Sunday, May 9, 2010

Malek Spinning Mills launches IPO on June 2010

Subscription Open June 06, 2010
Subscription Close June 10, 2010
For Non-Resident Bangladeshi June 06, 2010 to June 19, 2010
Reason for IPO The Company intends to utilize the net proceeds for implementation of PET Granules & Polyester Staple Fibre project under the name of NewAsia Synthetics Limited and in acquiring part of the fixed assets and meeting other expenses of the project.
Offer Price Per Share Tk. 25.00 (including premium of Tk. 15.00)
Face Value Per Share Tk. 10.00
Market Lot (Share) 500

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