-new shares to be issued
Banks DIH Limited (BDIH) has now transitioned to Banks DIH Holdings Inc (BDIHHI) and new shares are to be issued to stockholders
BDIHHI, which has thousands of shareholders, made this disclosure in two advertisements in yesterday’s Stabroek News.
The advertisement addressed to shareholders said that the transition to BDIHHI entails converting all extant BDIH shares to new BDIHHI shares in accordance with the Scheme of Arrangement (SOA) under Section 217 of the Companies Act which was sanctioned by a High Court order dated September 4, 2023.