InvestmentBARKAPOWER
BARKAPOWER Approves Factory BMRE Investment
Announcement summary
- What happened
- BARKAPOWER approved a factory BMRE investment.
- Company
- Baraka Power Limited
- Announcement published
Original announcement
The Company has informed that the Board of Directors has approved the acquisition proposal of a 100% export oriented newly built compliance running Ready-Made-Garments Factory having 10-line (woven tops) production capacity with a value of Tk. 30.00 crore and additional cost of Tk. 10.00 crore that will be invested by new management totaling Tk. 40.00 crore. The deal may be financed through 70:30 debt-equity ratio and Baraka Power Limited will take 51% equity amounting Tk. 6.12 crore. (cont.)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf0d5a6b00004005f9ed
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from BARKAPOWER
Financial information is provided for general reference only and may be revised by the company. BullBD is not the official DSE website. Not investment advice.