IJM Corporation Berhad (KLSE:IJM) commences share repurchases on September 1, 2021, under the program mandated by the shareholders in the Annual General Meeting held on August 26, 2021. As per the mandate, the company is authorized to repurchase up to a maximum of 10% of its issued share capital. The shares repurchased will be held as treasury shares and subsequently resold or distributed to the shareholders as dividends or transferred or cancelled. The maximum funds to be allocated by the company for the purpose of purchasing the shares shall not exceed the aggregate of the retained profits of the company and the company may use internally generated funds and/or borrowings to finance the repurchases. 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.