Malakoff buys back 3m shares as prices at record low

Malakoff, which is an independent power producer with the largest capacity in Southeast Asia, announced to Bursa Malaysia its indirect unit Win Macarthur Finco Pty Ltd (WMFPL) had drawn down the amount for the existing term loan.

KUALA LUMPUR: Southeast Asia's largest independent power producer Malakoff Corporation Bhd, whose share price has been languishing at record lows, bought back three million shares on Friday.

A filing with Bursa Malaysia showed it bought the shares at prices ranging from 86.5 sen to 87.5 sen. The total price which is paid for was RM2.60mil.

The latest share buy-back increased the number of shares retained in treasury to 30.918 million units or 0.61% of its paid-up share capital.