Alliance to go public for power, telecom ventures
Monday, 19 April 2010
Sheikh Shahariar Zaman
Alliance Holding Limited (AHL), a diversified investment company, is going to raise fund from the capital market to invest in power and telecom sectors.
"Alliance has substantial stake in 14 companies including inland container terminals, financial institutions and real estate firms. Now we want to invest in new sectors like power, telecom and shipbuilding," AHL managing director Syed Yasser Rizvi told the FE.
AHL was incorporated in 1998, and last year it earned Tk 774 million net profit with diluted earning per share of Tk 7.69. The company will float 35 million shares, he said.
The initial public offering (IPO) price of each share will be determined through book-building method, and the company is going to organise a road-show tomorrow (Tuesday) to find the discovery price, he also said.
The company has so far invested Tk 880 million in 14 companies including three listed firms - Summit Alliance Port Limited, Ocean Containers Limited and Industrial Promotion and Development Company.
It also has stake in Global Beverage Company Limited.
PEB Steel Alliance, another concern of AHL, is the first company in the country to export pre-engineered buildings, Mr Yasser added.
Alliance Holding Limited (AHL), a diversified investment company, is going to raise fund from the capital market to invest in power and telecom sectors.
"Alliance has substantial stake in 14 companies including inland container terminals, financial institutions and real estate firms. Now we want to invest in new sectors like power, telecom and shipbuilding," AHL managing director Syed Yasser Rizvi told the FE.
AHL was incorporated in 1998, and last year it earned Tk 774 million net profit with diluted earning per share of Tk 7.69. The company will float 35 million shares, he said.
The initial public offering (IPO) price of each share will be determined through book-building method, and the company is going to organise a road-show tomorrow (Tuesday) to find the discovery price, he also said.
The company has so far invested Tk 880 million in 14 companies including three listed firms - Summit Alliance Port Limited, Ocean Containers Limited and Industrial Promotion and Development Company.
It also has stake in Global Beverage Company Limited.
PEB Steel Alliance, another concern of AHL, is the first company in the country to export pre-engineered buildings, Mr Yasser added.