Amcorp Properties Berhad (KLSE:AMPROP) commences share repurchases on September 6, 2018 under the program mandated by the shareholders in the Annual General Meeting held on August 30, 2018. As per the mandate, the company is authorized to repurchase its own shares such that it’s holding of own shares at any time does not exceed 10% of its total issued and paid-up share capital. The maximum fund to be allocated by the company for the purpose of purchasing the shares shall not exceed the aggregate of the retained profits. The repurchases will be financed out of the internally generated funds or external borrowings. The shares repurchased will be cancelled in all or part of the shares repurchased or retained in all or part of the repurchased shares as treasury shares or distribute the treasury shares as share dividends to the company’s shareholders for the time being, or resell the treasury shares on Bursa Securities, or transfer the treasury shares for the purposes of or under an employees’ share scheme, and/or transfer all or part of the treasury shares as purchase consideration; and /or sell, transfer or otherwise use the treasury shares for such other purposes as the minister may by order prescribe. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting.