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 Fareast Life to change the face value of its shares

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Posts : 98
Join date : 2010-05-25

PostSubject: Fareast Life to change the face value of its shares   Tue May 25, 2010 1:55 pm

The company has informed that the Board of Directors of the company has taken the following decisions: 1. Change be made in the denomination of the face value of shares of the company from Tk. 100 to Tk. 10 each and market lot shall be 50 shares subject to approval of SEC, Chief Controller of Insurance and Shareholders in the EGM, 2. Accordingly amendments will be made in the respective clauses of Memorandum and Articles of Association of the company and 3. The date of EGM for taking Special Resolution for necessary amendments in the Memorandum and Articles of Association of the company will be notified after obtaining consent from SEC and Chief Controller of Insurance in this regard.
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