MTCC has announced the date for their Annual General Meeting 2018.
According to the state owned company, the date for the AGM 2018 has been set for June 15th and will be hosted at Hotel Jen.
They further explained how shareholders only registered till to June 3rd will be able attend the meeting and are required to submit the “Annual General Meeting 2018 Form” before the 13th of that month.
Due to the decrease in profits in 2018, MTCC’s board of directors had decided to not distribute dividends this year. A final verdict will be decided in the meeting. In addition to this a vote for the selection of two new directors will be carried out as well.
MTCC has also mentioned plans to reduce the cost of their operations to help increase profits.