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Summit Group entities to issue preference shares worth Tk805m

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Business Desk :
A subscription closing ceremony to raise capital through issuance of Preference Shares worth BDT 805 million for Ace Alliance Power Limited, a concern of Summit Group was held at InterContinental Dhaka recently.
LankaBangla Finance Limited acted as Mandated Arranger, LankaBangla Investments Limited acted as Issue Manager and BRAC Bank Limited acted as Agent, Account Bank & Custodian Bank for the transaction, says a press release.
In the event, Md. Mozammel Hossain, Managing Director of Ace Alliance Power Limited, Lt Gen (Retd) Engr. Abdul Wadud, Managing Director of Summit Power Limited, Khwaja Shahriar, Managing Director of LankaBangla Finance Limited, Mohammed Nasir Uddin Chowdhury, Managing Director of LankaBangla Capital Market Operations, S. M. Formanul Islam, Executive Director and CEO of Bangladesh Infrastructure Finance Fund Limited, Md. Mehmood Husain, Managing Director of NRB Bank Limited, Zafar Alam, Additional Managing Director of Bangladesh Commerce Bank Limited, Emranul Huq, Additonal Managing Director of Dhaka Bank Limited, Md. Kyser Hamid, DMD and Head of Retail Business of IPDC Finance Limited along with other senior officials from the companies were present.

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