KAY&QUE Asset Revaluation - Share market analysis of dhaka stock exchange, Bangladesh

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11 June, 2018 02:01 PM Source: Dhaka Stock Exchange

The Company has informed that the Board of Directors of the Company has taken the following decisions: 1. Revaluation of the Assets of the Company: The Board of Directors has accepted and approved the assets revaluation report submitted by M/S. Mahfel Huq & Co. Chartered Accountants. As per the report, the value of assets is Tk. 58,47,95,873.00 against the book value of Tk. 13,81,34,723.00 as on December 31, 2017. The revaluation surplus is Tk. 44,66,61,150.00. 2. Amalgamation of Multisourcing Ltd. with the Kay & Que (Bangladesh) Ltd.: The Board of Directors has adopted the draft scheme of amalgamation of Multisourcing Limited (Transferor Company) with Kay & Que (Bangladesh) Limited (Transferee Company) subject to sanction of the High Court Division of Honorable Supreme Court of Bangladesh and approval of the Shareholders in the EGM.

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