Meghna Petro buys 20pc more stakes in Salatin
Thursday, 21 October 2010
FE Report
Meghna Petroleum Ltd, a state owned oil marketing firm, has snapped up additional 20 per cent stake in Salatin Syndicate Ltd.
After buying 20 per cent or 1000 shares, its holdings stood at 4500 out of total 5000 shares. Four directors of the Salatin hold rest or 500 shares.
Md Ataur Rahman, deputy secretary of commerce ministry, handed over the share certificate to AHM Samsuddoha, managing director of Meghna Petroleum Ltd, at a ceremony held at the Privatisation Commission (PC).
PC chairman Mirza Abdul Jalil, Member of the Parliament Mahbub Ara Gini and other high officials from the both organisations were present at the ceremony.
Salatin Syndicate came under the commerce ministry after independence when its original owners left the country. It started its commercial operation since 1963 as private company.
The company is housed on 22.50 kathas of land at Motijheel Commercial Area.
Meghna Petroleum Ltd, a state owned oil marketing firm, has snapped up additional 20 per cent stake in Salatin Syndicate Ltd.
After buying 20 per cent or 1000 shares, its holdings stood at 4500 out of total 5000 shares. Four directors of the Salatin hold rest or 500 shares.
Md Ataur Rahman, deputy secretary of commerce ministry, handed over the share certificate to AHM Samsuddoha, managing director of Meghna Petroleum Ltd, at a ceremony held at the Privatisation Commission (PC).
PC chairman Mirza Abdul Jalil, Member of the Parliament Mahbub Ara Gini and other high officials from the both organisations were present at the ceremony.
Salatin Syndicate came under the commerce ministry after independence when its original owners left the country. It started its commercial operation since 1963 as private company.
The company is housed on 22.50 kathas of land at Motijheel Commercial Area.