10% of issued shares.
- The limit includes 175,821,661 treasury shares, leaving capacity to purchase another 41,309,841 shares.
- Shareholders will also vote on renewed and new mandates for recurring related-party transactions estimated at RM 15.72 million.
- Buybacks cannot exceed available retained profits; accumulated losses totaled RM 151.52 million as of June 30, 2026.
- Directors recommend both proposals; Chryseis Tan Sheik Ling and Tan Thiam Chai abstained from recommending the related-party mandate.
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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