Go Hub Capital Bhd has secured shareholder approval for a key mandate allowing the issuance of new shares of up to 10% of its enlarged share capital, providing the transport IT solutions provider with greater financial flexibility to fund expansion, investments and potential acquisitions.
The approval, passed at its 4th AGM, enables the company to raise funds for working capital, strategic projects and future growth initiatives without requiring separate shareholder approvals, strengthening its ability to respond swiftly to opportunities in the fast-evolving mobility technology space.
Other approved resolutions include the re-election of three directors, directors’ fees and benefits, and the re-appointment of Baker Tilly Monteiro Heng PLT as auditors.
In addition, the shareholders approved a renewed mandate for recurrent related party transactions, supporting the company’s day-to-day operations in the ordinary course of business.
Executive Director and Chief Executive Officer Tan Cherng Thong said the approvals provide both governance continuity and financial flexibility as Go Hub executes its expansion strategy.
He said the company remains focused on strengthening its recurring income base and expanding across mobility ecosystems in Malaysia and overseas, supported by rising digitalisation of public transport systems.
Looking ahead, Tan said the company will continue pursuing opportunities in bus and rail digital solutions, underpinned by growing adoption of cashless payments, smart mobility infrastructure and integrated transport management systems across regional markets.
