Fu-Wang Ceramic announce 10pc stock dividend

Fu-Wang Ceramic Industry Ltd held its extra ordinary general meeting and the 14th annual general meeting at the National Shooting Complex at Gulshan in Dhaka on Sunday. Fu-Wang Ceramic managing director Khaled N Kabir presided over the meetings, said a news release. Director Kaiful Wara and independent director Narayan Roy, along with a good number of shareholders, were present in the meetings. Company secretary Sanchita Karmaker conducted the meetings. In the EGM, the shareholders approved rights share at the rate of 1:2 (one right share for every two shares) at Tk 125 each (including premium Tk 25 each share) on paid up capital ( after consideration of 10 per cent stock dividend for the year 2008-2009) subject to approval of the Securities and Exchange Commission. In the AGM, shareholders of the company approved 10 per cent stock dividend and audited statements for the year 2008-2009.