Tuesday, 4 September 2012

Share Buybacks - What the Board of Directors can choose to do with these?

Upon the purchase by the Company of its own Shares, the Board of Directors of the Company can choose to:-

(i) cancel all or part of the Shares purchased; and/or
(ii) retain all or part of the Purchased Shares as treasury shares; and/or
(iii) distribute the treasury shares as share dividends to the Company’s shareholders for the time being; and/or
(iv) resell the treasury shares on Bursa Securities.

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