Asia
CTOS Digital Cancels 15.5 Million Treasury Shares Under Share Buyback Program; Shares Drop 3%
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.
KLSE:CTOS