Dhaka, Bangladesh (BBN)-The Golden Son has planned to issue rights shares for the expansion of its business.

The company will go for rights shares @ 1R:2 (i.e. 1 rights share for every 2 existing shares), once the Bangladesh Securities and Exchange Commission (BSEC) gives its approval.

Moreover, the company will have to approve the plan at its EGM scheduled to be held on June 6 at Chittagong Boat Club Ltd in the port city.

Record date for the EGM is May 27.

The face value of each share is BDT 10 at an issue price of BDT 30 each, including a premium of BDT 20 per share after considering bonus shares for the year ended on December 31, 2013.

Another record date for entitlement of the proposed rights shares to be notified later on after obtaining approval from BSEC, said a statement posted on the DSE website on Thursday.

BBN/BB/AS-14May15-12:20pm (BST)