(১২০৮) TITASGAS--Titas Gas Transmission & Dist. Co. Ltd.

Wednesday, May 25, 2011 Unknown
With reference to the Price Sensitive Information issued on 19.10.10 (news disseminated by DSE on 20.10.10), the company has further informed that the Board of Directors of the company has decided/approved, in revision of the Price Sensitive Information issued earlier, the proposal of sale/transfer of the assets of Brahmanbaria-Ashuganj unit of the company to Bakhrabad Gas Systems Limited at a revised price of Tk. 268.20 crore (Cost Price and Written Down Value as on 30.06.2010 being Tk. 41,12,09,472.00 and Tk. 11,03,21,756.00 respectively) subject to the approval of shareholders by passing a Special Resolution at an EGM to be held on 30th June 2011 at 11:00 AM at Officers'Club, Dhaka. Record Date of the said EGM is 05.06.2011.

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