Corporate DisclosureINTRACO

INTRACO Corporate Disclosure — 31 January 2019

Published
Last verified by BullBD

Announcement summary

What happened
INTRACO published a corporate disclosure on 31 January 2019. Read the full announcement for details.
Company
Intraco Refueling Station PLC
Announcement published

Original announcement

Continuation news of INTRACO): of 5 Subsidiary companies has decided that IRSL will take over all assets and liabilities of 5 subsidiaries companies through merger. As a result, it would be efficient for IRSL by reducing management cost and availing tax benefit i.e. 25% tax rate instead of 35% tax rate for all 5 subsidiaries companies. Moreover, it will also reduce double taxation in case of dividend declared by the subsidiaries companies. (cont. 2)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616aced55a6b00004005a8c4
Original publication
Last verified by BullBD
Translation
BullBD
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