DHAKA: Golden Son Ltd Saturday decided to jack up its authorized capital from Tk 50 crore to Tk 200 crore, in a big boost to the engineering company.

The decision on steeply increasing the capital came from a general meeting of the firm at Chittagong press club.

Besides, the company decided to give right share in 1:1 rate to all the shareholders.

An official of the organization said the company would change its lot system and a total of 250 shares would put in a lot. At present 500 shares of the company constitute a lot.

According to the official of the company Tk 20 premium would be taken for each Tk 10 right share.

Belal Ahmed, MD of the company, said that they are increasing authorized capital from 5 crore right shares which would add Tk 150 crore to the existing capital.

“We’ll send the new proposal to SEC within 15 days for approval,” added Belal Ahmed.

Many officials and shareholders of Golden Son Ltd. were present at the meeting.

BST 2127 HRS, June 19, 2010
GS/ARF/MMA/MUA