Hwa Well Textiles IPO approved – IPO Application Form prospectus. Hwa Well Textiles Ltd has got permit to move up and down from the securities regulator to go public.
The Bangladesh Securities and Exchange Commission approved the initial public offering of Hwa Well Textiles (BD) Ltd on 24th December 2013, Tuesday. To raise fund worth Tk 20 core for the company’s business spreading out which is able to issue 2 core. And the Hwa Well Textiles IPO approved for purchasing and increasing land, constructing factory building, changing existing equipments and meeting IPO operating cost.
The commission has also given consent to the Premier Bank to issue non-convertible variable coupon rate bond valued Tk200 core through private placements. The raised fund will be used to strengthen the bank’s capital adequacy ratio in line with regulatory requirement for meeting the condition of BASEL-II.
Hwa Well Textiles IPO Form & prospectus
The rate of interest of the bond will be 11.5% and the bond is renewable after three months. It will be 34th textile company to be listed with the Dhaka Stock Exchange. And end at 30th June this year.
Hwa Well Textiles (BD) Ltd IPO Subscription
Subscription Open : February 17 2014
Subscription Close : February 23 2014
Subscription period for NRB : February 17, 2014 to March 04, 2014
Bangladesh Securities and Exchange Commission (BSEC) held in a statement that the commission has accepted the company’s IPO for purchasing and developing land, constructing factory building, changing existing machines and meeting IPO expenses yesterday.
Hwa Well Textiles IPO will issue two core ordinary shares of Tk10 each to raise Tk20 core from the stock market. Financial statement The Company’s share rate is- Earnings per share (EPS): Tk 3.66 and Net asset value: Tk 28.25. Single lot price : Tk. 5000.00.
Hwa Well Textiles Limited Contact Address:
Hwa Well Textiles (BD) Limited, Eastern Nibash, House#138, Flat#402, Gulshan Avenue Dhaka-1212