-- Malaysia Steel Works (KL) (KLSE:MASTEEL) is seeking to renew its authorization to conduct revenue-generating transactions at its upcoming annual general meeting, according to a Thursday Malaysian bourse filing.
Shares gained about 2% in Friday's midday trade.
The conglomerate is also seeking its shareholders' nod to renew authority to purchase up to 10% of the issued shares of the company, according to a separate same-day filing.
The company will share a statement containing details of the plans with shareholders in due time, it noted.