Tung Hai Knitting and Dyeing IPO lottery result. Tung Hai Knitting IPO result will publish within June 2014. Tung Hai Knitting and Dyeing IPO approved by Bangladesh Securities and Exchange Commission. Tung Hai Knitting and Dyeing to raise TK 35 crore from the public.
Tung Hai Knitting IPO Result
Tung Hai Knitting and Dyeing IPO lottery result will publish very soon. The textile company proposed 3.5 crore ordinary shares worth TK 10 each to raise the fund to meet working capital needs, purchase equipments and pay the bank term loans. In December 2012, the Company’s earnings per share stood at TK 1.15 and Net Asset Value (NAV) per share at TK 13.73. Download Tung Hai Knitting IPO result now.
Tung Hai Knitting and Dyeing IPO Market Lot (Shares): 500. The supervisor also approved a TK 50 crore open-end mutual fund, ICB AMCL Converted First Unit Fund. ICB Asset Management Company is the manager of the first of its kind fund will be converted from a closed-end mutual fund to an open-end unit fund. The price of each unit of the fund is TK 10, which kept for unit holders of ICB AMCL 1st Mutual Fund and sponsors of the fund. The exchange completed by 20th February 2014.
Important information of Tung Hai Knitting and Dyeing IPO lottery:
Tung Hai Knitting Subscription Opened on 18th May 2014 and Subscription Closing date 22nd May 2014 but for NRB Subscription period was 18th May 2014 to 31th May 2014. Tung Hai Knitting and Dyeing IPO authorized capital TK: 1,000,000,000.00, Tung Hai Knitting Pre- IPO paid up Capital TK: 451,300,000.00. Besides Tung Hai Knitting IPO total size in shares: 35,000,000 and IPO size in TK. at face value TK: 350,000,000.00, Total Post IPO Paid-up Capital TK: 801,300,000.00
The regulator rejected proposals to convert loans into ordinary shares by two listed firms—Paper processing and Packaging and Monospool Paper Manufacturing Company. Both companies failed to present necessary documents for the conversion. Tung Hai Knitting IPO result will be available in our website.
Tung Hai Knitting and Dyeing IPO Result
Tung Hai Knitting and Dyeing IPO over Subscript 24 times then total IPO size.
In another shift, the regulator allowed Asian Tiger Capital Partners Asset Management to submit a complete prospectus of Sandhani Life Growth Fund in three months. AFC Capital and Imperial Capital is the issue manager of Tung Hai Knitting and Dyeing initial public offering (IPO). Though former the commission decided to cancel registration of the closed-end mutual fund. BSEC also decided in principle to allow re-demption of Padma Islami Life 1st Mutual Fund.
Tung Hai Knitting and Dyeing Ltd Website
Tung Hai Knitting and Dyeing Website address www.Tunghaigroup-bd.com. Tung Hai Knitting and Dyeing is a subsidiary of Tung Hai Group is a leading manufacturer and exporter of knitted sweaters and jerseys. The group’s annual turnover is over $50 million. The Company is 100% estimated exporter, mainly engaged in the business of Dyeing, Knitting and Bleaching of Yarn to use in the export of sweater & export oriented garments- According to the group’s website the company has two major products. One is Dyed Yarn from dyeing section and another is Sweaters knitted from knitting section.
Nearby, 32 textile companies are listed on the Dhaka Stock Exchange (DSE), accounting for approximate 5 percent of the total market capitalization. Visit AllResultBD.com to get Tung Hai Knitting and Dyeing IPO result in time. You will find more update about IPO related.