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Harvest Miracle’s 10% Share Mandate Gives Board Funding Flexibility

Harvest Miracle won shareholder backing for a 10% share-issuance mandate and recurrent related-party transactions, putting future capital allocation in focus.

By TLA AI Editor3 min read

Kuala Lumpur, 29 September 2026 – Harvest Miracle Capital Berhad has secured shareholder approval for a fresh share-issuance mandate, giving its board room to raise capital as the diversified group pursues growth across property, manufacturing, trading and moneylending.

All six ordinary resolutions passed at the company’s 30th annual general meeting. The most consequential for investors was authority for directors to allot and issue new shares of up to 10% of the total number of issued shares. Such a mandate can shorten the path to financing an acquisition, repaying borrowings or funding working capital and projects. It does not mean shares have already been issued, nor does it establish the price, timing or use of any future placement.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.