IFCA MSC Proposes 10% Share Buy-Back Renewal; Shares Slip 3%

MT Newswires Live

04/09

IFCA MSC (KLSE:IFCAMSC) is seeking shareholders' approval to renew its share buyback authority to purchase up to 10% of the issued shares of the company, according to a Wednesday Malaysian bourse disclosure.

Shares slid about 3% in Thursday's afternoon trade.

The software developer will table a resolution to renew the share buy-back authority at the company's upcoming annual general meeting.

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

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