Hap Seng Plantations Holdings Berhad (KLSE:MMSV) commences share repurchases on June 4, 2019, under the program mandated by the shareholders in the Annual General Meeting held on May 29, 2019. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital. The repurchased shares will be canceled, or retained in treasury, or partially cancelled and retained in treasury. The repurchases will be funded from the internally generated funds or external borrowings. 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.