YTL Power buys back 9.7m shares for RM18.1m

YTL Power International Bhd continued to buy back its own shares from the market, with the latest purchase of 9.706 million shares for RM18.10mil.

A filing with Bursa Malaysia on Friday showed it bought back the shares at prices ranging from RM1.85 to RM1.86.

The latest purchase increased its net treasury shares to 303.52 million shares or a 4.25% stake.

Maybe deal by year end? Possible?

Notice of Shares Buy Back - Immediate Announcement

http://www.bursamalaysia.com/market/listed...cements/1440629

Pursuant to Paragraph 9.19(23) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, YTL Power International Berhad (“Company” or “YTL Power”) wishes to announce that it has acquired 2 ordinary shares, representing the entire issued and paid-up share capital of Tunas Madani Sdn Bhd (“TMSB”) at par value of RM1.00 per share (the “Acquisition”). As a result of the Acquisition, TMSB has become a subsidiary of the Company.
TMSB was incorporated on 10 October 2013 and presently has an authorized share capital of RM400,000 comprising 400,000 ordinary shares of RM1.00 each. TMSB will be principally involved in investment holding.

The Acquisition is not expected to have any material effect on the earnings, net assets and gearing of the YTL Power group for the current financial year. None of the Directors or major shareholders of the Company or persons connected with them has any interest, direct or indirect in the Acquisition.

NEW SUBSIDIARY AND RE-ORGANISATION OF GROUP STRUCTURE

http://www.bursamalaysia.com/market/listed...cements/1443045

Notice of Shares Buy Back

http://www.bursamalaysia.com/market/listed...cements/1443321

Affin recommend Buy with TP @ 2.00

Notice of Shares Buy Back

http://www.bursamalaysia.com/market/listed...cements/1455069

Touch 1.96 yesterday which is 52 weeks high

Any idea why YTL Power is dropping? Any effect on the yesterday TENAGA power tariff adjustment announcement to YTLP? Thanks

YTLP is removed from shariah compliant list.. so ALL shariah fund must sell off all the stocks..

Thanks a lot Gark. Any guidance for me to get the list of stocks that is drop from shariah compliant fund?

why do they keep on buy back their own shares?

get from bursa website?... i am not sure?

They have plenty of $

U may refer to below link
http://www.sc.com.my/wp-content/uploads/en..._291113.pdf.pdf

thanks

Distribution of One (1) treasury share for every Twenty (20) existing ordinary shares of RM0.50 each held ("Share Dividend")

EX-date 11/03/2014
Entitlement date 13/03/2014

http://www.bursamalaysia.com/market/listed...cements/1544401

Hi all sifus, now I have 1500 shares of YTLPOWR. Does this mean that I need to buy another 500 shares in order to get 100 treasury shares? Appreciate all advice.

Nope
No action at yo end
U will get xtra 75 shares for free