Golden Harvest to set up dairy firm

Golden Harvest Agro Industries, a listed firm in the food and allied sector has planned to make an investment worth Tk 37.50 million in a subsidiary company for establishment of a modern dairy firm.

"The board of directors of the company has approved an investment of Tk 37.50 million in the equity of Golden Harvest Dairy Ltd. to hold 75 per cent shares of Golden Harvest Dairy Ltd," said a statement posted on the Dhaka Stock Exchange (DSE) website Wednesday.

The agro-based company listed on the DSE in 2013 and belonging to the 'A' category. Of the total share - sponsor/directors held by 35.03 per cent, institutions 27.74 per cent, foreign investors held 0.06 per cent and public held by 37.17 per cent.

The company's share closed at Tk 24.2 on Wednesday, losing 2.42 per cent from previous session.

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