Harn Len Corporation Bhd (KLSE:HARNLEN) commences share repurchases on January 24, 2024, under the program mandated by the shareholders in the Annual General Meeting held on November 16, 2023. As per the mandate, the company is authorized to repurchase 10% of its issued share capital. The repurchased shares will retained as treasury shares and/or cancelled.

The repurchases will be funded through internally generated funds and/or bank borrowings. The maximum amount of funds to be allocated for the repurchase shall not exceed the aggregate of retained profits of the company. 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.