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SK Trims to invest Tk 35m in two cos

FE Report | March 11, 2019 00:00:00

The board of directors of SK Trims & Industries has decided to invest total Tk 35 million in two companies, said an official disclosure on Sunday.

As per the board decision, the company will invest Tk 25 million (2,500,000 shares) or 2.0 per cent shares in W&W Company (Pharmaceuticals Packaging Manufacturing Unit situated in Gazipur).

The SK Trims will also invest Tk 10 million (1,000,000 shares) or 1.43 per cent shares in BEKA Garments & Textiles (situated in Narayanganj).

The board has also confirmed that investment of Tk 10 million in Dominage Steel Building Systems has been completed.

SK Trims, which raised a capital worth Tk 300 million through IPO, made trading debut on July 15, 2018.

The company disbursed 2.0 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2018.

Each share of the company closed at Tk 55.80 on Sunday at DSE, gaining 1.08 per cent over the previous session.

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