Golden Son to issue rights

The board of directors of Golden Son decided to issue rights shares at 1R:2 (1 Rights share for every 2 existing shares) for expansion of existing business of the company subject to approval of the securities regulator, officials said.
Each share Tk 10 at an issue price of Tk 30 each, including a premium of Tk 20 per share after considering bonus shares for the year ended on December 31, 2013 for expansion of existing business of the company subject to approval of the shareholders in the extra ordinary general meeting (EGM) and regulatory authorities, said a statement posted on the DSE website Thursday.
The EGM will be held on June 6, 2014 at 11am at Chittagong Boat Club Ltd. Ghat No. 11, East Patenga, Chittagong and record date has been set on 27 May, 2014.
Another record date for entitlement of the proposed rights shares to be notified later on after obtaining approval from Bangladesh Securities & Exchange Commission (BSEC), said the statement.