Summit Power approves 20pc stock dividend
Monday, 4 June 2007
FE Report
Summit Power Limited approved 20 per cent stock dividend for its shareholders for the year that ended on December 31 last.
The dividend was approved in presence of the company's shareholders at its tenth annual general meeting (AGM) at the Bangladesh-China Friendship Conference Centre in the city recently.
Presided over by Summit Power Chairman Muhammed Aziz Khan, the meeting was attended, among others, by directors Anjuman Aziz Khan, Md Farid Khan, Md Latif Khan, Ayesha Aziz Khan, Syed Fazlul Haque, Toppan Krishna Podder and Helal Uddin Ahmed, and Company Secretary Mamunur Rashid.
More than 3,500 shareholders of the company took part in the meeting.
The first Bangladeshi power generation company is now operating a 35.30 megawatts power plant at Madhabdi-Narshingdi, a 24.50 megawatts power plant at Chandina-Comilla and a 11 megawatts power plant at Ashulia-Savar.
The company has already signed agreements with the Rural Electrification Board (REB) and the Government of Bangladesh to add another 33.75 megawatts to the capacity of its Ashulia-Savar plant.
After completion of the Savar expansion unit, the total power generation capacity of the company will be about 105 megawatts.
Summit Power Limited approved 20 per cent stock dividend for its shareholders for the year that ended on December 31 last.
The dividend was approved in presence of the company's shareholders at its tenth annual general meeting (AGM) at the Bangladesh-China Friendship Conference Centre in the city recently.
Presided over by Summit Power Chairman Muhammed Aziz Khan, the meeting was attended, among others, by directors Anjuman Aziz Khan, Md Farid Khan, Md Latif Khan, Ayesha Aziz Khan, Syed Fazlul Haque, Toppan Krishna Podder and Helal Uddin Ahmed, and Company Secretary Mamunur Rashid.
More than 3,500 shareholders of the company took part in the meeting.
The first Bangladeshi power generation company is now operating a 35.30 megawatts power plant at Madhabdi-Narshingdi, a 24.50 megawatts power plant at Chandina-Comilla and a 11 megawatts power plant at Ashulia-Savar.
The company has already signed agreements with the Rural Electrification Board (REB) and the Government of Bangladesh to add another 33.75 megawatts to the capacity of its Ashulia-Savar plant.
After completion of the Savar expansion unit, the total power generation capacity of the company will be about 105 megawatts.