Shin Ho Petrochemical Board to reduce paid up share capital to Rs.5

Shin Ho Petrochemical India Ltd has announced that the Board of Directors of the Company at its Meeting held on December 28, 2006 has resolved to reduce the paid up share capital from Rs 10/- per share to Rs 5/- per share on all issued subscribed paid up shares of 11796000 subject to the confirmation of the shareholders and Hon'ble High Court at Madras. Accordingly the Paid up Share Capital will stand reduced to Rs 5,89,80,000/- from the present level of Paid up Capital of Rs 11,79,60,000/-.

Source : Equity Bulls

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