Rubberex Corporation (M) Berhad (KLSE:RUBEREX) commences share repurchases on September 20, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 28, 2021. 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 shall not exceed the aggregate of the retained profits of the company. The shares repurchased will be cancelled, retained in treasury, or partially cancelled and retained in treasury, or distributed as dividend to the shareholders or resold or retain the part of shares as treasury and cancel the remaining. 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.