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Finance

Hua Yang Bhd hit with Bursa Malaysia public reprimand over share buyback breach

Hua Yang Bhd was publicly reprimanded by Bursa Malaysia Securities Bhd on April 25 2026 for buying back 4.48 million of its own shares outside the exchange market.

Source: The Star · The Edge Malaysia · August 20, 2026 at 1:30 PM · AI-assisted report

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Hua Yang Bhd hit with Bursa Malaysia public reprimand over share buyback breach
Photo: Travelpleb / CC0

KUALA LUMPUR, 20 AUGUST 2026 —

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Hua Yang Bhd was publicly reprimanded by Bursa Malaysia Securities Bhd on April 25 2026 for buying back 4.48 million of its own shares outside the exchange market.

Market Impact

The purchase took place on April 22 2026 when Hua Yang acquired the units directly from a shareholder rather than through the Bursa Malaysia market, breaching paragraph 12.04 of the Main Market Listing Requirements (MAIN LR).

Bursa Malaysia completed due process under paragraph 16.19(1) of the MAIN LR before issuing the reprimand and considered the materiality of the breach, the company said in a filing.

The bourse found no directors caused or permitted the breach but reminded the board of its duty to maintain compliance standards for the MAIN LR.

Hua Yang’s board at the time comprised Tan Sri Dr Ting Chew Peh, Ho Wen Yan, Tengku Rahimah Al-Marhum Sultan Mahmud, Choo Seng Choon Chew Hoe Soon and Ho Wen Fan.

Bursa Malaysia said paragraph 12.04 is fundamental to ensuring open and transparent share buybacks under Chapter 12 of the MAIN LR.

The rule prevents selective buybacks or preferential treatment of specific shareholders and safeguards a fair and orderly market, the bourse said.

No financial penalty was imposed, but the public reprimand signals Bursa Malaysia’s enforcement stance on listing compliance.

Hua Yang has not announced remedial steps beyond acknowledging the breach and reaffirming its commitment to the MAIN LR.

The incident follows Bursa Malaysia’s emphasis on market integrity, where deviations from listing rules can draw regulatory sanctions even absent director culpability.

Related: Bursa Malaysia · Kuala Lumpur

Reporting based on The Star · The Edge Malaysia. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.