InvestmentMHSML
MHSML Approves Factory BMRE Investment
Announcement summary
- What happened
- MHSML approved a factory BMRE investment.
- Purpose
- BMRE of the company’s factory
- Facility / project
- Factory BMRE
- Company
- Mozaffar Hossain Spinning Mills Ltd.
- Announcement published
Original announcement
(Continuation news of MHSML): The Company has also informed that i) To accommodate the ongoing BMRE with ring unit as well to re-structure the existing Rotor spinning unit MHSML had declared shut down of its capacity for 50% since May 2018. Due to lesser production resulted lower cash inflow but for the ongoing BMRE the cash outflow in very high. As such it?s difficult for the management to provide any dividend for the financial year 2018-2019. (cont.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aceb25a6b0000400587c3
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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