Asia Pacific General Insurance to increase authorized capital

Dhaka, Bangladesh (BBN)– The Asia Pacific General Insurance company limited has decided to increase authorized capital to BDT 1.0 billion from BDT 500 million and to change the denomination of face value of shares from BDT 100.00 to BDT 10.00 each.

“Necessary amendments will also be made in the Memorandum and Articles of Association of the company in this respect subject to approval of shareholders in the EGM and regulatory authorities,” an announcement said.

The extraordinary general meeting (EGM) will be held at Hotel Washington Gulshan Avenue in Dhaka on November 24 this year. Record date for EGM has been fixed on November 02, 2011.

BBN/SSR/AD-26Oct11-12:50 pm (BST) 

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