Maldives Transport and Contracting Company has decided to hold a special event tonight at Hotel Jen regarding the company’s decision to sell more shares.
According to MTCC tonight’s event will be attended by the shareholders. They said that the company has decided to sell shares to the government in return of the 11-million-dollar loan taken by the government to manufacture the dredger.
In the last annual general assembly of MTCC, they passed to change the face value of a share to Rf 5 and to give one more share to each share owned. With this change, one share will be sold for Rf 62.
Since the company has decided to sell more shares, the ratio of shares owned by the public and the state will change. Last year MTCC made a profit of 1.3 billion Rufiyaa.
MTCC to hold a special event tonight regarding sale of shares !
