Alif Manufacturing rights subscription begins Jan 30

Rights share subscription of Alif Manufacturing Company will begin on January 30, 2018 which will raise Tk 1.09 billion through issuance of the shares.

Rights subscription of Alif Manufacturing Company, formerly known as CMC Kamal Textile Mills, will be continued till February 15, 2018.

The record date for entitlement of rights shares is on January 11, according to a disclosure posted on the Dhaka Stock Exchange (DSE) on Wednesday.

Alif Manufacturing, which received regulatory approval from the Bangladesh Securities and Exchange (BSEC) Tuesday, will issue one rights share against one existing shares at par.

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