InvestmentOLYMPIC
OLYMPIC Approves Factory BMRE Investment
Announcement summary
- What happened
- OLYMPIC approved a factory BMRE investment.
- Purpose
- BMRE of the company’s factory
- Facility / project
- Factory BMRE
- Company
- Olympic Industries PLC.
- Announcement published
Original announcement
Reference to the companys news dated on 23.11.2021, the company has further informed that out of total investment of Tk. 25,65,50,000/, a total of Tk. 17,50,00,000/- is for construction related works. The investment on this BMRE will also increase its safety and future value. Another Tk. 1,66,50,000/- will be used for enhancement of Carton Production which is our packing material and not sold externally. The remaining balance of Tk. 6,49,00,000/ will be spent to set up Cup Cake making line. (Cont.)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 619f067103147376ea5226b0
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from OLYMPIC
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.