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– New shares will be issued
Banks DIH Limited (BDIH) has now transformed into Banks DIH Holdings Inc (BDIHHI) and will issue new shares to shareholders
BDIHHI, which has thousands of shareholders, disclosed the news in two advertisements in yesterday’s Stabroek News.
The advertisement to shareholders stated that the transition to BDIHHI requires the conversion of all existing BDIH shares into new BDIHHI shares pursuant to a scheme of arrangement (SOA) under section 217 of the Companies Act, which has been approved by the High Court order dated September 4, 2023.
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