MTCC shares to sell for MVR 62

1 އޮކްޓޯބަރު 2017 | އާދީއްތަ 19:53

Five million shares to be sold

Rushdha Rasheed | 1 އޮކްޓޯބަރު 2017 | އާދީއްތަ 19:53

Ceremony held to announce rights issue

Maldives Transport and Contracting Company Plc. (MTCC) is to sell off five million shares to their existing shareholders.

In the ceremony held in Hotel Jen, the company announced their rights issue.

The five million shares are expected to generate MVR 305 million and will be sold to 22,000 shareholders. The shares will be sold from 19th October to 3rd November. The share earnings will be used in development projects of the company.

In 2016, the company earned MVR 1.3 billion and made MVR 115.3 million in profits.

MTCC shares to sell for MVR 62

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More from Raajje.mv

BML to distribute dividends at MVR 20

STO sets dividends for last year at MVR 51

MIRA rakes in MVR 1.3 billion in March

MTCC opens opportunity to rent out vessels

BML Board of Directors passes to disburse MVR 20 per share

Dhiraagu to disburse MVR 1.1 bln as dividend

Govt. to pay out MVR 2 bln for US$ 100 mln taken from India

MVR 30.5 billion in economy by year end: MMA

Dhiraagu rakes in MVR 2.5 bln in 2016

BML sells USD 1 million in two weeks