Securex to go public
Tuesday, 13 April 2010
Sheikh Shahariar Zaman
Securex (pvt) Limited has decided to raise money from the stock market to expand its operation.
Against the backdrop of mounting concerns relating to security at home and abroad, the company has planned to accelerate expansion of its operation and value generation with financing from the capital market.
It will be the first security service provider in the country to offload shares in the capital market.
It has already signed an agreement with Swadesh Investment Management Limited (SIML) on issue management.
An upbeat Managing Director of SIML, Mamun Ahmed, said it will be a good scrip and the company is optimistic about raising a substantial amount of money to fund its operation expansion.
As issue manager, SIML will render all pre- and post-issue management services, he said.
ATMA Quddus, Managing Director of Securex, and Mamun Ahmed signed the agreement on behalf of their respective sides.
Ziaul Quddus, Chairman of SIML, along with other senior management members of both the organisations were also present.
Securex (pvt) Limited has decided to raise money from the stock market to expand its operation.
Against the backdrop of mounting concerns relating to security at home and abroad, the company has planned to accelerate expansion of its operation and value generation with financing from the capital market.
It will be the first security service provider in the country to offload shares in the capital market.
It has already signed an agreement with Swadesh Investment Management Limited (SIML) on issue management.
An upbeat Managing Director of SIML, Mamun Ahmed, said it will be a good scrip and the company is optimistic about raising a substantial amount of money to fund its operation expansion.
As issue manager, SIML will render all pre- and post-issue management services, he said.
ATMA Quddus, Managing Director of Securex, and Mamun Ahmed signed the agreement on behalf of their respective sides.
Ziaul Quddus, Chairman of SIML, along with other senior management members of both the organisations were also present.