Thursday, March 31, 2011

Tomypak plans to buy back 10% of own shares

KUALA LUMPUR: TOMYPAK HOLDINGS BHD [] plans to buy back up to 10% of its own shares, which would be up to 10.8 million shares based on its current paid-up of 108.659 million shares.

The company said on Thursday, March 31 that it would see shareholders' approval at the forthcoming annual general meeting.

At midday, the shares were up 0.5 sen to 97.5 sen.

It traded to a high of RM1.14 on Jan 17. Its 52-week high was RM1.54 on July 23, 2010 while its 52-week low was 90 sen on March 16.

As at Dec 31, 2010, its net asset per share was 82 sen. For FY10, it posted net profit of RM15.85 million on the back of RM184.25 million in revenue.

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