The 13th AGM of Ace Development Bank on Thursday approved 10 per cent stock dividend and 0.53 per cent cash dividend from the profit of the fiscal year 2007-08. It also approved proposed 10:6.4 rights shares. "Paid up capital and post rights shares issue will be Rs 750.4 million," said a press release. The AGM ratified new share holding structure. Ace first quarter results shows 610 per cent improvement in its net profit compared to the same period last fiscal.
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Thursday, December 11, 2008
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