skip to main |
skip to sidebar
Textile maker Tung Hai gets approval for IPO. Bangladesh Securities and Exchange Commission (BSEC) yesterday, 18th February 2014 gave a green
light to Tung Hai Knitting and Dyeing to raise Tk 35 crore from the
public.
The textile company will float 3.5 crore ordinary shares worth Tk 10
each to raise the to meet working capital needs, purchase machinery, pay the bank term loans and IPO expenses.
AFC Capital and Imperial Capital will manage the IPO (initial public offering) jointly.
The company's earnings per share was 1.15/- and net asset value per share was 13.73/- financial year ended on December 2012.
At present, 32 textile companies are listed on the Dhaka Stock Exchange, which is about 5% of the total market capitalisation.
Tung Hai Knitting and Dyeing is a subsidiary of Tung Hai Group, a
leading manufacturer and exporter of knitted sweaters and jerseys,
according to the group's website. The group's annual turnover is over
$50 million.
Posted in: Forth Coming IPO,IPO News
Email This
BlogThis!
Share to Facebook
11:59 AM
Tung Hai Knitting and Dyeing is a subsidiary of Tung Hai Group, a
leading manufacturer and exporter of knitted sweaters and jerseys,
according to the group's website. The group's annual turnover is over
$50 million.
0 comments:
Post a Comment