Varia seeks shareholder approval to buy back up to 10% of shares

Bitget2026/10/28 03:21

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Varia seeks shareholder approval to buy back up to 10% of its issued shares, equivalent to 43,251,500 shares.
The proposal goes to the annual general meeting on November 26, 2026; directors recommend voting in favor.
Buybacks must be funded wholly from retained profits; accumulated losses totaled RM 38.53 million for the year ended June 30, 2026.
Purchased shares may be canceled or retained as treasury shares for subsequent resale or distribution as share dividends.
The authority would expire at the next annual general meeting unless renewed, or earlier if revoked or the statutory meeting deadline expires.

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. Varia Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3719415) on October 28, 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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Varia seeks shareholder approval to buy back up to 10% of shares

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