Apex Footwear has announced plans to issue preference shares to raise Tk500 crore, which will be utilized to pay off the company's outstanding loans. Additionally, the company declared a 30% dividend. The issuance of these shares remains subject to formal approval from both the company's shareholders and the Bangladesh Securities and Exchange Commission (BSEC).
Economy
Apex Footwear to raise Tk500cr via preference shares, declares 30% dividend
Apex Footwear plans to raise Tk500 crore through preference shares to settle existing loans and has announced a 30% dividend for its shareholders.
Source: The Business Standard