Internet Edition. April 22, 2008, Updated: Bangladesh Time 12:00 AM 
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MTBL recommends 25pc bonus, 5:1 right shares



BUSINESS REPORT



The board of directors of Mutual Trust Bank Limited (MTBL) has recommended 25 per cent bonus share and 5:1 right share (one right share against five existing shares) for its shareholders for the year 2007.

This was decided at the meeting of board of directors of the bank in the city on Saturday.

Chairman of the board of directors of the bank Samson H Chowdhury presided over the meeting. The recommendation is subject to approval at the annual general meeting (AGM), extra-ordinary general meeting (EGM) and Securities and Exchange Commission (SEC).

The meeting decided to hold ninth AGM and 10th EGM of the bank on June 5, 2008 at Bangladesh-China Friendship Conference Centre.

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