The Company has informed that the Board of Directors has approved the proposal of the Board of Directors of New Asia Synthetics Limited (NSL) a wholly owned subsidiary of the company to raise the paid up capital from existing Tk. 500,000,000.00 to Tk. 660,000,000.00 consisting of 6,600,000 ordinary shares of Tk.100.00 each. The funds so raised would be utilized for payment for purchase of additional strategic lands, ancillary investments, other purposes and obligations of NSL. (cont. 1)