SBC Seeks Shareholder Nod to Renew Share Repurchase Authority

MT Newswires Live

07/11

SBC (KLSE:SBCCORP) is seeking its shareholders' approval to renew share buyback authority to purchase up to 10% of the issued shares of the company.

The property developer will table a resolution to renew the share buy-back authority in the company's upcoming annual general meeting, according to a Friday Malaysian bourse disclosure.

The company will share a statement containing details of the repurchase plan with shareholders in due time, it noted.

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