The 8th Extraordinary General Meeting (EGM) of Western Marine Shipyard Limited (WMShL) was held at Shaheen Golf & Country Club in the port city on Thursday.
A goof number of general shareholders of the company participated in the meeting.The company Chairman Saiful Islam, Managing Director Sakhawat Hossain and other directors of the board were present at the meeting.
Chairman Saiful Islam expressed his gratitude to the shareholders for keeping confidence on the company.
He proposed to revise the issue price and ratio of right share issuance at 1R: 2 (1 right share for every 2 existing shares) at Tk 10.00 each instead of previously recommended 1R:2 at Tk. 15.00 each (including premium of Tk. 5.00 each).
The proposal was approved by the present shareholders who also thanked the company management for their efforts to take the company forward further.