 | Malek Spinning makes debut today
02 August, 2010
Malek Spinning Mills Limited, the country's leading yarn producer, will make debut today (Monday) at the stock market.
The company offered 40 million shares for public to raise Tk 1.0 billion from the stock market to expand its business. Its offer value is Tk 25 each share, including a premium of Tk 15.
It will be the 13th textile listed company on the stock exchanges-Dhaka Stock Exchange and Chittagong Stock Exchange.
On Thursday, the DSE board approved the listing and fixed date of debut day of the textile company.
The initial public offering (IPO) subscription has fetched a huge sum of Tk 16.31 billion, which is 16.31 times higher than the IPO amount. It is the highest IPO over-subscription record in textile sector in Bangladesh.
Release link:http://www.thefinancialexpress-bd.com/more.php?news_id=107786&date=2010-08-02
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