The board of Asian Electronics at its meeting held today, has approved sub-division of the company's equity shares of Rs 10 each into 2 shares of Rs 5 each.According to an official release issued by the company to the BSE today, the board has also approved the takeover of Green Hydrocarbons India engaged in the business of "waste to energy" and the operation sivision of U.S. Instruments under a scheme of arrangement pursuant to Section 391 to 394 of the Companies Act, 1956.The board has also approved a JV agreement with Cimelin, a 100% subsidiary of Enviro Hub, a Singapore Stock Exchange Listed Company to pursue a business of waste to energy in Singapore and eight other countries.
