Dhaka, Bangladesh (BBN) - The board of directors of Bank Asia Limited has approved the change of denomination of the face value of shares of the private bank from BDT 100 to BDT 10.
The board gave the approval, which is subject to the approval of Bangladesh Bank and shareholders.
The bank will arrange an extra ordinary general meeting of the shareholders at the Institute of Diploma Engineers, Bangladesh at Kakrail in Dhaka on November 17 to win approval from them, a statement said.
The bank has fixed the record date for October 20. Its market lot will consist of 500 shares.
BBN/SSR/AD-29Sept11-10:42 am (BST)