Monday, March 17, 2008

Nicco Corporation Equity & Preference Shareholders Approve Scheme Of Arrangement

Nicco Corporation Ltd has informed that at the respective Meetings of the Preference Shareholders and the Equity Shareholders of the Company held on March 14, 2008 for the approval of a Scheme of Arrangement as proposed by the Company for the transfer of its Cables Division to Nicco Cables Ltd, the Shareholders have, by requisite majority approved the said Scheme.

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