Berjaya Food Berhad (KLSE:BJFOOD) commences share repurchases on October 2, 2018, under the program mandated by the shareholders in the Annual General Meeting held on October 2, 2018. As per the mandate, the company is authorized to repurchase its own shares, such that the company’s holding in treasury does not exceed 10% of its issued share capital. The maximum fund to be allocated by the company for the purpose of purchasing the shares will be financed through internally generated funds and/or borrowings, the proportion of which will depend on the quantum of the cash consideration as well as the availability of internally generated funds and/or borrowings at the time of the purchase. The Board resolve to cancel all the shares repurchased, retain all the shares repurchased as treasury shares, or retain part thereof as treasury shares and subsequently cancelling the balance. 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 carried out to the full extent, unless varied or revoked in a General Meeting.