The Mulungushi Village Complex Limited (MVCL) has announced that the MVCL will hold the 8th Annual General Meeting on Thursday 16th June, 2016 in the MVCL Boardroom and starting at 10:00 hours. MVCL Chief Executive Officer Mr. Bwalya Chilolo made the announcement over the weekend in Lusaka.
Mr. Chilolo said that the Industrial Development Corporation (IDC) who are the majority new shareholders of the MVCL will among others consider and approve the Directors report, the financial statements for the financial year ending 31st December, 2015, approve the Board’s recommendation regarding dividend declaration for the year ended 31st December, 2015, consider and adopt recommendation for the appointment of the independent auditor of the company.
The MVCL is a real estate and hospitality company that was established in 1970 to provide short and long stay accommodation, conferences and banqueting facilities and including sports facilities. The initial purpose was to host the Non-aligned Heads of States and Government conference that was held in September 1970. Following the end of the Non-aligned conference the infrastructures were put to alternative commercial use. The complex is situated on stand number 10967 in the leafy suburb of Kalundu area in Lusaka.