Harvest Miracle Capital Bhd shareholders have approved a resolution allowing the board to allot and issue new shares of up to 10% of the company’s total issued shares, giving the group greater flexibility to raise funds for working capital, projects, investments, debt repayment and acquisitions.
The mandate was among six ordinary resolutions passed at the company’s 30th annual general meeting, alongside approval for a new shareholders’ mandate covering recurrent related party transactions of a revenue or trading nature.
The group said the share issuance authority will allow the board to respond more quickly to funding opportunities, while the related-party transaction mandate enables recurring dealings to continue in the ordinary course of business on normal commercial terms.
Shareholders also re-elected Datuk Liu Han Ming and Sherene Lee Mong Ee as directors, and approved directors’ fees and benefits for the current financial year.
Lee said the approvals give Harvest Miracle greater flexibility to pursue growth and capital management opportunities while maintaining discipline in capital allocation.
The AGM came after a stronger start to FY2027. For the first quarter ended June 30, 2026, Harvest Miracle’s revenue from continuing operations rose 14.3% year-on-year to RM64.21 million, while profit after tax surged 358.4% to RM3.19 million.
The group said the improvement was supported by broader contributions from its property investment, moneylending, manufacturing and trading businesses.
Looking ahead, Harvest Miracle plans to strengthen its diversified earnings base, including through investment properties such as the Antara Genting project, its growing moneylending operations and its manufacturing and trading businesses.
