Dubai – Mubasher: United Kaipara Dairies Co. said that its ordinary general meeting (OGM) on Wednesday has approved the company’s continuity and the split of the nominal value of its shares from AED 100 to AED 1, according to the filing to the Dubai Financial Market (DFM).

The dairies company recently announced deepening losses by 91.6% to AED 66 million in 2014, compared to a loss of AED 34.5 million in 2013.

The company’s capital amounts to AED 30.25 million divided on 302,500 shares at par value of AED 1 per share.