KLSE:HI

HI Mobility Seeks Share Buyback, Transactions Authority Renewal; Shares Drop 3%

HI Mobility (KLSE:HI) is seeking its shareholders' approval to renew share buyback authority to purchase up to 10% of the issued shares in the company's upcoming annual general meeting, according to a Tuesday Malaysian bourse filing.Shares fell about 3% in Wednesday's midday trade.The bus transportation services company also proposed to seek shareholder approval for the renewal of existing mandates for recurrent related party transactions of a revenue or trading nature.

Apex Securities Starts HI Mobility at Buy with MYR2.73 Price Target