GOLDENSON Approves Tk 0 Crore Investment

The Company has informed that "GSL Export Ltd., a subsidiary company of Golden Son Ltd. has signed a Memorandum of Understanding (MoU) with Mr. Stephen Christenson, a famous German Industrialist and businessman to set up a large scale 100% export oriented toys manufacturing factory in GSL Export Ltd. Under the said MoU, Mr. Stephen has agreed to invest in 50% shares of GSL Export Ltd., Golden Son will invest 40% and Mr. Belal Ahmed will invest in 10% shares. Presently, Mr. Stephen has business and factories of similar product lines in Germany, Latvia and China of which the business and factory of Latvia named Latvian Corporation has been in operation for last 103 years. (Cont.)