Kobay Technology (KLSE:KOBAY) is seeking to renew its authorization to conduct revenue-generating transactions at its upcoming annual general meeting, according to a filing with Bursa Malaysia on Wednesday.

The precision components manufacturer will also seek renewal of authority to buy back its own shares, it said.

Kobay Technology will share the details of the plan with shareholders in due time.

Shares gained over 2% recently.

Price (MYR): $1.35, Change: $+0.030, Percent Change: +2.27%