Corporate DisclosureIFADAUTOS
IFADAUTOS Corporate Disclosure — 30 January 2017
Announcement summary
- What happened
- IFADAUTOS published a corporate disclosure on 30 January 2017. Read the full announcement for details.
- Company
- IFAD Autos PLC.
- Announcement published
Original announcement
The Company has informed that the Board of Directors has taken the decision that production of new (Assembly) unit of the company, situated at Dhamrai, Dhaka, financed out of IPO & own fund, will be commenced on February 02, 2017. The estimated production from assembly unit will be 1,000 vehicles initially in the current year 2016-2017 (Approx.) and it will be increased to 3,000 vehicles in the next years 2017-2018 (Approx.). The production will gradually increase to 10,000 vehicles per annum and onward.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf0d5a6b0000400601e2
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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