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WMS holds 7th EGM

Published : Wednesday, 12 September, 2018 at 12:00 AM Count : 227
Business Desk

WMS Chairman Saiful Islam presiding over the 7th Extraordinary General Meeting (EGM) of the company at Chittagong Boat Club in the port city on Monday.

WMS Chairman Saiful Islam presiding over the 7th Extraordinary General Meeting (EGM) of the company at Chittagong Boat Club in the port city on Monday.

Western Marine Shipyard Limited (WMS) organised its 7th Extraordinary General Meeting (EGM) at Chittagong Boat Club Confidence Cement Convention Centre in the port city on Monday.
WMS Chairman Saiful Islam, Managing Director Sakhawat Hossain and other directors were present in the meeting.
A large number of general shareholders of the company took part in the meeting.
Saiful Islam expressed his gratitude to the shareholders for having confidence on Western Marine Shipyard Ltd and proposed to revise the issue price and Ratio of Right Share issuance at 1R: 2 (1 right share for every 2 existing shares) at Tk 15.00 each (including premium of Tk 5.00 each) instead of earlier recommended 1.25R:1 (5 right share for 4 existing shares) at Tk 20.00 each (including premium of Tk 10.00 each), which was approved by present shareholders and they also thanked the Management of Western Marine Shipyard on such proposal.





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