Alam Maritim seeks renewal of share buyback authority for up to 10% of shares
Bitget2026/10/30 07:31- Alam Maritim Resources seeks shareholder approval to renew its share buyback authority at the November 25, 2026, annual general meeting.
- The proposal permits purchases of up to 44,557,658 shares, representing 10% of issued shares.
- Spending cannot exceed retained profits, which totaled RM 43.77 million as of June 30, 2026.
- The authority would run until the next annual general meeting unless it expires or is revoked earlier.
- The board recommends shareholders vote in favor of the renewal.
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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