Ro Qomate House which houses Government agencies’ offices and statutory bodies in Labasa now has a new name.

It is now named Labasa Tikina House following the passing of a resolution during the Labasa Tikina Development Cooperation Limited (LTDCL) Annual General Meeting yesterday.

The meeting was attended by 29 landowning units of Labasa and directors at the Friendly North Inn in Labasa.

Mosese Bulitavu, an Opposition Member of Parliament and a director of the Labasa Tikina Development Co-operation Limited, said the motion for the change of name was brought up by one of the landowners.

“They (landowners) said the name Ro Qomate belongs to one family,” Mr Bulitavu said.

“Since our company represents all the landowning units, it is right to change the name so that it is inclusive of all members of the district,” he said.

“So that no one gets the impression that they own the building.”

The financial statement of the company was passed as it stated that everything was going well, according to Mr Bulitavu.

“The shareholders have been informed that the formerly known Ro Qomate House which is in mortgage, has decreased its debt from $1.8 million to $700,000.” he said.

“This debt will be cleared off by December 2019.

“The focus of the company is to clear the debt first, and then we will look into the dividend shares of the shareholders.

“So when we update the share returns after the full income comes from Government rent then we will give out the dividends.

“We have 29 shareholders from Labasa district alone.”

The other motion that was brought in was letters of reposition signed by a few shareholders including, the Qomate family wanting a change of directors.

“We found out that most of the people that signed this letter were not registered shareholders of the company,” he said.

“However, it was unanimously passed that the current directors’ positions remain till they complete their term and the mortgage debt cleared.”

The tikina of Labasa consisting of 16 villages is part of the province of Macuata.

The villages include Nasekula, Nakorowiri, Batinikama, Vunimoli, Dreketilailai, Namoli, Vunivau, Vuo, Mataniwai, Bulileka, Nubuniyavula, Qelemumu, Raranibulubulu, Nacula, Naqai and Waikisi.

Edited by Karalaini Waqanidrola

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