Parkway Packaging to raise Tk30cr from capital market

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TBS Report

June 30, 2022, 8:55 p.m.

Last modification: June 30, 2022, 8:59 PM

DBL Group Managing Director MA Jabbar and AAA Finance Managing Director Obaydur Rahman signed the agreement on behalf of their respective organizations on Thursday. PHOTO: COURTESY

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DBL Group Managing Director MA Jabbar and AAA Finance Managing Director Obaydur Rahman signed the agreement on behalf of their respective organizations on Thursday. PHOTO: COURTESY

Parkway Packaging and Printing PLC, a DBL Group company, wants to raise Tk 30 crore by issuing shares with a nominal value of Tk 10 each under the initial public offering (IPO).

On Thursday, the company signed merchant bank AAA Finance and Investment Limited as issue manager for its IPO.

MA Jabbar, Managing Director of DBL Group, and Obaydur Rahman, Managing Director of AAA Finance, signed the agreement on behalf of their respective organisations.

MA Jabbar told The Business Standard: “We are doing business with a reputation. We have taken the initiative to take the company public to make the business more sustainable. stock market. market in the future.”

Matin Spinning Mills Ltd, a sister company of the DBL Group, has been a publicly traded company since 2014. The company declared a 40% cash dividend in the financial year 2020-21. The company’s last trading price was around Tk68.

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