Hwa Well Textiles Limited IPO approved. Hwa Well Textiles Limited IPO approved
by The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday, 24th December, 2013. The BSEC approved the IPO of Hwa Well Textiles (BD) Ltd to raise finance worth Tk 20 crore. This company will be used for the company’s business expansion.
The Hwa Well Textiles Limited
will use the IPO fund to purchase machinery, build new factory
building, land including development, change the existing machinery and
meet up the IPO expenses. Hwa Well Textiles Limited showed earning per
share (EPS)=Tk3.66/- and net asset value (NAV) per share= Tk28.25/ according to
It’s annual financial statement year ended on June 30, 2013.
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