Corporate DisclosureSUMITPOWER
SUMITPOWER Corporate Disclosure — 1 January 2015
Announcement summary
- What happened
- SUMITPOWER published a corporate disclosure on 1 January 2015. Read the full announcement for details.
- Company
- Summit Power Limited
- Announcement published
Original announcement
The Company has informed that after receiving BSECs consent the Board of Directors of Summit Power Limited (SPL) has approved further allotment of SPLs 10,67,91,361 Ordinary Shares of Tk. 10.00 each in favour of Summit Industrial and Mercantile Corporation (Pvt.) Ltd. (SIMCL) in exchange for acquisition of 20,39,71,500 shares of Tk. 10.00 each of Summit Meghnaghat Power Company Limited (SMPCL), equal to 30% of the SMPCLs Equity, in the ratio of 1.91 SMPCL shares for 1 share of Summit Power Limited.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf4d5a6b000040065452
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from SUMITPOWER
Financial information is provided for general reference only and may be revised by the company. BullBD is not the official DSE website. Not investment advice.