CTOS Digital Cancels 15.5 Million Treasury Shares Under Share Buyback Program; Shares Drop 3%
MT Newswires Live
Jun 08
CTOS Digital (KLSE:CTOS) cancelled 15.5 million treasury shares, equivalent to 0.67% of its issued share capital, as part of its ongoing share buyback program, according to a Friday Malaysian bourse filing.
Shares fell 3% in Monday's midday trade.
The move reflects its broader capital management strategy and confidence in long-term business strength.
The group said it has repurchased about 34.9 million shares in 2025, with total cancellations now at 35 million shares.
The company plans to seek a renewal of its buyback mandate at its annual meeting on June 25, to repurchase up to 10% of issued share capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.