Transoceanic Properties to consider rescission of earlier decision on merger

Transoceanic Properties Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 29, 2006, inter alia, to consider the rescission of the earlier decision taken by the Board of Directors at its meeting held on November 29, 2006 approving the merger of Suvijay Exports Ltd, a Listed Public Company with the Company.

Source : Equity Bulls

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