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.
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