Wellwin Industry to sell part of company assets

Wellwin Industry Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 10, 2007, inter alia, to consider, the approval of the shareholders for selling a part of the assets of the Company namely Land & Building under 293 (1) (a) of the Companies Act, 1956 and also pursuant to the provisions of Postal Ballot regulation to settle the Secured / Unsecured Creditors of the Company.

Source : Equity Bulls

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