GPHISPAT Decided to invest as equity - Share market analysis of dhaka stock exchange, Bangladesh

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16 September, 2018 03:06 PM Source: Dhaka Stock Exchange

The Board of Directors has decided to invest as equity in a Private Limited Company namely Star Allied Venture Ltd. GPH Ispat Ltd. will invest as equity for 25,000 Ordinary Shares of Tk. 100.00 each and the total value of investment is Tk. 25,00,000.00. It may be mentioned here that Star Allied Venture Ltd. will form a joint venture company with Yunnan Yongle Overseas Investment Co. Ltd. (a subsidiary of Kunming Iron and Steel Holding Co. Ltd. , a state owned company of China Government). The purpose of the formation of this joint venture company is to establish a joint venture investment in Bangladesh with an amount of USD 2.30 Billion.

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