FINWIRES · TerminalLIVE
FINWIRES

CTOS Digital Cancels 15.5 Million Treasury Shares Under Share Buyback Program; Shares Drop 3%

By

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.

Related Articles

Asia

HD Hyundai Heavy Wins KRW360.7 billion Order for Two VLGCs from Europe; Shares Decline 5%

HD Hyundai Heavy Industries (KRX:329180) won an order for two very large gas carriers (VLGCs) from a Europe-based shipping company, according to a Monday filing with the Korean Exchange.The deal is valued at 360.7 billion won. The shipbuilder will deliver the vessels by Nov. 30, 2029.Shares of the company fell nearly 5% in recent trade.

$KRX:329180
Asia

Industrial Bank Issues 40 Billion Yuan in Tier-2 Capital Bonds

Industrial Bank (SHA:601166) issued its second tranche of Tier-2 capital bonds for the year, which amounts to 40 billion yuan, according to a Shanghai bourse filing on Saturday.The bond has a coupon rate of 1.88% and a term of 10 years, with a conditional redemption at the end of the fifth year.Proceeds will be used to supplement the company's Tier-2 capital.

$SHA:601166
Asia

Adani Ports Forms New Subsidiary in UAE for Shipping Management

Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) has incorporated a subsidiary, Harbour International Shipping, in the UAE for the management and operation of ships, according to a Friday filing to the Indian stock exchanges.The new entity is wholly owned by The Adani Harbour International, a step-down subsidiary of the company.Harbour International has been formed to conduct its offshore operations locally in the UAE, as Adani looks to diversify its fleet globally.

$BOM:532921$NSE:ADANIPORTS