Trading of Summit Alliance Port shares begin tomorrow
Wednesday, 15 October 2008
FE Report
Share trading of the Summit Alliance Port Limited (SAPL) begins tomorrow (Thursday) on both Dhaka Stock Exchange and Chittagong Stock Exchange.
The decision came at a board meeting of the Dhaka Stock Exchange (DSE) held Monday.
The SAPL, the country's private off dock service provider, floated one million shares with the face value of Tk 100 each to raise Tk 100 million from the stock markets.
The subscription of the company opened on August 10, and closed on August 14 for local Bangladeshis and on August 23 for non-resident Bangladeshis (NRBs).
The money raised will be invested on infrastructure, which includes land development and building warehouses and sheds.
The company commenced operations in February 2007 and as of now the current paid up capital of the company is Tk 400 million.
SAPL is one of the valuable additions to the ever expanding industry of the off-docks in the country.
The company was established by the Summit group in collaboration with Alliance group. SAPL is custom built to provide both ICD (Inland Container Depot) and CFS (Container Freight Station) services, offers a bonded area spread over 14.5269 acres of land, 6.5 kms away from the multi-purpose berths of the Chittagong Port. After establishing the first company Ocean.
Share trading of the Summit Alliance Port Limited (SAPL) begins tomorrow (Thursday) on both Dhaka Stock Exchange and Chittagong Stock Exchange.
The decision came at a board meeting of the Dhaka Stock Exchange (DSE) held Monday.
The SAPL, the country's private off dock service provider, floated one million shares with the face value of Tk 100 each to raise Tk 100 million from the stock markets.
The subscription of the company opened on August 10, and closed on August 14 for local Bangladeshis and on August 23 for non-resident Bangladeshis (NRBs).
The money raised will be invested on infrastructure, which includes land development and building warehouses and sheds.
The company commenced operations in February 2007 and as of now the current paid up capital of the company is Tk 400 million.
SAPL is one of the valuable additions to the ever expanding industry of the off-docks in the country.
The company was established by the Summit group in collaboration with Alliance group. SAPL is custom built to provide both ICD (Inland Container Depot) and CFS (Container Freight Station) services, offers a bonded area spread over 14.5269 acres of land, 6.5 kms away from the multi-purpose berths of the Chittagong Port. After establishing the first company Ocean.