SYF Resources Berhad (KLSE:SYF) commences share repurchases on January 9, 2019, under the program mandated by the shareholders in the Annual General Meeting held on January 8, 2019. As per the mandate, the company is authorized to repurchase own shares, such that the company’s holding in treasury does not exceed 10% of its issued share capital. The buyback will be funded out of retained earnings. The shares repurchased will be cancelled or retained as treasury shares or distributed as share dividends to the company’s shareholders, or resold, or transferred for the purposes of or under an employees’ share scheme, or transferred as purchase consideration. The share repurchase program shall be valid until the earliest of the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required by law to be held or revoked or varied by ordinary resolution passed by the shareholders of the company in a General Meeting.