EG Industries seeks renewal of mandate to buy back up to 10% of shares
Bitget2026/10/30 10:04- EG Industries will seek shareholder approval on November 24, 2026, to renew authority to buy back up to 10% of issued shares.
- The proposed renewal covers up to 95,058,554 shares based on current issued capital.
- Shareholders will also vote on renewing recurrent related-party transactions with Eduspec Holdings, covering testing services, electronic component sales and factory rental.
- Proposed transaction limits are RM 100 million for testing, RM 80 million for component sales and RM 910,000 for rental.
- The board recommends both proposals; interested director Dato' Alex Kang Pang Kiang abstained from the related-party transaction recommendation.
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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