Yeakin Polymer Limited (YPL) and BMSL Investment Limited have recently signed an agreement on issue management. Under the agreement, BMSL will work as issue manager of the initial public offering (IPO) of Yeakin Polymer Limited, said a press release.
The company produces different sizes and grades of pp woven bag (laminated and unlaminated) with HDPE/LDPE liner for packaging industrial raw materials, chemicals, cement, fertiliser, agro products, foodgrain etc. YPL will issue 1,20,00,000 ordinary shares of Tk 10 each through IPO.
SM Akter Kabir, managing director of YPL and Md Golarn Sarwar Bhuiyan, managing director of BMSL signed the agreement on behalf of their respective companies.
Quazi Anwarul Haque, chairman of YPL, AKM Karnrul Hassan, company secretary, YPL, AFM Alamgir, vice chairman of BMSL, Habib Ahsan, director in charge, BMSL and Abdul Awal, director of BMSL were also present at the signing ceremony.
Source: The Financial Express, December 30, 2011