Estun Automation's stock surged 5.03% during intraday trading on Friday, following the positive outcome of its annual general meeting held the previous day.
The company secured overwhelming shareholder support for all 15 resolutions at its 2025 AGM, highlighting strong investor confidence. Key approvals included the adoption of a new three-year dividend policy for 2026-2028, an increase in registered capital, and dual mandates allowing the company to issue new shares up to 20% of its share capital and repurchase up to 10% of issued shares.
Shareholders also endorsed the FY25 profit distribution, granted the company financial flexibility for 2026 through integrated credit facilities, and approved the 2025 annual reports and accounts with near-unanimous support. These decisive votes are seen as reinforcing corporate governance and providing a clear roadmap for capital management and shareholder returns.
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