Initial Public Offering (IPO) of Unique Hotel and Resorts Ltd
The SEC has approved the initial
public offering (IPO) of Unique Hotel and Resorts Ltd which will raise Tk 1.95
billion from the market. A total of 26
million shares will be issued with each issue priced at Tk 75,
including
premium of Tk 65, the capital market regulator said in a media statement on
Tuesday. With the money collected from
the market, the firm will build three new hotels, pay back bank loans and
expenses for the IPO, SEC said.
Five-star business hotel The Westin Dhaka is a venture of the firm. The SEC in the statement also said the
regulator did not endorse the IPO plans of Lanka Bangla Securities Ltd as it is
a member of Dhaka Stock Exchange. Dhaka, Feb 14 – The SEC has approved the
initial public offering (IPO) of Unique Hotel and Resorts Ltd which will raise
Tk 1.95 billion from the market. A total
of 26 million shares will be issued with each issue priced at Tk 75, including
premium of Tk 65, the capital market regulator said in a media statement on
Tuesday. With the money collected from
the market, the firm will build three new hotels, pay back bank loans and
expenses for the IPO, SEC said.
Five-star business hotel The Westin Dhaka is a venture of the firm. The SEC in the statement also said the
regulator did not endorse the IPO plans of Lanka Bangla Securities Ltd as it is
a member of Dhaka Stock Exchange. Endorses
Unique Hotel IPO.