InvestmentENVOYTEX
ENVOYTEX Approves Factory BMRE Investment
Announcement summary
- What happened
- ENVOYTEX approved a factory BMRE investment.
- Purpose
- BMRE of the company’s factory
- Facility / project
- Factory BMRE
- Company
- Envoy Textiles Limited
- Announcement published
Original announcement
The Company has informed that the Board of Directors has decided to issue and offer 87,000,000 Preference Shares for 5 years at face value of Tk. 10.00 each at par for a total amount of Tk. 870.00 Million through private placement to the potential investors, subject to the approval of Bangladesh Securities and Exchange Commission for capital investment in BMRE and for settle up the existing high cost debt. (cont.)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aced55a6b000040059837
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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