MUI Properties seeks renewal of mandate to buy back up to 10% of shares

Bitget2026/10/30 09:36

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MUI Properties will seek shareholder approval on December 9, 2026, to renew authority to repurchase up to 10% of issued shares.
The limit includes 23,145,300 treasury shares, leaving capacity to purchase another 53,260,689 shares.
Shareholders will also vote to renew a recurring related-party transaction mandate covering management services from Malayan United Management.
Estimated transactions total RM 20 million from the forthcoming annual meeting to the next.
Directors recommend voting for both proposals, with interested director Andrew Khoo Boo Yeow excluded from the recommendation on related-party transactions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MUI Properties Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3720838) on October 30, 2026, and is solely responsible for the information contained therein.

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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MUI Properties seeks renewal of mandate to buy back up to 10% of shares

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