MIDAS Financing recommends 10pc stock, 5pc cash dividends

MIDAS Financing Ltd has recommended a 10 percent stock dividend and a 5 percent cash dividend for the year 2006-07.
The recommendation came at a meeting of the Board of Directors of the company held on Wednesday, says a press release.
The company also approved raising its authorised capital from Tk 50 crore to Tk 100 crore at the meeting.
The 12th annual general meeting and seventh extra ordinary general meeting of the company will be held on December 13 at its Dhanmondi office in the capital, the release adds.