Cepatwawasan seeks share buyback nod

KUALA LUMPUR: Cepatwawasan Group Bhd (CGB) is seeking shareholders’ approval to purchase up to 10% of its issued and paid-up share capital.

In a statement to Bursa Malaysia, it also said it was seeking an exemption to its parent MHC Plantations Bhd and the parties acting in concert with it from the obligation to undertake a mandatory general offer for all the remaining RM1 shares in CGB not held by them pursuant to the implementation of the proposed share buy-back.