Eastern Housing approves 15pc cash dividend
Friday, 14 December 2007
FE Report
The 43rd annual general meeting (AGM) of Eastern Housing Limited approved 15 per cent cash dividend for shareholders.
Earlier, the board of directors of the company in consideration of profit and liquidity recommended the dividend.
The meeting was held at the Officers Club in the city Wednesday. The meeting was presided over by Director of the company Md Abdul Wadud, who was voted to the chair in absence of the chairman of the company.
Abdul Wadud apprised the shareholders present in the meeting of various aspects of the company's activities during the year under review. He said the private sector real estate business is now passing through a bad time. Abnormal price hike of construction materials has pushed the real estate sector into a deep crisis, he added.
Retiring directors Suraiya Begum and Md Abdul Wadud were reelected directors of the company.
Auditors M/S MM Rahman & Co, chartered accountants, were reappointed auditors for the year ending on July 31, 2008.
The efforts and contributions of the management were appreciated by the shareholders.
The 43rd annual general meeting (AGM) of Eastern Housing Limited approved 15 per cent cash dividend for shareholders.
Earlier, the board of directors of the company in consideration of profit and liquidity recommended the dividend.
The meeting was held at the Officers Club in the city Wednesday. The meeting was presided over by Director of the company Md Abdul Wadud, who was voted to the chair in absence of the chairman of the company.
Abdul Wadud apprised the shareholders present in the meeting of various aspects of the company's activities during the year under review. He said the private sector real estate business is now passing through a bad time. Abnormal price hike of construction materials has pushed the real estate sector into a deep crisis, he added.
Retiring directors Suraiya Begum and Md Abdul Wadud were reelected directors of the company.
Auditors M/S MM Rahman & Co, chartered accountants, were reappointed auditors for the year ending on July 31, 2008.
The efforts and contributions of the management were appreciated by the shareholders.