Board of directors of SPL Polymers approves share swap ratio

At a meeting held on Oct. 4, 2007, the board of directors of SPL Polymers has approved the swap ratio of one share of Supreme Petrochem for every 6 shares held in the company. In August, the board of directors of the company had approved the merger of the company with the holding company Supreme Petrochem. SPL Polymers, formerly known as Shin Ho Petrochemicals India, was incorporated in 1989. The company is engaged in manufacturing and marketing of expandable polystyrene resin and metal working lubricants.
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