11:33 PM
Hwa Well Textiles Limited IPO approved. Hwa Well Textiles Limited IPO approved
by The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday, 24th December, 2013. The BSEC approved the IPO of Hwa Well Textiles (BD) Ltd to raise finance worth Tk 20 crore. This company will be used for the company’s business expansion.
M Khairul Hossain, Chairman, BSEC
issued approval in a regular commission meeting presided over. Hwa Well
Textiles will drift 2 crore ordinary shares through the IPO at an issue
price of Tk 10 each share (no premium).
The Hwa Well Textiles Limited
will use the IPO fund to purchase machinery, build new factory
building, land including development, change the existing machinery and
meet up the IPO expenses. Hwa Well Textiles Limited showed earning per
share (EPS)=Tk3.66/- and net asset value (NAV) per share= Tk28.25/ according to
It’s annual financial statement year ended on June 30, 2013.
Hwa Well Textiles Limited IPO issue manager are Alpha Capital Management and Citizen Securities and
Investment.
Hwa Well IPO Application Forms and Prospectus Download
Hwa Well Textiles Limited IPO subscription
detail will be published very soon. So to get All IPO result and news
please visit our website regularly.
Hwa Well Textiles Company Address:
Kashore, Habirbari Union-10, Bhaluka, Mymenshingh.
Head Office: Eastern Nibash, House#138, Flat#402, Gulshan Avenue, Dhaka-1212
Posted in: Forth Coming IPO,IPO News
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