Mar '12
Beximco will buy all shares of the four textile and garment companies – Crescent Fashion and Design Ltd., International Knitwear and Apparels Ltd., Freshtex Bangladesh (Pvt) Ltd. and Beximco Fashions Ltd.
To raise the capital to purchase the four companies, Beximco will issue 8.063 million ordinary shares of Tk 10 each, according to a statement by the SEC. The newly issued shares would have a lock-in period of three years.
After issuing the new shares, Beximco's paid-up capital will grow from existing Tk 3.55 billion to over Tk 3.63 billion.
In August 2006, Beximco Group merged its four textile units into one unit, Beximco Textiles or Bextex.
In 2011, Bextex was merged with Beximco.
Fibre2fashion News Desk - India
Must ReadView All
Textiles | On 19th Apr 2018
Global economic upswing became broader & stronger: IMF
The global economic upswing that began around mid-2016 has become...
Textiles | On 19th Apr 2018
ITMA 2019 expanding space due to overwhelming response
Due to overwhelming response, the exhibition space has been increased ...
Apparel/Garments | On 19th Apr 2018
BIDA’s Europe trip to showcase a different Bangladesh
The Bangladesh Investment Development Authority (BIDA) is taking a...
Interviews View All
Jim Desai
Blaiva Fabricaa
Fashion industry likely to remain labour-intensive in coming years
Rahuul Jashnani
Jashn
‘Online economy has changed the whole dynamics of buying habits.’
Abhishek Samdaria
Reflete
GST will certainly reduce a lot of paperwork in future
Conceived in Europe and curated in New Delhi, NeceSera is a...
Kusumgar Corporates is a leading manufacturer of technical textiles and...
MAG Solvics Private Limited was established in 1991 to design and develop...
Marcel Alberts
Eurofibers
Coating at a fibre level is a practice not usually seen in the...
Johan Berlin
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Kerem Durdag
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Sidharth Sinha
Sidharth Sinha
<b>Sidharth Sinha</b> has contributed to the successful rebirth and...
Adriano Goldschmied
AG Jeans
The hype around 'designer jeans' was created by him. And the new wave of...
Divvya and Nidhhi Gambhir
Walnut
<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...
Leave your Comments
Recommended
Want to know what happened in the textile world this week? Watch now!
news category
Related Categories:
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
Yes No SkipActive Poll
Do you see sustainability as a route to business growth?
YesTotal Votes: 103
Do you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipActive Poll
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
YesTotal Votes: 103
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipActive Poll
Do you think adopting a sustainable approach will be a profitable move for your business?
YesTotal Votes: 103
Thanks for your valuable feedback. Claim your free latest sustainability e-book.
Active Poll
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
YesTotal Votes: 103
E-News Insight
Latest News Update in Your Mail Box.
