GOLDENSON

The company has informed that the Board of Directors of the company has decided to purchase 215 decimals land @ Tk. 5.00 Lac per decimal at total amount of Tk. 10.75 crore adjacent to factory building of the company for its expanded units namely Golden Son Ltd. Accessories Division and Dying unit and two Venders Agreement will be executed between M/S Golden Son Ltd. & Mr. Belal Ahmed for 60 decimal of land and another Venders Agreement will be executed between M/S Golden Son Ltd. & M/S Ron Son Ltd. Out of which in the 1st phase purchase document for 60 decimals of land will be made with Mr. Belal Ahmed, Managing Director of company (owner of the land) and the value of the land Tk. 3.00 crore will be paid by issuing 15,00,000 Ordinary sharesof Tk. 20.00 each which include premium of Tk. 10.00 per share. Subsequently purchase document for 155 Decimals of land out of 215 Decimals shall be made with M/S Ron Son Ltd. for total amount of Tk. 7.75 crore under the above terms & condition. The Board has also decided to raise fund of Tk. 20.00 crore by issuance of 1,00,00,000 RPO(Repeat Public Offering)/Right shares of Tk. 20.00 each out of which Tk. 10.00 per share each is premium. The above purchase and issuance of RPO/Right share shall be effected subject to approval of the share holders in the EGM and Securities and Exchange Commission. Record date for EGM: 15.01.09. Another record date will be declared for entitlement of Right shares after approval of SEC.