GHAIL Approval to increase paid up capital of the wholly owned subsidiary - Share market analysis of dhaka stock exchange, Bangladesh

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19 April, 2018 11:29 AM Source: Dhaka Stock Exchange

The Company has informed that the Board of Directors has approved an increase of share capital of Golden Harvest Ice Cream Limited; a wholly owned subsidiary of Golden Harvest Agro Industries Limited. The paid up capital will be increased in the following manner; subject to the approval of BSEC: Through issuance of 15,000,000 bonus shares of Tk. 10.00 each, totaling Tk. 150,000,000.00 against retained profit from the existing shareholders. b) Through issuance of 3,000,000 ordinary shares of Tk. 10.00 each, totaling Tk. 30,000,000.00 against cash consideration to the existing shareholder Mr. Ahmed Rajeeb Samdani & Through issuance of 52,000,000 ordinary shares of Tk. 10.00 each, totaling Tk. 520,000,000.00 against cash consideration from the other than existing shareholders. Total paid up shares of Golden Harvest Ice Cream Limited will be 100,000,000 & new proportion of the post raising capital structure will be as under: Golden Harvest Agro Industries Limited: 45%, Ahmed Rajeeb Samdani: 3% and fresh issuance to other than existing shareholders: 52%


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