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Asia File Corporation Berhad Announces Share Buy Back


Monday, 26 Aug 2013 05:55am EDT 

Asia File Corporation Berhad announced that the Company proposed to seek renewal of authorisation from its shareholders at the forthcoming general meeting to purchase its own shares up to 10% of the existing issued and paid-up share capital of the Company. The Proposed Authority to Buy-Back Shares will give the Directors the flexibility to purchase its own shares, if and when circumstances permit, with a view to enhancing the EPS of the Group and NA per share of the Company. The Proposed Authority to Buy-Back Shares is not expected to have any potential material disadvantage to the Company and its shareholders as it will be exercised only after in-depth consideration of the financial resources of the Group and of the resultant impact on the shareholders of the Company. 

Latest Developments for Asia File Corporation Bhd

Company Quote

7.34
-0.01 -0.14%
3:58am EDT